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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.3%
  • 3M2.1%
  • 1Y7.2%
  • YTDn/a

The Diversified Banks is pretty flat in the last 7 days, but Sparebanken Øst has stood out, gaining 4.3%. As for the the longer term, the industry is up 10% over the past 12 months. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026NOK 497.4bNOK 110.7bNOK 48.5b11.1x10.3x4.5x
Fri, 20 Feb 2026NOK 512.9bNOK 110.7bNOK 48.4b11.1x10.6x4.6x
Sun, 18 Jan 2026NOK 488.3bNOK 107.6bNOK 49.0b10.8x10x4.5x
Tue, 16 Dec 2025NOK 481.6bNOK 108.4bNOK 49.2b10.7x9.8x4.4x
Thu, 13 Nov 2025NOK 453.5bNOK 108.4bNOK 52.0b9.7x8.7x4.2x
Sat, 11 Oct 2025NOK 468.4bNOK 108.0bNOK 50.7b9.9x9.2x4.3x
Mon, 08 Sep 2025NOK 447.8bNOK 108.0bNOK 50.7b9.9x8.8x4.1x
Wed, 06 Aug 2025NOK 448.5bNOK 106.4bNOK 50.2b10.2x8.9x4.2x
Fri, 04 Jul 2025NOK 471.9bNOK 105.5bNOK 50.3b10x9.4x4.5x
Sun, 01 Jun 2025NOK 462.4bNOK 105.5bNOK 50.3b10x9.2x4.4x
Tue, 29 Apr 2025NOK 457.9bNOK 107.5bNOK 50.4b9.6x9.1x4.3x
Thu, 27 Mar 2025NOK 480.3bNOK 107.5bNOK 50.4b10.2x9.5x4.5x
Sat, 22 Feb 2025NOK 435.9bNOK 107.5bNOK 53.2b9.5x8.2x4.1x
Mon, 20 Jan 2025NOK 409.9bNOK 104.4bNOK 47.6b8.7x8.6x3.9x
Wed, 18 Dec 2024NOK 395.1bNOK 104.7bNOK 47.7b8.4x8.3x3.8x
Fri, 15 Nov 2024NOK 393.4bNOK 104.7bNOK 47.7b8.3x8.2x3.8x
Sun, 13 Oct 2024NOK 369.9bNOK 100.6bNOK 44.8b9.1x8.3x3.7x
Tue, 10 Sep 2024NOK 365.0bNOK 100.6bNOK 44.8b9x8.1x3.6x
Thu, 08 Aug 2024NOK 363.7bNOK 99.7bNOK 44.5b8.7x8.2x3.6x
Sat, 06 Jul 2024NOK 355.0bNOK 98.0bNOK 43.3b8.7x8.2x3.6x
Mon, 03 Jun 2024NOK 358.2bNOK 98.0bNOK 43.6b8.2x8.2x3.7x
Wed, 01 May 2024NOK 340.3bNOK 97.2bNOK 42.9b8.8x7.9x3.5x
Fri, 29 Mar 2024NOK 369.3bNOK 97.6bNOK 43.3b8.5x8.5x3.8x
Sun, 25 Feb 2024NOK 357.7bNOK 97.6bNOK 43.3b8.6x8.3x3.7x
Tue, 23 Jan 2024NOK 371.8bNOK 95.8bNOK 43.2b9.2x8.6x3.9x
Thu, 21 Dec 2023NOK 363.7bNOK 95.8bNOK 43.2b9x8.4x3.8x
Sat, 18 Nov 2023NOK 353.3bNOK 95.8bNOK 43.2b8.7x8.2x3.7x
Mon, 16 Oct 2023NOK 379.6bNOK 91.5bNOK 40.7b9.5x9.3x4.2x
Wed, 13 Sep 2023NOK 370.1bNOK 91.5bNOK 40.7b9.2x9.1x4x
Fri, 11 Aug 2023NOK 369.2bNOK 90.9bNOK 40.8b8.7x9.1x4.1x
Sun, 09 Jul 2023NOK 349.6bNOK 87.8bNOK 39.0b9.3x9x4x
Tue, 06 Jun 2023NOK 336.0bNOK 87.8bNOK 39.0b8.8x8.6x3.8x
Thu, 04 May 2023NOK 331.8bNOK 87.1bNOK 38.7b10.2x8.6x3.8x
Sat, 01 Apr 2023NOK 330.0bNOK 82.1bNOK 35.8b9.6x9.2x4x
Price to Earnings Ratio

9.2x


Total Market Cap: NOK 330.0bTotal Earnings: NOK 35.8bTotal Revenue: NOK 82.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 8.8x202420252026
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 10.4x 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 4.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 10% 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-0.33%
Financials-2.36%
Banks-1.10%
Diversified Banks-1.35%
Regional Banks-0.33%
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
SPOG Sparebanken ØstNOK 86.694.3%
+NOK 73.6m		6.4%PB0.4x
BIEN Bien SparebankNOK 147.002.8%
+NOK 22.7m		-13.0%PB1.1x

Latest News

DNB
NOK 288.60
DNB Bank
7D
-1.3%
1Y
4.8%

DNB: Future Returns Will Depend On Execution And Dividend Capital Return Choices

Analysts have adjusted their DNB Bank price targets, with recent NOK 10 to NOK 15 upward moves from several firms set against earlier modest trims, as they refine assumptions around discount rates, profitability, and future P/E levels. Analyst Commentary Recent research shows a split view on DNB Bank, with several price target increases in the NOK 10 to NOK 15 range contrasted with at least one downgrade and a small target cut to NOK 281.
SPOG
NOK 86.69
Sparebanken Øst
7D
4.3%
1Y
6.4%
SPOL
NOK 201.70
SpareBank 1 Østlandet
7D
-1.6%
1Y
16.9%
SBNOR
NOK 197.20
Sparebanken Norge
7D
-1.6%
1Y
34.3%
BIEN
NOK 147.00
Bien Sparebank
7D
2.8%
1Y
-13.0%
RING
NOK 475.00
SpareBank 1 Ringerike Hadeland
7D
-1.7%
1Y
18.2%
PARB
NOK 82.90
Pareto Bank
7D
-1.2%
1Y
5.1%

Pareto Bank (OB:PARB) Will Pay A Larger Dividend Than Last Year At NOK8.00

Feb 10
Pareto Bank (OB:PARB) Will Pay A Larger Dividend Than Last Year At NOK8.00