Rogaland Sparebank

OB:ROGS Stock Report

Market Cap: NOK 2.9b

Rogaland Sparebank Valuation

Is ROGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 ROGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ROGS (NOK126) is trading below our estimate of fair value (NOK153.99)

Significantly Below Fair Value: ROGS is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ROGS?

Key metric: As ROGS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ROGS. This is calculated by dividing ROGS's market cap by their current earnings.
What is ROGS's PE Ratio?
PE Ratio10.6x
EarningsNOK 272.23m
Market CapNOK 2.89b

Price to Earnings Ratio vs Peers

How does ROGS's PE Ratio compare to its peers?

The above table shows the PE ratio for ROGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.5x
HELG SpareBank 1 Helgeland
9.4x4.7%NOK 3.9b
SOAG SpareBank 1 Østfold Akershus
7.9x-2.3%NOK 4.7b
MORG Sparebanken Møre
8.6x11.1%NOK 4.8b
JAREN Jæren Sparebank
12.1x20.9%NOK 1.6b
ROGS Rogaland Sparebank
10.6x11.4%NOK 2.9b

Price-To-Earnings vs Peers: ROGS is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (9.5x).

Price to Earnings Ratio vs Industry

How does ROGS's PE Ratio compare vs other companies in the NO Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FFSB Flekkefjord Sparebank
1.4x3.9%US$14.79m
No more companies available in this PE range
ROGS 10.6xIndustry Avg. 9.4xNo. of Companies13PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ROGS is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the Norwegian Banks industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is ROGS'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.

ROGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: ROGS is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ROGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 126.00
NOK 123.33
-2.1%
1.9%NOK 125.00NOK 120.00n/a3
Dec ’25NOK 122.98
NOK 123.33
+0.3%
1.9%NOK 125.00NOK 120.00n/a3
Nov ’25NOK 119.00
NOK 116.33
-2.2%
2.3%NOK 120.00NOK 114.00n/a3
Oct ’25NOK 107.10
NOK 114.67
+7.1%
0.4%NOK 115.00NOK 114.00n/a3
Sep ’25NOK 103.20
NOK 113.67
+10.1%
1.7%NOK 115.00NOK 111.00n/a3
Aug ’25NOK 101.22
NOK 110.67
+9.3%
3.0%NOK 115.00NOK 107.00n/a3
Jul ’25NOK 96.00
NOK 109.67
+14.2%
1.9%NOK 112.00NOK 107.00n/a3
Jun ’25NOK 99.00
NOK 108.67
+9.8%
3.1%NOK 112.00NOK 104.00n/a3
May ’25NOK 98.40
NOK 107.33
+9.1%
2.3%NOK 110.00NOK 104.00n/a3
Apr ’25NOK 101.00
NOK 111.00
+9.9%
0.9%NOK 112.00NOK 110.00n/a2
Mar ’25NOK 100.50
NOK 111.00
+10.4%
0.9%NOK 112.00NOK 110.00n/a2
Feb ’25NOK 94.80
NOK 102.50
+8.1%
2.4%NOK 105.00NOK 100.00n/a2
Jan ’25NOK 91.40
NOK 97.50
+6.7%
2.6%NOK 100.00NOK 95.00n/a2
Dec ’24NOK 86.00
NOK 97.50
+13.4%
2.6%NOK 100.00NOK 95.00NOK 122.982
Nov ’24NOK 82.40
NOK 92.50
+12.3%
2.7%NOK 95.00NOK 90.00NOK 119.002
Oct ’24NOK 83.40
NOK 94.00
+12.7%
1.1%NOK 95.00NOK 93.00NOK 107.102
Sep ’24NOK 84.80
NOK 94.00
+10.8%
1.1%NOK 95.00NOK 93.00NOK 103.202
Apr ’24NOK 86.60
NOK 100.00
+15.5%
5.0%NOK 105.00NOK 95.00NOK 101.002
Mar ’24NOK 96.00
NOK 100.00
+4.2%
5.0%NOK 105.00NOK 95.00NOK 100.502
Feb ’24NOK 93.40
NOK 101.00
+8.1%
5.9%NOK 107.00NOK 95.00NOK 94.802
Jan ’24NOK 93.80
NOK 100.00
+6.6%
5.0%NOK 105.00NOK 95.00NOK 91.402
Dec ’23NOK 88.40
NOK 100.00
+13.1%
5.0%NOK 105.00NOK 95.00NOK 86.002

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 05:47
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Rogaland Sparebank is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christian BernerBeringer Finance AB
Geir KristiansenBeringer Finance AB
Håkon AstrupDNB Markets