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

Norwegian (OSEAX) Diversified Banks Industry Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies7
  • 7D1.7%
  • 3M7.5%
  • 1Y17.6%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has remained flat. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 2.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026NOK 535.4bNOK 111.3bNOK 46.6b12x11.5x4.8x
Thu, 20 Aug 2026NOK 521.4bNOK 111.3bNOK 46.6b11.9x11.2x4.7x
Sat, 18 Jul 2026NOK 504.4bNOK 111.4bNOK 46.8b10.8x10.8x4.5x
Mon, 15 Jun 2026NOK 495.1bNOK 111.3bNOK 47.5b10.7x10.4x4.4x
Wed, 13 May 2026NOK 474.2bNOK 111.3bNOK 47.5b10.6x10x4.3x
Fri, 10 Apr 2026NOK 527.8bNOK 110.7bNOK 48.4b11.3x10.9x4.8x
Sun, 08 Mar 2026NOK 503.4bNOK 110.7bNOK 48.5b11.5x10.4x4.5x
Tue, 03 Feb 2026NOK 484.6bNOK 107.6bNOK 49.0b10.4x9.9x4.5x
Thu, 01 Jan 2026NOK 491.8bNOK 108.4bNOK 49.2b11.4x10x4.5x
Sat, 29 Nov 2025NOK 458.1bNOK 108.4bNOK 49.5b9.2x9.2x4.2x
Mon, 27 Oct 2025NOK 442.0bNOK 107.2bNOK 49.3b10x9x4.1x
Wed, 24 Sep 2025NOK 459.3bNOK 108.0bNOK 50.7b10.3x9.1x4.3x
Fri, 22 Aug 2025NOK 466.2bNOK 108.0bNOK 50.7b10.3x9.2x4.3x
Sun, 20 Jul 2025NOK 441.9bNOK 106.3bNOK 50.1b10.1x8.8x4.2x
Tue, 17 Jun 2025NOK 476.9bNOK 105.5bNOK 50.3b9.7x9.5x4.5x
Thu, 15 May 2025NOK 450.6bNOK 105.5bNOK 50.3b9.5x8.9x4.3x
Sat, 12 Apr 2025NOK 428.5bNOK 107.5bNOK 50.4b9.1x8.5x4x
Mon, 10 Mar 2025NOK 454.5bNOK 107.5bNOK 53.2b9.4x8.5x4.2x
Wed, 05 Feb 2025NOK 411.8bNOK 104.4bNOK 47.6b9.1x8.7x3.9x
Fri, 03 Jan 2025NOK 397.1bNOK 104.7bNOK 47.7b8.7x8.3x3.8x
Sun, 01 Dec 2024NOK 395.8bNOK 104.7bNOK 47.7b8.4x8.3x3.8x
Tue, 29 Oct 2024NOK 393.2bNOK 103.2bNOK 46.7b9.4x8.4x3.8x
Thu, 26 Sep 2024NOK 359.2bNOK 100.6bNOK 44.8b8.7x8x3.6x
Sat, 24 Aug 2024NOK 376.8bNOK 100.6bNOK 44.8b8.9x8.4x3.7x
Mon, 22 Jul 2024NOK 369.0bNOK 99.7bNOK 44.5b8.5x8.3x3.7x
Wed, 19 Jun 2024NOK 361.0bNOK 98.0bNOK 43.3b8.4x8.3x3.7x
Fri, 17 May 2024NOK 354.8bNOK 97.3bNOK 43.0b8.1x8.2x3.6x
Sun, 14 Apr 2024NOK 372.1bNOK 97.6bNOK 43.3b8.7x8.6x3.8x
Tue, 12 Mar 2024NOK 362.1bNOK 97.6bNOK 43.3b8.8x8.4x3.7x
Thu, 08 Feb 2024NOK 351.9bNOK 97.5bNOK 43.3b9.3x8.1x3.6x
Sat, 06 Jan 2024NOK 371.0bNOK 95.8bNOK 43.2b9.5x8.6x3.9x
Mon, 04 Dec 2023NOK 357.7bNOK 95.8bNOK 43.2b8.7x8.3x3.7x
Wed, 01 Nov 2023NOK 349.9bNOK 95.7bNOK 44.5b8x7.9x3.7x
Fri, 29 Sep 2023NOK 376.9bNOK 91.5bNOK 40.7b9.3x9.3x4.1x
Price to Earnings Ratio

9.3x


Total Market Cap: NOK 376.9bTotal Earnings: NOK 40.7bTotal Revenue: NOK 91.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Diversified Banks Industry Price to Earnings3Y Average 9.1x202420252026
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 11.4x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 4.1x 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 4.6% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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-0.36%
Financials1.11%
Banks1.67%
Diversified Banks1.67%
Regional Banks1.66%
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 318.001.0%
+NOK 4.3b		17.6%PB1.6x
SBNOR Sparebanken NorgeNOK 210.501.2%
+NOK 433.1m		22.0%PB0.7x
SPOL SpareBank 1 ØstlandetNOK 204.851.5%
+NOK 421.2m		9.0%PB1x
RING SpareBank 1 Ringerike HadelandNOK 444.002.1%
+NOK 140.9m		13.1%PB1.3x
PARB Pareto BankNOK 55.501.5%
+NOK 61.4m		-38.3%PB0.8x

Latest News

SBNOR
NOK 210.50
Sparebanken Norge
7D
1.2%
1Y
22.0%
SPOG
NOK 71.92
Sparebanken Øst
7D
0.04%
1Y
-3.7%
DNB
NOK 318.00
DNB Bank
7D
1.0%
1Y
17.6%
Narrative Update • Sep 03

DNB: Future Returns Will Weigh Nordic Tailwinds Against Margin Pressure Risks

The analyst fair value estimate for DNB Bank has been revised higher to NOK 310.24 from NOK 302.47, reflecting updated assumptions on earnings power in combination with recent Street price target moves that cite a better Nordic banking backdrop, rate conditions, volumes and spreads. Analyst Commentary Recent Street research on DNB Bank shows a split view on the stock, with several bullish analysts raising price targets alongside more cautious voices trimming targets or ratings.
SPOL
NOK 204.85
SpareBank 1 Østlandet
7D
1.5%
1Y
9.0%
BIEN
NOK 145.00
Bien Sparebank
7D
2.1%
1Y
5.8%
PARB
NOK 55.50
Pareto Bank
7D
1.5%
1Y
-38.3%
RING
NOK 444.00
SpareBank 1 Ringerike Hadeland
7D
2.1%
1Y
13.1%