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Norwegian (OSEAX) Banks Industry Analysis

UpdatedJan 30, 2025
DataAggregated Company Financials
Companies39
  • 7D2.8%
  • 3M8.7%
  • 1Y22.3%
  • YTD6.8%

Over the last 7 days, the Banks industry has risen 2.4%, driven by gains from DNB Bank of 3.0%. During this same period, the Sogn Sparebank underperformed, falling 16%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are forecast to decline by 1.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jan 2025NOK 536.0bNOK 143.0bNOK 60.5b9.5x8.9x3.7x
Sat, 28 Dec 2024NOK 498.5bNOK 143.3bNOK 60.6b9.5x8.2x3.5x
Mon, 25 Nov 2024NOK 497.0bNOK 143.0bNOK 61.1b8.6x8.1x3.5x
Wed, 23 Oct 2024NOK 507.2bNOK 139.6bNOK 58.5b9.6x8.7x3.6x
Fri, 20 Sep 2024NOK 473.0bNOK 140.1bNOK 57.4b9.3x8.2x3.4x
Sun, 18 Aug 2024NOK 481.8bNOK 140.1bNOK 58.0b8.9x8.3x3.4x
Tue, 16 Jul 2024NOK 469.8bNOK 138.2bNOK 56.8b9.2x8.3x3.4x
Thu, 13 Jun 2024NOK 452.5bNOK 136.1bNOK 55.5b8.9x8.2x3.3x
Sat, 11 May 2024NOK 459.7bNOK 135.1bNOK 55.1b9.4x8.3x3.4x
Mon, 08 Apr 2024NOK 473.6bNOK 134.2bNOK 54.7b9.3x8.7x3.5x
Wed, 06 Mar 2024NOK 466.8bNOK 133.9bNOK 55.2b8.7x8.4x3.5x
Fri, 02 Feb 2024NOK 454.6bNOK 130.5bNOK 53.9b9.4x8.4x3.5x
Sun, 31 Dec 2023NOK 472.1bNOK 130.3bNOK 53.9b9.2x8.8x3.6x
Tue, 28 Nov 2023NOK 446.8bNOK 130.2bNOK 53.8b8.8x8.3x3.4x
Thu, 26 Oct 2023NOK 438.9bNOK 128.0bNOK 53.1b9.2x8.3x3.4x
Sat, 23 Sep 2023NOK 472.0bNOK 124.2bNOK 50.8b9.4x9.3x3.8x
Mon, 21 Aug 2023NOK 458.8bNOK 123.8bNOK 51.7b8.9x8.9x3.7x
Wed, 19 Jul 2023NOK 444.1bNOK 121.4bNOK 49.8b9.7x8.9x3.7x
Fri, 16 Jun 2023NOK 429.5bNOK 118.3bNOK 48.2b9.9x8.9x3.6x
Sun, 14 May 2023NOK 413.5bNOK 117.8bNOK 48.3b10.2x8.6x3.5x
Tue, 11 Apr 2023NOK 421.0bNOK 111.5bNOK 44.7b10.3x9.4x3.8x
Thu, 09 Mar 2023NOK 455.4bNOK 110.8bNOK 44.7b10.3x10.2x4.1x
Sat, 04 Feb 2023NOK 421.6bNOK 106.7bNOK 40.0b10.7x10.5x4x
Mon, 02 Jan 2023NOK 429.7bNOK 106.7bNOK 40.0b11.1x10.8x4x
Wed, 30 Nov 2022NOK 420.2bNOK 106.6bNOK 40.1b9.9x10.5x3.9x
Fri, 28 Oct 2022NOK 400.7bNOK 106.0bNOK 38.5b10.3x10.4x3.8x
Sun, 25 Sep 2022NOK 393.2bNOK 104.1bNOK 38.9b10.2x10.1x3.8x
Tue, 23 Aug 2022NOK 424.8bNOK 104.1bNOK 39.3b10.2x10.8x4.1x
Thu, 21 Jul 2022NOK 412.6bNOK 103.8bNOK 39.0b11.3x10.6x4x
Sat, 18 Jun 2022NOK 394.0bNOK 101.7bNOK 37.7b10.8x10.5x3.9x
Mon, 16 May 2022NOK 412.2bNOK 99.2bNOK 36.1b11.1x11.4x4.2x
Wed, 13 Apr 2022NOK 451.4bNOK 100.6bNOK 36.7b12.5x12.3x4.5x
Fri, 11 Mar 2022NOK 457.7bNOK 103.4bNOK 38.6b11.8x11.9x4.4x
Sun, 06 Feb 2022NOK 508.3bNOK 99.8bNOK 38.8b12.9x13.1x5.1x
Price to Earnings Ratio

