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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies7
  • 7D1.9%
  • 3M8.8%
  • 1Y21.7%
  • YTDn/a

In the last week, the Diversified Banks industry is up 1.9%, with Sparebanken Norge up 1.8%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 1.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026NOK 530.8bNOK 110.7bNOK 48.4b11.5x11x4.8x
Sat, 14 Mar 2026NOK 502.4bNOK 110.7bNOK 48.5b11.5x10.4x4.5x
Mon, 09 Feb 2026NOK 499.8bNOK 108.8bNOK 48.0b10.7x10.4x4.6x
Wed, 07 Jan 2026NOK 485.8bNOK 108.4bNOK 49.2b11.3x9.9x4.5x
Fri, 05 Dec 2025NOK 455.4bNOK 108.4bNOK 49.2b9.8x9.2x4.2x
Sun, 02 Nov 2025NOK 439.7bNOK 107.2bNOK 49.1b9.9x9x4.1x
Tue, 30 Sep 2025NOK 463.3bNOK 108.0bNOK 50.7b10.1x9.1x4.3x
Thu, 28 Aug 2025NOK 455.5bNOK 108.0bNOK 50.7b10.3x9x4.2x
Sat, 26 Jul 2025NOK 444.2bNOK 106.4bNOK 50.2b10.6x8.9x4.2x
Mon, 23 Jun 2025NOK 467.9bNOK 105.5bNOK 50.3b9.6x9.3x4.4x
Wed, 21 May 2025NOK 467.2bNOK 105.4bNOK 50.3b9.6x9.3x4.4x
Fri, 18 Apr 2025NOK 445.0bNOK 107.5bNOK 50.4b9.3x8.8x4.1x
Sun, 16 Mar 2025NOK 463.0bNOK 107.5bNOK 50.4b9.8x9.2x4.3x
Tue, 11 Feb 2025NOK 414.4bNOK 106.9bNOK 51.7b8.9x8x3.9x
Thu, 09 Jan 2025NOK 395.8bNOK 104.4bNOK 47.6b8.5x8.3x3.8x
Sat, 07 Dec 2024NOK 390.1bNOK 104.7bNOK 47.7b8.2x8.2x3.7x
Mon, 04 Nov 2024NOK 396.5bNOK 103.3bNOK 47.0b9x8.4x3.8x
Wed, 02 Oct 2024NOK 359.7bNOK 100.6bNOK 44.8b8.9x8x3.6x
Fri, 30 Aug 2024NOK 377.1bNOK 100.6bNOK 44.8b8.9x8.4x3.8x
Sun, 28 Jul 2024NOK 374.9bNOK 99.7bNOK 44.5b8.8x8.4x3.8x
Tue, 25 Jun 2024NOK 355.8bNOK 98.0bNOK 43.3b8.4x8.2x3.6x
Thu, 23 May 2024NOK 352.2bNOK 97.4bNOK 43.1b8x8.2x3.6x
Sat, 20 Apr 2024NOK 364.3bNOK 97.6bNOK 43.3b8.7x8.4x3.7x
Mon, 18 Mar 2024NOK 361.0bNOK 97.6bNOK 43.3b8.9x8.3x3.7x
Wed, 14 Feb 2024NOK 350.0bNOK 97.6bNOK 43.3b9.3x8.1x3.6x
Fri, 12 Jan 2024NOK 370.2bNOK 95.8bNOK 43.2b9.5x8.6x3.9x
Sun, 10 Dec 2023NOK 361.7bNOK 95.8bNOK 43.2b8.7x8.4x3.8x
Tue, 07 Nov 2023NOK 347.0bNOK 95.7bNOK 43.1b9x8.1x3.6x
Thu, 05 Oct 2023NOK 372.6bNOK 91.5bNOK 40.7b9.1x9.2x4.1x
Sat, 02 Sep 2023NOK 367.1bNOK 91.2bNOK 40.6b9.3x9x4x
Mon, 31 Jul 2023NOK 364.1bNOK 90.6bNOK 40.5b9.4x9x4x
Wed, 28 Jun 2023NOK 339.9bNOK 87.8bNOK 39.0b9.1x8.7x3.9x
Fri, 26 May 2023NOK 326.0bNOK 87.7bNOK 39.0b8.2x8.4x3.7x
Sun, 23 Apr 2023NOK 350.2bNOK 82.1bNOK 35.8b10.2x9.8x4.3x
Price to Earnings Ratio

9.8x


Total Market Cap: NOK 350.2bTotal 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 11.0x 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 4.8x.
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-0.40%
Financials1.59%
Banks1.77%
Diversified Banks1.86%
Regional Banks1.45%
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
SBNOR Sparebanken NorgeNOK 209.251.8%
+NOK 649.6m		56.1%PB0.7x
SPOL SpareBank 1 ØstlandetNOK 207.551.2%
+NOK 346.4m		28.9%PB1x
RING SpareBank 1 Ringerike HadelandNOK 444.100.1%
+NOK 9.4m		25.8%PB1.3x

Latest News

DNB
NOK 306.20
DNB Bank
7D
-0.7%
1Y
17.8%
SPOL
NOK 207.55
SpareBank 1 Østlandet
7D
1.2%
1Y
28.9%

SPOL: Dividend Payout And Stable Earnings Assumptions Will Shape A Balanced Outlook

Analysts kept the price target for SpareBank 1 Østlandet broadly unchanged at around NOK 207, reflecting stable assumptions on the discount rate, revenue growth, profit margin and future P/E, with only minor model refinements. What's in the News SpareBank 1 Østlandet announced an annual dividend of NOK 12.70 per share, scheduled for payment on April 8, 2026.
PARB
NOK 77.40
Pareto Bank
7D
-11.5%
1Y
5.6%
SPOG
NOK 79.53
Sparebanken Øst
7D
-1.8%
1Y
7.5%
SBNOR
NOK 209.25
Sparebanken Norge
7D
1.8%
1Y
56.1%
RING
NOK 444.10
SpareBank 1 Ringerike Hadeland
7D
0.1%
1Y
25.8%