SpareBank 1 Østfold Akershus

OB:SOAG Stock Report

Market Cap: NOK 4.7b

SpareBank 1 Østfold Akershus Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SOAG (NOK380) is trading below our estimate of fair value (NOK646.44)

Significantly Below Fair Value: SOAG is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SOAG. This is calculated by dividing SOAG's market cap by their current earnings.
What is SOAG's PE Ratio?
PE Ratio7.9x
EarningsNOK 599.00m
Market CapNOK 4.68b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SOAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.8x
MORG Sparebanken Møre
8.3x11.0%NOK 4.6b
HELG SpareBank 1 Helgeland
9.4x4.4%NOK 3.9b
ROGS Rogaland Sparebank
10.2x11.2%NOK 2.8b
NONG SpareBank 1 Nord-Norge
7.3x9.0%NOK 11.5b
SOAG SpareBank 1 Østfold Akershus
7.9x-9.1%NOK 4.7b

Price-To-Earnings vs Peers: SOAG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FFSB Flekkefjord Sparebank
1.4x4.1%US$15.07m
No more companies available in this PE range
SOAG 7.9xIndustry Avg. 8.3xNo. of Companies10PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SOAG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Norwegian Banks industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is SOAG'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.

SOAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio7.2x

Price-To-Earnings vs Fair Ratio: SOAG is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).

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 SOAG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 380.00
NOK 379.00
-0.3%
0.3%NOK 380.00NOK 378.00n/a2
Nov ’25NOK 378.00
NOK 374.00
-1.1%
1.1%NOK 378.00NOK 370.00n/a2
Oct ’25NOK 354.00
NOK 371.00
+4.8%
0.3%NOK 372.00NOK 370.00n/a2
Sep ’25NOK 364.00
NOK 371.00
+1.9%
0.3%NOK 372.00NOK 370.00n/a2
Aug ’25NOK 353.00
NOK 374.00
+5.9%
1.1%NOK 378.00NOK 370.00n/a2
Jul ’25NOK 336.00
NOK 373.50
+11.2%
0.9%NOK 377.00NOK 370.00n/a2
Jun ’25NOK 337.00
NOK 373.50
+10.8%
0.9%NOK 377.00NOK 370.00n/a2
May ’25NOK 328.00
NOK 378.50
+15.4%
2.2%NOK 387.00NOK 370.00n/a2
Apr ’25NOK 326.00
NOK 380.50
+16.7%
2.8%NOK 391.00NOK 370.00n/a2
Mar ’25NOK 330.00
NOK 380.50
+15.3%
2.8%NOK 391.00NOK 370.00n/a2
Feb ’25NOK 330.00
NOK 370.50
+12.3%
2.8%NOK 381.00NOK 360.00n/a2
Jan ’25NOK 320.00
NOK 370.50
+15.8%
2.8%NOK 381.00NOK 360.00n/a2
Dec ’24NOK 318.00
NOK 370.50
+16.5%
2.8%NOK 381.00NOK 360.00n/a2
Nov ’24NOK 320.00
NOK 365.50
+14.2%
4.2%NOK 381.00NOK 350.00NOK 378.002
Oct ’24NOK 312.00
NOK 365.50
+17.1%
4.2%NOK 381.00NOK 350.00NOK 354.002
Sep ’24NOK 322.00
NOK 365.50
+13.5%
4.2%NOK 381.00NOK 350.00NOK 364.002
Aug ’24NOK 316.00
NOK 378.00
+19.6%
0.8%NOK 381.00NOK 375.00NOK 353.002
Jul ’24NOK 320.00
NOK 378.00
+18.1%
0.8%NOK 381.00NOK 375.00NOK 336.002
Jun ’24NOK 318.00
NOK 378.00
+18.9%
0.8%NOK 381.00NOK 375.00NOK 337.002
May ’24NOK 322.00
NOK 383.00
+18.9%
2.1%NOK 391.00NOK 375.00NOK 328.002
Apr ’24NOK 316.00
NOK 385.50
+22.0%
2.7%NOK 396.00NOK 375.00NOK 326.002
Mar ’24NOK 336.00
NOK 385.50
+14.7%
2.7%NOK 396.00NOK 375.00NOK 330.002
Feb ’24NOK 320.00
NOK 370.00
+15.6%
1.4%NOK 375.00NOK 365.00NOK 330.002
Jan ’24NOK 316.00
NOK 368.00
+16.5%
1.9%NOK 375.00NOK 361.00NOK 320.002
Dec ’23NOK 300.00
NOK 368.00
+22.7%
1.9%NOK 375.00NOK 361.00NOK 318.002
Nov ’23NOK 298.00
NOK 365.00
+22.5%
2.7%NOK 375.00NOK 355.00NOK 320.002

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

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