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Norwegian (OSEAX) Regional Banks Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies28
  • 7D1.0%
  • 3M-6.6%
  • 1Y4.6%
  • YTDn/a

The Regional Banks industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. 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
Sat, 13 Jun 2026NOK 150.4bNOK 42.3bNOK 13.7b12.2x11x3.6x
Mon, 11 May 2026NOK 150.4bNOK 42.3bNOK 13.7b12.2x11x3.6x
Wed, 08 Apr 2026NOK 161.5bNOK 42.6bNOK 14.2b12x11.4x3.8x
Fri, 06 Mar 2026NOK 160.8bNOK 42.6bNOK 14.6b11.1x11x3.8x
Sun, 01 Feb 2026NOK 150.6bNOK 42.4bNOK 13.9b11.2x10.9x3.6x
Tue, 30 Dec 2025NOK 154.2bNOK 42.4bNOK 13.9b11.3x11.1x3.6x
Thu, 27 Nov 2025NOK 142.9bNOK 42.4bNOK 14.2b10.6x10x3.4x
Sat, 25 Oct 2025NOK 139.8bNOK 42.2bNOK 14.4b11x9.7x3.3x
Mon, 22 Sep 2025NOK 142.7bNOK 42.2bNOK 14.0b11.1x10.2x3.4x
Wed, 20 Aug 2025NOK 143.2bNOK 42.1bNOK 14.4b9.5x9.9x3.4x
Fri, 18 Jul 2025NOK 146.2bNOK 40.1bNOK 13.1b11.4x11.2x3.6x
Sun, 15 Jun 2025NOK 142.3bNOK 40.1bNOK 13.1b11.5x10.9x3.6x
Tue, 13 May 2025NOK 140.5bNOK 40.1bNOK 13.0b11.9x10.8x3.5x
Thu, 10 Apr 2025NOK 123.2bNOK 38.9bNOK 12.6b11.2x9.8x3.2x
Sat, 08 Mar 2025NOK 129.9bNOK 39.0bNOK 13.4b9.5x9.7x3.3x
Mon, 03 Feb 2025NOK 113.3bNOK 38.6bNOK 12.9b10.4x8.8x2.9x
Wed, 01 Jan 2025NOK 105.4bNOK 38.6bNOK 12.9b9.7x8.2x2.7x
Fri, 29 Nov 2024NOK 102.3bNOK 38.3bNOK 13.0b9.3x7.9x2.7x
Sun, 27 Oct 2024NOK 103.4bNOK 36.5bNOK 11.8b9.7x8.8x2.8x
Tue, 24 Sep 2024NOK 105.8bNOK 39.5bNOK 12.6b9.6x8.4x2.7x
Thu, 22 Aug 2024NOK 106.5bNOK 39.5bNOK 12.9b8.9x8.3x2.7x
Sat, 20 Jul 2024NOK 105.4bNOK 38.5bNOK 12.3b9.4x8.6x2.7x
Mon, 17 Jun 2024NOK 100.1bNOK 38.1bNOK 12.1b9.4x8.3x2.6x
Wed, 15 May 2024NOK 104.4bNOK 37.8bNOK 12.1b9.5x8.6x2.8x
Fri, 12 Apr 2024NOK 102.1bNOK 36.5bNOK 11.4b9.4x9x2.8x
Sun, 10 Mar 2024NOK 101.4bNOK 36.3bNOK 12.0b8.7x8.4x2.8x
Tue, 06 Feb 2024NOK 100.6bNOK 34.6bNOK 10.8b9.5x9.4x2.9x
Thu, 04 Jan 2024NOK 98.4bNOK 34.5bNOK 10.7b9.2x9.2x2.9x
Sat, 02 Dec 2023NOK 90.9bNOK 34.4bNOK 10.6b9x8.5x2.6x
Mon, 30 Oct 2023NOK 91.0bNOK 32.3bNOK 10.4b9.4x8.8x2.8x
Wed, 27 Sep 2023NOK 92.5bNOK 32.7bNOK 10.2b9.2x9.1x2.8x
Fri, 25 Aug 2023NOK 92.8bNOK 32.5bNOK 10.2b8.9x9.1x2.9x
Sun, 23 Jul 2023NOK 91.7bNOK 30.9bNOK 9.3b9.7x9.9x3x
Tue, 20 Jun 2023NOK 89.9bNOK 30.8bNOK 9.3b9.9x9.7x2.9x
Price to Earnings Ratio

9.7x


Total Market Cap: NOK 89.9bTotal Earnings: NOK 9.3bTotal Revenue: NOK 30.8bTotal 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 10.8x 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 3.5x.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.71%
Financials2.01%
Banks1.73%
Regional Banks1.03%
Diversified Banks1.94%
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 190.401.3%
+NOK 900.7m		5.4%PB1.3x
MING SpareBank 1 SMNNOK 191.261.5%
+NOK 406.7m		1.0%PB0.9x
NONG SpareBank 1 Nord-NorgeNOK 151.702.4%
+NOK 361.4m		2.3%PB0.8x
SOAG SpareBank 1 Østfold AkershusNOK 445.002.0%
+NOK 110.3m		7.0%PB1.1x
SKUE Skue SparebankNOK 333.301.6%
+NOK 30.6m		-2.6%PB0.5x

Latest News

ROGS
NOK 144.50
Rogaland Sparebank
7D
-0.7%
1Y
0.3%
SB1NO
NOK 190.40
SpareBank 1 Sør-Norge
7D
1.3%
1Y
5.4%
Narrative Update • Jun 06

SB1NO: Dividend Flexibility And Capital Changes Will Support Balanced Future Returns

Analysts now see fair value for SpareBank 1 Sør-Norge at NOK 207.00, down from NOK 221.25, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News At the AGM on 23 April 2026, shareholders authorised the Board to decide on distributions of up to NOK 5 per share in dividends on one or more occasions, based on the approved 2025 financial statements.
VVL
NOK 480.00
Voss Veksel- og Landmandsbank
7D
-5.0%
1Y
29.0%
INSTA
NOK 3.93
Instabank
7D
-1.3%
1Y
65.1%
HGSB
NOK 156.00
Haugesund Sparebank
7D
-1.3%
1Y
-12.4%
SKUE
NOK 333.30
Skue Sparebank
7D
1.6%
1Y
-2.6%
HSPG
NOK 152.00
Høland og Setskog Sparebank
7D
5.5%
1Y
-8.4%
SNOR
NOK 183.50
SpareBank 1 Nordmøre
7D
-1.8%
1Y
12.4%
SOAG
NOK 445.00
SpareBank 1 Østfold Akershus
7D
2.0%
1Y
7.0%
ROMER
NOK 159.98
Romerike Sparebank
7D
0.7%
1Y
10.3%
SB68
NOK 206.00
Sparebank 68° Nord
7D
-1.9%
1Y
12.3%
KRAB
NOK 13.80
Kraft Bank
7D
2.2%
1Y
42.3%
NONG
NOK 151.70
SpareBank 1 Nord-Norge
7D
2.4%
1Y
2.3%
Analysis Article • May 11

SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

SpareBank 1 Nord-Norge ( OB:NONG ) shareholders are probably feeling a little disappointed, since its shares fell 4.8...
HELG
NOK 163.02
SpareBank 1 Helgeland
7D
-1.8%
1Y
-6.8%
MORG
NOK 111.70
Sparebanken Møre
7D
-0.6%
1Y
8.9%
MING
NOK 191.26
SpareBank 1 SMN
7D
1.5%
1Y
1.0%