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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Oct 2024NOK 98.0bNOK 36.4bNOK 11.8b9.5x8.3x2.7x
Tue, 10 Sep 2024NOK 104.5bNOK 39.5bNOK 12.6b9.5x8.3x2.6x
Thu, 08 Aug 2024NOK 105.7bNOK 38.5bNOK 12.3b9.4x8.6x2.7x
Sat, 06 Jul 2024NOK 103.2bNOK 38.5bNOK 12.2b9.5x8.4x2.7x
Mon, 03 Jun 2024NOK 103.9bNOK 38.1bNOK 12.1b9.4x8.6x2.7x
Wed, 01 May 2024NOK 102.3bNOK 37.2bNOK 11.8b9.6x8.7x2.8x
Fri, 29 Mar 2024NOK 100.9bNOK 36.5bNOK 11.5b9.2x8.7x2.8x
Sun, 25 Feb 2024NOK 99.3bNOK 36.3bNOK 11.9b8.8x8.4x2.7x
Tue, 23 Jan 2024NOK 100.9bNOK 34.5bNOK 10.7b9.3x9.4x2.9x
Thu, 21 Dec 2023NOK 96.8bNOK 34.5bNOK 10.7b9.2x9x2.8x
Sat, 18 Nov 2023NOK 90.6bNOK 34.3bNOK 10.7b9x8.5x2.6x
Mon, 16 Oct 2023NOK 92.8bNOK 32.7bNOK 10.1b9.4x9.2x2.8x
Wed, 13 Sep 2023NOK 93.3bNOK 32.7bNOK 10.0b9.6x9.3x2.9x
Fri, 11 Aug 2023NOK 94.8bNOK 30.9bNOK 9.3b10x10.2x3.1x
Sun, 09 Jul 2023NOK 91.7bNOK 30.9bNOK 9.3b10x9.9x3x
Tue, 06 Jun 2023NOK 88.7bNOK 30.7bNOK 9.3b10.2x9.6x2.9x
Thu, 04 May 2023NOK 90.6bNOK 29.5bNOK 8.8b10.6x10.3x3.1x
Sat, 01 Apr 2023NOK 87.0bNOK 29.3bNOK 9.0b10.3x9.7x3x
Mon, 27 Feb 2023NOK 91.9bNOK 28.7bNOK 9.4b9.9x9.7x3.2x
Wed, 25 Jan 2023NOK 85.4bNOK 28.0bNOK 8.2b11x10.4x3.1x
Fri, 23 Dec 2022NOK 85.1bNOK 28.0bNOK 8.2b11x10.4x3x
Sun, 20 Nov 2022NOK 82.8bNOK 27.9bNOK 8.4b9.6x9.9x3x
Tue, 18 Oct 2022NOK 77.5bNOK 27.8bNOK 8.2b10.2x9.5x2.8x
Thu, 15 Sep 2022NOK 82.1bNOK 27.8bNOK 8.3b10.6x9.9x3x
Sat, 13 Aug 2022NOK 85.8bNOK 27.1bNOK 8.6b11.9x10x3.2x
Mon, 11 Jul 2022NOK 79.7bNOK 27.3bNOK 8.3b11.5x9.6x2.9x
Wed, 08 Jun 2022NOK 86.3bNOK 27.3bNOK 8.3b12.8x10.4x3.2x
Fri, 06 May 2022NOK 87.1bNOK 27.1bNOK 8.2b12.4x10.6x3.2x
Sun, 03 Apr 2022NOK 95.2bNOK 27.1bNOK 8.2b13.1x11.6x3.5x
Tue, 01 Mar 2022NOK 94.9bNOK 27.0bNOK 8.1b12.5x11.7x3.5x
Thu, 27 Jan 2022NOK 96.1bNOK 25.9bNOK 7.5b12.6x12.8x3.7x
Sat, 25 Dec 2021NOK 92.4bNOK 25.9bNOK 7.5b12.2x12.3x3.6x
Mon, 22 Nov 2021NOK 92.6bNOK 25.9bNOK 7.5b12x12.4x3.6x
Wed, 20 Oct 2021NOK 88.9bNOK 24.5bNOK 7.0b12.4x12.8x3.6x
Price to Earnings Ratio

12.8x


Total Market Cap: NOK 88.9bTotal Earnings: NOK 7.0bTotal Revenue: NOK 24.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Regional Banks Industry Price to Earnings3Y Average 9.9x202220232024
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%
Financials1.71%
Banks1.32%
Regional Banks1.28%
Diversified Banks1.33%
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?

CompanyLast Price7D1YValuation
SB1NO SpareBank 1 Sør-NorgeNOK 137.801.2%
+NOK 422.5m
10.1%PB1.1x
NONG SpareBank 1 Nord-NorgeNOK 110.381.7%
+NOK 186.7m
12.9%PB0.7x
SOAG SpareBank 1 Østfold AkershusNOK 358.003.5%
+NOK 148.6m
15.5%PB1x
MING SpareBank 1 SMNNOK 154.400.6%
+NOK 129.8m
10.9%PB0.8x
MORG Sparebanken MøreNOK 84.032.5%
+NOK 100.1m
7.5%PB0.5x
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Latest News

SB1NO

NOK 137.80

SpareBank 1 Sør-Norge

7D

1.2%

1Y

10.1%

APRILA

NOK 6.25

Aprila Bank

7D

-3.8%

1Y

n/a

SOGN

NOK 221.00

Sogn Sparebank

7D

-3.9%

1Y

48.3%

JAREN

NOK 308.95

Jæren Sparebank

7D

-1.6%

1Y

27.7%

SUNSB

NOK 113.26

Sunndal Sparebank

7D

-0.2%

1Y

2.0%

HELG

NOK 139.48

SpareBank 1 Helgeland

7D

2.5%

1Y

14.3%

SOAG

NOK 358.00

SpareBank 1 Østfold Akershus

7D

3.5%

1Y

15.5%

MELG

NOK 159.36

Melhus Sparebank

7D

-0.4%

1Y

-0.4%

ROGS

NOK 108.50

Rogaland Sparebank

7D

-0.4%

1Y

32.0%

TOTG

NOK 267.50

Totens Sparebank

7D

5.5%

1Y

35.8%

AASB

NOK 112.00

Aasen Sparebank

7D

-1.3%

1Y

-5.1%

KRAB

NOK 9.10

Kraft Bank

7D

-2.2%

1Y

13.8%

MORG

NOK 84.03

Sparebanken Møre

7D

2.5%

1Y

7.5%

MING

NOK 154.40

SpareBank 1 SMN

7D

0.6%

1Y

10.9%

MMBANK

NOK 14.50

Maritime & Merchant Bank

7D

5.5%

1Y

26.1%