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Norwegian (OSEAX) Banks Industry Analysis

UpdatedAug 11, 2024
DataAggregated Company Financials
Companies41
  • 7D-1.8%
  • 3M3.8%
  • 1Y3.8%
  • YTD3.1%

Over the last 7 days, the Banks industry has dropped 1.8%, driven by a pullback from DNB Bank of 1.9%. This takes the industry's 12 month performance to a gain of 3.8%. Looking forward, earnings are forecast to decline by 2.3% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Aug 2024NOK 465.9bNOK 139.3bNOK 59.5b9.1x7.8x3.3x
Wed, 10 Jul 2024NOK 449.0bNOK 136.5bNOK 55.6b9x8.1x3.3x
Fri, 07 Jun 2024NOK 457.4bNOK 136.1bNOK 55.7b9x8.2x3.4x
Sun, 05 May 2024NOK 446.5bNOK 134.3bNOK 54.7b9.5x8.2x3.3x
Tue, 02 Apr 2024NOK 470.2bNOK 134.2bNOK 54.9b9.1x8.6x3.5x
Thu, 29 Feb 2024NOK 464.2bNOK 133.9bNOK 55.2b8.9x8.4x3.5x
Sat, 27 Jan 2024NOK 471.2bNOK 130.5bNOK 53.9b9.4x8.7x3.6x
Mon, 25 Dec 2023NOK 461.4bNOK 130.3bNOK 53.9b9.1x8.6x3.5x
Wed, 22 Nov 2023NOK 445.9bNOK 130.2bNOK 53.9b8.7x8.3x3.4x
Fri, 20 Oct 2023NOK 454.1bNOK 124.2bNOK 50.8b9.3x8.9x3.7x
Sun, 17 Sep 2023NOK 472.9bNOK 124.2bNOK 50.9b9.2x9.3x3.8x
Tue, 15 Aug 2023NOK 464.2bNOK 122.8bNOK 51.3b9.4x9.1x3.8x
Thu, 13 Jul 2023NOK 436.7bNOK 118.6bNOK 48.3b9.8x9.1x3.7x
Sat, 10 Jun 2023NOK 430.4bNOK 118.5bNOK 48.3b9.8x8.9x3.6x
Mon, 08 May 2023NOK 416.5bNOK 117.3bNOK 47.9b10.7x8.7x3.6x
Wed, 05 Apr 2023NOK 421.4bNOK 111.5bNOK 44.8b10.1x9.4x3.8x
Fri, 03 Mar 2023NOK 455.0bNOK 110.8bNOK 44.7b10.4x10.2x4.1x
Sun, 29 Jan 2023NOK 417.3bNOK 106.7bNOK 40.0b10.8x10.4x3.9x
Tue, 27 Dec 2022NOK 425.7bNOK 106.7bNOK 40.0b10.8x10.7x4x
Thu, 24 Nov 2022NOK 412.8bNOK 106.6bNOK 40.2b9.8x10.3x3.9x
Sat, 22 Oct 2022NOK 392.5bNOK 104.1bNOK 38.8b10.1x10.1x3.8x
Mon, 19 Sep 2022NOK 402.5bNOK 104.1bNOK 38.9b10.5x10.4x3.9x
Wed, 17 Aug 2022NOK 434.6bNOK 103.6bNOK 39.9b11.6x10.9x4.2x
Fri, 15 Jul 2022NOK 401.6bNOK 103.9bNOK 39.0b10.7x10.3x3.9x
Sun, 12 Jun 2022NOK 410.5bNOK 99.4bNOK 36.2b11.2x11.4x4.1x
Tue, 10 May 2022NOK 397.9bNOK 99.2bNOK 36.1b11.1x11x4x
Thu, 07 Apr 2022NOK 443.5bNOK 100.6bNOK 36.7b12.4x12.1x4.4x
Sat, 05 Mar 2022NOK 449.6bNOK 103.4bNOK 38.4b11.7x11.7x4.3x
Mon, 31 Jan 2022NOK 504.4bNOK 99.8bNOK 37.7b12.2x13.4x5.1x
Wed, 29 Dec 2021NOK 165.2bNOK 45.5bNOK 13.9b12x11.9x3.6x
Fri, 26 Nov 2021NOK 164.3bNOK 45.5bNOK 13.9b11.9x11.8x3.6x
Sun, 24 Oct 2021NOK 496.6bNOK 93.1bNOK 34.6b11.8x14.4x5.3x
Tue, 21 Sep 2021NOK 428.4bNOK 93.1bNOK 34.5b11x12.4x4.6x
Thu, 19 Aug 2021NOK 439.1bNOK 93.0bNOK 34.5b11.2x12.7x4.7x
Price to Earnings Ratio

