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Norwegian (OSEAX) Banks Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies41
  • 7D1.6%
  • 3M6.2%
  • 1Y8.0%
  • YTD5.8%

Over the last 7 days, the Banks industry has risen 1.6%, driven by gains from DNB Bank of 1.0%. In the last 12 months, the industry was up 8.0%. As for the next few years, earnings are forecast to decline by 1.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 478.5bNOK 138.2bNOK 56.8b9.1x8.4x3.5x
Sun, 23 Jun 2024NOK 453.7bNOK 136.1bNOK 55.4b8.9x8.2x3.3x
Tue, 21 May 2024NOK 459.3bNOK 135.1bNOK 55.1b9.1x8.3x3.4x
Thu, 18 Apr 2024NOK 467.2bNOK 134.2bNOK 54.8b9.3x8.5x3.5x
Sat, 16 Mar 2024NOK 463.9bNOK 134.1bNOK 55.1b8.9x8.4x3.5x
Mon, 12 Feb 2024NOK 448.1bNOK 133.1bNOK 57.8b8.9x7.8x3.4x
Wed, 10 Jan 2024NOK 471.7bNOK 130.3bNOK 53.9b9.3x8.8x3.6x
Fri, 08 Dec 2023NOK 458.8bNOK 130.2bNOK 53.8b8.8x8.5x3.5x
Sun, 05 Nov 2023NOK 437.8bNOK 128.5bNOK 54.4b8.9x8x3.4x
Tue, 03 Oct 2023NOK 465.6bNOK 124.2bNOK 50.8b9.2x9.2x3.7x
Thu, 31 Aug 2023NOK 460.4bNOK 123.7bNOK 50.7b8.9x9.1x3.7x
Sat, 29 Jul 2023NOK 458.2bNOK 121.5bNOK 49.7b9.7x9.2x3.8x
Mon, 26 Jun 2023NOK 426.8bNOK 118.6bNOK 48.3b9.7x8.8x3.6x
Wed, 24 May 2023NOK 420.3bNOK 118.6bNOK 48.4b9.9x8.7x3.5x
Fri, 21 Apr 2023NOK 442.9bNOK 111.5bNOK 44.7b10.6x9.9x4x
Sun, 19 Mar 2023NOK 411.5bNOK 111.3bNOK 44.9b9.9x9.2x3.7x
Tue, 14 Feb 2023NOK 427.8bNOK 110.2bNOK 45.7b10x9.4x3.9x
Thu, 12 Jan 2023NOK 421.6bNOK 106.7bNOK 40.0b10.7x10.5x4x
Sat, 10 Dec 2022NOK 408.1bNOK 106.6bNOK 40.0b10.4x10.2x3.8x
Mon, 07 Nov 2022NOK 400.0bNOK 106.7bNOK 40.3b9.7x9.9x3.7x
Wed, 05 Oct 2022NOK 392.0bNOK 104.1bNOK 38.8b10.3x10.1x3.8x
Fri, 02 Sep 2022NOK 410.9bNOK 104.1bNOK 38.9b10.8x10.6x3.9x
Sun, 31 Jul 2022NOK 418.1bNOK 103.9bNOK 39.0b11.3x10.7x4x
Tue, 28 Jun 2022NOK 398.6bNOK 101.7bNOK 37.7b11.5x10.6x3.9x
Thu, 26 May 2022NOK 422.7bNOK 99.4bNOK 36.2b11.3x11.7x4.3x
Sat, 23 Apr 2022NOK 456.5bNOK 100.6bNOK 36.7b12.5x12.4x4.5x
Mon, 21 Mar 2022NOK 474.8bNOK 103.5bNOK 38.5b12.4x12.3x4.6x
Wed, 16 Feb 2022NOK 507.0bNOK 100.9bNOK 38.5b12.4x13.2x5x
Fri, 14 Jan 2022NOK 492.2bNOK 99.9bNOK 37.3b12.7x13.2x4.9x
Sun, 12 Dec 2021NOK 161.9bNOK 45.5bNOK 13.9b11.7x11.6x3.6x
Tue, 09 Nov 2021NOK 496.7bNOK 94.0bNOK 34.7b11.7x14.3x5.3x
Thu, 07 Oct 2021NOK 469.3bNOK 93.1bNOK 34.5b11.5x13.6x5x
Sat, 04 Sep 2021NOK 443.4bNOK 93.0bNOK 34.5b11.2x12.9x4.8x
Mon, 02 Aug 2021NOK 426.2bNOK 93.0bNOK 34.5b10.7x12.4x4.6x
Price to Earnings Ratio

12.4x


Total Market Cap: NOK 426.2bTotal Earnings: NOK 34.5bTotal Revenue: NOK 93.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 10.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.4x which is lower than its 3-year average PE of 10.3x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market-1.27%
Financials0.53%
Banks1.61%
Regional Banks1.70%
Diversified Banks1.58%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 8.0%, which is lower than the prior year's growth of 11.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.3x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 8.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 12% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 4.2% 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 BankNOK 221.001.0%
+NOK 3.2b		6.0%PB1.2x
SRBNK SpareBank 1 SR-BankNOK 136.800.9%
+NOK 317.0m		5.6%PB1x
MING SpareBank 1 SMNNOK 158.160.7%
+NOK 167.2m		11.9%PB0.9x
NONG SpareBank 1 Nord-NorgeNOK 105.001.3%
+NOK 138.5m		9.6%PB0.7x
SOAG SpareBank 1 Østfold AkershusNOK 340.001.5%
+NOK 61.9m		10.4%PB1x
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Latest News

PARB

NOK 65.00

Pareto Bank

7D

1.2%

1Y

22.0%

DNB

NOK 221.00

DNB Bank

7D

1.0%

1Y

6.0%

DNB Bank ASA Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

Jul 14
DNB Bank ASA Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

LEA

NOK 8.25

Lea Bank

7D

-1.8%

1Y

-10.5%

SPOL

NOK 144.82

SpareBank 1 Østlandet

7D

0.3%

1Y

14.9%

SOR

NOK 156.60

Sparebanken Sør

7D

-0.1%

1Y

23.8%

SOON

NOK 69.53

SpareBank 1 Sørøst-Norge

7D

-0.09%

1Y

39.3%

SRBNK

NOK 136.80

SpareBank 1 SR-Bank

7D

0.9%

1Y

5.6%

BIEN

NOK 89.00

Bien Sparebank

7D

-1.1%

1Y

3.7%

MING

NOK 158.16

SpareBank 1 SMN

7D

0.7%

1Y

11.9%

AURG

NOK 234.10

Aurskog Sparebank

7D

-0.8%

1Y

9.4%

RING

NOK 300.00

SpareBank 1 Ringerike Hadeland

7D

0.7%

1Y

-5.7%

NONG

NOK 105.00

SpareBank 1 Nord-Norge

7D

1.3%

1Y

9.6%

SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

May 12
SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

SADG

NOK 97.80

Sandnes Sparebank

7D

-1.2%

1Y

15.1%

HELG

NOK 126.74

SpareBank 1 Helgeland

7D

-0.6%

1Y

-0.2%

SOAG

NOK 340.00

SpareBank 1 Østfold Akershus

7D

1.5%

1Y

10.4%