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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies28
  • 7D2.2%
  • 3M8.8%
  • 1Y29.6%
  • YTDn/a

In the last week, the Regional Banks industry is up 2.0%, with SpareBank 1 Sør-Norge up 3.1%. This means that the industry has gained 32% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026NOK 163.5bNOK 42.6bNOK 14.2b11.9x11.5x3.8x
Sun, 08 Mar 2026NOK 159.5bNOK 42.6bNOK 14.6b11.1x10.9x3.7x
Tue, 03 Feb 2026NOK 151.7bNOK 42.4bNOK 13.9b11.6x10.9x3.6x
Thu, 01 Jan 2026NOK 155.7bNOK 42.4bNOK 13.9b11.4x11.2x3.7x
Sat, 29 Nov 2025NOK 143.4bNOK 42.4bNOK 14.1b10.7x10.2x3.4x
Mon, 27 Oct 2025NOK 139.8bNOK 42.2bNOK 14.0b11.1x10x3.3x
Wed, 24 Sep 2025NOK 140.9bNOK 42.2bNOK 14.0b11.1x10.1x3.3x
Fri, 22 Aug 2025NOK 144.3bNOK 42.1bNOK 13.8b11x10.5x3.4x
Sun, 20 Jul 2025NOK 145.5bNOK 40.1bNOK 13.1b11.6x11.1x3.6x
Tue, 17 Jun 2025NOK 143.5bNOK 40.1bNOK 13.1b11.7x11x3.6x
Thu, 15 May 2025NOK 141.7bNOK 40.1bNOK 13.1b11.9x10.9x3.5x
Sat, 12 Apr 2025NOK 126.7bNOK 38.9bNOK 12.6b11.4x10.1x3.3x
Mon, 10 Mar 2025NOK 129.9bNOK 39.0bNOK 13.4b9.4x9.7x3.3x
Wed, 05 Feb 2025NOK 112.3bNOK 38.5bNOK 12.9b10.3x8.7x2.9x
Fri, 03 Jan 2025NOK 105.6bNOK 38.6bNOK 12.9b9.7x8.2x2.7x
Sun, 01 Dec 2024NOK 101.8bNOK 38.3bNOK 13.0b9.3x7.8x2.7x
Tue, 29 Oct 2024NOK 103.6bNOK 36.5bNOK 11.8b9.8x8.8x2.8x
Thu, 26 Sep 2024NOK 104.7bNOK 39.5bNOK 12.6b9.5x8.3x2.6x
Sat, 24 Aug 2024NOK 106.5bNOK 39.5bNOK 12.9b9x8.3x2.7x
Mon, 22 Jul 2024NOK 105.4bNOK 38.5bNOK 12.3b9.4x8.6x2.7x
Wed, 19 Jun 2024NOK 102.3bNOK 38.1bNOK 12.1b9.4x8.5x2.7x
Fri, 17 May 2024NOK 104.6bNOK 37.8bNOK 12.1b9.5x8.7x2.8x
Sun, 14 Apr 2024NOK 102.1bNOK 36.5bNOK 11.4b9.6x9x2.8x
Tue, 12 Mar 2024NOK 101.6bNOK 36.3bNOK 12.0b8.8x8.4x2.8x
Thu, 08 Feb 2024NOK 99.2bNOK 34.6bNOK 10.7b9.4x9.2x2.9x
Sat, 06 Jan 2024NOK 98.5bNOK 34.5bNOK 10.7b9.2x9.2x2.9x
Mon, 04 Dec 2023NOK 90.9bNOK 34.4bNOK 10.6b9x8.5x2.6x
Wed, 01 Nov 2023NOK 92.3bNOK 32.5bNOK 10.3b9.7x9x2.8x
Fri, 29 Sep 2023NOK 92.2bNOK 32.7bNOK 10.2b9.2x9.1x2.8x
Sun, 27 Aug 2023NOK 93.4bNOK 32.5bNOK 10.2b8.9x9.2x2.9x
Tue, 25 Jul 2023NOK 92.0bNOK 30.9bNOK 9.3b9.7x9.9x3x
Thu, 22 Jun 2023NOK 91.0bNOK 30.8bNOK 9.2b10.1x9.8x3x
Sat, 20 May 2023NOK 89.0bNOK 30.2bNOK 9.2b10.5x9.6x2.9x
Mon, 17 Apr 2023NOK 88.6bNOK 29.4bNOK 8.8b10.9x10x3x
Price to Earnings Ratio

10x


Total Market Cap: NOK 88.6bTotal Earnings: NOK 8.8bTotal Revenue: NOK 29.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Regional Banks Industry Price to Earnings3Y Average 9.5x202420252026
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 11.5x which is higher than its 3-year average PE of 9.5x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.037%
Financials1.97%
Banks1.60%
Regional Banks2.17%
Diversified Banks1.43%
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 218.503.8%
+NOK 3.0b		40.1%PB1.5x
MING SpareBank 1 SMNNOK 211.452.9%
+NOK 857.9m		22.2%PB1x
NONG SpareBank 1 Nord-NorgeNOK 160.982.8%
+NOK 437.7m		27.4%PB0.8x
SNOR SpareBank 1 NordmøreNOK 203.008.0%
+NOK 135.9m		32.3%PB0.4x
SOAG SpareBank 1 Østfold AkershusNOK 449.001.4%
+NOK 74.9m		12.3%PB1.1x

Latest News

SNOR
NOK 203.00
SpareBank 1 Nordmøre
7D
8.0%
1Y
32.3%
MORG
NOK 114.02
Sparebanken Møre
7D
-2.9%
1Y
21.6%
SB1NO
NOK 218.50
SpareBank 1 Sør-Norge
7D
3.8%
1Y
40.1%

SB1NO: Dividend Timeline And Updated Fair Value Will Support A Balanced Outlook

Analysts have raised the price target for SpareBank 1 Sør-Norge from NOK 213.75 to NOK 225.00, reflecting updated inputs for the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News SpareBank 1 Sør-Norge ASA announced an annual dividend of NOK 12.00 per share.
ROGS
NOK 151.00
Rogaland Sparebank
7D
1.5%
1Y
18.0%
HSPG
NOK 150.04
Høland og Setskog Sparebank
7D
-5.0%
1Y
-6.8%
SB68
NOK 223.15
Sparebank 68° Nord
7D
-1.3%
1Y
26.1%
TRSB
NOK 108.00
Trøndelag Sparebank
7D
-3.7%
1Y
-1.8%
NONG
NOK 160.98
SpareBank 1 Nord-Norge
7D
2.8%
1Y
27.4%
MING
NOK 211.45
SpareBank 1 SMN
7D
2.9%
1Y
22.2%
SKUE
NOK 334.00
Skue Sparebank
7D
-1.2%
1Y
5.7%
SOAG
NOK 449.00
SpareBank 1 Østfold Akershus
7D
1.4%
1Y
12.3%
HELG
NOK 161.50
SpareBank 1 Helgeland
7D
-1.5%
1Y
7.0%
HGSB
NOK 179.20
Haugesund Sparebank
7D
5.4%
1Y
8.6%
VVL
NOK 478.00
Voss Veksel- og Landmandsbank
7D
7.2%
1Y
38.2%

Voss Veksel- og Landmandsbank's (OB:VVL) Dividend Will Be Increased To NOK18.75

Feb 14
Voss Veksel- og Landmandsbank's (OB:VVL) Dividend Will Be Increased To NOK18.75