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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies7
  • 7D2.9%
  • 3M6.0%
  • 1Y26.6%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 1.7%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 26%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025NOK 492.0bNOK 108.4bNOK 49.2b11x10x4.5x
Fri, 21 Nov 2025NOK 449.3bNOK 108.4bNOK 49.2b9.7x9.1x4.1x
Sun, 19 Oct 2025NOK 458.4bNOK 108.0bNOK 50.7b9.8x9x4.2x
Tue, 16 Sep 2025NOK 459.5bNOK 108.0bNOK 50.7b10x9.1x4.3x
Thu, 14 Aug 2025NOK 455.3bNOK 106.7bNOK 50.3b10.2x9x4.3x
Sat, 12 Jul 2025NOK 481.1bNOK 105.5bNOK 50.3b10.6x9.6x4.6x
Mon, 09 Jun 2025NOK 469.3bNOK 105.5bNOK 50.3b10x9.3x4.4x
Wed, 07 May 2025NOK 442.8bNOK 103.9bNOK 49.7b9.4x8.9x4.3x
Fri, 04 Apr 2025NOK 449.8bNOK 107.5bNOK 50.4b9.7x8.9x4.2x
Sun, 02 Mar 2025NOK 445.8bNOK 107.5bNOK 53.2b9.5x8.4x4.1x
Tue, 28 Jan 2025NOK 413.5bNOK 104.4bNOK 47.6b8.9x8.7x4x
Thu, 26 Dec 2024NOK 390.4bNOK 104.7bNOK 47.7b8.5x8.2x3.7x
Sat, 23 Nov 2024NOK 395.4bNOK 104.7bNOK 47.7b8.3x8.3x3.8x
Mon, 21 Oct 2024NOK 374.3bNOK 100.6bNOK 44.8b9.2x8.4x3.7x
Wed, 18 Sep 2024NOK 361.8bNOK 100.6bNOK 44.8b8.8x8.1x3.6x
Fri, 16 Aug 2024NOK 372.5bNOK 100.4bNOK 45.3b8.2x8.2x3.7x
Sun, 14 Jul 2024NOK 367.6bNOK 99.7bNOK 44.5b8.3x8.3x3.7x
Tue, 11 Jun 2024NOK 353.3bNOK 98.0bNOK 43.4b8.4x8.1x3.6x
Thu, 09 May 2024NOK 353.5bNOK 97.3bNOK 43.1b8.1x8.2x3.6x
Sat, 06 Apr 2024NOK 371.0bNOK 97.6bNOK 43.3b8.6x8.6x3.8x
Mon, 04 Mar 2024NOK 366.5bNOK 97.6bNOK 43.3b8.8x8.5x3.8x
Wed, 31 Jan 2024NOK 363.8bNOK 95.8bNOK 43.2b9.3x8.4x3.8x
Fri, 29 Dec 2023NOK 369.7bNOK 95.8bNOK 43.2b9.1x8.6x3.9x
Sun, 26 Nov 2023NOK 358.0bNOK 95.8bNOK 43.2b8.6x8.3x3.7x
Tue, 24 Oct 2023NOK 358.4bNOK 95.2bNOK 43.0b9x8.3x3.8x
Thu, 21 Sep 2023NOK 377.7bNOK 91.5bNOK 40.7b9.3x9.3x4.1x
Sat, 19 Aug 2023NOK 365.4bNOK 91.4bNOK 40.7b9.2x9x4x
Mon, 17 Jul 2023NOK 349.4bNOK 90.5bNOK 40.4b9.1x8.6x3.9x
Wed, 14 Jun 2023NOK 340.1bNOK 87.8bNOK 39.0b8.9x8.7x3.9x
Fri, 12 May 2023NOK 323.2bNOK 87.5bNOK 39.0b8.8x8.3x3.7x
Sun, 09 Apr 2023NOK 334.2bNOK 82.1bNOK 35.8b9.7x9.3x4.1x
Tue, 07 Mar 2023NOK 367.8bNOK 82.1bNOK 35.8b10.8x10.3x4.5x
Thu, 02 Feb 2023NOK 332.3bNOK 78.7bNOK 31.8b10.5x10.5x4.2x
Sat, 31 Dec 2022NOK 341.2bNOK 78.7bNOK 31.8b10.8x10.7x4.3x
Price to Earnings Ratio

10.7x


Total Market Cap: NOK 341.2bTotal Earnings: NOK 31.8bTotal Revenue: NOK 78.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 8.8x202320242025
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 9.9x which is higher than its 3-year average PE of 8.8x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 16% 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 Comparison

How does Norwegian Diversified Banks compare with similar industries?

NO Market1.89%
Financials2.58%
Banks2.82%
Diversified Banks2.86%
Regional Banks2.68%
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 282.402.9%
+NOK 11.6b		25.2%PB1.5x
SBNOR Sparebanken NorgeNOK 194.003.0%
+NOK 956.3m		39.6%PB0.6x
SPOL SpareBank 1 ØstlandetNOK 202.152.7%
+NOK 729.6m		30.6%PB1x
MOBA Morrow BankNOK 14.854.9%
+NOK 162.0m		61.4%PB1.3x
RING SpareBank 1 Ringerike HadelandNOK 405.002.3%
+NOK 140.9m		23.5%PB1.2x

Latest News

SBNOR
NOK 194.00
Sparebanken Norge
7D
3.0%
1Y
39.6%
DNB
NOK 282.40
DNB Bank
7D
2.9%
1Y
25.2%

DNB: Future Returns Will Reflect Profitability Strength Amid Macro And Capital Risks

Analysts have modestly revised their price target for DNB Bank to NOK 283, reflecting slightly lower long term growth assumptions but improved profitability expectations that keep the stock’s valuation attractive relative to its forward earnings multiple. Analyst Commentary Recent Street research on DNB Bank reflects a mixed but generally constructive stance, with some analysts turning more positive on the bank’s earnings trajectory and capital return potential, while others remain cautious on valuation and macro headwinds.
SPOG
NOK 77.00
Sparebanken Øst
7D
1.3%
1Y
7.1%
MOBA
NOK 14.85
Morrow Bank
7D
4.9%
1Y
61.4%
RING
NOK 405.00
SpareBank 1 Ringerike Hadeland
7D
2.3%
1Y
23.5%
SPOL
NOK 202.15
SpareBank 1 Østlandet
7D
2.7%
1Y
30.6%
PARB
NOK 89.80
Pareto Bank
7D
1.8%
1Y
35.4%