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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies29
  • 7D0.5%
  • 3M9.8%
  • 1Y25.9%
  • YTDn/a

The Regional Banks is pretty flat in the last 7 days, but Sparebanken Møre has stood out, gaining 6.1%. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 8.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026NOK 154.7bNOK 42.4bNOK 13.9b11.4x11.2x3.6x
Tue, 02 Dec 2025NOK 144.7bNOK 42.4bNOK 14.0b11x10.3x3.4x
Thu, 30 Oct 2025NOK 141.4bNOK 41.8bNOK 15.2b11.2x9.3x3.4x
Sat, 27 Sep 2025NOK 141.8bNOK 42.2bNOK 14.0b11.2x10.2x3.4x
Mon, 25 Aug 2025NOK 144.4bNOK 42.2bNOK 14.0b11x10.3x3.4x
Wed, 23 Jul 2025NOK 144.6bNOK 40.1bNOK 13.1b11.5x11.1x3.6x
Fri, 20 Jun 2025NOK 140.6bNOK 40.1bNOK 13.1b11.6x10.8x3.5x
Sun, 18 May 2025NOK 143.9bNOK 40.2bNOK 13.1b11.4x11x3.6x
Tue, 15 Apr 2025NOK 129.2bNOK 38.9bNOK 12.6b11.4x10.3x3.3x
Thu, 13 Mar 2025NOK 131.2bNOK 39.0bNOK 13.4b9.6x9.8x3.4x
Sat, 08 Feb 2025NOK 113.1bNOK 38.5bNOK 12.9b10.6x8.8x2.9x
Mon, 06 Jan 2025NOK 106.0bNOK 38.6bNOK 12.9b9.7x8.2x2.7x
Wed, 04 Dec 2024NOK 102.4bNOK 38.3bNOK 13.0b9.4x7.9x2.7x
Fri, 01 Nov 2024NOK 103.7bNOK 37.3bNOK 13.6b9.8x7.6x2.8x
Sun, 29 Sep 2024NOK 105.9bNOK 39.5bNOK 12.6b9.6x8.4x2.7x
Tue, 27 Aug 2024NOK 107.1bNOK 39.5bNOK 12.7b9.2x8.4x2.7x
Thu, 25 Jul 2024NOK 106.7bNOK 38.5bNOK 12.3b9.5x8.7x2.8x
Sat, 22 Jun 2024NOK 101.7bNOK 38.1bNOK 12.1b9.5x8.4x2.7x
Mon, 20 May 2024NOK 104.6bNOK 37.8bNOK 12.1b9.3x8.6x2.8x
Wed, 17 Apr 2024NOK 101.7bNOK 36.5bNOK 11.5b9.4x8.8x2.8x
Fri, 15 Mar 2024NOK 102.9bNOK 36.5bNOK 11.8b9x8.7x2.8x
Sun, 11 Feb 2024NOK 99.6bNOK 35.6bNOK 13.5b8.9x7.4x2.8x
Tue, 09 Jan 2024NOK 99.3bNOK 34.5bNOK 10.7b9.3x9.3x2.9x
Thu, 07 Dec 2023NOK 92.4bNOK 34.4bNOK 10.6b9x8.7x2.7x
Sat, 04 Nov 2023NOK 90.9bNOK 32.5bNOK 10.3b9.7x8.8x2.8x
Mon, 02 Oct 2023NOK 91.9bNOK 32.7bNOK 10.2b9.1x9x2.8x
Wed, 30 Aug 2023NOK 94.1bNOK 32.5bNOK 10.1b8.9x9.3x2.9x
Fri, 28 Jul 2023NOK 94.0bNOK 30.9bNOK 9.3b9.8x10.1x3x
Sun, 25 Jun 2023NOK 90.1bNOK 30.9bNOK 9.3b9.9x9.7x2.9x
Tue, 23 May 2023NOK 88.9bNOK 30.9bNOK 9.5b10.1x9.4x2.9x
Thu, 20 Apr 2023NOK 89.3bNOK 29.4bNOK 8.8b10.7x10.1x3x
Sat, 18 Mar 2023NOK 85.0bNOK 28.7bNOK 9.1b9.2x9.4x3x
Mon, 13 Feb 2023NOK 88.0bNOK 27.7bNOK 8.6b10.6x10.2x3.2x
Wed, 11 Jan 2023NOK 86.3bNOK 28.0bNOK 8.2b10.9x10.5x3.1x
Price to Earnings Ratio

10.5x


Total Market Cap: NOK 86.3bTotal Earnings: NOK 8.2bTotal Revenue: NOK 28.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Regional Banks Industry Price to Earnings3Y Average 9.4x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Regional Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.2x which is higher than its 3-year average PE of 9.4x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.94%
Financials0.54%
Banks0.55%
Regional Banks0.45%
Diversified Banks0.58%
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
MORG Sparebanken MøreNOK 118.806.1%
+NOK 337.0m		23.1%PB0.6x
SB1NO SpareBank 1 Sør-NorgeNOK 197.000.3%
+NOK 224.9m		32.4%PB1.4x
HELG SpareBank 1 HelgelandNOK 183.002.2%
+NOK 108.3m		26.2%PB0.9x
MMBANK Maritime & Merchant BankNOK 17.506.1%
+NOK 81.7m		n/aPB1x
NONG SpareBank 1 Nord-NorgeNOK 151.300.4%
+NOK 64.3m		23.3%PB0.8x

Latest News

ROMER
NOK 143.92
Romerike Sparebank
7D
-0.7%
1Y
11.6%
SOGN
NOK 277.00
Sogn Sparebank
7D
-1.8%
1Y
11.7%
TINDE
NOK 119.40
Tinde Sparebank
7D
-0.4%
1Y
-4.8%
HELG
NOK 183.00
SpareBank 1 Helgeland
7D
2.2%
1Y
26.2%
INSTA
NOK 3.49
Instabank
7D
3.3%
1Y
72.8%
HSPG
NOK 153.02
Høland og Setskog Sparebank
7D
-6.4%
1Y
5.5%
SOAG
NOK 453.30
SpareBank 1 Østfold Akershus
7D
-0.8%
1Y
20.9%
MING
NOK 202.65
SpareBank 1 SMN
7D
-0.9%
1Y
17.5%
SNOR
NOK 176.00
SpareBank 1 Nordmøre
7D
-2.2%
1Y
23.7%
JAREN
NOK 384.00
Jæren Sparebank
7D
-0.8%
1Y
17.2%
SB1NO
NOK 197.00
SpareBank 1 Sør-Norge
7D
0.3%
1Y
32.4%

SpareBank 1 Sør-Norge ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Nov 03
SpareBank 1 Sør-Norge ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
VVL
NOK 404.00
Voss Veksel- og Landmandsbank
7D
4.7%
1Y
29.5%
MORG
NOK 118.80
Sparebanken Møre
7D
6.1%
1Y
23.1%
NONG
NOK 151.30
SpareBank 1 Nord-Norge
7D
0.4%
1Y
23.3%
AURG
NOK 264.00
Aurskog Sparebank
7D
2.7%
1Y
12.1%
MMBANK
NOK 17.50
Maritime & Merchant Bank
7D
6.1%
1Y
n/a