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Norwegian (OSEAX) Financials Sector Analysis

UpdatedJan 24, 2025
DataAggregated Company Financials
Companies51
  • 7D1.9%
  • 3M5.0%
  • 1Y18.7%
  • YTD4.4%

In the last week, the Financials industry is up 1.9%, with DNB Bank up 2.1%. This takes the industry's 12 month performance to a gain of 19%. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jan 2025NOK 723.8bNOK 294.7bNOK 73.2b10.2x9.9x2.5x
Sun, 22 Dec 2024NOK 679.6bNOK 296.3bNOK 74.1b9.6x9.2x2.3x
Tue, 19 Nov 2024NOK 681.9bNOK 295.9bNOK 74.6b8.8x9.1x2.3x
Thu, 17 Oct 2024NOK 661.0bNOK 274.0bNOK 68.2b9.4x9.7x2.4x
Sat, 14 Sep 2024NOK 648.1bNOK 277.1bNOK 69.0b9.2x9.4x2.3x
Mon, 12 Aug 2024NOK 633.3bNOK 276.3bNOK 71.2b9.1x8.9x2.3x
Wed, 10 Jul 2024NOK 628.5bNOK 272.0bNOK 65.5b9.1x9.6x2.3x
Fri, 07 Jun 2024NOK 633.6bNOK 271.4bNOK 65.5b9.1x9.7x2.3x
Sun, 05 May 2024NOK 614.7bNOK 269.2bNOK 64.8b9.5x9.5x2.3x
Tue, 02 Apr 2024NOK 624.3bNOK 249.2bNOK 65.4b9.2x9.5x2.5x
Thu, 29 Feb 2024NOK 620.8bNOK 264.3bNOK 65.7b8.9x9.4x2.3x
Sat, 27 Jan 2024NOK 628.2bNOK 296.8bNOK 63.6b9.5x9.9x2.1x
Mon, 25 Dec 2023NOK 618.4bNOK 296.9bNOK 64.9b9.2x9.5x2.1x
Wed, 22 Nov 2023NOK 603.5bNOK 296.9bNOK 65.0b8.8x9.3x2x
Fri, 20 Oct 2023NOK 596.8bNOK 287.2bNOK 62.2b9.4x9.6x2.1x
Sun, 17 Sep 2023NOK 620.9bNOK 287.0bNOK 62.3b9.3x10x2.2x
Tue, 15 Aug 2023NOK 608.9bNOK 285.4bNOK 62.5b9.7x9.7x2.1x
Thu, 13 Jul 2023NOK 583.0bNOK 221.0bNOK 58.4b9.8x10x2.6x
Sat, 10 Jun 2023NOK 584.3bNOK 220.3bNOK 58.5b9.8x10x2.7x
Mon, 08 May 2023NOK 570.4bNOK 184.1bNOK 58.2b10.5x9.8x3.1x
Wed, 05 Apr 2023NOK 570.0bNOK 174.7bNOK 53.8b10.3x10.6x3.3x
Fri, 03 Mar 2023NOK 616.0bNOK 174.7bNOK 53.9b10.7x11.4x3.5x
Sun, 29 Jan 2023NOK 574.5bNOK 175.6bNOK 48.8b11.1x11.8x3.3x
Tue, 27 Dec 2022NOK 585.3bNOK 175.7bNOK 49.9b11.1x11.7x3.3x
Thu, 24 Nov 2022NOK 573.4bNOK 175.5bNOK 50.1b9.9x11.5x3.3x
Sat, 22 Oct 2022NOK 545.0bNOK 183.7bNOK 48.9b10.4x11.2x3x
Mon, 19 Sep 2022NOK 561.7bNOK 183.3bNOK 49.3b10.6x11.4x3.1x
Wed, 17 Aug 2022NOK 600.6bNOK 182.4bNOK 50.3b11.8x11.9x3.3x
Fri, 15 Jul 2022NOK 562.2bNOK 229.3bNOK 51.2b10.9x11x2.5x
Sun, 12 Jun 2022NOK 569.5bNOK 225.2bNOK 48.7b11.5x11.7x2.5x
Tue, 10 May 2022NOK 553.3bNOK 224.9bNOK 48.6b11.1x11.4x2.5x
Thu, 07 Apr 2022NOK 620.3bNOK 267.3bNOK 49.5b12.2x12.5x2.3x
Sat, 05 Mar 2022NOK 617.3bNOK 270.9bNOK 51.2b11.7x12.1x2.3x
Mon, 31 Jan 2022NOK 738.4bNOK 265.4bNOK 52.6b12.2x14x2.8x
Price to Earnings Ratio

14x


Total Market Cap: NOK 738.4bTotal Earnings: NOK 52.6bTotal Revenue: NOK 265.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 10.5x202320242025
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 10.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market0.83%
Financials1.86%
Consumer Finance6.57%
Banks2.01%
Insurance1.41%
Diversified Financial0.81%
Capital Markets0.15%
Mortgage Finance0%0
Mortgage REITs0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 9.8x.
    • 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 35% over the next 5 years.
  • This is better than its past earnings decline of 36% 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
GJF Gjensidige ForsikringNOK 227.808.6%
+NOK 9.0b
32.8%PE23.2x
DNB DNB BankNOK 240.401.1%
+NOK 3.9b
11.8%PB1.3x
PROT Protector ForsikringNOK 324.509.8%
+NOK 2.4b
72.2%PE13.7x
STB StorebrandNOK 130.203.6%
+NOK 2.0b
33.9%PE11.1x
SB1NO SpareBank 1 Sør-NorgeNOK 155.802.2%
+NOK 898.2m
18.0%PB1.1x
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Latest News

GJF

NOK 227.80

Gjensidige Forsikring

7D

8.6%

1Y

32.8%

PROT

NOK 324.50

Protector Forsikring

7D

9.8%

1Y

72.2%

STB

NOK 130.20

Storebrand

7D

3.6%

1Y

33.9%

PARB

NOK 69.50

Pareto Bank

7D

-0.7%

1Y

25.5%

NONG

NOK 127.78

SpareBank 1 Nord-Norge

7D

-0.9%

1Y

21.7%

B2I

NOK 10.64

B2 Impact

7D

8.7%

1Y

42.1%

BIEN

NOK 119.00

Bien Sparebank

7D

-1.7%

1Y

40.7%

RING

NOK 351.00

SpareBank 1 Ringerike Hadeland

7D

2.6%

1Y

17.8%

SPOL

NOK 161.00

SpareBank 1 Østlandet

7D

-0.4%

1Y

29.2%

SUNSB

NOK 114.02

Sunndal Sparebank

7D

-4.6%

1Y

1.8%

HELG

NOK 158.00

SpareBank 1 Helgeland

7D

8.2%

1Y

13.7%