Do DNB Bank's (OB:DNB) Earnings Warrant Your Attention?
Dec 17
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Norwegian (OSEAX) Diversified Banks Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies9
- 7D-2.0%
- 3M4.0%
- 1Y8.5%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 1.1%, driven by a pullback from DNB Bank of 2.3%. This takes the industry's 12 month performance to a gain of 9.9%. Looking forward, earnings are forecast to decline by 4.9% per year.
Industry Valuation and Performance
Has the Norwegian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 387.9b | NOK 104.7b | NOK 47.7b | 8.4x | 8.1x | 3.7x |
| Tue, 19 Nov 2024 | NOK 395.3b | NOK 104.7b | NOK 47.7b | 8.3x | 8.3x | 3.8x |
| Thu, 17 Oct 2024 | NOK 375.2b | NOK 100.6b | NOK 44.8b | 9.2x | 8.4x | 3.7x |
| Sat, 14 Sep 2024 | NOK 364.1b | NOK 100.6b | NOK 44.8b | 8.9x | 8.1x | 3.6x |
| Mon, 12 Aug 2024 | NOK 362.5b | NOK 100.0b | NOK 45.1b | 8.4x | 8x | 3.6x |
| Wed, 10 Jul 2024 | NOK 347.0b | NOK 98.0b | NOK 43.3b | 8.7x | 8x | 3.5x |
| Fri, 07 Jun 2024 | NOK 355.7b | NOK 98.0b | NOK 43.6b | 8.1x | 8.2x | 3.6x |
| Sun, 05 May 2024 | NOK 343.9b | NOK 97.2b | NOK 42.9b | 8.8x | 8x | 3.5x |
| Tue, 02 Apr 2024 | NOK 369.3b | NOK 97.6b | NOK 43.3b | 8.5x | 8.5x | 3.8x |
| Thu, 29 Feb 2024 | NOK 364.2b | NOK 97.6b | NOK 43.3b | 8.8x | 8.4x | 3.7x |
| Sat, 27 Jan 2024 | NOK 370.0b | NOK 95.8b | NOK 43.2b | 9.4x | 8.6x | 3.9x |
| Mon, 25 Dec 2023 | NOK 365.0b | NOK 95.8b | NOK 43.2b | 9x | 8.5x | 3.8x |
| Wed, 22 Nov 2023 | NOK 355.6b | NOK 95.8b | NOK 43.2b | 8.7x | 8.2x | 3.7x |
| Fri, 20 Oct 2023 | NOK 361.3b | NOK 91.5b | NOK 40.7b | 9.1x | 8.9x | 4x |
| Sun, 17 Sep 2023 | NOK 379.3b | NOK 91.5b | NOK 40.7b | 9.3x | 9.3x | 4.1x |
| Tue, 15 Aug 2023 | NOK 369.2b | NOK 91.2b | NOK 40.7b | 9.2x | 9.1x | 4x |
| Thu, 13 Jul 2023 | NOK 345.9b | NOK 87.8b | NOK 39.0b | 9.2x | 8.9x | 3.9x |
| Sat, 10 Jun 2023 | NOK 341.4b | NOK 87.8b | NOK 39.1b | 8.8x | 8.7x | 3.9x |
| Mon, 08 May 2023 | NOK 327.9b | NOK 87.5b | NOK 39.0b | 8.9x | 8.4x | 3.7x |
| Wed, 05 Apr 2023 | NOK 333.8b | NOK 82.1b | NOK 35.8b | 9.7x | 9.3x | 4.1x |
| Fri, 03 Mar 2023 | NOK 361.5b | NOK 82.1b | NOK 35.8b | 10.6x | 10.1x | 4.4x |
| Sun, 29 Jan 2023 | NOK 331.3b | NOK 78.7b | NOK 31.8b | 10.4x | 10.4x | 4.2x |
| Tue, 27 Dec 2022 | NOK 339.7b | NOK 78.7b | NOK 31.8b | 10.8x | 10.7x | 4.3x |
| Thu, 24 Nov 2022 | NOK 329.5b | NOK 78.7b | NOK 31.8b | 10.4x | 10.4x | 4.2x |
| Sat, 22 Oct 2022 | NOK 313.1b | NOK 76.3b | NOK 30.6b | 10.1x | 10.2x | 4.1x |
| Mon, 19 Sep 2022 | NOK 319.9b | NOK 76.3b | NOK 30.6b | 10.1x | 10.5x | 4.2x |
| Wed, 17 Aug 2022 | NOK 348.5b | NOK 76.5b | NOK 31.6b | 10.5x | 11x | 4.6x |
| Fri, 15 Jul 2022 | NOK 322.4b | NOK 76.6b | NOK 30.7b | 9.7x | 10.5x | 4.2x |
| Sun, 12 Jun 2022 | NOK 325.8b | NOK 72.1b | NOK 27.9b | 10.2x | 11.7x | 4.5x |
| Tue, 10 May 2022 | NOK 313.7b | NOK 72.1b | NOK 27.9b | 10.4x | 11.2x | 4.4x |
| Thu, 07 Apr 2022 | NOK 350.3b | NOK 73.5b | NOK 28.5b | 11.6x | 12.3x | 4.8x |
| Sat, 05 Mar 2022 | NOK 357.8b | NOK 76.4b | NOK 30.3b | 11.4x | 11.8x | 4.7x |
| Mon, 31 Jan 2022 | NOK 408.2b | NOK 74.1b | NOK 29.8b | 12.3x | 13.7x | 5.5x |
| Wed, 29 Dec 2021 | NOK 71.5b | NOK 19.7b | NOK 6.4b | 11.6x | 11.1x | 3.6x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the Norwegian Diversified 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 8.2x which is lower than its 3-year average PE of 9.6x.
- The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 95% per year over the last three years.
- Revenues for these companies have grown 75% 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 | -2.76% | |
| Financials | -1.77% | |
| Banks | -1.86% | |
| Diversified Banks | -1.95% | |
| Regional Banks | -1.49% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SVEG Sparebanken Vest | NOK 137.90 | 0.7% +NOK 98.7m | 30.6% | PB0.6x | |
| SPOG Sparebanken Øst | NOK 69.70 | 4.2% +NOK 58.0m | 41.4% | PB0.3x | |
| SOR Sparebanken Sør | NOK 191.80 | 0.6% +NOK 45.9m | 36.5% | PB0.4x | |
| PARB Pareto Bank | NOK 65.90 | 0.3% +NOK 15.4m | 25.5% | PB1x | |
| SPOL SpareBank 1 Østlandet | NOK 153.88 | 0.08% +NOK 13.9m | 15.2% | PB0.8x |