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Norwegian (OSEAX) Financials Sector Analysis

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies49
  • 7D0.7%
  • 3M2.9%
  • 1Y32.0%
  • YTD22.7%

Over the last 7 days, the Financials industry has remained flat. As for the the longer term, the industry is up 33% over the past 12 months. Earnings are forecast to grow by 1.4% annually.

Sector Valuation and Performance

Has the Norwegian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025NOK 796.2bNOK 259.8bNOK 77.0b11.1x10.3x3.1x
Sat, 12 Jul 2025NOK 873.9bNOK 241.9bNOK 76.1b11.5x11.5x3.6x
Mon, 09 Jun 2025NOK 845.5bNOK 241.7bNOK 76.1b11.4x11.1x3.5x
Wed, 07 May 2025NOK 804.4bNOK 285.7bNOK 74.7b11.1x10.8x2.8x
Fri, 04 Apr 2025NOK 800.8bNOK 287.6bNOK 75.2b10.3x10.7x2.8x
Sun, 02 Mar 2025NOK 784.1bNOK 227.0bNOK 78.4b9.9x10x3.5x
Tue, 28 Jan 2025NOK 733.4bNOK 293.3bNOK 73.4b10.4x10x2.5x
Thu, 26 Dec 2024NOK 682.5bNOK 296.3bNOK 74.1b10x9.2x2.3x
Sat, 23 Nov 2024NOK 683.9bNOK 295.8bNOK 74.6b8.8x9.2x2.3x
Mon, 21 Oct 2024NOK 659.8bNOK 274.1bNOK 68.2b9.5x9.7x2.4x
Wed, 18 Sep 2024NOK 646.3bNOK 277.1bNOK 69.0b9.3x9.4x2.3x
Fri, 16 Aug 2024NOK 648.8bNOK 276.8bNOK 69.6b9.2x9.3x2.3x
Sun, 14 Jul 2024NOK 650.9bNOK 273.7bNOK 68.1b9.1x9.6x2.4x
Tue, 11 Jun 2024NOK 630.9bNOK 271.4bNOK 65.3b9x9.7x2.3x
Thu, 09 May 2024NOK 631.6bNOK 269.3bNOK 64.9b9.5x9.7x2.3x
Sat, 06 Apr 2024NOK 627.7bNOK 249.2bNOK 65.3b9.3x9.6x2.5x
Mon, 04 Mar 2024NOK 624.6bNOK 264.3bNOK 65.9b8.8x9.5x2.4x
Wed, 31 Jan 2024NOK 619.8bNOK 296.8bNOK 63.6b9.5x9.7x2.1x
Fri, 29 Dec 2023NOK 626.8bNOK 296.9bNOK 64.9b9.3x9.7x2.1x
Sun, 26 Nov 2023NOK 609.7bNOK 297.0bNOK 64.9b9x9.4x2.1x
Tue, 24 Oct 2023NOK 593.3bNOK 292.5bNOK 64.4b9.5x9.2x2x
Thu, 21 Sep 2023NOK 619.0bNOK 287.0bNOK 62.3b9.4x9.9x2.2x
Sat, 19 Aug 2023NOK 601.7bNOK 286.3bNOK 62.7b9x9.6x2.1x
Mon, 17 Jul 2023NOK 577.7bNOK 285.2bNOK 60.9b9.9x9.5x2x
Wed, 14 Jun 2023NOK 581.8bNOK 220.3bNOK 58.5b9.8x9.9x2.6x
Fri, 12 May 2023NOK 562.9bNOK 184.2bNOK 58.1b10.3x9.7x3.1x
Sun, 09 Apr 2023NOK 570.4bNOK 174.7bNOK 53.7b10.4x10.6x3.3x
Tue, 07 Mar 2023NOK 621.1bNOK 174.7bNOK 53.9b10.7x11.5x3.6x
Thu, 02 Feb 2023NOK 575.1bNOK 175.6bNOK 48.8b11x11.8x3.3x
Sat, 31 Dec 2022NOK 588.8bNOK 175.7bNOK 49.9b11.3x11.8x3.4x
Mon, 28 Nov 2022NOK 577.9bNOK 175.5bNOK 50.1b10.1x11.5x3.3x
Wed, 26 Oct 2022NOK 549.5bNOK 183.3bNOK 48.9b10.3x11.2x3x
Fri, 23 Sep 2022NOK 562.8bNOK 183.3bNOK 49.3b10.6x11.4x3.1x
Sun, 21 Aug 2022NOK 598.8bNOK 182.9bNOK 49.6b11.3x12.1x3.3x
Price to Earnings Ratio

