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Norwegian (OSEAX) Banks Industry Analysis

UpdatedJun 22, 2024
DataAggregated Company Financials
Companies40
  • 7D1.5%
  • 3M-0.4%
  • 1Y9.5%
  • YTD0.2%

In the last week, the Banks industry is up 2.6%, with DNB Bank up 3.2%. This means that the industry has gained 8.6% over the past year. 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
Sat, 22 Jun 2024kr464.2bkr136.1bkr55.4b8.9x8.4x3.4x
Mon, 20 May 2024kr459.3bkr135.1bkr55.1b9.1x8.3x3.4x
Wed, 17 Apr 2024kr474.0bkr134.2bkr54.8b9.2x8.6x3.5x
Fri, 15 Mar 2024kr468.6bkr134.1bkr55.1b8.9x8.5x3.5x
Sun, 11 Feb 2024kr448.1bkr133.1bkr57.8b8.9x7.8x3.4x
Tue, 09 Jan 2024kr471.6bkr130.3bkr53.9b9.3x8.8x3.6x
Thu, 07 Dec 2023kr460.4bkr130.2bkr53.8b8.9x8.6x3.5x
Sat, 04 Nov 2023kr437.8bkr128.1bkr53.4b9.7x8.2x3.4x
Mon, 02 Oct 2023kr465.6bkr124.2bkr50.9b9.2x9.2x3.7x
Wed, 30 Aug 2023kr461.5bkr123.7bkr50.7b9x9.1x3.7x
Fri, 28 Jul 2023kr454.9bkr121.5bkr49.7b9.8x9.1x3.7x
Sun, 25 Jun 2023kr426.8bkr118.6bkr48.3b9.7x8.8x3.6x
Tue, 23 May 2023kr419.4bkr118.6bkr48.5b9.4x8.6x3.5x
Thu, 20 Apr 2023kr442.4bkr111.5bkr44.7b10.6x9.9x4x
Sat, 18 Mar 2023kr410.1bkr110.8bkr44.9b9.2x9.1x3.7x
Mon, 13 Feb 2023kr424.1bkr106.4bkr40.6b10.4x10.5x4x
Wed, 11 Jan 2023kr426.2bkr106.7bkr40.0b10.8x10.7x4x
Fri, 09 Dec 2022kr400.9bkr106.6bkr40.0b10.2x10x3.8x
Sun, 06 Nov 2022kr400.0bkr106.7bkr40.4b9.7x9.9x3.7x
Tue, 04 Oct 2022kr383.3bkr104.1bkr38.9b10.1x9.9x3.7x
Thu, 01 Sep 2022kr418.4bkr104.1bkr38.9b11x10.8x4x
Sat, 30 Jul 2022kr418.1bkr103.9bkr39.0b11.3x10.7x4x
Mon, 27 Jun 2022kr394.2bkr101.7bkr37.7b11.3x10.5x3.9x
Wed, 25 May 2022kr419.9bkr99.4bkr36.2b11.4x11.6x4.2x
Fri, 22 Apr 2022kr460.3bkr100.6bkr36.7b12.6x12.5x4.6x
Sun, 20 Mar 2022kr474.6bkr103.4bkr38.5b12.5x12.3x4.6x
Tue, 15 Feb 2022kr506.9bkr101.0bkr38.2b12.3x13.3x5x
Thu, 13 Jan 2022kr491.0bkr99.9bkr37.3b12.6x13.1x4.9x
Sat, 11 Dec 2021kr161.9bkr45.5bkr13.9b11.7x11.6x3.6x
Mon, 08 Nov 2021kr498.6bkr94.0bkr34.8b11.8x14.3x5.3x
Wed, 06 Oct 2021kr469.3bkr93.1bkr34.5b11.5x13.6x5x
Fri, 03 Sep 2021kr443.4bkr93.0bkr34.5b11.2x12.9x4.8x
Sun, 01 Aug 2021kr444.3bkr96.6bkr36.1b10.8x12.3x4.6x
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 8.4x 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 Market0.98%
Financials1.58%
Banks1.50%
Regional Banks1.61%
Diversified Banks1.47%
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 11.1% 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 11% 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 Bankkr208.501.4%
+kr4.2b
9.2%PB1.1x
MING SpareBank 1 SMNkr152.002.8%
+kr590.9m
10.9%PB0.8x
SPOL SpareBank 1 Østlandetkr135.483.9%
+kr588.4m
5.8%PB0.8x
SRBNK SpareBank 1 SR-Bankkr130.001.4%
+kr475.5m
3.8%PB1x
SVEG Sparebanken Vestkr126.382.6%
+kr348.8m
26.1%PB0.6x
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Latest News

SPOL

kr135.48

SpareBank 1 Østlandet

7D

3.9%

1Y

5.8%

SOON

kr68.77

SpareBank 1 Sørøst-Norge

7D

3.2%

1Y

38.9%

LEA

kr8.25

Lea Bank

7D

-1.8%

1Y

-10.1%

SRBNK

kr130.00

SpareBank 1 SR-Bank

7D

1.4%

1Y

3.8%

MING

kr152.00

SpareBank 1 SMN

7D

2.8%

1Y

10.9%

DNB

kr208.50

DNB Bank

7D

1.4%

1Y

9.2%

VVL

kr250.00

Voss Veksel- og Landmandsbank

7D

-2.3%

1Y

13.6%

SB68

kr154.96

Sparebank 68° Nord

7D

-1.3%

1Y

-7.8%

INSTA

kr1.76

Instabank

7D

-2.5%

1Y

11.4%

SADG

kr95.00

Sandnes Sparebank

7D

-1.2%

1Y

12.6%

KRAB

kr8.35

Kraft Bank

7D

-2.9%

1Y

4.4%

SVEG

kr126.38

Sparebanken Vest

7D

2.6%

1Y

26.1%

NISB

kr115.00

Nidaros Sparebank

7D

-1.7%

1Y

0%

MMBANK

kr13.75

Maritime & Merchant Bank

7D

-1.8%

1Y

37.5%