DNB Bank (OB:DNB) Will Pay A Larger Dividend Than Last Year At NOK16.00
Apr 07
Norwegian (OSEAX) Banks Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies39
- 7D-0.7%
- 3M3.9%
- 1Y9.8%
- YTD2.3%
The Banks industry has been flat over the last week, but SpareBank 1 SR-Bank has lost 3.3%. As for the the longer term, the industry is up 9.8% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | kr474.0b | kr134.2b | kr54.8b | 9.2x | 8.6x | 3.5x |
| Fri, 15 Mar 2024 | kr468.6b | kr134.1b | kr55.1b | 8.9x | 8.5x | 3.5x |
| Sun, 11 Feb 2024 | kr448.1b | kr133.1b | kr57.8b | 8.9x | 7.8x | 3.4x |
| Tue, 09 Jan 2024 | kr471.6b | kr130.3b | kr53.9b | 9.3x | 8.8x | 3.6x |
| Thu, 07 Dec 2023 | kr460.4b | kr130.2b | kr53.8b | 8.9x | 8.6x | 3.5x |
| Sat, 04 Nov 2023 | kr437.8b | kr128.1b | kr53.4b | 9.7x | 8.2x | 3.4x |
| Mon, 02 Oct 2023 | kr465.6b | kr124.2b | kr50.9b | 9.2x | 9.2x | 3.7x |
| Wed, 30 Aug 2023 | kr461.5b | kr123.7b | kr50.7b | 9x | 9.1x | 3.7x |
| Fri, 28 Jul 2023 | kr454.9b | kr121.5b | kr49.7b | 9.8x | 9.1x | 3.7x |
| Sun, 25 Jun 2023 | kr426.8b | kr118.6b | kr48.3b | 9.7x | 8.8x | 3.6x |
| Tue, 23 May 2023 | kr419.4b | kr118.6b | kr48.5b | 9.4x | 8.6x | 3.5x |
| Thu, 20 Apr 2023 | kr442.4b | kr111.5b | kr44.7b | 10.6x | 9.9x | 4x |
| Sat, 18 Mar 2023 | kr410.1b | kr110.8b | kr44.9b | 9.2x | 9.1x | 3.7x |
| Mon, 13 Feb 2023 | kr424.1b | kr106.4b | kr40.6b | 10.4x | 10.5x | 4x |
| Wed, 11 Jan 2023 | kr426.2b | kr106.7b | kr40.0b | 10.8x | 10.7x | 4x |
| Fri, 09 Dec 2022 | kr400.9b | kr106.6b | kr40.0b | 10.2x | 10x | 3.8x |
| Sun, 06 Nov 2022 | kr400.0b | kr106.7b | kr40.4b | 9.7x | 9.9x | 3.7x |
| Tue, 04 Oct 2022 | kr383.3b | kr104.1b | kr38.9b | 10.1x | 9.9x | 3.7x |
| Thu, 01 Sep 2022 | kr418.4b | kr104.1b | kr38.9b | 11x | 10.8x | 4x |
| Sat, 30 Jul 2022 | kr418.1b | kr103.9b | kr39.0b | 11.3x | 10.7x | 4x |
| Mon, 27 Jun 2022 | kr394.2b | kr101.7b | kr37.7b | 11.3x | 10.5x | 3.9x |
| Wed, 25 May 2022 | kr419.9b | kr99.4b | kr36.2b | 11.4x | 11.6x | 4.2x |
| Fri, 22 Apr 2022 | kr460.3b | kr100.6b | kr36.7b | 12.6x | 12.5x | 4.6x |
| Sun, 20 Mar 2022 | kr474.6b | kr103.4b | kr38.5b | 12.5x | 12.3x | 4.6x |
| Tue, 15 Feb 2022 | kr506.9b | kr101.0b | kr38.2b | 12.3x | 13.3x | 5x |
| Thu, 13 Jan 2022 | kr491.0b | kr99.9b | kr37.3b | 12.6x | 13.1x | 4.9x |
| Sat, 11 Dec 2021 | kr161.9b | kr45.5b | kr13.9b | 11.7x | 11.6x | 3.6x |
| Mon, 08 Nov 2021 | kr498.6b | kr94.0b | kr34.8b | 11.8x | 14.3x | 5.3x |
| Wed, 06 Oct 2021 | kr469.3b | kr93.1b | kr34.5b | 11.5x | 13.6x | 5x |
| Fri, 03 Sep 2021 | kr443.4b | kr93.0b | kr34.5b | 11.2x | 12.9x | 4.8x |
| Sun, 01 Aug 2021 | kr444.3b | kr96.6b | kr36.1b | 10.8x | 12.3x | 4.6x |
| Wed, 05 May 2021 | kr135.6b | kr42.9b | kr12.9b | 10.1x | 10.5x | 3.2x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are pessimistic on the Norwegian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.6x which is lower than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 62% per year over the last three years.
- Revenues for these companies have grown 46% 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 | 0.72% | |
| Financials | -0.27% | |
| Banks | -0.68% | |
| Diversified Banks | -0.34% | |
| Regional Banks | -1.93% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 9.6%, which is lower than the prior year's growth of 24.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.5x.
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 24% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 2.4% 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 | |
|---|---|---|---|---|---|
| SPOL SpareBank 1 Østlandet | kr129.94 | 0.6% +kr85.7m | 9.2% | PB0.7x | |
| PARB Pareto Bank | kr55.70 | 2.0% +kr84.5m | 7.3% | PB0.9x | |
| MORG Sparebanken Møre | kr84.60 | 0.6% +kr23.1m | 8.5% | PB0.5x | |
| SOR Sparebanken Sør | kr143.00 | 0.3% +kr19.1m | 14.9% | PB0.4x | |
| HELG SpareBank 1 Helgeland | kr126.00 | 0.5% +kr16.2m | 0% | PB0.7x |
