SpareBank 1 SMN (OB:MING) Will Pay A Larger Dividend Than Last Year At NOK12.50
Mar 11
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Norwegian (OSEAX) Banks Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies39
- 7D2.1%
- 3M13.8%
- 1Y25.8%
- YTD13.4%
The Banks industry is up 2.1% in the last week, with DNB Bank up 1.4%. In the last 12 months, the industry was up 26%. In the next few years earnings are forecast to be pretty stable.
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 |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | NOK 591.2b | NOK 146.5b | NOK 63.8b | 9.3x | 9.3x | 4x |
| Sun, 09 Feb 2025 | NOK 527.1b | NOK 145.5b | NOK 64.9b | 9.7x | 8.1x | 3.6x |
| Tue, 07 Jan 2025 | NOK 502.1b | NOK 143.0b | NOK 60.6b | 9.4x | 8.3x | 3.5x |
| Thu, 05 Dec 2024 | NOK 502.9b | NOK 143.0b | NOK 60.7b | 9.4x | 8.3x | 3.5x |
| Sat, 02 Nov 2024 | NOK 499.5b | NOK 141.0b | NOK 60.7b | 9.6x | 8.2x | 3.5x |
| Mon, 30 Sep 2024 | NOK 469.9b | NOK 140.1b | NOK 57.4b | 9.3x | 8.2x | 3.4x |
| Wed, 28 Aug 2024 | NOK 481.8b | NOK 140.1b | NOK 57.5b | 9x | 8.4x | 3.4x |
| Fri, 26 Jul 2024 | NOK 478.5b | NOK 138.2b | NOK 56.8b | 9.1x | 8.4x | 3.5x |
| Sun, 23 Jun 2024 | NOK 453.7b | NOK 136.1b | NOK 55.4b | 8.9x | 8.2x | 3.3x |
| Tue, 21 May 2024 | NOK 459.3b | NOK 135.1b | NOK 55.1b | 9.1x | 8.3x | 3.4x |
| Thu, 18 Apr 2024 | NOK 467.2b | NOK 134.2b | NOK 54.8b | 9.3x | 8.5x | 3.5x |
| Sat, 16 Mar 2024 | NOK 463.9b | NOK 134.1b | NOK 55.1b | 8.9x | 8.4x | 3.5x |
| Mon, 12 Feb 2024 | NOK 448.1b | NOK 133.1b | NOK 57.8b | 8.9x | 7.8x | 3.4x |
| Wed, 10 Jan 2024 | NOK 471.7b | NOK 130.3b | NOK 53.9b | 9.3x | 8.8x | 3.6x |
| Fri, 08 Dec 2023 | NOK 458.8b | NOK 130.2b | NOK 53.8b | 8.8x | 8.5x | 3.5x |
| Sun, 05 Nov 2023 | NOK 437.8b | NOK 128.5b | NOK 54.4b | 8.9x | 8x | 3.4x |
| Tue, 03 Oct 2023 | NOK 465.6b | NOK 124.2b | NOK 50.8b | 9.2x | 9.2x | 3.7x |
| Thu, 31 Aug 2023 | NOK 460.4b | NOK 123.7b | NOK 50.7b | 8.9x | 9.1x | 3.7x |
| Sat, 29 Jul 2023 | NOK 458.2b | NOK 121.5b | NOK 49.7b | 9.7x | 9.2x | 3.8x |
| Mon, 26 Jun 2023 | NOK 426.8b | NOK 118.6b | NOK 48.3b | 9.7x | 8.8x | 3.6x |
| Wed, 24 May 2023 | NOK 420.3b | NOK 118.6b | NOK 48.4b | 9.9x | 8.7x | 3.5x |
| Fri, 21 Apr 2023 | NOK 442.9b | NOK 111.5b | NOK 44.7b | 10.6x | 9.9x | 4x |
| Sun, 19 Mar 2023 | NOK 411.5b | NOK 111.3b | NOK 44.9b | 9.9x | 9.2x | 3.7x |
| Tue, 14 Feb 2023 | NOK 427.8b | NOK 110.2b | NOK 45.7b | 10x | 9.4x | 3.9x |
| Thu, 12 Jan 2023 | NOK 421.6b | NOK 106.7b | NOK 40.0b | 10.7x | 10.5x | 4x |
| Sat, 10 Dec 2022 | NOK 408.1b | NOK 106.6b | NOK 40.0b | 10.4x | 10.2x | 3.8x |
| Mon, 07 Nov 2022 | NOK 400.0b | NOK 106.7b | NOK 40.3b | 9.7x | 9.9x | 3.7x |
| Wed, 05 Oct 2022 | NOK 392.0b | NOK 104.1b | NOK 38.8b | 10.3x | 10.1x | 3.8x |
| Fri, 02 Sep 2022 | NOK 410.9b | NOK 104.1b | NOK 38.9b | 10.8x | 10.6x | 3.9x |
| Sun, 31 Jul 2022 | NOK 418.1b | NOK 103.9b | NOK 39.0b | 11.3x | 10.7x | 4x |
| Tue, 28 Jun 2022 | NOK 398.6b | NOK 101.7b | NOK 37.7b | 11.5x | 10.6x | 3.9x |
| Thu, 26 May 2022 | NOK 422.7b | NOK 99.4b | NOK 36.2b | 11.3x | 11.7x | 4.3x |
| Sat, 23 Apr 2022 | NOK 456.5b | NOK 100.6b | NOK 36.7b | 12.5x | 12.4x | 4.5x |
| Mon, 21 Mar 2022 | NOK 474.8b | NOK 103.5b | NOK 38.5b | 12.4x | 12.3x | 4.6x |
Price to Earnings Ratio
12.3x
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 9.3x.
- 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 | 1.68% | |
| Financials | 2.52% | |
| Banks | 2.11% | |
| Regional Banks | 3.16% | |
| Diversified Banks | 1.80% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 9.3x.
- Analysts are expecting annual earnings growth of 9.6%, which is lower than the prior year's growth of 28.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 3.0% 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 266.40 | 1.4% +NOK 5.3b | 25.8% | PB1.4x | |
| SB1NO SpareBank 1 Sør-Norge | NOK 163.20 | 4.1% +NOK 2.4b | 21.6% | PB1.2x | |
| SPOL SpareBank 1 Østlandet | NOK 167.30 | 4.3% +NOK 934.7m | 32.8% | PB0.9x | |
| SVEG Sparebanken Vest | NOK 144.34 | 5.8% +NOK 868.7m | 18.9% | PB0.6x | |
| MING SpareBank 1 SMN | NOK 184.06 | 2.6% +NOK 677.8m | 25.6% | PB0.9x |
