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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies30
  • 7D0.6%
  • 3M6.1%
  • 1Y22.7%
  • YTDn/a

Over the last 7 days, the Regional Banks industry has dropped 1.4%, driven by declines in SpareBank 1 SMN and SpareBank 1 Sør-Norge of 3.0% and 1.8%, respectively. Over the past 12 months, the industry was up 21%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024NOK 101.2bNOK 38.3bNOK 13.5b8.3x7.5x2.6x
Sat, 19 Oct 2024NOK 99.7bNOK 36.4bNOK 11.8b9.6x8.4x2.7x
Mon, 16 Sep 2024NOK 106.0bNOK 39.5bNOK 12.6b9.3x8.4x2.7x
Wed, 14 Aug 2024NOK 104.7bNOK 39.3bNOK 13.6b9.3x7.7x2.7x
Fri, 12 Jul 2024NOK 102.8bNOK 38.5bNOK 12.2b9.3x8.4x2.7x
Sun, 09 Jun 2024NOK 101.7bNOK 38.1bNOK 12.1b9.4x8.4x2.7x
Tue, 07 May 2024NOK 103.1bNOK 37.2bNOK 11.7b9.6x8.8x2.8x
Thu, 04 Apr 2024NOK 102.2bNOK 36.5bNOK 11.5b9.3x8.9x2.8x
Sat, 02 Mar 2024NOK 100.7bNOK 36.3bNOK 12.1b8.7x8.4x2.8x
Mon, 29 Jan 2024NOK 101.2bNOK 34.6bNOK 10.7b9.4x9.4x2.9x
Wed, 27 Dec 2023NOK 96.4bNOK 34.5bNOK 10.7b9.2x9x2.8x
Fri, 24 Nov 2023NOK 90.0bNOK 34.4bNOK 10.8b8.6x8.4x2.6x
Sun, 22 Oct 2023NOK 92.3bNOK 32.7bNOK 10.1b9.5x9.2x2.8x
Tue, 19 Sep 2023NOK 93.3bNOK 32.7bNOK 10.2b9.1x9.1x2.9x
Thu, 17 Aug 2023NOK 94.0bNOK 32.1bNOK 11.0b9x8.6x2.9x
Sat, 15 Jul 2023NOK 90.3bNOK 30.8bNOK 9.2b9.9x9.8x2.9x
Mon, 12 Jun 2023NOK 89.0bNOK 30.7bNOK 9.3b10.1x9.6x2.9x
Wed, 10 May 2023NOK 88.8bNOK 29.8bNOK 8.9b10.8x10x3x
Fri, 07 Apr 2023NOK 86.8bNOK 29.3bNOK 9.0b10.3x9.6x3x
Sun, 05 Mar 2023NOK 93.8bNOK 28.7bNOK 9.0b10.4x10.5x3.3x
Tue, 31 Jan 2023NOK 85.5bNOK 28.0bNOK 8.2b11x10.4x3.1x
Thu, 29 Dec 2022NOK 86.7bNOK 28.0bNOK 8.2b11x10.6x3.1x
Sat, 26 Nov 2022NOK 84.6bNOK 27.9bNOK 8.4b9.7x10.1x3x
Mon, 24 Oct 2022NOK 79.4bNOK 27.8bNOK 8.2b9.9x9.6x2.9x
Wed, 21 Sep 2022NOK 82.5bNOK 27.8bNOK 8.3b10.6x10x3x
Fri, 19 Aug 2022NOK 85.7bNOK 27.3bNOK 8.7b11.6x9.8x3.1x
Sun, 17 Jul 2022NOK 79.4bNOK 27.3bNOK 8.3b11.3x9.6x2.9x
Tue, 14 Jun 2022NOK 82.9bNOK 27.3bNOK 8.3b12x10x3x
Thu, 12 May 2022NOK 84.5bNOK 27.1bNOK 8.2b11.3x10.3x3.1x
Sat, 09 Apr 2022NOK 94.7bNOK 27.1bNOK 8.2b13.3x11.5x3.5x
Mon, 07 Mar 2022NOK 91.8bNOK 27.2bNOK 8.2b12.3x11.1x3.4x
Wed, 02 Feb 2022NOK 96.7bNOK 25.7bNOK 7.5b12.6x12.9x3.8x
Fri, 31 Dec 2021NOK 95.1bNOK 25.9bNOK 7.5b12.3x12.7x3.7x
Sun, 28 Nov 2021NOK 89.6bNOK 25.9bNOK 7.5b11.7x11.9x3.5x
Price to Earnings Ratio

11.9x


Total Market Cap: NOK 89.6bTotal Earnings: NOK 7.5bTotal Revenue: NOK 25.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Regional Banks Industry Price to Earnings3Y Average 9.7x202220232024
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 7.4x which is lower than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.6x.
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 14% 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 Market3.06%
Financials1.13%
Banks0.79%
Regional Banks0.62%
Diversified Banks0.84%
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
SB1NO SpareBank 1 Sør-NorgeNOK 141.800.6%
+NOK 211.3m		19.2%PB1x
MING SpareBank 1 SMNNOK 163.760.7%
+NOK 161.5m		28.5%PB0.8x
MORG Sparebanken MøreNOK 92.832.5%
+NOK 109.9m		24.6%PB0.5x
SNOR SpareBank 1 NordmøreNOK 142.004.8%
+NOK 58.7m		18.3%PB0.3x
HELG SpareBank 1 HelgelandNOK 144.001.2%
+NOK 45.7m		21.0%PB0.8x
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Latest News

ROGS

NOK 121.50

Rogaland Sparebank

7D

-1.2%

1Y

47.1%

TYSB

NOK 118.50

Tysnes Sparebank

7D

-3.8%

1Y

6.8%

ROMER

NOK 125.78

Romerike Sparebank

7D

-0.6%

1Y

10.3%

SOGN

NOK 255.15

Sogn Sparebank

7D

15.8%

1Y

67.9%

NISB

NOK 99.99

Nidaros Sparebank

7D

-0.2%

1Y

-12.3%

SNOR

NOK 142.00

SpareBank 1 Nordmøre

7D

4.8%

1Y

18.3%

JAREN

NOK 319.95

Jæren Sparebank

7D

1.6%

1Y

29.0%

SB68

NOK 153.00

Sparebank 68° Nord

7D

-0.01%

1Y

-4.4%

MORG

NOK 92.83

Sparebanken Møre

7D

2.5%

1Y

24.6%

Shareholders Will Probably Not Have Any Issues With Sparebanken Møre's (OB:MORG) CEO Compensation

Nov 15
Shareholders Will Probably Not Have Any Issues With Sparebanken Møre's (OB:MORG) CEO Compensation

BIEN

NOK 123.00

Bien Sparebank

7D

3.4%

1Y

38.2%

HELG

NOK 144.00

SpareBank 1 Helgeland

7D

1.2%

1Y

21.0%

SB1NO

NOK 141.80

SpareBank 1 Sør-Norge

7D

0.6%

1Y

19.2%

SpareBank 1 Sør-Norge ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 03
SpareBank 1 Sør-Norge ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

VVL

NOK 308.00

Voss Veksel- og Landmandsbank

7D

-1.9%

1Y

38.7%

MING

NOK 163.76

SpareBank 1 SMN

7D

0.7%

1Y

28.5%

NONG

NOK 116.30

SpareBank 1 Nord-Norge

7D

-0.4%

1Y

25.1%

SpareBank 1 Nord-Norge Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 02
SpareBank 1 Nord-Norge Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next