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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies28
  • 7D4.4%
  • 3M16.7%
  • 1Y24.1%
  • YTDn/a

Over the last 7 days, the Regional Banks industry has risen 4.4%, driven by gains from SpareBank 1 Sør-Norge of 6.0%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026NOK 162.8bNOK 42.6bNOK 14.6b11.2x11.2x3.8x
Mon, 19 Jan 2026NOK 154.6bNOK 42.4bNOK 13.9b11.4x11.2x3.6x
Wed, 17 Dec 2025NOK 150.0bNOK 42.4bNOK 13.9b11.4x10.8x3.5x
Fri, 14 Nov 2025NOK 140.2bNOK 42.2bNOK 14.2b10.5x9.9x3.3x
Sun, 12 Oct 2025NOK 142.5bNOK 42.2bNOK 14.0b11.3x10.2x3.4x
Tue, 09 Sep 2025NOK 139.4bNOK 42.2bNOK 14.0b11.2x10x3.3x
Thu, 07 Aug 2025NOK 143.4bNOK 40.1bNOK 13.1b11.4x11x3.6x
Sat, 05 Jul 2025NOK 145.9bNOK 40.1bNOK 13.1b11.6x11.2x3.6x
Mon, 02 Jun 2025NOK 141.7bNOK 40.3bNOK 13.1b11.3x10.8x3.5x
Wed, 30 Apr 2025NOK 132.8bNOK 38.9bNOK 12.6b11.8x10.6x3.4x
Fri, 28 Mar 2025NOK 137.8bNOK 38.9bNOK 13.0b11.2x10.6x3.5x
Sun, 23 Feb 2025NOK 130.7bNOK 39.0bNOK 13.3b10x9.8x3.4x
Tue, 21 Jan 2025NOK 108.9bNOK 38.6bNOK 12.9b9.7x8.4x2.8x
Thu, 19 Dec 2024NOK 104.3bNOK 38.6bNOK 12.9b9.8x8.1x2.7x
Sat, 16 Nov 2024NOK 100.7bNOK 38.2bNOK 13.1b9x7.7x2.6x
Mon, 14 Oct 2024NOK 98.0bNOK 36.4bNOK 11.8b9.5x8.3x2.7x
Wed, 11 Sep 2024NOK 104.4bNOK 39.5bNOK 12.6b9.4x8.3x2.6x
Fri, 09 Aug 2024NOK 104.2bNOK 38.5bNOK 12.3b9.5x8.5x2.7x
Sun, 07 Jul 2024NOK 103.6bNOK 38.5bNOK 12.2b9.3x8.5x2.7x
Tue, 04 Jun 2024NOK 103.1bNOK 38.1bNOK 12.1b9.3x8.5x2.7x
Thu, 02 May 2024NOK 102.3bNOK 37.2bNOK 11.8b9.6x8.7x2.8x
Sat, 30 Mar 2024NOK 100.9bNOK 36.5bNOK 11.5b9.2x8.7x2.8x
Mon, 26 Feb 2024NOK 99.3bNOK 36.3bNOK 11.9b8.8x8.4x2.7x
Wed, 24 Jan 2024NOK 101.1bNOK 34.5bNOK 10.7b9.3x9.4x2.9x
Fri, 22 Dec 2023NOK 96.2bNOK 34.5bNOK 10.7b9.1x9x2.8x
Sun, 19 Nov 2023NOK 90.6bNOK 34.4bNOK 10.8b8.8x8.4x2.6x
Tue, 17 Oct 2023NOK 93.0bNOK 32.7bNOK 10.1b9.5x9.2x2.8x
Thu, 14 Sep 2023NOK 92.6bNOK 32.7bNOK 10.1b9.3x9.1x2.8x
Sat, 12 Aug 2023NOK 94.9bNOK 30.9bNOK 9.3b10x10.3x3.1x
Mon, 10 Jul 2023NOK 91.7bNOK 30.9bNOK 9.3b10x9.9x3x
Wed, 07 Jun 2023NOK 88.7bNOK 30.7bNOK 9.3b10.2x9.6x2.9x
Fri, 05 May 2023NOK 88.2bNOK 29.5bNOK 8.8b10.6x10x3x
Sun, 02 Apr 2023NOK 87.0bNOK 29.3bNOK 9.0b10.3x9.7x3x
Tue, 28 Feb 2023NOK 93.1bNOK 28.7bNOK 9.4b10x9.9x3.2x
Price to Earnings Ratio

9.9x


Total Market Cap: NOK 93.1bTotal Earnings: NOK 9.4bTotal Revenue: NOK 28.7bTotal 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 3.8x.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have grown 16% 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 Market3.13%
Financials3.59%
Banks4.18%
Regional Banks4.37%
Diversified Banks4.12%
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 213.006.0%
+NOK 4.4b		34.8%PB1.4x
MING SpareBank 1 SMNNOK 212.804.6%
+NOK 1.4b		17.7%PB1x
NONG SpareBank 1 Nord-NorgeNOK 158.303.6%
+NOK 552.2m		20.9%PB0.8x
JAREN Jæren SparebankNOK 369.004.2%
+NOK 73.7m		0.5%PB0.6x
APRILA Aprila BankNOK 11.0010.0%
+NOK 72.7m		59.4%PB2.2x

Latest News

SB1NO
NOK 213.00
SpareBank 1 Sør-Norge
7D
6.0%
1Y
34.8%
TRSB
NOK 111.52
Trøndelag Sparebank
7D
-4.6%
1Y
-3.4%
MING
NOK 212.80
SpareBank 1 SMN
7D
4.6%
1Y
17.7%
SKUE
NOK 352.40
Skue Sparebank
7D
1.8%
1Y
-0.4%
HSPG
NOK 149.98
Høland og Setskog Sparebank
7D
-2.6%
1Y
0.7%
TINDE
NOK 114.72
Tinde Sparebank
7D
-0.6%
1Y
-9.5%
MELG
NOK 197.48
Melhus Sparebank
7D
-2.2%
1Y
14.8%
NONG
NOK 158.30
SpareBank 1 Nord-Norge
7D
3.6%
1Y
20.9%

SpareBank 1 Nord-Norge (OB:NONG) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Feb 15
SpareBank 1 Nord-Norge (OB:NONG) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
ROGS
NOK 149.10
Rogaland Sparebank
7D
1.8%
1Y
14.7%

Rogaland Sparebank (OB:ROGS) Is Increasing Its Dividend To NOK11.70

Feb 15
Rogaland Sparebank (OB:ROGS) Is Increasing Its Dividend To NOK11.70
JAREN
NOK 369.00
Jæren Sparebank
7D
4.2%
1Y
0.5%
SOAG
NOK 455.00
SpareBank 1 Østfold Akershus
7D
0.9%
1Y
7.3%
INSTA
NOK 4.17
Instabank
7D
-0.2%
1Y
94.9%
KRAB
NOK 14.30
Kraft Bank
7D
-2.7%
1Y
58.9%
APRILA
NOK 11.00
Aprila Bank
7D
10.0%
1Y
59.4%