Header cover image

Norwegian (OSEAX) Banks Industry Analysis

UpdatedNov 26, 2022
DataAggregated Company Financials
Companies35
  • 7D2.5%
  • 3M0.8%
  • 1Y-7.3%
  • YTD-9.5%

The Banks industry is up 2.5% in the last week, with DNB Bank up 2.8%. However, the industry is down 7.3% over the past year. As for the next few years, earnings are expected to grow by 5.8% per annum.

Industry Valuation and Performance

Has the Norwegian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022kr417.2bkr106.6bkr40.2b9.8x10.4x3.9x
Tue, 25 Oct 2022kr392.5bkr104.1bkr38.9b10x10.1x3.8x
Thu, 22 Sep 2022kr405.6bkr104.1bkr38.9b10.5x10.4x3.9x
Sat, 20 Aug 2022kr432.2bkr103.7bkr38.8b11.5x11.1x4.2x
Mon, 18 Jul 2022kr397.0bkr103.8bkr39.0b11.2x10.2x3.8x
Wed, 15 Jun 2022kr405.4bkr101.7bkr37.7b10.9x10.8x4x
Fri, 13 May 2022kr401.6bkr99.2bkr36.1b11.1x11.1x4x
Sun, 10 Apr 2022kr456.7bkr100.6bkr36.7b12.5x12.4x4.5x
Tue, 08 Mar 2022kr441.5bkr103.6bkr38.5b11.6x11.5x4.3x
Thu, 03 Feb 2022kr507.4bkr99.8bkr37.3b12.5x13.6x5.1x
Sat, 01 Jan 2022kr167.5bkr45.5bkr13.9b12.2x12x3.7x
Mon, 29 Nov 2021kr160.3bkr45.6bkr13.9b11.6x11.5x3.5x
Wed, 27 Oct 2021kr488.1bkr93.1bkr34.5b11.9x14.2x5.2x
Fri, 24 Sep 2021kr445.6bkr93.1bkr34.5b11.3x12.9x4.8x
Sun, 22 Aug 2021kr437.0bkr93.0bkr34.5b11.1x12.7x4.7x
Fri, 09 Jul 2021kr141.8bkr44.5bkr13.9b10.5x10.2x3.2x
Thu, 01 Apr 2021kr130.9bkr43.1bkr13.3b9.8x9.8x3x
Sun, 03 Jan 2021kr114.0bkr40.3bkr11.8b10.2x9.7x2.8x
Wed, 07 Oct 2020kr101.6bkr39.1bkr10.7b9.2x9.5x2.6x
Tue, 30 Jun 2020kr96.3bkr39.3bkr10.6b9.1x9.1x2.5x
Fri, 03 Apr 2020kr77.4bkr40.0bkr10.9b8x7.1x1.9x
Mon, 06 Jan 2020kr116.5bkr44.0bkr13.5b8.3x8.6x2.6x
Price to Earnings Ratio

8.3x


Total Market Cap: kr111.5bTotal Earnings: kr13.4bTotal Revenue: kr43.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 10.4x202020212022
Current Industry PE
  • Investors are relatively neutral on the Norwegian Banks 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 10.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 35% 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 industry?

NO Market3.17%
Financials2.06%
Banks2.51%
Diversified Banks2.61%
Regional Banks2.16%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.2x.
    • Analysts are expecting annual earnings growth of 4.1%, which is higher than its past year's earnings decline of 2.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.1% per year 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 Bankkr189.252.8%
+kr8.1b
-6.1%PB1.2x
SRBNK SpareBank 1 SR-Bankkr119.404.7%
+kr1.4b
-5.0%PB1.1x
MING SpareBank 1 SMNkr118.401.5%
+kr232.7m
-14.2%PB0.7x
RING SpareBank 1 Ringerike Hadelandkr330.003.1%
+kr156.5m
2.5%PB1.3x
NONG SpareBank 1 Nord-Norgekr91.501.7%
+kr150.6m
-9.2%PB0.6x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
Download on the App StoreGet it on Google Play
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MING

kr118.40

SpareBank 1 SMN

7D

1.5%

1Y

-14.2%

SOR

kr128.00

Sparebanken Sør

7D

2.0%

1Y

-10.5%

SVEG

kr88.30

Sparebanken Vest

7D

0.8%

1Y

-10.0%

PARB

kr46.85

Pareto Bank

7D

-1.3%

1Y

-20.6%

DNB

kr189.25

DNB Bank

7D

2.8%

1Y

-6.1%

SRBNK

kr119.40

SpareBank 1 SR-Bank

7D

4.7%

1Y

-5.0%

INSTA

kr1.55

Instabank

7D

-1.3%

1Y

-23.5%