SpareBank 1 Sør-Norge ASA (OB:SB1NO) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Feb 15
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Norwegian (OSEAX) Banks Industry Analysis
UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies35
- 7D1.2%
- 3M12.6%
- 1Y21.2%
- YTD2.2%
In the last week, the Banks industry is up 1.2%, with DNB Bank up 1.2%. In the last 12 months, the industry was up 21%. Looking forward, earnings are forecast to grow by 1.7% annually.
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, 16 Feb 2026 | NOK 658.3b | NOK 153.2b | NOK 64.6b | 10.7x | 10.2x | 4.3x |
| Wed, 14 Jan 2026 | NOK 632.0b | NOK 150.0b | NOK 62.9b | 11.4x | 10.1x | 4.2x |
| Fri, 12 Dec 2025 | NOK 622.2b | NOK 150.8b | NOK 63.1b | 11x | 9.9x | 4.1x |
| Sun, 09 Nov 2025 | NOK 579.1b | NOK 150.7b | NOK 66.1b | 10.3x | 8.8x | 3.8x |
| Tue, 07 Oct 2025 | NOK 597.7b | NOK 150.2b | NOK 64.6b | 10.7x | 9.2x | 4x |
| Thu, 04 Sep 2025 | NOK 583.1b | NOK 150.2b | NOK 64.7b | 10.9x | 9x | 3.9x |
| Sat, 02 Aug 2025 | NOK 584.1b | NOK 146.5b | NOK 63.2b | 11.2x | 9.2x | 4x |
| Mon, 30 Jun 2025 | NOK 612.4b | NOK 145.5b | NOK 63.4b | 11.4x | 9.7x | 4.2x |
| Wed, 28 May 2025 | NOK 610.9b | NOK 145.7b | NOK 63.4b | 11.1x | 9.6x | 4.2x |
| Fri, 25 Apr 2025 | NOK 582.5b | NOK 146.4b | NOK 62.9b | 10.7x | 9.3x | 4x |
| Sun, 23 Mar 2025 | NOK 604.2b | NOK 146.4b | NOK 63.5b | 10.7x | 9.5x | 4.1x |
| Tue, 18 Feb 2025 | NOK 533.4b | NOK 146.4b | NOK 66.8b | 9.6x | 8x | 3.6x |
| Thu, 16 Jan 2025 | NOK 515.1b | NOK 143.0b | NOK 60.6b | 9.4x | 8.5x | 3.6x |
| Sat, 14 Dec 2024 | NOK 500.3b | NOK 143.0b | NOK 60.7b | 9.3x | 8.2x | 3.5x |
| Mon, 11 Nov 2024 | NOK 495.1b | NOK 142.1b | NOK 60.6b | 8.3x | 8.2x | 3.5x |
| Wed, 09 Oct 2024 | NOK 461.5b | NOK 137.0b | NOK 56.6b | 9.3x | 8.2x | 3.4x |
| Fri, 06 Sep 2024 | NOK 473.7b | NOK 140.1b | NOK 57.4b | 9.3x | 8.3x | 3.4x |
| Sun, 04 Aug 2024 | NOK 474.8b | NOK 138.2b | NOK 56.8b | 9.5x | 8.4x | 3.4x |
| Tue, 02 Jul 2024 | NOK 461.7b | NOK 136.1b | NOK 55.4b | 9.2x | 8.3x | 3.4x |
| Thu, 30 May 2024 | NOK 457.6b | NOK 136.1b | NOK 55.8b | 8.8x | 8.2x | 3.4x |
| Sat, 27 Apr 2024 | NOK 461.0b | NOK 134.2b | NOK 54.7b | 9.5x | 8.4x | 3.4x |
| Mon, 25 Mar 2024 | NOK 465.7b | NOK 134.2b | NOK 54.9b | 9.1x | 8.5x | 3.5x |
| Wed, 21 Feb 2024 | NOK 459.8b | NOK 133.9b | NOK 55.2b | 8.8x | 8.3x | 3.4x |
| Fri, 19 Jan 2024 | NOK 462.7b | NOK 130.3b | NOK 53.9b | 9.3x | 8.6x | 3.6x |
| Sun, 17 Dec 2023 | NOK 460.7b | NOK 130.3b | NOK 54.0b | 9x | 8.5x | 3.5x |
| Tue, 14 Nov 2023 | NOK 443.5b | NOK 130.1b | NOK 53.9b | 8.9x | 8.2x | 3.4x |
| Thu, 12 Oct 2023 | NOK 471.2b | NOK 124.2b | NOK 50.8b | 9.4x | 9.3x | 3.8x |
| Sat, 09 Sep 2023 | NOK 457.6b | NOK 123.8b | NOK 50.6b | 9.2x | 9x | 3.7x |
| Mon, 07 Aug 2023 | NOK 459.0b | NOK 121.5b | NOK 49.7b | 9.9x | 9.2x | 3.8x |
| Wed, 05 Jul 2023 | NOK 445.9b | NOK 118.6b | NOK 48.3b | 9.8x | 9.2x | 3.8x |
| Fri, 02 Jun 2023 | NOK 417.7b | NOK 118.5b | NOK 48.3b | 9.8x | 8.6x | 3.5x |
| Sun, 30 Apr 2023 | NOK 421.9b | NOK 111.5b | NOK 44.6b | 10.7x | 9.5x | 3.8x |
| Tue, 28 Mar 2023 | NOK 409.3b | NOK 111.5b | NOK 44.9b | 10.1x | 9.1x | 3.7x |
| Thu, 23 Feb 2023 | NOK 443.7b | NOK 110.6b | NOK 44.9b | 10.2x | 9.9x | 4x |
Price to Earnings Ratio
9.9x
Current Industry PE
- Investors are optimistic on the Norwegian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.2x which is higher than its 3-year average PE of 8.9x.
- The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 0.43% | |
| Financials | 0.045% | |
| Banks | 1.24% | |
| Regional Banks | 1.70% | |
| Diversified Banks | 1.10% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 20.3% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.8x.
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 20% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat 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 292.80 | 1.2% +NOK 5.2b | 20.6% | PB1.4x | |
| SB1NO SpareBank 1 Sør-Norge | NOK 201.00 | 1.3% +NOK 970.5m | 28.0% | PB1.4x | |
| MING SpareBank 1 SMN | NOK 203.40 | 3.1% +NOK 888.2m | 13.6% | PB1x | |
| RING SpareBank 1 Ringerike Hadeland | NOK 455.00 | 8.3% +NOK 547.8m | 16.7% | PB1.3x | |
| NONG SpareBank 1 Nord-Norge | NOK 152.80 | 2.7% +NOK 405.6m | 18.1% | PB0.7x |
