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Norwegian (OSEAX) Banks Industry Analysis

UpdatedJun 13, 2024
DataAggregated Company Financials
Companies40
  • 7D0.3%
  • 3M-2.4%
  • 1Y7.1%
  • YTD-1.3%

The Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 7.1% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Jun 2024kr452.5bkr136.1bkr55.5b8.9x8.2x3.3x
Sun, 12 May 2024kr459.7bkr135.1bkr55.2b9.3x8.3x3.4x
Tue, 09 Apr 2024kr476.3bkr134.2bkr54.7b9.3x8.7x3.6x
Thu, 07 Mar 2024kr466.6bkr133.9bkr55.2b8.8x8.4x3.5x
Sat, 03 Feb 2024kr460.0bkr131.7bkr55.2b9.4x8.3x3.5x
Mon, 01 Jan 2024kr472.1bkr130.3bkr53.9b9.2x8.8x3.6x
Wed, 29 Nov 2023kr446.5bkr130.2bkr53.8b8.7x8.3x3.4x
Fri, 27 Oct 2023kr439.6bkr128.0bkr53.1b9.5x8.3x3.4x
Sun, 24 Sep 2023kr472.0bkr124.2bkr50.8b9.4x9.3x3.8x
Tue, 22 Aug 2023kr458.8bkr123.5bkr51.3b8.9x8.9x3.7x
Thu, 20 Jul 2023kr446.6bkr121.4bkr49.8b9.6x9x3.7x
Sat, 17 Jun 2023kr434.1bkr118.6bkr48.2b9.9x9x3.7x
Mon, 15 May 2023kr413.5bkr117.8bkr48.3b10.2x8.6x3.5x
Wed, 12 Apr 2023kr430.6bkr111.5bkr44.7b10.3x9.6x3.9x
Fri, 10 Mar 2023kr450.7bkr110.8bkr44.7b10.3x10.1x4.1x
Sun, 05 Feb 2023kr421.6bkr106.7bkr40.0b10.6x10.5x4x
Tue, 03 Jan 2023kr431.8bkr106.7bkr40.0b11.1x10.8x4x
Thu, 01 Dec 2022kr418.7bkr106.6bkr40.0b10.4x10.5x3.9x
Sat, 29 Oct 2022kr399.5bkr106.0bkr39.1b10x10.2x3.8x
Mon, 26 Sep 2022kr393.2bkr104.1bkr39.0b9.7x10.1x3.8x
Wed, 24 Aug 2022kr425.2bkr104.1bkr39.1b10.5x10.9x4.1x
Fri, 22 Jul 2022kr410.0bkr103.8bkr39.0b11.3x10.5x4x
Sun, 19 Jun 2022kr394.0bkr101.7bkr37.7b10.8x10.5x3.9x
Tue, 17 May 2022kr412.5bkr99.2bkr36.1b11.2x11.4x4.2x
Thu, 14 Apr 2022kr453.4bkr100.6bkr36.7b12.6x12.3x4.5x
Sat, 12 Mar 2022kr462.1bkr103.4bkr38.6b11.9x12x4.5x
Mon, 07 Feb 2022kr508.3bkr99.8bkr37.3b12.9x13.6x5.1x
Wed, 05 Jan 2022kr167.4bkr45.5bkr13.9b12.1x12x3.7x
Fri, 03 Dec 2021kr162.6bkr45.5bkr13.9b11.7x11.7x3.6x
Sun, 31 Oct 2021kr473.4bkr93.8bkr35.6b11.7x13.3x5x
Tue, 28 Sep 2021kr455.3bkr93.1bkr34.5b11.4x13.2x4.9x
Thu, 26 Aug 2021kr442.8bkr93.0bkr34.5b11x12.8x4.8x
Fri, 02 Jul 2021kr141.8bkr44.5bkr13.9b10.5x10.2x3.2x
Price to Earnings Ratio

10.2x


Total Market Cap: kr141.8bTotal Earnings: kr13.9bTotal Revenue: kr44.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 10.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian 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 8.2x which is lower than its 3-year average PE of 10.3x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 45% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Financials industry?

NO Market-0.18%
Financials0.19%
Banks0.33%
Diversified Banks0.56%
Regional Banks-0.49%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 10.2x.
    • Analysts are expecting annual earnings growth of 7.9%, which is lower than the prior year's growth of 12.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 3.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DNB DNB Bankkr204.500.3%
+kr1.1b
6.1%PB1.1x
SOON SpareBank 1 Sørøst-Norgekr69.002.8%
+kr261.6m
37.5%PB0.7x
LEA Lea Bankkr8.6013.9%
+kr100.2m
-4.2%PB0.6x
PARB Pareto Bankkr59.801.5%
+kr69.1m
17.3%PB0.9x
MOBA Morrow Bankkr4.791.9%
+kr20.7m
2.1%PB0.5x
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Latest News

LEA

kr8.60

Lea Bank

7D

13.9%

1Y

-4.2%

SRBNK

kr130.60

SpareBank 1 SR-Bank

7D

-0.3%

1Y

5.6%

MING

kr148.58

SpareBank 1 SMN

7D

-0.9%

1Y

8.3%

DNB

kr204.50

DNB Bank

7D

0.3%

1Y

6.1%

RING

kr295.00

SpareBank 1 Ringerike Hadeland

7D

0.3%

1Y

-6.1%

JAREN

kr288.00

Jæren Sparebank

7D

1.1%

1Y

20.0%

MOBA

kr4.79

Morrow Bank

7D

1.9%

1Y

2.1%

PARB

kr59.80

Pareto Bank

7D

1.5%

1Y

17.3%

HELG

kr123.90

SpareBank 1 Helgeland

7D

-1.5%

1Y

0.7%

SVEG

kr126.70

Sparebanken Vest

7D

-1.4%

1Y

28.1%

SOAG

kr333.00

SpareBank 1 Østfold Akershus

7D

-1.8%

1Y

6.1%