SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 12
Norwegian (OSEAX) Banks Industry Analysis
UpdatedJul 01, 2024
DataAggregated Company Financials
Companies40
- 7D-0.6%
- 3M-1.0%
- 1Y4.9%
- YTD0.6%
In the last week, Banks has been flat. As for the the longer term, the industry is up 5.5% over the past 12 months. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Norwegian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Jul 2024 | NOK 455.5b | NOK 136.1b | NOK 55.4b | 9x | 8.2x | 3.3x |
| Wed, 29 May 2024 | NOK 463.3b | NOK 136.1b | NOK 55.8b | 8.8x | 8.3x | 3.4x |
| Fri, 26 Apr 2024 | NOK 461.7b | NOK 133.6b | NOK 54.3b | 9.5x | 8.5x | 3.5x |
| Sun, 24 Mar 2024 | NOK 465.7b | NOK 134.2b | NOK 54.9b | 9.1x | 8.5x | 3.5x |
| Tue, 20 Feb 2024 | NOK 458.1b | NOK 133.9b | NOK 55.2b | 8.7x | 8.3x | 3.4x |
| Thu, 18 Jan 2024 | NOK 457.5b | NOK 130.3b | NOK 53.9b | 9.3x | 8.5x | 3.5x |
| Sat, 16 Dec 2023 | NOK 460.7b | NOK 130.3b | NOK 54.0b | 9x | 8.5x | 3.5x |
| Mon, 13 Nov 2023 | NOK 439.2b | NOK 130.0b | NOK 53.9b | 8.8x | 8.2x | 3.4x |
| Wed, 11 Oct 2023 | NOK 468.2b | NOK 124.2b | NOK 50.8b | 9.4x | 9.2x | 3.8x |
| Fri, 08 Sep 2023 | NOK 458.4b | NOK 123.8b | NOK 50.6b | 9.2x | 9.1x | 3.7x |
| Sun, 06 Aug 2023 | NOK 459.0b | NOK 121.5b | NOK 49.7b | 9.9x | 9.2x | 3.8x |
| Tue, 04 Jul 2023 | NOK 447.6b | NOK 118.6b | NOK 48.3b | 9.8x | 9.3x | 3.8x |
| Thu, 01 Jun 2023 | NOK 415.6b | NOK 118.4b | NOK 48.3b | 9.8x | 8.6x | 3.5x |
| Sat, 29 Apr 2023 | NOK 421.9b | NOK 111.5b | NOK 44.6b | 10.7x | 9.5x | 3.8x |
| Mon, 27 Mar 2023 | NOK 404.2b | NOK 111.5b | NOK 44.9b | 10.1x | 9x | 3.6x |
| Wed, 22 Feb 2023 | NOK 442.2b | NOK 110.6b | NOK 44.9b | 10.2x | 9.8x | 4x |
| Fri, 20 Jan 2023 | NOK 407.7b | NOK 106.7b | NOK 40.0b | 10.7x | 10.2x | 3.8x |
| Sun, 18 Dec 2022 | NOK 410.4b | NOK 106.7b | NOK 40.0b | 10.4x | 10.3x | 3.8x |
| Tue, 15 Nov 2022 | NOK 408.9b | NOK 106.6b | NOK 40.1b | 9.9x | 10.2x | 3.8x |
| Thu, 13 Oct 2022 | NOK 386.0b | NOK 104.1b | NOK 38.8b | 10.2x | 9.9x | 3.7x |
| Sat, 10 Sep 2022 | NOK 401.2b | NOK 104.1b | NOK 38.9b | 10.5x | 10.3x | 3.9x |
| Mon, 08 Aug 2022 | NOK 425.7b | NOK 103.9b | NOK 39.0b | 11.4x | 10.9x | 4.1x |
| Wed, 06 Jul 2022 | NOK 395.5b | NOK 101.7b | NOK 37.7b | 10.7x | 10.5x | 3.9x |
| Fri, 03 Jun 2022 | NOK 420.8b | NOK 99.4b | NOK 36.2b | 11.5x | 11.6x | 4.2x |
| Sun, 01 May 2022 | NOK 426.4b | NOK 100.6b | NOK 36.7b | 11.8x | 11.6x | 4.2x |
| Tue, 29 Mar 2022 | NOK 470.2b | NOK 100.6b | NOK 36.7b | 12.8x | 12.8x | 4.7x |
| Thu, 24 Feb 2022 | NOK 490.3b | NOK 103.4b | NOK 38.5b | 11.9x | 12.7x | 4.7x |
| Sat, 22 Jan 2022 | NOK 503.1b | NOK 99.9b | NOK 37.3b | 12.3x | 13.5x | 5x |
| Mon, 20 Dec 2021 | NOK 160.7b | NOK 45.5b | NOK 13.9b | 11.6x | 11.5x | 3.5x |
| Wed, 17 Nov 2021 | NOK 496.5b | NOK 96.3b | NOK 36.4b | 11.6x | 13.7x | 5.2x |
| Fri, 15 Oct 2021 | NOK 482.5b | NOK 93.1b | NOK 34.5b | 11.7x | 14x | 5.2x |
| Sun, 12 Sep 2021 | NOK 441.3b | NOK 93.1b | NOK 34.5b | 11.1x | 12.8x | 4.7x |
| Tue, 10 Aug 2021 | NOK 438.6b | NOK 93.0b | NOK 34.5b | 10.7x | 12.7x | 4.7x |
Price to Earnings Ratio
10.2x
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 4.0x 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 | 0.90% | |
| Financials | -0.83% | |
| Banks | -0.57% | |
| Diversified Banks | -0.52% | |
| Regional Banks | -0.76% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 10.1x.
- Analysts are expecting annual earnings growth of 7.9%, which is lower than the prior year's growth of 11.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.3x.
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 11% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 2.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PARB Pareto Bank | NOK 61.00 | 2.0% +NOK 92.1m | 22.1% | PB0.9x | |
| MORG Sparebanken Møre | NOK 84.50 | 2.1% +NOK 83.8m | 11.1% | PB0.5x | |
| RING SpareBank 1 Ringerike Hadeland | NOK 295.00 | 1.7% +NOK 78.3m | -7.8% | PB1x | |
| SOR Sparebanken Sør | NOK 148.60 | 0.8% +NOK 50.7m | 18.4% | PB0.4x | |
| MOBA Morrow Bank | NOK 4.85 | 2.8% +NOK 30.7m | 8.3% | PB0.5x |
