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Norwegian (OSEAX) Diversified Banks Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies9
- 7D-0.8%
- 3M-2.0%
- 1Y12.7%
- YTDn/a
The Diversified Banks is pretty flat in the last 7 days, but Sparebanken Vest has stood out, gaining 5.4%. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are forecast to decline by 3.0% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | kr361.4b | kr97.1b | kr42.9b | 8.7x | 8.4x | 3.7x |
| Sun, 24 Mar 2024 | kr365.3b | kr97.6b | kr43.3b | 8.4x | 8.4x | 3.7x |
| Tue, 20 Feb 2024 | kr357.5b | kr97.6b | kr43.3b | 8.8x | 8.3x | 3.7x |
| Thu, 18 Jan 2024 | kr358.2b | kr95.8b | kr43.2b | 9.2x | 8.3x | 3.7x |
| Sat, 16 Dec 2023 | kr365.1b | kr95.8b | kr43.2b | 9x | 8.5x | 3.8x |
| Mon, 13 Nov 2023 | kr348.8b | kr95.7b | kr43.2b | 9x | 8.1x | 3.6x |
| Wed, 11 Oct 2023 | kr375.7b | kr91.5b | kr40.7b | 9.4x | 9.2x | 4.1x |
| Fri, 08 Sep 2023 | kr365.5b | kr91.2b | kr40.6b | 9.1x | 9x | 4x |
| Sun, 06 Aug 2023 | kr364.5b | kr90.6b | kr40.5b | 9.5x | 9x | 4x |
| Tue, 04 Jul 2023 | kr355.0b | kr87.8b | kr39.0b | 9.4x | 9.1x | 4x |
| Thu, 01 Jun 2023 | kr327.9b | kr87.8b | kr39.0b | 8.7x | 8.4x | 3.7x |
| Sat, 29 Apr 2023 | kr331.1b | kr82.1b | kr35.8b | 10.3x | 9.2x | 4x |
| Mon, 27 Mar 2023 | kr318.7b | kr82.1b | kr35.8b | 9.4x | 8.9x | 3.9x |
| Wed, 22 Feb 2023 | kr352.0b | kr82.1b | kr35.7b | 10.1x | 9.8x | 4.3x |
| Fri, 20 Jan 2023 | kr322.9b | kr78.7b | kr31.8b | 10.2x | 10.2x | 4.1x |
| Sun, 18 Dec 2022 | kr326.8b | kr78.7b | kr31.8b | 10.3x | 10.3x | 4.2x |
| Tue, 15 Nov 2022 | kr327.3b | kr78.8b | kr31.8b | 9.7x | 10.3x | 4.2x |
| Thu, 13 Oct 2022 | kr309.5b | kr76.3b | kr30.6b | 9.7x | 10.1x | 4.1x |
| Sat, 10 Sep 2022 | kr318.8b | kr76.3b | kr30.6b | 10.1x | 10.4x | 4.2x |
| Mon, 08 Aug 2022 | kr341.4b | kr76.5b | kr30.7b | 10.4x | 11.1x | 4.5x |
| Wed, 06 Jul 2022 | kr317.2b | kr74.4b | kr29.4b | 9.5x | 10.8x | 4.3x |
| Fri, 03 Jun 2022 | kr334.9b | kr72.1b | kr27.9b | 10.5x | 12x | 4.6x |
| Sun, 01 May 2022 | kr337.5b | kr73.5b | kr28.5b | 11.5x | 11.9x | 4.6x |
| Tue, 29 Mar 2022 | kr372.4b | kr73.5b | kr28.5b | 12.1x | 13.1x | 5.1x |
| Thu, 24 Feb 2022 | kr394.5b | kr76.4b | kr30.3b | 11.9x | 13x | 5.2x |
| Sat, 22 Jan 2022 | kr406.8b | kr74.1b | kr29.8b | 12.1x | 13.6x | 5.5x |
| Mon, 20 Dec 2021 | kr70.7b | kr19.7b | kr6.4b | 11.3x | 11x | 3.6x |
| Wed, 17 Nov 2021 | kr404.1b | kr70.7b | kr28.7b | 11.6x | 14.1x | 5.7x |
| Fri, 15 Oct 2021 | kr393.3b | kr68.6b | kr27.5b | 11x | 14.3x | 5.7x |
| Sun, 12 Sep 2021 | kr361.6b | kr68.6b | kr27.5b | 10.4x | 13.1x | 5.3x |
| Tue, 10 Aug 2021 | kr360.4b | kr68.6b | kr27.5b | 10.5x | 13.1x | 5.3x |
| Mon, 03 May 2021 | kr64.3b | kr19.7b | kr6.6b | 9.7x | 9.7x | 3.3x |
Price to Earnings Ratio
9.7x
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 8.4x which is lower than its 3-year average PE of 10.4x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 87% per year over the last three years.
- Revenues for these companies have grown 70% 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 | 0.94% | |
| Financials | 1.64% | |
| Banks | -0.69% | |
| Diversified Banks | -0.77% | |
| Regional Banks | -0.43% | |
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 | kr124.30 | 4.6% +kr596.7m | 24.4% | PB0.6x | |
| SPOL SpareBank 1 Østlandet | kr131.24 | 2.9% +kr430.9m | 4.7% | PB0.7x | |
| PARB Pareto Bank | kr58.40 | 4.7% +kr199.6m | 12.5% | PB0.9x | |
| RING SpareBank 1 Ringerike Hadeland | kr300.00 | 0.7% +kr31.3m | -8.0% | PB1x | |
| MOBA Morrow Bank | kr4.19 | 1.0% +kr9.2m | -19.4% | PB0.4x |
