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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies28
  • 7D0.2%
  • 3M9.1%
  • 1Y13.3%
  • YTDn/a

The Regional Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026NOK 164.1bNOK 42.2bNOK 14.3b11x11.5x3.9x
Wed, 22 Jul 2026NOK 158.1bNOK 42.3bNOK 13.6b12.4x11.6x3.7x
Fri, 19 Jun 2026NOK 150.3bNOK 42.3bNOK 13.7b12.1x11x3.6x
Sun, 17 May 2026NOK 147.6bNOK 42.2bNOK 13.5b11.9x10.9x3.5x
Tue, 14 Apr 2026NOK 164.8bNOK 42.6bNOK 14.0b12.5x11.8x3.9x
Thu, 12 Mar 2026NOK 160.9bNOK 42.6bNOK 14.7b11x11x3.8x
Sat, 07 Feb 2026NOK 155.0bNOK 42.5bNOK 13.9b11.5x11.2x3.6x
Mon, 05 Jan 2026NOK 154.7bNOK 42.4bNOK 13.9b11.4x11.2x3.6x
Wed, 03 Dec 2025NOK 145.9bNOK 42.4bNOK 13.9b11.1x10.5x3.4x
Fri, 31 Oct 2025NOK 141.2bNOK 41.9bNOK 14.0b11.2x10.1x3.4x
Sun, 28 Sep 2025NOK 141.8bNOK 42.2bNOK 14.0b11.2x10.2x3.4x
Tue, 26 Aug 2025NOK 144.5bNOK 42.2bNOK 14.0b11x10.3x3.4x
Thu, 24 Jul 2025NOK 145.3bNOK 40.1bNOK 13.1b11.5x11.1x3.6x
Sat, 21 Jun 2025NOK 141.2bNOK 40.1bNOK 13.1b11.5x10.8x3.5x
Mon, 19 May 2025NOK 143.9bNOK 40.3bNOK 13.2b10.9x10.9x3.6x
Wed, 16 Apr 2025NOK 130.3bNOK 38.9bNOK 12.6b11.5x10.4x3.3x
Fri, 14 Mar 2025NOK 133.2bNOK 39.0bNOK 13.5b9.3x9.9x3.4x
Sun, 09 Feb 2025NOK 113.1bNOK 38.6bNOK 13.2b10.6x8.6x2.9x
Tue, 07 Jan 2025NOK 105.4bNOK 38.6bNOK 12.9b9.7x8.2x2.7x
Thu, 05 Dec 2024NOK 103.1bNOK 38.3bNOK 13.0b9.4x7.9x2.7x
Sat, 02 Nov 2024NOK 103.0bNOK 37.7bNOK 14.0b9.8x7.4x2.7x
Mon, 30 Sep 2024NOK 105.9bNOK 39.5bNOK 12.6b9.6x8.4x2.7x
Wed, 28 Aug 2024NOK 106.5bNOK 39.5bNOK 12.8b9x8.4x2.7x
Fri, 26 Jul 2024NOK 106.1bNOK 38.5bNOK 12.3b9.5x8.7x2.8x
Sun, 23 Jun 2024NOK 101.7bNOK 38.1bNOK 12.1b9.5x8.4x2.7x
Tue, 21 May 2024NOK 104.6bNOK 37.8bNOK 12.1b9.3x8.6x2.8x
Thu, 18 Apr 2024NOK 101.2bNOK 36.5bNOK 11.5b9.4x8.8x2.8x
Sat, 16 Mar 2024NOK 102.9bNOK 36.5bNOK 11.8b8.9x8.7x2.8x
Mon, 12 Feb 2024NOK 99.6bNOK 35.6bNOK 13.5b8.9x7.4x2.8x
Wed, 10 Jan 2024NOK 99.8bNOK 34.5bNOK 10.7b9.2x9.3x2.9x
Fri, 08 Dec 2023NOK 92.0bNOK 34.4bNOK 10.6b9x8.7x2.7x
Sun, 05 Nov 2023NOK 90.9bNOK 32.8bNOK 11.3b8.8x8x2.8x
Tue, 03 Oct 2023NOK 91.9bNOK 32.7bNOK 10.1b9.4x9.1x2.8x
Thu, 31 Aug 2023NOK 93.3bNOK 32.5bNOK 10.1b8.9x9.2x2.9x
Price to Earnings Ratio

