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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies7
  • 7D3.7%
  • 3M2.4%
  • 1Y10.9%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 3.7%, driven by gains from every company within the industry. In the last 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 1.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026NOK 509.5bNOK 111.3bNOK 47.5b10.7x10.7x4.6x
Thu, 21 May 2026NOK 494.1bNOK 111.3bNOK 47.5b10.8x10.4x4.4x
Sat, 18 Apr 2026NOK 521.6bNOK 110.7bNOK 48.4b11.3x10.8x4.7x
Mon, 16 Mar 2026NOK 502.2bNOK 110.7bNOK 48.5b11.5x10.4x4.5x
Wed, 11 Feb 2026NOK 505.7bNOK 108.8bNOK 48.0b10.9x10.5x4.6x
Fri, 09 Jan 2026NOK 483.4bNOK 108.4bNOK 49.2b11.3x9.8x4.5x
Sun, 07 Dec 2025NOK 469.2bNOK 108.4bNOK 49.2b10.5x9.5x4.3x
Tue, 04 Nov 2025NOK 445.9bNOK 107.1bNOK 49.0b9.7x9.1x4.2x
Thu, 02 Oct 2025NOK 459.6bNOK 108.0bNOK 50.7b10.2x9.1x4.3x
Sat, 30 Aug 2025NOK 451.1bNOK 108.0bNOK 50.7b10.2x8.9x4.2x
Mon, 28 Jul 2025NOK 444.2bNOK 106.4bNOK 50.2b10.6x8.9x4.2x
Wed, 25 Jun 2025NOK 461.1bNOK 105.5bNOK 50.3b9.8x9.2x4.4x
Fri, 23 May 2025NOK 465.2bNOK 105.4bNOK 50.3b9.3x9.2x4.4x
Sun, 20 Apr 2025NOK 445.0bNOK 107.5bNOK 50.4b9.3x8.8x4.1x
Tue, 18 Mar 2025NOK 465.3bNOK 107.5bNOK 50.4b9.9x9.2x4.3x
Thu, 13 Feb 2025NOK 409.5bNOK 107.1bNOK 53.4b9.3x7.7x3.8x
Sat, 11 Jan 2025NOK 396.6bNOK 104.4bNOK 47.6b8.7x8.3x3.8x
Mon, 09 Dec 2024NOK 390.1bNOK 104.7bNOK 47.7b8.2x8.2x3.7x
Wed, 06 Nov 2024NOK 394.8bNOK 103.9bNOK 47.4b8.3x8.3x3.8x
Fri, 04 Oct 2024NOK 362.7bNOK 100.6bNOK 44.8b9x8.1x3.6x
Sun, 01 Sep 2024NOK 377.7bNOK 100.6bNOK 44.8b9.2x8.4x3.8x
Tue, 30 Jul 2024NOK 378.4bNOK 99.7bNOK 44.5b9x8.5x3.8x
Thu, 27 Jun 2024NOK 349.8bNOK 98.0bNOK 43.3b8.4x8.1x3.6x
Sat, 25 May 2024NOK 357.6bNOK 97.4bNOK 43.1b8.2x8.3x3.7x
Mon, 22 Apr 2024NOK 364.8bNOK 97.6bNOK 43.3b8.8x8.4x3.7x
Wed, 20 Mar 2024NOK 366.4bNOK 97.6bNOK 43.3b8.9x8.5x3.8x
Fri, 16 Feb 2024NOK 353.1bNOK 97.7bNOK 43.4b8.8x8.1x3.6x
Sun, 14 Jan 2024NOK 372.5bNOK 95.8bNOK 43.2b9.5x8.6x3.9x
Tue, 12 Dec 2023NOK 363.8bNOK 95.8bNOK 43.2b8.7x8.4x3.8x
Thu, 09 Nov 2023NOK 347.2bNOK 95.7bNOK 43.2b9x8x3.6x
Sat, 07 Oct 2023NOK 368.7bNOK 91.5bNOK 40.7b9.3x9.1x4x
Mon, 04 Sep 2023NOK 366.9bNOK 91.2bNOK 40.6b9.3x9x4x
Wed, 02 Aug 2023NOK 364.8bNOK 90.6bNOK 40.5b9.6x9x4x
Fri, 30 Jun 2023NOK 352.8bNOK 87.8bNOK 39.0b9.3x9x4x
Price to Earnings Ratio

9x


Total Market Cap: NOK 352.8bTotal Earnings: NOK 39.0bTotal Revenue: NOK 87.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 8.9x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 10.7x which is higher than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 6.8% per year over the last three years.
  • Revenues for these companies have grown 8.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Norwegian Diversified Banks compare with similar industries?

NO Market-0.87%
Financials2.83%
Banks3.15%
Diversified Banks3.69%
Regional Banks1.37%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DNB DNB BankNOK 295.001.4%
+NOK 5.8b		6.5%PB1.4x
SBNOR Sparebanken NorgeNOK 185.061.0%
+NOK 332.6m		20.2%PB0.6x
RING SpareBank 1 Ringerike HadelandNOK 436.950.9%
+NOK 65.8m		13.5%PB1.5x
PARB Pareto BankNOK 70.300.4%
+NOK 23.0m		-11.8%PB0.9x
SPOG Sparebanken ØstNOK 74.801.4%
+NOK 21.6m		1.4%PB0.3x

Latest News

SBNOR
NOK 185.06
Sparebanken Norge
7D
1.0%
1Y
20.2%
Analysis Article • Jun 20

Sparebanken Norge (OB:SBNOR) Stock Could Be 67% Below Fair Value After Transformation Plan

Sparebanken Norge (OB:SBNOR) has kicked off a broad transformation programme, combining technology upgrades, greater use of artificial intelligence and workforce changes with plans to enter new market areas as competition and inflation pressures remain. See our latest analysis for Sparebanken Norge. At a share price of NOK185.06, Sparebanken Norge has seen its one month share price return decline 3.63% and its year to date share price return fall 5.49%. A 12 month total shareholder return of...
DNB
NOK 295.00
DNB Bank
7D
1.4%
1Y
6.5%
SPOL
NOK 190.36
SpareBank 1 Østlandet
7D
0.07%
1Y
1.1%
Narrative Update • Jun 09

SPOL: Dividend Profile And Assumption Tweaks Will Support A Balanced Outlook

Analysts have kept the price target for SpareBank 1 Østlandet steady at NOK205, reflecting updated views on a slightly higher discount rate, modestly lower revenue growth and profit margin assumptions, and a marginally higher future P/E multiple. What's in the News No recent company specific news items were identified for SpareBank 1 Østlandet in the provided sources, so current price target views are based on valuation and assumption updates rather than new public announcements.
RING
NOK 436.95
SpareBank 1 Ringerike Hadeland
7D
0.9%
1Y
13.5%
SPOG
NOK 74.80
Sparebanken Øst
7D
1.4%
1Y
1.4%
PARB
NOK 70.30
Pareto Bank
7D
0.4%
1Y
-11.8%
BIEN
NOK 163.00
Bien Sparebank
7D
0.6%
1Y
13.2%