Sparebanken Vest Valuation
Is 0G67 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 0G67 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 0G67 (NOK132.8) is trading below our estimate of fair value (NOK329)
Significantly Below Fair Value: 0G67 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 0G67?
Key metric: As 0G67 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 0G67's PE Ratio? | |
|---|---|
| PE Ratio | 8x |
| Earnings | NOK 1.79b |
| Market Cap | NOK 14.39b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does 0G67's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.5x | ||
TBCG TBC Bank Group | 4.9x | 16.8% | UK£1.8b |
BGEO Bank of Georgia Group | 3.2x | -3.2% | UK£2.1b |
HSBK Halyk Bank of Kazakhstan | 3.3x | n/a | US$5.2b |
TCS TCS Group Holding | 6.5x | n/a | US$5.1b |
0G67 Sparebanken Vest | 8x | 19.8% | NOK 14.4b |
Price-To-Earnings vs Peers: 0G67 is expensive based on its Price-To-Earnings Ratio (8x) compared to the peer average (4.5x).
Price to Earnings Ratio vs Industry
How does 0G67's PE Ratio compare vs other companies in the European Banks Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 0G67 is expensive based on its Price-To-Earnings Ratio (8x) compared to the European Banks industry average (7.4x).
Price to Earnings Ratio vs Fair Ratio
What is 0G67's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8x |
| Fair PE Ratio | 6.3x |
Price-To-Earnings vs Fair Ratio: 0G67 is expensive based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (6.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | NOK 147.33 0% | 6.0% | NOK 155.00 | NOK 135.00 | n/a | 3 |
| Nov ’25 | n/a | NOK 148.00 0% | 6.2% | NOK 158.00 | NOK 135.00 | n/a | 4 |
| Oct ’25 | NOK 122.92 | NOK 145.40 +18.3% | 3.9% | NOK 150.00 | NOK 135.00 | n/a | 5 |
| Sep ’25 | n/a | NOK 145.00 0% | 4.0% | NOK 150.00 | NOK 135.00 | n/a | 5 |
| Aug ’25 | NOK 137.28 | NOK 141.40 +3.0% | 3.3% | NOK 148.00 | NOK 135.00 | n/a | 5 |
| Jul ’25 | NOK 129.40 | NOK 139.60 +7.9% | 2.6% | NOK 145.00 | NOK 134.00 | n/a | 5 |
| Jun ’25 | NOK 129.06 | NOK 139.20 +7.9% | 2.5% | NOK 145.00 | NOK 134.00 | n/a | 5 |
| May ’25 | NOK 126.66 | NOK 135.00 +6.6% | 3.7% | NOK 140.00 | NOK 128.00 | n/a | 5 |
| Apr ’25 | NOK 116.40 | NOK 131.40 +12.9% | 3.8% | NOK 139.00 | NOK 125.00 | n/a | 5 |
| Mar ’25 | NOK 116.59 | NOK 130.00 +11.5% | 2.6% | NOK 135.00 | NOK 125.00 | n/a | 5 |
| Feb ’25 | NOK 113.60 | NOK 126.80 +11.6% | 4.9% | NOK 135.00 | NOK 117.00 | n/a | 5 |
| Jan ’25 | NOK 109.13 | NOK 123.00 +12.7% | 3.7% | NOK 126.00 | NOK 114.00 | n/a | 5 |
| Dec ’24 | NOK 102.81 | NOK 122.20 +18.9% | 3.5% | NOK 125.00 | NOK 114.00 | n/a | 5 |
| Nov ’24 | NOK 102.60 | NOK 121.20 +18.1% | 3.4% | NOK 125.00 | NOK 114.00 | n/a | 5 |
| Oct ’24 | NOK 105.40 | NOK 121.20 +15.0% | 1.6% | NOK 125.00 | NOK 120.00 | NOK 122.92 | 5 |
| Sep ’24 | NOK 108.00 | NOK 121.00 +12.0% | 1.7% | NOK 125.00 | NOK 119.00 | n/a | 5 |
| Aug ’24 | NOK 107.20 | NOK 114.60 +6.9% | 0.7% | NOK 115.00 | NOK 113.00 | NOK 137.28 | 5 |
| Jul ’24 | NOK 103.00 | NOK 113.60 +10.3% | 2.5% | NOK 115.00 | NOK 108.00 | NOK 129.40 | 5 |
| Jun ’24 | NOK 94.70 | NOK 112.80 +19.1% | 2.5% | NOK 115.00 | NOK 108.00 | NOK 129.06 | 5 |
| May ’24 | NOK 99.90 | NOK 113.00 +13.1% | 2.4% | NOK 115.00 | NOK 108.00 | NOK 126.66 | 5 |
| Apr ’24 | NOK 92.00 | NOK 110.60 +20.2% | 6.7% | NOK 115.00 | NOK 96.00 | NOK 116.40 | 5 |
| Mar ’24 | NOK 100.00 | NOK 111.20 +11.2% | 6.8% | NOK 115.00 | NOK 96.00 | NOK 116.59 | 5 |
| Feb ’24 | NOK 94.67 | NOK 108.80 +14.9% | 6.1% | NOK 115.00 | NOK 96.00 | NOK 113.60 | 5 |
| Jan ’24 | NOK 92.10 | NOK 108.40 +17.7% | 6.0% | NOK 115.00 | NOK 96.00 | NOK 109.13 | 5 |
| Dec ’23 | NOK 87.58 | NOK 108.40 +23.8% | 6.0% | NOK 115.00 | NOK 96.00 | NOK 102.81 | 5 |
| Nov ’23 | NOK 90.30 | NOK 108.40 +20.0% | 6.0% | NOK 115.00 | NOK 96.00 | NOK 102.60 | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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