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Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.9%
  • 3M-3.7%
  • 1Y8.0%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has remained flat, although notably SpareBank 1 Østlandet declined by 6.2%. The past year has been better, since the industry has gained 8.0% in that time. Looking forward, earnings are forecast to grow by 1.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026NOK 480.6bNOK 111.4bNOK 47.9b10.5x10x4.3x
Tue, 07 Apr 2026NOK 520.4bNOK 110.7bNOK 48.4b11x10.8x4.7x
Thu, 05 Mar 2026NOK 516.2bNOK 110.7bNOK 48.5b11.7x10.6x4.7x
Sat, 31 Jan 2026NOK 477.0bNOK 107.6bNOK 49.0b10.3x9.7x4.4x
Mon, 29 Dec 2025NOK 491.4bNOK 108.4bNOK 49.2b11x10x4.5x
Wed, 26 Nov 2025NOK 451.6bNOK 108.4bNOK 49.2b9.7x9.2x4.2x
Fri, 24 Oct 2025NOK 443.8bNOK 107.2bNOK 49.7b10.1x8.9x4.1x
Sun, 21 Sep 2025NOK 459.4bNOK 108.0bNOK 50.7b10.2x9.1x4.3x
Tue, 19 Aug 2025NOK 454.4bNOK 108.0bNOK 50.7b10.4x9x4.2x
Thu, 17 Jul 2025NOK 445.1bNOK 106.3bNOK 50.4b9.6x8.8x4.2x
Sat, 14 Jun 2025NOK 470.4bNOK 105.5bNOK 50.3b9.7x9.3x4.5x
Mon, 12 May 2025NOK 444.5bNOK 105.5bNOK 50.3b9.5x8.8x4.2x
Wed, 09 Apr 2025NOK 420.1bNOK 107.5bNOK 50.4b9.1x8.3x3.9x
Fri, 07 Mar 2025NOK 449.9bNOK 107.5bNOK 53.2b9.3x8.5x4.2x
Sun, 02 Feb 2025NOK 416.3bNOK 104.4bNOK 47.6b9.1x8.7x4x
Tue, 31 Dec 2024NOK 393.4bNOK 104.7bNOK 47.7b8.7x8.2x3.8x
Thu, 28 Nov 2024NOK 395.8bNOK 104.7bNOK 47.7b8.3x8.3x3.8x
Sat, 26 Oct 2024NOK 395.5bNOK 103.2bNOK 46.7b9.4x8.5x3.8x
Mon, 23 Sep 2024NOK 365.7bNOK 100.6bNOK 44.8b8.7x8.2x3.6x
Wed, 21 Aug 2024NOK 372.8bNOK 100.6bNOK 44.8b8.8x8.3x3.7x
Fri, 19 Jul 2024NOK 366.7bNOK 99.7bNOK 44.5b8.5x8.2x3.7x
Sun, 16 Jun 2024NOK 357.2bNOK 98.0bNOK 43.4b8.4x8.2x3.6x
Tue, 14 May 2024NOK 360.1bNOK 97.3bNOK 43.0b8.2x8.4x3.7x
Thu, 11 Apr 2024NOK 377.1bNOK 97.6bNOK 43.3b8.9x8.7x3.9x
Sat, 09 Mar 2024NOK 365.8bNOK 97.6bNOK 43.3b8.8x8.4x3.7x
Mon, 05 Feb 2024NOK 358.9bNOK 97.5bNOK 45.5b8.6x7.9x3.7x
Wed, 03 Jan 2024NOK 367.3bNOK 95.8bNOK 43.2b9.3x8.5x3.8x
Fri, 01 Dec 2023NOK 357.0bNOK 95.8bNOK 43.2b8.6x8.3x3.7x
Sun, 29 Oct 2023NOK 348.5bNOK 95.6bNOK 43.9b8.8x7.9x3.6x
Tue, 26 Sep 2023NOK 374.6bNOK 91.5bNOK 40.7b9.3x9.2x4.1x
Thu, 24 Aug 2023NOK 365.0bNOK 91.2bNOK 40.6b9.1x9x4x
Sat, 22 Jul 2023NOK 362.4bNOK 90.6bNOK 40.5b9.4x9x4x
Mon, 19 Jun 2023NOK 343.9bNOK 87.8bNOK 39.0b9.1x8.8x3.9x
Wed, 17 May 2023NOK 325.7bNOK 87.7bNOK 39.1b8.4x8.3x3.7x
Price to Earnings Ratio

8.3x


Total Market Cap: NOK 325.7bTotal Earnings: NOK 39.1bTotal Revenue: NOK 87.7bTotal 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 10.0x which is higher than its 3-year average PE of 8.8x.
  • 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 7.0% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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-2.98%
Financials-1.80%
Banks-1.68%
Diversified Banks-0.88%
Regional Banks-4.16%
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
BIEN Bien SparebankNOK 159.001.3%
+NOK 11.4m		13.6%PB1.2x

Latest News

SBNOR
NOK 192.00
Sparebanken Norge
7D
-4.6%
1Y
37.5%
PARB
NOK 64.90
Pareto Bank
7D
-3.1%
1Y
-17.2%
DNB
NOK 280.10
DNB Bank
7D
-0.2%
1Y
6.4%
SPOL
NOK 190.96
SpareBank 1 Østlandet
7D
-6.2%
1Y
8.6%
Narrative Update • Apr 25

SPOL: Dividend Timeline And Stable Assumptions Will Shape A Balanced Outlook

Analysts have kept the SpareBank 1 Østlandet price target steady at NOK 206.67, with slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E supporting an unchanged view on fair value. What's in the News SpareBank 1 Østlandet announced an annual dividend of NOK 12.70 per share.
SPOG
NOK 75.78
Sparebanken Øst
7D
-4.3%
1Y
3.8%
BIEN
NOK 159.00
Bien Sparebank
7D
1.3%
1Y
13.6%
RING
NOK 439.00
SpareBank 1 Ringerike Hadeland
7D
-0.2%
1Y
18.2%