Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies7
  • 7D1.0%
  • 3M-1.3%
  • 1Y27.8%
  • YTDn/a

In the last week, Diversified Banks has been flat. As for the the longer term, the industry is up 28% over the past 12 months. Looking forward, earnings are forecast to decline by 3.4% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Sep 2025NOK 463.5bNOK 108.0bNOK 50.7b10.2x9.1x4.3x
Tue, 26 Aug 2025NOK 466.4bNOK 108.0bNOK 50.7b10.2x9.2x4.3x
Thu, 24 Jul 2025NOK 442.4bNOK 106.3bNOK 50.1b10.7x8.8x4.2x
Sat, 21 Jun 2025NOK 467.9bNOK 105.5bNOK 50.3b9.6x9.3x4.4x
Mon, 19 May 2025NOK 462.3bNOK 105.4bNOK 50.3b9.5x9.2x4.4x
Wed, 16 Apr 2025NOK 446.0bNOK 107.5bNOK 50.4b9.4x8.9x4.1x
Fri, 14 Mar 2025NOK 458.0bNOK 107.5bNOK 50.4b9.6x9.1x4.3x
Sun, 09 Feb 2025NOK 414.0bNOK 106.9bNOK 51.7b8.8x8x3.9x
Tue, 07 Jan 2025NOK 396.6bNOK 104.4bNOK 47.6b8.5x8.3x3.8x
Thu, 05 Dec 2024NOK 399.8bNOK 104.7bNOK 47.7b8.4x8.4x3.8x
Sat, 02 Nov 2024NOK 396.5bNOK 103.3bNOK 46.7b9.1x8.5x3.8x
Mon, 30 Sep 2024NOK 364.0bNOK 100.6bNOK 44.8b8.8x8.1x3.6x
Wed, 28 Aug 2024NOK 375.4bNOK 100.6bNOK 44.8b8.7x8.4x3.7x
Fri, 26 Jul 2024NOK 372.4bNOK 99.7bNOK 44.5b8.7x8.4x3.7x
Sun, 23 Jun 2024NOK 352.0bNOK 98.0bNOK 43.3b8.4x8.1x3.6x
Tue, 21 May 2024NOK 354.8bNOK 97.3bNOK 43.0b8.1x8.2x3.6x
Thu, 18 Apr 2024NOK 366.0bNOK 97.6bNOK 43.3b8.6x8.5x3.7x
Sat, 16 Mar 2024NOK 361.0bNOK 97.6bNOK 43.3b8.9x8.3x3.7x
Mon, 12 Feb 2024NOK 348.5bNOK 97.5bNOK 44.3b8.6x7.9x3.6x
Wed, 10 Jan 2024NOK 371.9bNOK 95.8bNOK 43.2b9.6x8.6x3.9x
Fri, 08 Dec 2023NOK 366.8bNOK 95.8bNOK 43.2b8.7x8.5x3.8x
Sun, 05 Nov 2023NOK 346.9bNOK 95.7bNOK 43.1b9x8x3.6x
Tue, 03 Oct 2023NOK 373.8bNOK 91.5bNOK 40.7b9.2x9.2x4.1x
Thu, 31 Aug 2023NOK 367.2bNOK 91.2bNOK 40.6b9.2x9x4x
Sat, 29 Jul 2023NOK 364.2bNOK 90.6bNOK 40.5b9.4x9x4x
Mon, 26 Jun 2023NOK 336.7bNOK 87.8bNOK 39.0b9x8.6x3.8x
Wed, 24 May 2023NOK 331.6bNOK 87.7bNOK 39.0b8.3x8.5x3.8x
Fri, 21 Apr 2023NOK 353.6bNOK 82.1bNOK 35.8b10.2x9.9x4.3x
Sun, 19 Mar 2023NOK 325.2bNOK 82.1bNOK 35.8b9.6x9.1x4x
Tue, 14 Feb 2023NOK 338.9bNOK 82.1bNOK 36.6b9.4x9.3x4.1x
Thu, 12 Jan 2023NOK 335.7bNOK 78.7bNOK 31.8b10.6x10.6x4.3x
Sat, 10 Dec 2022NOK 325.3bNOK 78.7bNOK 31.8b10.3x10.2x4.1x
Mon, 07 Nov 2022NOK 321.0bNOK 78.8bNOK 31.8b9.7x10.1x4.1x
Wed, 05 Oct 2022NOK 313.6bNOK 76.3bNOK 30.6b9.8x10.2x4.1x
Price to Earnings Ratio

10.2x


Total Market Cap: NOK 313.6bTotal Earnings: NOK 30.6bTotal Revenue: NOK 76.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 8.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Diversified Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market1.34%
Financials0.58%
Banks0.59%
Diversified Banks0.98%
Regional Banks-0.65%
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 273.001.1%
+NOK 3.9b		26.3%PB1.5x
MOBA Morrow BankNOK 15.107.9%
+NOK 254.4m		151.7%PB1.4x
SBNOR Sparebanken NorgeNOK 175.860.5%
+NOK 105.3m		41.5%PB0.4x
RING SpareBank 1 Ringerike HadelandNOK 398.000.8%
+NOK 47.0m		32.6%PB1.2x

Latest News

SPOL
NOK 187.30
SpareBank 1 Østlandet
7D
-0.4%
1Y
30.3%

Here's Why SpareBank 1 Østlandet (OB:SPOL) Has Caught The Eye Of Investors

Sep 11
Here's Why SpareBank 1 Østlandet (OB:SPOL) Has Caught The Eye Of Investors
DNB
NOK 273.00
DNB Bank
7D
1.1%
1Y
26.3%

Norwegian And European Low Rates Will Erode Net Margins

Analysts remain cautious on DNB Bank due to ongoing macroeconomic uncertainties and moderated interest rate expectations, balancing slightly improved capital and fee income outlooks, resulting in an unchanged consensus price target at NOK269.57. Analyst Commentary Mixed adjustments reflect shifting sentiment after recent earnings, with some analysts citing modestly improved outlooks while others remain cautious on sector fundamentals.
MOBA
NOK 15.10
Morrow Bank
7D
7.9%
1Y
151.7%
SPOG
NOK 74.20
Sparebanken Øst
7D
-0.1%
1Y
27.0%
PARB
NOK 90.00
Pareto Bank
7D
-1.1%
1Y
37.4%
RING
NOK 398.00
SpareBank 1 Ringerike Hadeland
7D
0.8%
1Y
32.6%
SBNOR
NOK 175.86
Sparebanken Norge
7D
0.5%
1Y
41.5%