Norwegian (OSEAX) Regional Banks Industry Analysis
UpdatedApr 13, 2024
DataAggregated Company Financials
Companies30
- 7D-0.4%
- 3M1.1%
- 1Y11.0%
- YTDn/a
In the last week, Regional Banks has been flat. The past year has been better, since the industry has gained 11% in that time. Looking forward, earnings are forecast to grow by 9.7% annually.
Industry Valuation and Performance
Has the Norwegian Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Apr 2024 | kr102.1b | kr36.5b | kr11.4b | 9.6x | 9x | 2.8x |
| Tue, 12 Mar 2024 | kr101.6b | kr36.3b | kr12.0b | 8.8x | 8.4x | 2.8x |
| Thu, 08 Feb 2024 | kr99.2b | kr34.6b | kr10.7b | 9.4x | 9.2x | 2.9x |
| Sat, 06 Jan 2024 | kr98.5b | kr34.5b | kr10.7b | 9.2x | 9.2x | 2.9x |
| Mon, 04 Dec 2023 | kr90.9b | kr34.4b | kr10.6b | 9x | 8.5x | 2.6x |
| Wed, 01 Nov 2023 | kr92.3b | kr32.5b | kr10.3b | 9.7x | 9x | 2.8x |
| Fri, 29 Sep 2023 | kr92.2b | kr32.7b | kr10.2b | 9.2x | 9.1x | 2.8x |
| Sun, 27 Aug 2023 | kr93.4b | kr32.5b | kr10.2b | 8.9x | 9.2x | 2.9x |
| Tue, 25 Jul 2023 | kr92.0b | kr30.9b | kr9.3b | 9.7x | 9.9x | 3x |
| Thu, 22 Jun 2023 | kr91.0b | kr30.8b | kr9.2b | 10.1x | 9.8x | 3x |
| Sat, 20 May 2023 | kr89.0b | kr30.2b | kr9.2b | 10.5x | 9.6x | 2.9x |
| Mon, 17 Apr 2023 | kr88.6b | kr29.4b | kr8.8b | 10.9x | 10x | 3x |
| Wed, 15 Mar 2023 | kr89.1b | kr28.7b | kr9.0b | 9.6x | 9.9x | 3.1x |
| Fri, 10 Feb 2023 | kr87.5b | kr27.6b | kr9.6b | 10.3x | 9.1x | 3.2x |
| Sun, 08 Jan 2023 | kr86.8b | kr28.0b | kr8.2b | 10.8x | 10.6x | 3.1x |
| Tue, 06 Dec 2022 | kr83.8b | kr27.9b | kr8.2b | 10.7x | 10.2x | 3x |
| Thu, 03 Nov 2022 | kr77.8b | kr27.7b | kr8.3b | 9.9x | 9.4x | 2.8x |
| Sat, 01 Oct 2022 | kr77.5b | kr27.8b | kr8.3b | 10.2x | 9.4x | 2.8x |
| Mon, 29 Aug 2022 | kr85.3b | kr27.8b | kr8.3b | 11.2x | 10.3x | 3.1x |
| Wed, 27 Jul 2022 | kr80.6b | kr27.4b | kr8.3b | 11.5x | 9.7x | 2.9x |
| Fri, 24 Jun 2022 | kr80.7b | kr27.3b | kr8.3b | 11.6x | 9.7x | 3x |
| Sun, 22 May 2022 | kr85.4b | kr27.3b | kr8.3b | 11.2x | 10.3x | 3.1x |
| Tue, 19 Apr 2022 | kr94.1b | kr27.1b | kr8.2b | 13.2x | 11.4x | 3.5x |
| Thu, 17 Mar 2022 | kr95.9b | kr27.0b | kr8.2b | 12.7x | 11.7x | 3.6x |
| Sat, 12 Feb 2022 | kr98.8b | kr26.2b | kr9.1b | 12.4x | 10.9x | 3.8x |
| Mon, 10 Jan 2022 | kr96.6b | kr25.9b | kr7.5b | 12.7x | 12.9x | 3.7x |
| Wed, 08 Dec 2021 | kr90.9b | kr25.9b | kr7.5b | 11.7x | 12.1x | 3.5x |
| Fri, 05 Nov 2021 | kr91.0b | kr25.2b | kr7.7b | 11.7x | 11.8x | 3.6x |
| Sun, 03 Oct 2021 | kr84.7b | kr24.5b | kr7.0b | 11.8x | 12.1x | 3.5x |
| Tue, 31 Aug 2021 | kr80.1b | kr24.4b | kr6.9b | 11.3x | 11.5x | 3.3x |
| Wed, 07 Jul 2021 | kr75.2b | kr24.6b | kr7.4b | 10.6x | 10.2x | 3.1x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Norwegian Regional 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 9.0x which is lower than its 3-year average PE of 10.3x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 16% 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 Regional Banks compare with similar industries?
| NO Market | 1.93% | |
| Financials | 0.22% | |
| Banks | 0.13% | |
| Regional Banks | -0.43% | |
| Diversified Banks | 0.28% | |
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 | |
|---|---|---|---|---|---|
| MING SpareBank 1 SMN | kr142.46 | 0.7% +kr152.9m | 9.1% | PB0.7x | |
| SOON SpareBank 1 Sørøst-Norge | kr70.40 | 1.4% +kr137.2m | 33.8% | PB0.8x | |
| MMBANK Maritime & Merchant Bank | kr13.00 | 10.2% +kr98.0m | n/a | PB0.7x | |
| SOAG SpareBank 1 Østfold Akershus | kr336.00 | 1.8% +kr74.3m | 2.4% | PB0.9x | |
| NONG SpareBank 1 Nord-Norge | kr98.78 | 0.4% +kr44.2m | 7.5% | PB0.6x |