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Norwegian (OSEAX) Banks Industry Analysis

UpdatedAug 17, 2024
DataAggregated Company Financials
Companies41
  • 7D3.4%
  • 3M7.5%
  • 1Y8.7%
  • YTD6.6%

Over the last 7 days, the Banks industry has risen 3.4%, driven by gains from DNB Bank of 3.5%. This means that the industry has gained 8.7% over the past year. As for the next few years, earnings are forecast to decline by 1.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Aug 2024NOK 481.9bNOK 139.8bNOK 58.2b9.2x8.3x3.4x
Mon, 15 Jul 2024NOK 470.9bNOK 138.2bNOK 56.8b9.1x8.3x3.4x
Wed, 12 Jun 2024NOK 452.5bNOK 136.1bNOK 55.5b8.9x8.2x3.3x
Fri, 10 May 2024NOK 457.6bNOK 134.5bNOK 54.8b9.4x8.4x3.4x
Sun, 07 Apr 2024NOK 473.6bNOK 134.2bNOK 54.8b9.2x8.6x3.5x
Tue, 05 Mar 2024NOK 466.4bNOK 133.9bNOK 55.4b8.8x8.4x3.5x
Thu, 01 Feb 2024NOK 454.1bNOK 130.5bNOK 53.9b9.4x8.4x3.5x
Sat, 30 Dec 2023NOK 472.1bNOK 130.3bNOK 53.9b9.2x8.8x3.6x
Mon, 27 Nov 2023NOK 448.1bNOK 130.2bNOK 53.8b8.7x8.3x3.4x
Wed, 25 Oct 2023NOK 450.2bNOK 128.0bNOK 53.1b9.3x8.5x3.5x
Fri, 22 Sep 2023NOK 473.5bNOK 124.2bNOK 50.8b9.4x9.3x3.8x
Sun, 20 Aug 2023NOK 458.8bNOK 123.8bNOK 51.7b8.9x8.9x3.7x
Tue, 18 Jul 2023NOK 442.7bNOK 121.4bNOK 49.8b9.7x8.9x3.6x
Thu, 15 Jun 2023NOK 429.6bNOK 118.5bNOK 48.3b9.8x8.9x3.6x
Sat, 13 May 2023NOK 413.5bNOK 117.7bNOK 48.2b10.2x8.6x3.5x
Mon, 10 Apr 2023NOK 421.0bNOK 111.5bNOK 44.7b10.3x9.4x3.8x
Wed, 08 Mar 2023NOK 453.0bNOK 110.8bNOK 44.7b10.5x10.1x4.1x
Fri, 03 Feb 2023NOK 416.6bNOK 106.7bNOK 40.0b10.8x10.4x3.9x
Sun, 01 Jan 2023NOK 429.4bNOK 106.7bNOK 40.0b11.1x10.7x4x
Tue, 29 Nov 2022NOK 414.9bNOK 106.6bNOK 40.1b9.9x10.3x3.9x
Thu, 27 Oct 2022NOK 397.8bNOK 105.8bNOK 40.1b9.8x9.9x3.8x
Sat, 24 Sep 2022NOK 393.2bNOK 104.1bNOK 38.9b10.2x10.1x3.8x
Mon, 22 Aug 2022NOK 431.6bNOK 104.0bNOK 39.1b10.5x11x4.1x
Wed, 20 Jul 2022NOK 397.0bNOK 103.8bNOK 39.0b11.2x10.2x3.8x
Fri, 17 Jun 2022NOK 393.2bNOK 101.7bNOK 37.7b10.6x10.4x3.9x
Sun, 15 May 2022NOK 412.2bNOK 99.2bNOK 36.1b11.1x11.4x4.2x
Tue, 12 Apr 2022NOK 455.6bNOK 100.6bNOK 36.7b12.5x12.4x4.5x
Thu, 10 Mar 2022NOK 459.2bNOK 103.4bNOK 38.6b11.8x11.9x4.4x
Sat, 05 Feb 2022NOK 508.3bNOK 99.8bNOK 38.8b12.9x13.1x5.1x
Mon, 03 Jan 2022NOK 167.5bNOK 45.5bNOK 13.9b12.2x12x3.7x
Wed, 01 Dec 2021NOK 161.5bNOK 45.5bNOK 13.9b11.6x11.6x3.5x
Fri, 29 Oct 2021NOK 494.1bNOK 93.1bNOK 34.5b11.6x14.3x5.3x
Sun, 26 Sep 2021NOK 449.4bNOK 93.1bNOK 34.5b11.3x13x4.8x
Tue, 24 Aug 2021NOK 440.1bNOK 93.0bNOK 34.5b11.1x12.8x4.7x
Price to Earnings Ratio

12.8x


Total Market Cap: NOK 440.1bTotal 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 8.3x 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 3.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.31%
Financials3.03%
Banks3.44%
Regional Banks3.77%
Diversified Banks3.35%
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 8.3%, 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 8.3% 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 4.2% 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 BankNOK 222.003.5%
+NOK 11.0b		6.0%PB1.2x
SRBNK SpareBank 1 SR-BankNOK 136.605.7%
+NOK 1.9b		8.8%PB1.1x
MING SpareBank 1 SMNNOK 159.664.6%
+NOK 1.0b		12.4%PB0.8x
SPOL SpareBank 1 ØstlandetNOK 149.303.7%
+NOK 613.9m		17.2%PB0.8x
SVEG Sparebanken VestNOK 137.623.3%
+NOK 482.6m		26.3%PB0.6x
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Latest News

MORG

NOK 83.60

Sparebanken Møre

7D

-1.2%

1Y

9.9%

LEA

NOK 7.80

Lea Bank

7D

-2.5%

1Y

-5.1%

SB68

NOK 158.02

Sparebank 68° Nord

7D

-1.2%

1Y

-3.6%

News Flash: One Sparebank 68° Nord (OB:SB68) Analyst Has Been Trimming Their Revenue Forecasts

Aug 16
News Flash: One Sparebank 68° Nord (OB:SB68) Analyst Has Been Trimming Their Revenue Forecasts

SRBNK

NOK 136.60

SpareBank 1 SR-Bank

7D

5.7%

1Y

8.8%

We Ran A Stock Scan For Earnings Growth And SpareBank 1 SR-Bank (OB:SRBNK) Passed With Ease

Aug 16
We Ran A Stock Scan For Earnings Growth And SpareBank 1 SR-Bank (OB:SRBNK) Passed With Ease

SVEG

NOK 137.62

Sparebanken Vest

7D

3.3%

1Y

26.3%

Sparebanken Vest Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 16
Sparebanken Vest Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

SOR

NOK 158.44

Sparebanken Sør

7D

-3.2%

1Y

24.8%

NONG

NOK 109.46

SpareBank 1 Nord-Norge

7D

4.2%

1Y

11.4%

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 149.30

SpareBank 1 Østlandet

7D

3.7%

1Y

17.2%

SOON

NOK 70.00

SpareBank 1 Sørøst-Norge

7D

1.7%

1Y

36.7%

MING

NOK 159.66

SpareBank 1 SMN

7D

4.6%

1Y

12.4%

DNB

NOK 222.00

DNB Bank

7D

3.5%

1Y

6.0%

AASB

NOK 114.78

Aasen Sparebank

7D

-0.5%

1Y

-4.4%

KRAB

NOK 8.70

Kraft Bank

7D

-3.3%

1Y

5.5%

NISB

NOK 96.60

Nidaros Sparebank

7D

-2.4%

1Y

-16.7%

SOAG

NOK 360.00

SpareBank 1 Østfold Akershus

7D

2.6%

1Y

15.4%