SpareBank 1 Nord-Norge (OB:NONG) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Aug 11
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Norwegian (OSEAX) Regional Banks Industry Analysis
UpdatedOct 13, 2024
DataAggregated Company Financials
Companies31
- 7D1.3%
- 3M4.8%
- 1Y12.1%
- YTDn/a
In the last week, the Regional Banks industry is up 1.3%, with SpareBank 1 Sør-Norge up 1.2%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 7.6% per annum.
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, 13 Oct 2024 | NOK 98.0b | NOK 36.4b | NOK 11.8b | 9.5x | 8.3x | 2.7x |
| Tue, 10 Sep 2024 | NOK 104.5b | NOK 39.5b | NOK 12.6b | 9.5x | 8.3x | 2.6x |
| Thu, 08 Aug 2024 | NOK 105.7b | NOK 38.5b | NOK 12.3b | 9.4x | 8.6x | 2.7x |
| Sat, 06 Jul 2024 | NOK 103.2b | NOK 38.5b | NOK 12.2b | 9.5x | 8.4x | 2.7x |
| Mon, 03 Jun 2024 | NOK 103.9b | NOK 38.1b | NOK 12.1b | 9.4x | 8.6x | 2.7x |
| Wed, 01 May 2024 | NOK 102.3b | NOK 37.2b | NOK 11.8b | 9.6x | 8.7x | 2.8x |
| Fri, 29 Mar 2024 | NOK 100.9b | NOK 36.5b | NOK 11.5b | 9.2x | 8.7x | 2.8x |
| Sun, 25 Feb 2024 | NOK 99.3b | NOK 36.3b | NOK 11.9b | 8.8x | 8.4x | 2.7x |
| Tue, 23 Jan 2024 | NOK 100.9b | NOK 34.5b | NOK 10.7b | 9.3x | 9.4x | 2.9x |
| Thu, 21 Dec 2023 | NOK 96.8b | NOK 34.5b | NOK 10.7b | 9.2x | 9x | 2.8x |
| Sat, 18 Nov 2023 | NOK 90.6b | NOK 34.3b | NOK 10.7b | 9x | 8.5x | 2.6x |
| Mon, 16 Oct 2023 | NOK 92.8b | NOK 32.7b | NOK 10.1b | 9.4x | 9.2x | 2.8x |
| Wed, 13 Sep 2023 | NOK 93.3b | NOK 32.7b | NOK 10.0b | 9.6x | 9.3x | 2.9x |
| Fri, 11 Aug 2023 | NOK 94.8b | NOK 30.9b | NOK 9.3b | 10x | 10.2x | 3.1x |
| Sun, 09 Jul 2023 | NOK 91.7b | NOK 30.9b | NOK 9.3b | 10x | 9.9x | 3x |
| Tue, 06 Jun 2023 | NOK 88.7b | NOK 30.7b | NOK 9.3b | 10.2x | 9.6x | 2.9x |
| Thu, 04 May 2023 | NOK 90.6b | NOK 29.5b | NOK 8.8b | 10.6x | 10.3x | 3.1x |
| Sat, 01 Apr 2023 | NOK 87.0b | NOK 29.3b | NOK 9.0b | 10.3x | 9.7x | 3x |
| Mon, 27 Feb 2023 | NOK 91.9b | NOK 28.7b | NOK 9.4b | 9.9x | 9.7x | 3.2x |
| Wed, 25 Jan 2023 | NOK 85.4b | NOK 28.0b | NOK 8.2b | 11x | 10.4x | 3.1x |
| Fri, 23 Dec 2022 | NOK 85.1b | NOK 28.0b | NOK 8.2b | 11x | 10.4x | 3x |
| Sun, 20 Nov 2022 | NOK 82.8b | NOK 27.9b | NOK 8.4b | 9.6x | 9.9x | 3x |
| Tue, 18 Oct 2022 | NOK 77.5b | NOK 27.8b | NOK 8.2b | 10.2x | 9.5x | 2.8x |
| Thu, 15 Sep 2022 | NOK 82.1b | NOK 27.8b | NOK 8.3b | 10.6x | 9.9x | 3x |
| Sat, 13 Aug 2022 | NOK 85.8b | NOK 27.1b | NOK 8.6b | 11.9x | 10x | 3.2x |
| Mon, 11 Jul 2022 | NOK 79.7b | NOK 27.3b | NOK 8.3b | 11.5x | 9.6x | 2.9x |
| Wed, 08 Jun 2022 | NOK 86.3b | NOK 27.3b | NOK 8.3b | 12.8x | 10.4x | 3.2x |
| Fri, 06 May 2022 | NOK 87.1b | NOK 27.1b | NOK 8.2b | 12.4x | 10.6x | 3.2x |
| Sun, 03 Apr 2022 | NOK 95.2b | NOK 27.1b | NOK 8.2b | 13.1x | 11.6x | 3.5x |
| Tue, 01 Mar 2022 | NOK 94.9b | NOK 27.0b | NOK 8.1b | 12.5x | 11.7x | 3.5x |
| Thu, 27 Jan 2022 | NOK 96.1b | NOK 25.9b | NOK 7.5b | 12.6x | 12.8x | 3.7x |
| Sat, 25 Dec 2021 | NOK 92.4b | NOK 25.9b | NOK 7.5b | 12.2x | 12.3x | 3.6x |
| Mon, 22 Nov 2021 | NOK 92.6b | NOK 25.9b | NOK 7.5b | 12x | 12.4x | 3.6x |
| Wed, 20 Oct 2021 | NOK 88.9b | NOK 24.5b | NOK 7.0b | 12.4x | 12.8x | 3.6x |
Price to Earnings Ratio
12.8x
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 8.3x which is lower than its 3-year average PE of 9.9x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.7x.
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 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 Market | -0.44% | |
| Financials | 1.71% | |
| Banks | 1.32% | |
| Regional Banks | 1.28% | |
| Diversified Banks | 1.33% | |
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 | |
|---|---|---|---|---|---|
| SB1NO SpareBank 1 Sør-Norge | NOK 137.80 | 1.2% +NOK 422.5m | 10.1% | PB1.1x | |
| NONG SpareBank 1 Nord-Norge | NOK 110.38 | 1.7% +NOK 186.7m | 12.9% | PB0.7x | |
| SOAG SpareBank 1 Østfold Akershus | NOK 358.00 | 3.5% +NOK 148.6m | 15.5% | PB1x | |
| MING SpareBank 1 SMN | NOK 154.40 | 0.6% +NOK 129.8m | 10.9% | PB0.8x | |
| MORG Sparebanken Møre | NOK 84.03 | 2.5% +NOK 100.1m | 7.5% | PB0.5x |