Header cover image

Norwegian (OSEAX) Banks Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies40
  • 7D0.5%
  • 3M-1.5%
  • 1Y6.0%
  • YTD-1.3%

Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 6.2% over the past 12 months. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024kr457.3bkr136.1bkr55.5b8.8x8.2x3.4x
Mon, 13 May 2024kr459.7bkr135.0bkr55.1b9.2x8.3x3.4x
Wed, 10 Apr 2024kr477.2bkr134.2bkr54.7b9.2x8.7x3.6x
Fri, 08 Mar 2024kr464.8bkr133.9bkr55.2b8.8x8.4x3.5x
Sun, 04 Feb 2024kr459.8bkr132.1bkr56.2b9.3x8.2x3.5x
Tue, 02 Jan 2024kr472.1bkr130.3bkr53.9b9.2x8.8x3.6x
Thu, 30 Nov 2023kr445.4bkr130.2bkr53.8b8.8x8.3x3.4x
Sat, 28 Oct 2023kr439.5bkr128.4bkr54.0b9.3x8.1x3.4x
Mon, 25 Sep 2023kr472.0bkr124.2bkr50.8b9.4x9.3x3.8x
Wed, 23 Aug 2023kr458.8bkr123.5bkr51.3b8.9x8.9x3.7x
Fri, 21 Jul 2023kr449.9bkr121.4bkr49.8b9.6x9x3.7x
Sun, 18 Jun 2023kr434.1bkr118.6bkr48.2b9.9x9x3.7x
Tue, 16 May 2023kr416.4bkr117.8bkr48.3b10.4x8.6x3.5x
Thu, 13 Apr 2023kr430.0bkr111.5bkr44.7b10.3x9.6x3.9x
Sat, 11 Mar 2023kr440.3bkr110.8bkr44.8b9.7x9.8x4x
Mon, 06 Feb 2023kr421.6bkr106.7bkr41.7b10.6x10.1x4x
Wed, 04 Jan 2023kr434.3bkr106.7bkr40.0b11x10.9x4.1x
Fri, 02 Dec 2022kr418.3bkr106.6bkr40.0b10.6x10.5x3.9x
Sun, 30 Oct 2022kr399.5bkr106.1bkr39.4b9.8x10.1x3.8x
Tue, 27 Sep 2022kr389.8bkr104.1bkr39.0b9.9x10x3.7x
Thu, 25 Aug 2022kr423.8bkr104.1bkr38.9b11.1x10.9x4.1x
Sat, 23 Jul 2022kr410.0bkr103.8bkr39.0b11.3x10.5x4x
Mon, 20 Jun 2022kr394.0bkr101.7bkr37.7b10.8x10.5x3.9x
Wed, 18 May 2022kr412.4bkr99.2bkr36.1b11.2x11.4x4.2x
Fri, 15 Apr 2022kr453.4bkr100.6bkr36.7b12.6x12.3x4.5x
Sun, 13 Mar 2022kr462.1bkr103.4bkr38.6b11.9x12x4.5x
Tue, 08 Feb 2022kr509.4bkr99.8bkr37.3b12.9x13.7x5.1x
Thu, 06 Jan 2022kr167.4bkr45.5bkr13.9b12.2x12x3.7x
Sat, 04 Dec 2021kr162.6bkr45.6bkr13.9b11.7x11.7x3.6x
Mon, 01 Nov 2021kr473.4bkr94.2bkr35.1b11.9x13.5x5x
Wed, 29 Sep 2021kr455.3bkr93.1bkr34.5b11.3x13.2x4.9x
Fri, 27 Aug 2021kr443.5bkr93.0bkr34.5b10.8x12.9x4.8x
Sat, 03 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 8.3x 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 3.4x.
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-2.15%
Financials0.30%
Banks0.51%
Diversified Banks1.11%
Regional Banks-1.55%
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 3.1% 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 Bankkr205.701.6%
+kr4.8b		5.2%PB1.1x
LEA Lea Bankkr8.409.1%
+kr66.8m		-2.6%PB0.6x
APRILA Aprila Bankkr7.507.1%
+kr36.3m		25.0%PB2.1x
MORG Sparebanken Mørekr82.510.7%
+kr29.6m		8.6%PB0.4x
AURG Aurskog Sparebankkr222.002.3%
+kr22.7m		4.7%PB0.5x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

SOON

kr66.65

SpareBank 1 Sørøst-Norge

7D

-1.2%

1Y

32.2%

LEA

kr8.40

Lea Bank

7D

9.1%

1Y

-2.6%

SOR

kr146.52

Sparebanken Sør

7D

-1.7%

1Y

17.7%

SRBNK

kr128.20

SpareBank 1 SR-Bank

7D

-2.7%

1Y

2.8%

SOGN

kr186.00

Sogn Sparebank

7D

2.0%

1Y

28.3%

MING

kr147.90

SpareBank 1 SMN

7D

-1.1%

1Y

7.5%

DNB

kr205.70

DNB Bank

7D

1.6%

1Y

5.2%

AURG

kr222.00

Aurskog Sparebank

7D

2.3%

1Y

4.7%

APRILA

kr7.50

Aprila Bank

7D

7.1%

1Y

25.0%

HELG

kr122.60

SpareBank 1 Helgeland

7D

-2.7%

1Y

-0.3%

KRAB

kr8.60

Kraft Bank

7D

1.2%

1Y

7.5%

SPOL

kr130.40

SpareBank 1 Østlandet

7D

-2.7%

1Y

1.6%

Here's Why We Think SpareBank 1 Østlandet (OB:SPOL) Is Well Worth Watching

Apr 27
Here's Why We Think SpareBank 1 Østlandet (OB:SPOL) Is Well Worth Watching

MORG

kr82.51

Sparebanken Møre

7D

0.7%

1Y

8.6%

Earnings Miss: Sparebanken Møre Missed EPS By 8.0% And Analysts Are Revising Their Forecasts

Apr 27
Earnings Miss: Sparebanken Møre Missed EPS By 8.0% And Analysts Are Revising Their Forecasts

SVEG

kr123.20

Sparebanken Vest

7D

-2.6%

1Y

23.3%

NISB

kr117.00

Nidaros Sparebank

7D

2.6%

1Y

1.7%

SOAG

kr326.00

SpareBank 1 Østfold Akershus

7D

-2.1%

1Y

3.8%