12.7x


Total Market Cap: NOK 439.1bTotal Earnings: NOK 34.5bTotal Revenue: NOK 93.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Banks Industry Price to Earnings3Y Average 10.2x202220232024
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 7.8x which is lower than its 3-year average PE of 10.2x.
  • 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 20% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.54%
Financials-1.35%
Banks-1.85%
Diversified Banks-1.67%
Regional Banks-2.47%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 10.2x.
    • Analysts are expecting annual earnings decline of 4.3%, which is lower than the prior year's growth of 14.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 5.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 14% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 4.3% 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
SOON SpareBank 1 Sørøst-NorgeNOK 68.801.2%
+NOK 111.9m		31.8%PB0.7x
HELG SpareBank 1 HelgelandNOK 126.903.1%
+NOK 104.2m		-0.08%PB0.7x
SOR Sparebanken SørNOK 163.640.8%
+NOK 51.5m		29.4%PB0.4x
JAREN Jæren SparebankNOK 300.000.7%
+NOK 9.9m		18.1%PB0.6x
SNOR SpareBank 1 NordmøreNOK 123.020.8%
+NOK 9.2m		0.8%PB0.3x
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Latest News

NONG

NOK 105.04

SpareBank 1 Nord-Norge

7D

-0.6%

1Y

8.4%

SpareBank 1 Nord-Norge (OB:NONG) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Aug 11
SpareBank 1 Nord-Norge (OB:NONG) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

SPOL

NOK 144.00

SpareBank 1 Østlandet

7D

-0.8%

1Y

15.9%

SOON

NOK 68.80

SpareBank 1 Sørøst-Norge

7D

1.2%

1Y

31.8%

MING

NOK 152.70

SpareBank 1 SMN

7D

-3.7%

1Y

5.7%

SRBNK

NOK 129.20

SpareBank 1 SR-Bank

7D

-5.0%

1Y

-0.2%

ROGS

NOK 100.32

Sandnes Sparebank

7D

-2.3%

1Y

18.6%

JAREN

NOK 300.00

Jæren Sparebank

7D

0.7%

1Y

18.1%

DNB

NOK 214.40

DNB Bank

7D

-1.9%

1Y

1.0%

PARB

NOK 64.30

Pareto Bank

7D

-1.4%

1Y

20.4%

SOR

NOK 163.64

Sparebanken Sør

7D

0.8%

1Y

29.4%

MOBA

NOK 5.46

Morrow Bank

7D

0.4%

1Y

38.2%

HELG

NOK 126.90

SpareBank 1 Helgeland

7D

3.1%

1Y

-0.08%

KRAB

NOK 9.00

Kraft Bank

7D

1.1%

1Y

12.5%

MORG

NOK 84.65

Sparebanken Møre

7D

0.2%

1Y

11.5%

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

SNOR

NOK 123.02

SpareBank 1 Nordmøre

7D

0.8%

1Y

0.8%

SOAG

NOK 351.00

SpareBank 1 Østfold Akershus

7D

-0.6%

1Y

12.5%