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Norwegian (OSEAX) Diversified Banks Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies6
- 7D4.6%
- 3M12.1%
- 1Y22.0%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 1.3%, driven by DNB Bank declining 1.4%. Over the past 12 months, the industry was up 17%. Looking forward, earnings are forecast to decline by 1.5% 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | NOK 499.8b | NOK 108.8b | NOK 48.0b | 10.7x | 10.4x | 4.6x |
| Mon, 05 Jan 2026 | NOK 494.2b | NOK 108.4b | NOK 49.2b | 11.4x | 10x | 4.6x |
| Wed, 03 Dec 2025 | NOK 464.5b | NOK 108.4b | NOK 49.2b | 10x | 9.4x | 4.3x |
| Fri, 31 Oct 2025 | NOK 442.6b | NOK 107.2b | NOK 49.3b | 9.8x | 9x | 4.1x |
| Sun, 28 Sep 2025 | NOK 463.5b | NOK 108.0b | NOK 50.7b | 10.2x | 9.1x | 4.3x |
| Tue, 26 Aug 2025 | NOK 466.4b | NOK 108.0b | NOK 50.7b | 10.2x | 9.2x | 4.3x |
| Thu, 24 Jul 2025 | NOK 442.4b | NOK 106.3b | NOK 50.1b | 10.7x | 8.8x | 4.2x |
| Sat, 21 Jun 2025 | NOK 467.9b | NOK 105.5b | NOK 50.3b | 9.6x | 9.3x | 4.4x |
| Mon, 19 May 2025 | NOK 462.3b | NOK 105.4b | NOK 50.3b | 9.5x | 9.2x | 4.4x |
| Wed, 16 Apr 2025 | NOK 446.0b | NOK 107.5b | NOK 50.4b | 9.4x | 8.9x | 4.1x |
| Fri, 14 Mar 2025 | NOK 458.0b | NOK 107.5b | NOK 50.4b | 9.6x | 9.1x | 4.3x |
| Sun, 09 Feb 2025 | NOK 414.0b | NOK 106.9b | NOK 51.7b | 8.8x | 8x | 3.9x |
| Tue, 07 Jan 2025 | NOK 396.6b | NOK 104.4b | NOK 47.6b | 8.5x | 8.3x | 3.8x |
| Thu, 05 Dec 2024 | NOK 399.8b | NOK 104.7b | NOK 47.7b | 8.4x | 8.4x | 3.8x |
| Sat, 02 Nov 2024 | NOK 396.5b | NOK 103.3b | NOK 46.7b | 9.1x | 8.5x | 3.8x |
| Mon, 30 Sep 2024 | NOK 364.0b | NOK 100.6b | NOK 44.8b | 8.8x | 8.1x | 3.6x |
| Wed, 28 Aug 2024 | NOK 375.4b | NOK 100.6b | NOK 44.8b | 8.7x | 8.4x | 3.7x |
| Fri, 26 Jul 2024 | NOK 372.4b | NOK 99.7b | NOK 44.5b | 8.7x | 8.4x | 3.7x |
| Sun, 23 Jun 2024 | NOK 352.0b | NOK 98.0b | NOK 43.3b | 8.4x | 8.1x | 3.6x |
| Tue, 21 May 2024 | NOK 354.8b | NOK 97.3b | NOK 43.0b | 8.1x | 8.2x | 3.6x |
| Thu, 18 Apr 2024 | NOK 366.0b | NOK 97.6b | NOK 43.3b | 8.6x | 8.5x | 3.7x |
| Sat, 16 Mar 2024 | NOK 361.0b | NOK 97.6b | NOK 43.3b | 8.9x | 8.3x | 3.7x |
| Mon, 12 Feb 2024 | NOK 348.5b | NOK 97.5b | NOK 44.3b | 8.6x | 7.9x | 3.6x |
| Wed, 10 Jan 2024 | NOK 371.9b | NOK 95.8b | NOK 43.2b | 9.6x | 8.6x | 3.9x |
| Fri, 08 Dec 2023 | NOK 366.8b | NOK 95.8b | NOK 43.2b | 8.7x | 8.5x | 3.8x |
| Sun, 05 Nov 2023 | NOK 346.9b | NOK 95.7b | NOK 43.1b | 9x | 8x | 3.6x |
| Tue, 03 Oct 2023 | NOK 373.8b | NOK 91.5b | NOK 40.7b | 9.2x | 9.2x | 4.1x |
| Thu, 31 Aug 2023 | NOK 367.2b | NOK 91.2b | NOK 40.6b | 9.2x | 9x | 4x |
| Sat, 29 Jul 2023 | NOK 364.2b | NOK 90.6b | NOK 40.5b | 9.4x | 9x | 4x |
| Mon, 26 Jun 2023 | NOK 336.7b | NOK 87.8b | NOK 39.0b | 9x | 8.6x | 3.8x |
| Wed, 24 May 2023 | NOK 331.6b | NOK 87.7b | NOK 39.0b | 8.3x | 8.5x | 3.8x |
| Fri, 21 Apr 2023 | NOK 353.6b | NOK 82.1b | NOK 35.8b | 10.2x | 9.9x | 4.3x |
| Sun, 19 Mar 2023 | NOK 325.2b | NOK 82.1b | NOK 35.8b | 9.6x | 9.1x | 4x |
| Tue, 14 Feb 2023 | NOK 338.9b | NOK 82.1b | NOK 36.6b | 9.4x | 9.3x | 4.1x |
Price to Earnings Ratio
9.3x
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 9.7x 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 4.4x.
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 Market | 2.65% | |
| Financials | 3.63% | |
| Banks | 4.22% | |
| Diversified Banks | 4.63% | |
| Regional Banks | 2.95% | |
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 | |
|---|---|---|---|---|---|
| DNB DNB Bank | NOK 290.30 | 4.9% +NOK 19.8b | 20.9% | PB1.4x | |
| SPOL SpareBank 1 Østlandet | NOK 203.90 | 4.1% +NOK 1.1b | 24.0% | PB1x | |
| SBNOR Sparebanken Norge | NOK 198.24 | 3.3% +NOK 1.1b | 42.7% | PB0.7x | |
| RING SpareBank 1 Ringerike Hadeland | NOK 424.95 | 2.4% +NOK 155.7m | 16.4% | PB1.2x | |
| SPOG Sparebanken Øst | NOK 79.90 | 1.6% +NOK 25.9m | 0.4% | PB0.3x |