Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Norwegian (OSEAX) Banks Industry Analysis

UpdatedApr 19, 2025
DataAggregated Company Financials
Companies39
  • 7D3.4%
  • 3M6.6%
  • 1Y23.7%
  • YTD10.2%

The Banks industry is up 3.4% in the last week, with DNB Bank up 4.2%. This takes the industry's 12 month performance to a gain of 24%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025NOK 574.3bNOK 146.4bNOK 62.9b10.8x9.1x3.9x
Tue, 18 Mar 2025NOK 601.5bNOK 146.5bNOK 63.9b9.4x9.4x4.1x
Thu, 13 Feb 2025NOK 521.8bNOK 145.7bNOK 66.5b10x7.8x3.6x
Sat, 11 Jan 2025NOK 503.1bNOK 143.0bNOK 60.6b9.4x8.3x3.5x
Mon, 09 Dec 2024NOK 492.5bNOK 143.0bNOK 60.7b9.3x8.1x3.4x
Wed, 06 Nov 2024NOK 495.9bNOK 142.1bNOK 60.3b8.7x8.2x3.5x
Fri, 04 Oct 2024NOK 458.4bNOK 137.0bNOK 56.6b9.3x8.1x3.3x
Sun, 01 Sep 2024NOK 484.8bNOK 140.1bNOK 57.4b9.2x8.4x3.5x
Tue, 30 Jul 2024NOK 486.0bNOK 138.2bNOK 56.8b9.3x8.6x3.5x
Thu, 27 Jun 2024NOK 450.8bNOK 136.1bNOK 55.4b8.9x8.1x3.3x
Sat, 25 May 2024NOK 460.6bNOK 135.5bNOK 55.3b8.9x8.3x3.4x
Mon, 22 Apr 2024NOK 463.3bNOK 134.2bNOK 54.7b9.3x8.5x3.5x
Wed, 20 Mar 2024NOK 468.6bNOK 134.2bNOK 54.9b9.4x8.5x3.5x
Fri, 16 Feb 2024NOK 453.8bNOK 133.9bNOK 55.4b8.8x8.2x3.4x
Sun, 14 Jan 2024NOK 473.4bNOK 130.3bNOK 53.9b9.4x8.8x3.6x
Tue, 12 Dec 2023NOK 456.5bNOK 130.2bNOK 53.8b8.9x8.5x3.5x
Thu, 09 Nov 2023NOK 437.9bNOK 129.8bNOK 54.5b8.8x8x3.4x
Sat, 07 Oct 2023NOK 460.4bNOK 124.2bNOK 50.8b9.2x9.1x3.7x
Mon, 04 Sep 2023NOK 460.9bNOK 123.8bNOK 50.7b9x9.1x3.7x
Wed, 02 Aug 2023NOK 459.8bNOK 121.5bNOK 49.7b9.9x9.2x3.8x
Fri, 30 Jun 2023NOK 444.9bNOK 118.6bNOK 48.3b9.7x9.2x3.8x
Sun, 28 May 2023NOK 416.2bNOK 118.4bNOK 48.4b9.4x8.6x3.5x
Tue, 25 Apr 2023NOK 442.1bNOK 111.5bNOK 44.7b10.7x9.9x4x
Thu, 23 Mar 2023NOK 423.3bNOK 111.5bNOK 44.9b9.9x9.4x3.8x
Sat, 18 Feb 2023NOK 438.7bNOK 110.0bNOK 44.3b10.9x9.9x4x
Mon, 16 Jan 2023NOK 424.6bNOK 106.7bNOK 40.0b10.8x10.6x4x
Wed, 14 Dec 2022NOK 408.2bNOK 106.6bNOK 40.0b10.3x10.2x3.8x
Fri, 11 Nov 2022NOK 404.5bNOK 106.6bNOK 40.8b9.8x9.9x3.8x
Sun, 09 Oct 2022NOK 383.1bNOK 104.1bNOK 38.8b10.2x9.9x3.7x
Tue, 06 Sep 2022NOK 413.4bNOK 104.1bNOK 38.9b10.8x10.6x4x
Thu, 04 Aug 2022NOK 420.1bNOK 103.9bNOK 39.0b11.5x10.8x4x
Sat, 02 Jul 2022NOK 391.1bNOK 101.7bNOK 37.7b10.6x10.4x3.8x
Mon, 30 May 2022NOK 428.4bNOK 99.4bNOK 36.2b11.4x11.8x4.3x
Wed, 27 Apr 2022NOK 449.3bNOK 100.6bNOK 36.7b12.3x12.2x4.5x
Price to Earnings Ratio

12.2x


Total Market Cap: NOK 449.3bTotal Earnings: NOK 36.7bTotal Revenue: NOK 100.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 9.2x202320242025
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 9.2x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market2.69%
Financials3.23%
Banks3.44%
Diversified Banks3.85%
Regional Banks2.06%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 9.3x.
    • Analysts are expecting annual earnings growth of 10.3%, which is lower than the prior year's growth of 13.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified 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 259.904.2%
+NOK 15.4b		22.9%PB1.4x
SB1NO SpareBank 1 Sør-NorgeNOK 160.402.8%
+NOK 1.7b		25.7%PB1.1x
SPOL SpareBank 1 ØstlandetNOK 160.981.8%
+NOK 391.3m		26.2%PB0.8x
MING SpareBank 1 SMNNOK 175.641.5%
+NOK 366.3m		25.0%PB0.9x
SVEG Sparebanken VestNOK 134.021.9%
+NOK 274.2m		12.8%PB0.6x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
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

SB1NO

NOK 160.40

SpareBank 1 Sør-Norge

7D

2.8%

1Y

25.7%

RING

NOK 353.00

SpareBank 1 Ringerike Hadeland

7D

-0.6%

1Y

18.5%

NONG

NOK 128.84

SpareBank 1 Nord-Norge

7D

1.9%

1Y

33.2%

SUNSB

NOK 115.00

Sunndal Sparebank

7D

-6.1%

1Y

4.7%

HELG

NOK 157.54

SpareBank 1 Helgeland

7D

4.3%

1Y

26.1%

AURG

NOK 231.80

Aurskog Sparebank

7D

-1.3%

1Y

7.3%

DNB

NOK 259.90

DNB Bank

7D

4.2%

1Y

22.9%

DNB Bank's (OB:DNB) Upcoming Dividend Will Be Larger Than Last Year's

Apr 04
DNB Bank's (OB:DNB) Upcoming Dividend Will Be Larger Than Last Year's

SVEG

NOK 134.02

Sparebanken Vest

7D

1.9%

1Y

12.8%

MING

NOK 175.64

SpareBank 1 SMN

7D

1.5%

1Y

25.0%

TRSB

NOK 109.04

Trøndelag Sparebank

7D

-0.9%

1Y

n/a

SOR

NOK 193.30

Sparebanken Sør

7D

2.7%

1Y

34.2%

HGSB

NOK 157.50

Haugesund Sparebank

7D

-4.5%

1Y

n/a

BIEN

NOK 135.00

Bien Sparebank

7D

-0.7%

1Y

57.0%

SPOL

NOK 160.98

SpareBank 1 Østlandet

7D

1.8%

1Y

26.2%

SKUE

NOK 310.05

Skue Sparebank

7D

-1.9%

1Y

30.9%

SB68

NOK 174.00

Sparebank 68° Nord

7D

-1.7%

1Y

11.5%