9.2x


Total Market Cap: NOK 93.3bTotal Earnings: NOK 10.1bTotal Revenue: NOK 32.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Regional Banks Industry Price to Earnings3Y Average 9.7x202420252026
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 9.7x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 9.1% 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 Market0.49%
Financials-0.60%
Banks-0.047%
Regional Banks0.24%
Diversified Banks-0.14%
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 219.500.5%
+NOK 371.7m		20.5%PB1.5x
MING SpareBank 1 SMNNOK 204.601.3%
+NOK 367.7m		5.5%PB1x
SNOR SpareBank 1 NordmøreNOK 188.504.1%
+NOK 68.0m		15.6%PB0.4x
VVL Voss Veksel- og LandmandsbankNOK 446.004.2%
+NOK 39.7m		18.0%PB1.2x
SB68 Sparebank 68° NordNOK 210.002.5%
+NOK 15.1m		14.8%PB0.4x

Latest News

HSPG
NOK 130.00
Høland og Setskog Sparebank
7D
-9.7%
1Y
-24.0%
NONG
NOK 165.84
SpareBank 1 Nord-Norge
7D
-0.7%
1Y
14.0%
Analysis Article • Aug 18

Earnings Update: SpareBank 1 Nord-Norge (OB:NONG) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

It's been a good week for SpareBank 1 Nord-Norge ( OB:NONG ) shareholders, because the company has just released its...
SB1NO
NOK 219.50
SpareBank 1 Sør-Norge
7D
0.5%
1Y
20.5%
Narrative Update • Aug 17

SB1NO: Updated Discount Rate And Profitability Assumptions Will Support Balanced Future Returns

Analysts have raised their price target for SpareBank 1 Sør-Norge from NOK 207 to NOK 214.60, citing updated assumptions regarding the discount rate, profit margin and future P/E levels. What's in the News No recent publicly sourced news items for SpareBank 1 Sør-Norge were provided in the available feeds as of 14 August 2026.
JAREN
NOK 334.00
Jæren Sparebank
7D
-1.5%
1Y
-10.2%
TINDE
NOK 111.00
Tinde Sparebank
7D
0.7%
1Y
-11.7%
MELG
NOK 181.00
Melhus Sparebank
7D
-1.9%
1Y
3.7%
KRAB
NOK 13.25
Kraft Bank
7D
-3.3%
1Y
10.4%
SNOR
NOK 188.50
SpareBank 1 Nordmøre
7D
4.1%
1Y
15.6%
SOGN
NOK 334.60
Sogn Sparebank
7D
3.3%
1Y
29.7%
SB68
NOK 210.00
Sparebank 68° Nord
7D
2.5%
1Y
14.8%
Analysis Article • Aug 17

Sparebank 68° Nord Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Sparebank 68° Nord ( OB:SB68 ) defied analyst predictions to release its quarterly results, which were ahead of market...
MING
NOK 204.60
SpareBank 1 SMN
7D
1.3%
1Y
5.5%
Analysis Article • Aug 16

SpareBank 1 SMN Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

SpareBank 1 SMN ( OB:MING ) just released its latest second-quarter results and things are looking bullish. SpareBank 1...
MORG
NOK 110.50
Sparebanken Møre
7D
-2.5%
1Y
5.7%
Analysis Article • Aug 16

Sparebanken Møre Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Sparebanken Møre ( OB:MORG ) just released its latest quarterly results and things are looking bullish. It was overall...
FFSB
NOK 116.00
Flekkefjord Sparebank
7D
0.9%
1Y
-7.2%
VVL
NOK 446.00
Voss Veksel- og Landmandsbank
7D
4.2%
1Y
18.0%
ROGS
NOK 148.98
Rogaland Sparebank
7D
-1.3%
1Y
3.5%
SOAG
NOK 441.00
SpareBank 1 Østfold Akershus
7D
-1.1%
1Y
0.8%