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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies7
  • 7D0.9%
  • 3M8.7%
  • 1Y14.9%
  • YTDn/a

In the last week, the Diversified Banks industry is up 1.5%, with DNB Bank up 1.0%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 2.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Aug 2026NOK 522.5bNOK 111.2bNOK 46.7b12.5x11.2x4.7x
Mon, 06 Jul 2026NOK 505.7bNOK 111.3bNOK 47.5b10.7x10.6x4.5x
Wed, 03 Jun 2026NOK 485.6bNOK 111.3bNOK 47.5b10.6x10.2x4.4x
Fri, 01 May 2026NOK 484.8bNOK 110.3bNOK 47.4b11.2x10.2x4.4x
Sun, 29 Mar 2026NOK 495.0bNOK 110.7bNOK 48.5b10.4x10.2x4.5x
Tue, 24 Feb 2026NOK 522.5bNOK 110.7bNOK 48.5b11.4x10.8x4.7x
Thu, 22 Jan 2026NOK 480.8bNOK 107.6bNOK 49.0b10.4x9.8x4.5x
Sat, 20 Dec 2025NOK 489.1bNOK 108.4bNOK 49.2b11x9.9x4.5x
Mon, 17 Nov 2025NOK 446.3bNOK 108.4bNOK 49.2b9.6x9.1x4.1x
Wed, 15 Oct 2025NOK 464.1bNOK 108.0bNOK 50.7b9.8x9.2x4.3x
Fri, 12 Sep 2025NOK 452.2bNOK 108.0bNOK 50.7b10x8.9x4.2x
Sun, 10 Aug 2025NOK 451.9bNOK 106.7bNOK 50.8b9.3x8.9x4.2x
Tue, 08 Jul 2025NOK 475.5bNOK 105.5bNOK 50.3b10.3x9.4x4.5x
Thu, 05 Jun 2025NOK 465.5bNOK 105.5bNOK 50.3b10x9.2x4.4x
Sat, 03 May 2025NOK 451.2bNOK 107.7bNOK 50.4b9.8x8.9x4.2x
Mon, 31 Mar 2025NOK 471.9bNOK 107.5bNOK 50.4b9.8x9.4x4.4x
Wed, 26 Feb 2025NOK 438.6bNOK 107.5bNOK 53.2b9.5x8.2x4.1x
Fri, 24 Jan 2025NOK 415.2bNOK 104.4bNOK 47.6b8.8x8.7x4x
Sun, 22 Dec 2024NOK 387.9bNOK 104.7bNOK 47.7b8.4x8.1x3.7x
Tue, 19 Nov 2024NOK 395.3bNOK 104.7bNOK 47.7b8.3x8.3x3.8x
Thu, 17 Oct 2024NOK 375.2bNOK 100.6bNOK 44.8b9.2x8.4x3.7x
Sat, 14 Sep 2024NOK 364.1bNOK 100.6bNOK 44.8b8.9x8.1x3.6x
Mon, 12 Aug 2024NOK 362.5bNOK 100.0bNOK 45.1b8.4x8x3.6x
Wed, 10 Jul 2024NOK 347.0bNOK 98.0bNOK 43.3b8.7x8x3.5x
Fri, 07 Jun 2024NOK 355.7bNOK 98.0bNOK 43.6b8.1x8.2x3.6x
Sun, 05 May 2024NOK 343.9bNOK 97.2bNOK 42.9b8.8x8x3.5x
Tue, 02 Apr 2024NOK 369.3bNOK 97.6bNOK 43.3b8.5x8.5x3.8x
Thu, 29 Feb 2024NOK 364.2bNOK 97.6bNOK 43.3b8.8x8.4x3.7x
Sat, 27 Jan 2024NOK 370.0bNOK 95.8bNOK 43.2b9.4x8.6x3.9x
Mon, 25 Dec 2023NOK 365.0bNOK 95.8bNOK 43.2b9x8.5x3.8x
Wed, 22 Nov 2023NOK 355.6bNOK 95.8bNOK 43.2b8.7x8.2x3.7x
Fri, 20 Oct 2023NOK 361.3bNOK 91.5bNOK 40.7b9.1x8.9x4x
Sun, 17 Sep 2023NOK 379.3bNOK 91.5bNOK 40.7b9.3x9.3x4.1x
Tue, 15 Aug 2023NOK 369.2bNOK 91.2bNOK 40.7b9.2x9.1x4x
Price to Earnings Ratio

9.1x


Total Market Cap: NOK 369.2bTotal Earnings: NOK 40.7bTotal Revenue: NOK 91.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 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 11.2x which is higher than its 3-year average PE of 9.0x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 4.7% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market0.25%
Financials0.99%
Banks0.89%
Diversified Banks0.93%
Regional Banks0.76%
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 308.201.0%
+NOK 4.6b		16.0%PB1.6x
SBNOR Sparebanken NorgeNOK 199.141.3%
+NOK 443.5m		25.6%PB0.7x
PARB Pareto BankNOK 62.201.1%
+NOK 53.7m		-34.2%PB0.9x
RING SpareBank 1 Ringerike HadelandNOK 440.000.5%
+NOK 33.3m		14.9%PB1.5x
BIEN Bien SparebankNOK 145.001.4%
+NOK 11.4m		4.3%PB1.1x

Latest News

PARB
NOK 62.20
Pareto Bank
7D
1.1%
1Y
-34.2%
DNB
NOK 308.20
DNB Bank
7D
1.0%
1Y
16.0%
Analysis Article • Jul 17

Analyst Estimates: Here's What Brokers Think Of DNB Bank ASA (OB:DNB) After Its Second-Quarter Report

The quarterly results for DNB Bank ASA ( OB:DNB ) were released last week, making it a good time to revisit its...
SPOG
NOK 72.60
Sparebanken Øst
7D
0.1%
1Y
-2.6%
Analysis Article • Jul 17

Sparebanken Øst Just Recorded A 5.0% Revenue Beat: Here's What Analysts Think

Sparebanken Øst ( OB:SPOG ) just released its latest quarterly results and things are looking bullish. Results were...
SPOL
NOK 191.90
SpareBank 1 Østlandet
7D
-1.4%
1Y
2.7%
Narrative Update • Jun 23

SPOL: Dividend Profile And Steady Assumptions Will Support A Balanced Outlook

Analysts have kept their price target for SpareBank 1 Østlandet steady at NOK 205, citing only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view of the stock. What's in the News No recent company specific news items for SpareBank 1 Østlandet were identified in the provided sources.
SBNOR
NOK 199.14
Sparebanken Norge
7D
1.3%
1Y
25.6%
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...
RING
NOK 440.00
SpareBank 1 Ringerike Hadeland
7D
0.5%
1Y
14.9%
BIEN
NOK 145.00
Bien Sparebank
7D
1.4%
1Y
4.3%