Do DNB Bank's (OB:DNB) Earnings Warrant Your Attention?
Dec 17
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Norwegian (OSEAX) Banks Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies40
- 7D0.9%
- 3M8.0%
- 1Y9.4%
- YTD11.0%
In the last week, Banks has been flat. The past year has been better, since the industry has gained 9.4% in that time. Looking forward, earnings are forecast to decline by 2.1% per year.
Industry Valuation and Performance
Has the Norwegian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | NOK 498.5b | NOK 143.3b | NOK 60.6b | 9.5x | 8.2x | 3.5x |
| Thu, 28 Nov 2024 | NOK 498.0b | NOK 143.0b | NOK 61.0b | 9x | 8.2x | 3.5x |
| Sat, 26 Oct 2024 | NOK 498.8b | NOK 139.7b | NOK 58.1b | 9.8x | 8.6x | 3.6x |
| Mon, 23 Sep 2024 | NOK 471.4b | NOK 140.1b | NOK 57.4b | 9.3x | 8.2x | 3.4x |
| Wed, 21 Aug 2024 | NOK 479.4b | NOK 140.2b | NOK 57.8b | 8.9x | 8.3x | 3.4x |
| Fri, 19 Jul 2024 | NOK 471.0b | NOK 138.2b | NOK 56.8b | 9.3x | 8.3x | 3.4x |
| Sun, 16 Jun 2024 | NOK 457.3b | NOK 136.1b | NOK 55.5b | 8.8x | 8.2x | 3.4x |
| Tue, 14 May 2024 | NOK 466.0b | NOK 135.0b | NOK 55.1b | 9.2x | 8.5x | 3.5x |
| Thu, 11 Apr 2024 | NOK 481.7b | NOK 134.2b | NOK 54.7b | 9.3x | 8.8x | 3.6x |
| Sat, 09 Mar 2024 | NOK 467.1b | NOK 133.9b | NOK 55.3b | 8.7x | 8.4x | 3.5x |
| Mon, 05 Feb 2024 | NOK 459.8b | NOK 132.1b | NOK 56.2b | 9.3x | 8.2x | 3.5x |
| Wed, 03 Jan 2024 | NOK 464.9b | NOK 130.3b | NOK 53.9b | 9.3x | 8.6x | 3.6x |
| Fri, 01 Dec 2023 | NOK 447.7b | NOK 130.2b | NOK 53.8b | 8.8x | 8.3x | 3.4x |
| Sun, 29 Oct 2023 | NOK 439.5b | NOK 128.0b | NOK 54.3b | 9.3x | 8.1x | 3.4x |
| Tue, 26 Sep 2023 | NOK 467.7b | NOK 124.2b | NOK 50.8b | 9.3x | 9.2x | 3.8x |
| Thu, 24 Aug 2023 | NOK 458.1b | NOK 123.7b | NOK 50.8b | 9x | 9x | 3.7x |
| Sat, 22 Jul 2023 | NOK 454.1b | NOK 121.5b | NOK 49.7b | 9.7x | 9.1x | 3.7x |
| Mon, 19 Jun 2023 | NOK 434.1b | NOK 118.6b | NOK 48.3b | 9.8x | 9x | 3.7x |
| Wed, 17 May 2023 | NOK 413.8b | NOK 117.8b | NOK 48.3b | 10.3x | 8.6x | 3.5x |
| Fri, 14 Apr 2023 | NOK 428.4b | NOK 111.5b | NOK 44.7b | 10.3x | 9.6x | 3.8x |
| Sun, 12 Mar 2023 | NOK 440.3b | NOK 110.8b | NOK 44.8b | 9.7x | 9.8x | 4x |
| Tue, 07 Feb 2023 | NOK 420.3b | NOK 106.7b | NOK 40.0b | 10.7x | 10.5x | 3.9x |
| Thu, 05 Jan 2023 | NOK 437.6b | NOK 106.7b | NOK 40.0b | 10.9x | 10.9x | 4.1x |
| Sat, 03 Dec 2022 | NOK 417.3b | NOK 106.6b | NOK 40.0b | 10.6x | 10.4x | 3.9x |
| Mon, 31 Oct 2022 | NOK 399.5b | NOK 106.6b | NOK 40.7b | 9.6x | 9.8x | 3.7x |
| Wed, 28 Sep 2022 | NOK 391.1b | NOK 104.1b | NOK 39.0b | 10.2x | 10x | 3.8x |
| Fri, 26 Aug 2022 | NOK 421.9b | NOK 104.1b | NOK 38.9b | 11.1x | 10.9x | 4.1x |
| Sun, 24 Jul 2022 | NOK 410.5b | NOK 103.9b | NOK 39.0b | 11.3x | 10.5x | 4x |
| Tue, 21 Jun 2022 | NOK 406.0b | NOK 101.7b | NOK 37.7b | 10.9x | 10.8x | 4x |
| Thu, 19 May 2022 | NOK 413.9b | NOK 99.2b | NOK 36.1b | 11.1x | 11.5x | 4.2x |
| Sat, 16 Apr 2022 | NOK 453.4b | NOK 100.6b | NOK 36.7b | 12.6x | 12.3x | 4.5x |
| Mon, 14 Mar 2022 | NOK 462.1b | NOK 103.4b | NOK 38.5b | 11.9x | 12x | 4.5x |
| Wed, 09 Feb 2022 | NOK 508.2b | NOK 99.8b | NOK 37.3b | 12.7x | 13.6x | 5.1x |
| Fri, 07 Jan 2022 | NOK 487.5b | NOK 99.9b | NOK 37.3b | 11.9x | 13.1x | 4.9x |
Price to Earnings Ratio
13.1x
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 8.2x which is lower than its 3-year average PE of 9.6x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 63% per year over the last three years.
- Revenues for these companies have grown 47% 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 | 1.37% | |
| Financials | 0.84% | |
| Banks | 0.93% | |
| Diversified Banks | 0.94% | |
| Regional Banks | 0.88% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.6x.
- Analysts are expecting annual earnings decline of 4.9%, which is lower than the prior year's growth of 24.8% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 9.6x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 8.3% over the next 5 years.
- However this is lower than its past earnings growth rate of 18% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 4.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DNB DNB Bank | NOK 226.90 | 0.6% +NOK 1.9b | 5.0% | PB1.2x | |
| SB1NO SpareBank 1 Sør-Norge | NOK 146.60 | 2.1% +NOK 792.4m | 13.7% | PB1.1x | |
| MING SpareBank 1 SMN | NOK 171.32 | 1.7% +NOK 424.0m | 20.8% | PB0.9x | |
| SPOL SpareBank 1 Østlandet | NOK 157.66 | 1.9% +NOK 333.6m | 18.9% | PB0.8x | |
| NONG SpareBank 1 Nord-Norge | NOK 123.48 | 2.6% +NOK 317.3m | 19.7% | PB0.7x |