13.1x


Total Market Cap: NOK 508.3bTotal Earnings: NOK 38.8bTotal Revenue: NOK 99.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 9.5x202320242025
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 9.5x.
  • 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 16% 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 Market1.24%
Financials3.82%
Banks2.75%
Diversified Banks2.75%
Regional Banks2.75%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 9.5x.
    • Analysts are expecting annual earnings decline of 4.0%, which is lower than the prior year's growth of 25.8% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 8.2% 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 4.0% 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 244.101.1%
+NOK 4.0b		19.0%PB1.3x
SB1NO SpareBank 1 Sør-NorgeNOK 162.203.6%
+NOK 1.5b		27.0%PB1.2x
SPOL SpareBank 1 ØstlandetNOK 167.023.4%
+NOK 639.4m		37.6%PB0.9x
SVEG Sparebanken VestNOK 147.503.9%
+NOK 603.3m		28.3%PB0.6x
MING SpareBank 1 SMNNOK 184.002.2%
+NOK 576.8m		28.3%PB0.9x
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Latest News

HGSB

NOK 154.98

Haugesund Sparebank

7D

-0.01%

1Y

n/a

The Consensus EPS Estimates For Haugesund Sparebank (OB:HGSB) Just Fell A Lot

Jan 30
The Consensus EPS Estimates For Haugesund Sparebank (OB:HGSB) Just Fell A Lot

NISB

NOK 100.02

Nidaros Sparebank

7D

-3.8%

1Y

-8.2%

SOGN

NOK 289.00

Sogn Sparebank

7D

-10.5%

1Y

64.2%

SVEG

NOK 147.50

Sparebanken Vest

7D

3.9%

1Y

28.3%

New Forecasts: Here's What Analysts Think The Future Holds For Sparebanken Vest (OB:SVEG)

Jan 22
New Forecasts: Here's What Analysts Think The Future Holds For Sparebanken Vest (OB:SVEG)

SB68

NOK 164.66

Sparebank 68° Nord

7D

-1.3%

1Y

2.3%

NONG

NOK 132.22

SpareBank 1 Nord-Norge

7D

2.7%

1Y

26.9%

SB1NO

NOK 162.20

SpareBank 1 Sør-Norge

7D

3.6%

1Y

27.0%

MING

NOK 184.00

SpareBank 1 SMN

7D

2.2%

1Y

28.3%

DNB

NOK 244.10

DNB Bank

7D

1.1%

1Y

19.0%

Do DNB Bank's (OB:DNB) Earnings Warrant Your Attention?

Dec 17
Do DNB Bank's (OB:DNB) Earnings Warrant Your Attention?

AASB

NOK 123.00

Aasen Sparebank

7D

-0.8%

1Y

-3.1%

GRONG

NOK 149.00

Grong Sparebank

7D

-1.9%

1Y

2.8%

RING

NOK 363.00

SpareBank 1 Ringerike Hadeland

7D

4.3%

1Y

21.8%

SPOL

NOK 167.02

SpareBank 1 Østlandet

7D

3.4%

1Y

37.6%

KRAB

NOK 8.20

Kraft Bank

7D

-2.4%

1Y

1.9%

HELG

NOK 160.00

SpareBank 1 Helgeland

7D

8.5%

1Y

17.6%