12.1x


Total Market Cap: NOK 598.8bTotal Earnings: NOK 49.6bTotal Revenue: NOK 182.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 10.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.2x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Financials sector?

NO Market-0.41%
Financials0.69%
Banks0.93%
Consumer Finance0.53%
Diversified Financial0.37%
Capital Markets0.25%
Mortgage Finance0%0
Insurance-0.06%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 13.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DNB DNB BankNOK 267.601.7%
+NOK 6.3b		21.2%PB1.4x
SBNOR Sparebanken NorgeNOK 164.322.1%
+NOK 364.1m		19.4%PB0.7x
GJF Gjensidige ForsikringNOK 282.600.1%
+NOK 200.0m		53.8%PE22.3x
B2I B2 ImpactNOK 16.560.9%
+NOK 51.8m		107.3%PE19.7x
BIEN Bien SparebankNOK 147.006.5%
+NOK 51.1m		63.3%PB1.2x

Latest News

DNB
NOK 267.60
DNB Bank
7D
1.7%
1Y
21.2%
SB1NO
NOK 181.00
SpareBank 1 Sør-Norge
7D
-0.2%
1Y
34.5%
SBNOR
NOK 164.32
Sparebanken Norge
7D
2.1%
1Y
19.4%

If EPS Growth Is Important To You, Sparebanken Norge (OB:SBNOR) Presents An Opportunity

Aug 11
If EPS Growth Is Important To You, Sparebanken Norge (OB:SBNOR) Presents An Opportunity
PROT
NOK 493.00
Protector Forsikring
7D
-0.8%
1Y
125.1%

With EPS Growth And More, Protector Forsikring (OB:PROT) Makes An Interesting Case

Aug 11
With EPS Growth And More, Protector Forsikring (OB:PROT) Makes An Interesting Case
SPOL
NOK 188.66
SpareBank 1 Østlandet
7D
-0.2%
1Y
28.9%
NONG
NOK 141.80
SpareBank 1 Nord-Norge
7D
-3.6%
1Y
32.5%
MING
NOK 191.44
SpareBank 1 SMN
7D
-0.9%
1Y
21.9%
STB
NOK 153.10
Storebrand
7D
1.7%
1Y
42.0%
B2I
NOK 16.56
B2 Impact
7D
0.9%
1Y
107.3%

After Leaping 27% B2 Impact ASA (OB:B2I) Shares Are Not Flying Under The Radar

Jul 22
After Leaping 27% B2 Impact ASA (OB:B2I) Shares Are Not Flying Under The Radar
PARB
NOK 93.30
Pareto Bank
7D
-3.5%
1Y
43.3%
GJF
NOK 282.60
Gjensidige Forsikring
7D
0.1%
1Y
53.8%
MORG
NOK 105.50
Sparebanken Møre
7D
0.9%
1Y
24.6%
MOBA
NOK 13.25
Morrow Bank
7D
1.1%
1Y
136.6%
BIEN
NOK 147.00
Bien Sparebank
7D
6.5%
1Y
63.3%

This Analyst Just Made A Decent Upgrade To Their Bien Sparebank ASA (OB:BIEN) Earnings Forecasts

May 29
This Analyst Just Made A Decent Upgrade To Their Bien Sparebank ASA (OB:BIEN) Earnings Forecasts
HELG
NOK 168.00
SpareBank 1 Helgeland
7D
-5.6%
1Y
34.4%
INSTA
NOK 2.87
Instabank
7D
4.0%
1Y
52.7%