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Norwegian (OSEAX) Banks Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D-1.1%
  • 3M8.3%
  • 1Y42.1%
  • YTD33.9%

Over the last 7 days, the Banks industry has dropped 2.3%, driven by a pullback from SpareBank 1 SR-Bank of 4.9%. This takes the industry's 12 month performance to a gain of 40%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021kr163.0bkr45.5bkr13.9b11.8x
Sat, 30 Oct 2021kr476.9bkr93.5bkr35.8b11.9x
Mon, 27 Sep 2021kr449.4bkr93.1bkr34.5b11.3x
Wed, 25 Aug 2021kr442.3bkr93.0bkr34.5b11.1x
Thu, 01 Jul 2021kr141.8bkr44.5bkr13.9b10.5x
Sun, 04 Apr 2021kr130.9bkr43.1bkr13.3b9.8x
Wed, 06 Jan 2021kr114.0bkr40.3bkr11.8b10.2x
Sat, 10 Oct 2020kr101.6bkr39.1bkr10.7b9.2x
Fri, 03 Jul 2020kr96.3bkr39.3bkr10.6b9.1x
Mon, 06 Apr 2020kr77.4bkr40.0bkr10.9b8x
Thu, 09 Jan 2020kr116.5bkr44.0bkr13.5b8.3x
Wed, 02 Oct 2019kr106.6bkr43.2bkr13.4b8x
Sat, 06 Jul 2019kr105.3bkr42.3bkr13.2b7.8x
Tue, 09 Apr 2019kr103.4bkr41.3bkr13.0b7.7x
Mon, 31 Dec 2018kr98.3bkr38.3bkr11.1b8.9x
PE Ratio


Total Market Cap: kr101.9bTotal Earnings: kr11.3bTotal Revenue: kr38.6b0%0%0%3 Year10 Year

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.3x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Banks industry have grown 7.2% per year over the last three years, and revenues for these companies have grown 5.7% 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 Banks industry?

Diversified Banks-0.89%
Regional Banks-1.24%

Industry PE: Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 9.4x. However analysts are expecting annual earnings growth of 11%, which is lower than the prior year's growth of 15% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Diversified Banks industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 8.9x.

Forecasted Growth: Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 12% over the next 5 years. However this is lower than its past earnings growth rate of 21% per year. Meanwhile, the Regional Banks industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

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

SBANK Sbanken1.3%+kr128.2m31.5%PB1.3x
SPOL SpareBank 1 Østlandet0.6%+kr92.7m51.4%PB0.9x
SOAG SpareBank 1 Østfold Akershus0.6%+kr24.8m30.0%PB1x
SOON SpareBank 1 Sørøst-Norge0.3%+kr23.7m54.1%PB0.8x
BRA BRAbank New1.9%+kr19.0m56.4%PB0.8x
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