If EPS Growth Is Important To You, Sparebanken Norge (OB:SBNOR) Presents An Opportunity
Aug 11
Have your own idea? Try our Stock Screener
Norwegian (OSEAX) Banks Industry Analysis
UpdatedAug 11, 2025
DataAggregated Company Financials
Companies37
- 7D1.5%
- 3M1.5%
- 1Y26.4%
- YTD16.1%
In the last week, the Banks industry is up 1.5%, with DNB Bank up 0.7%. This takes the industry's 12 month performance to a gain of 26%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 Aug 2025 | NOK 592.4b | NOK 146.4b | NOK 64.7b | 11x | 9.2x | 4x |
| Wed, 09 Jul 2025 | NOK 626.2b | NOK 145.5b | NOK 63.4b | 11.4x | 9.9x | 4.3x |
| Fri, 06 Jun 2025 | NOK 609.6b | NOK 145.5b | NOK 63.4b | 11.2x | 9.6x | 4.2x |
| Sun, 04 May 2025 | NOK 579.6b | NOK 142.8b | NOK 62.3b | 10.9x | 9.3x | 4.1x |
| Tue, 01 Apr 2025 | NOK 606.1b | NOK 146.4b | NOK 63.4b | 10.5x | 9.6x | 4.1x |
| Thu, 27 Feb 2025 | NOK 578.5b | NOK 146.4b | NOK 66.5b | 9.9x | 8.7x | 4x |
| Sat, 25 Jan 2025 | NOK 523.6b | NOK 143.0b | NOK 60.6b | 9.6x | 8.6x | 3.7x |
| Mon, 23 Dec 2024 | NOK 491.5b | NOK 143.3b | NOK 60.6b | 9.3x | 8.1x | 3.4x |
| Wed, 20 Nov 2024 | NOK 492.9b | NOK 143.0b | NOK 61.2b | 8.3x | 8.1x | 3.4x |
| Fri, 18 Oct 2024 | NOK 472.6b | NOK 137.0b | NOK 56.6b | 9.6x | 8.3x | 3.5x |
| Sun, 15 Sep 2024 | NOK 470.1b | NOK 140.1b | NOK 57.4b | 9.2x | 8.2x | 3.4x |
| Tue, 13 Aug 2024 | NOK 466.9b | NOK 139.3b | NOK 59.4b | 9.1x | 7.9x | 3.4x |
| Thu, 11 Jul 2024 | NOK 450.0b | NOK 136.5b | NOK 55.6b | 9x | 8.1x | 3.3x |
| Sat, 08 Jun 2024 | NOK 455.0b | NOK 136.1b | NOK 55.7b | 8.9x | 8.2x | 3.3x |
| Mon, 06 May 2024 | NOK 446.5b | NOK 134.3b | NOK 54.7b | 9.5x | 8.2x | 3.3x |
| Wed, 03 Apr 2024 | NOK 470.7b | NOK 134.2b | NOK 54.8b | 9.2x | 8.6x | 3.5x |
| Fri, 01 Mar 2024 | NOK 465.8b | NOK 133.9b | NOK 55.3b | 8.8x | 8.4x | 3.5x |
| Sun, 28 Jan 2024 | NOK 471.0b | NOK 130.5b | NOK 53.9b | 9.4x | 8.7x | 3.6x |
| Tue, 26 Dec 2023 | NOK 461.4b | NOK 130.3b | NOK 53.9b | 9.1x | 8.6x | 3.5x |
| Thu, 23 Nov 2023 | NOK 443.1b | NOK 130.2b | NOK 53.9b | 8.7x | 8.2x | 3.4x |
| Sat, 21 Oct 2023 | NOK 450.8b | NOK 124.2b | NOK 50.8b | 9.3x | 8.9x | 3.6x |
| Mon, 18 Sep 2023 | NOK 472.9b | NOK 124.2b | NOK 50.9b | 9.2x | 9.3x | 3.8x |
| Wed, 16 Aug 2023 | NOK 461.0b | NOK 123.2b | NOK 51.5b | 9.2x | 9x | 3.7x |
| Fri, 14 Jul 2023 | NOK 438.9b | NOK 121.3b | NOK 49.7b | 9.8x | 8.8x | 3.6x |
| Sun, 11 Jun 2023 | NOK 430.4b | NOK 118.5b | NOK 48.3b | 9.8x | 8.9x | 3.6x |
| Tue, 09 May 2023 | NOK 418.6b | NOK 117.3b | NOK 47.9b | 10.7x | 8.7x | 3.6x |
| Thu, 06 Apr 2023 | NOK 421.4b | NOK 111.5b | NOK 44.8b | 10.1x | 9.4x | 3.8x |
| Sat, 04 Mar 2023 | NOK 458.4b | NOK 110.8b | NOK 44.7b | 10.4x | 10.2x | 4.1x |
| Mon, 30 Jan 2023 | NOK 417.3b | NOK 106.7b | NOK 40.0b | 10.8x | 10.4x | 3.9x |
| Wed, 28 Dec 2022 | NOK 425.7b | NOK 106.7b | NOK 40.0b | 10.9x | 10.7x | 4x |
| Fri, 25 Nov 2022 | NOK 416.7b | NOK 106.6b | NOK 40.2b | 9.8x | 10.4x | 3.9x |
| Sun, 23 Oct 2022 | NOK 392.5b | NOK 104.1b | NOK 38.9b | 10x | 10.1x | 3.8x |
| Tue, 20 Sep 2022 | NOK 403.8b | NOK 104.1b | NOK 38.9b | 10.5x | 10.4x | 3.9x |
| Thu, 18 Aug 2022 | NOK 434.0b | NOK 103.5b | NOK 38.9b | 11.6x | 11.2x | 4.2x |
Price to Earnings Ratio
11.2x
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 9.0x.
- 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 18% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 0.79% | |
| Financials | 1.94% | |
| Banks | 1.52% | |
| Diversified Banks | 2.58% | |
| Regional Banks | -1.74% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings growth of 5.7% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 9.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.1% over the next 5 years.
- This is better than its past earnings growth rate of 5.7% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 3.3% 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 265.70 | 0.7% +NOK 2.8b | 23.8% | PB1.4x | |
| MOBA Morrow Bank | NOK 13.20 | 7.3% +NOK 208.0m | 149.1% | PB1.2x | |
| ROGS Rogaland Sparebank | NOK 146.00 | 4.3% +NOK 137.9m | 42.4% | PB0.8x | |
| RING SpareBank 1 Ringerike Hadeland | NOK 383.00 | 1.2% +NOK 70.4m | 29.2% | PB1.2x | |
| JAREN Jæren Sparebank | NOK 372.90 | 2.5% +NOK 45.6m | 23.1% | PB0.7x |
