Is Now The Time To Put SpareBank 1 Ringerike Hadeland (OB:RING) On Your Watchlist?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Has the Norwegian Banks Industry valuation changed over the past few years?
|Thu, 02 Dec 2021||kr163.0b||kr45.5b||kr13.9b||11.8x|
|Sat, 30 Oct 2021||kr476.9b||kr93.5b||kr35.8b||11.9x|
|Mon, 27 Sep 2021||kr449.4b||kr93.1b||kr34.5b||11.3x|
|Wed, 25 Aug 2021||kr442.3b||kr93.0b||kr34.5b||11.1x|
|Thu, 01 Jul 2021||kr141.8b||kr44.5b||kr13.9b||10.5x|
|Sun, 04 Apr 2021||kr130.9b||kr43.1b||kr13.3b||9.8x|
|Wed, 06 Jan 2021||kr114.0b||kr40.3b||kr11.8b||10.2x|
|Sat, 10 Oct 2020||kr101.6b||kr39.1b||kr10.7b||9.2x|
|Fri, 03 Jul 2020||kr96.3b||kr39.3b||kr10.6b||9.1x|
|Mon, 06 Apr 2020||kr77.4b||kr40.0b||kr10.9b||8x|
|Thu, 09 Jan 2020||kr116.5b||kr44.0b||kr13.5b||8.3x|
|Wed, 02 Oct 2019||kr106.6b||kr43.2b||kr13.4b||8x|
|Sat, 06 Jul 2019||kr105.3b||kr42.3b||kr13.2b||7.8x|
|Tue, 09 Apr 2019||kr103.4b||kr41.3b||kr13.0b||7.7x|
|Mon, 31 Dec 2018||kr98.3b||kr38.3b||kr11.1b||8.9x|
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.
Which industries have driven the changes within the Norwegian Banks industry?
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.
Which companies have driven the market over the last 7 days?
SpareBank 1 SR-Bank
SpareBank 1 Østlandet
SpareBank 1 Sørøst-Norge
SpareBank 1 SMN
SpareBank 1 Ringerike Hadeland
Voss Veksel- og Landmandsbank
SpareBank 1 Østfold Akershus