Here's Why We Think SpareBank 1 Østlandet (OB:SPOL) Is Well Worth Watching
Apr 27
Norwegian (OSEAX) Diversified Banks Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies9
- 7D-0.1%
- 3M-0.4%
- 1Y9.3%
- YTDn/a
The Diversified Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 11% over the past 12 months. Looking forward, earnings are forecast to decline by 3.0% per year.
Industry Valuation and Performance
Has the Norwegian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr354.8b | kr97.3b | kr43.0b | 8.1x | 8.2x | 3.6x |
| Tue, 16 Apr 2024 | kr372.4b | kr97.6b | kr43.3b | 8.7x | 8.6x | 3.8x |
| Thu, 14 Mar 2024 | kr366.0b | kr97.6b | kr43.3b | 8.9x | 8.5x | 3.7x |
| Sat, 10 Feb 2024 | kr348.7b | kr97.5b | kr43.3b | 9.3x | 8.1x | 3.6x |
| Mon, 08 Jan 2024 | kr370.8b | kr95.8b | kr43.2b | 9.5x | 8.6x | 3.9x |
| Wed, 06 Dec 2023 | kr362.9b | kr95.8b | kr43.2b | 8.6x | 8.4x | 3.8x |
| Fri, 03 Nov 2023 | kr347.1b | kr95.7b | kr43.1b | 8.9x | 8.1x | 3.6x |
| Sun, 01 Oct 2023 | kr373.8b | kr91.5b | kr40.7b | 9.2x | 9.2x | 4.1x |
| Tue, 29 Aug 2023 | kr370.5b | kr91.2b | kr40.6b | 9.4x | 9.1x | 4.1x |
| Thu, 27 Jul 2023 | kr360.9b | kr90.6b | kr40.5b | 9.4x | 8.9x | 4x |
| Sat, 24 Jun 2023 | kr336.7b | kr87.8b | kr39.0b | 9x | 8.6x | 3.8x |
| Mon, 22 May 2023 | kr330.5b | kr87.7b | kr39.1b | 8.2x | 8.4x | 3.8x |
| Wed, 19 Apr 2023 | kr346.9b | kr82.1b | kr35.8b | 10x | 9.7x | 4.2x |
| Fri, 17 Mar 2023 | kr326.7b | kr82.1b | kr35.8b | 9.6x | 9.1x | 4x |
| Sun, 12 Feb 2023 | kr336.1b | kr78.7b | kr31.9b | 9.8x | 10.5x | 4.3x |
| Tue, 10 Jan 2023 | kr349.7b | kr78.7b | kr31.8b | 11.1x | 11x | 4.4x |
| Thu, 08 Dec 2022 | kr320.5b | kr78.7b | kr31.8b | 10.1x | 10.1x | 4.1x |
| Sat, 05 Nov 2022 | kr321.0b | kr78.8b | kr31.9b | 9.7x | 10.1x | 4.1x |
| Mon, 03 Oct 2022 | kr304.9b | kr76.3b | kr30.6b | 9.6x | 10x | 4x |
| Wed, 31 Aug 2022 | kr326.2b | kr76.3b | kr30.6b | 10.3x | 10.7x | 4.3x |
| Fri, 29 Jul 2022 | kr330.6b | kr76.5b | kr30.7b | 10x | 10.8x | 4.3x |
| Sun, 26 Jun 2022 | kr313.3b | kr74.4b | kr29.4b | 9.8x | 10.7x | 4.2x |
| Tue, 24 May 2022 | kr333.9b | kr72.1b | kr27.9b | 10.5x | 12x | 4.6x |
| Thu, 21 Apr 2022 | kr363.7b | kr73.5b | kr28.5b | 11.7x | 12.8x | 4.9x |
| Sat, 19 Mar 2022 | kr379.2b | kr76.4b | kr30.3b | 11.9x | 12.5x | 5x |
| Mon, 14 Feb 2022 | kr410.0b | kr74.0b | kr29.7b | 12.6x | 13.8x | 5.5x |
| Wed, 12 Jan 2022 | kr392.2b | kr74.1b | kr29.8b | 12.2x | 13.1x | 5.3x |
| Fri, 10 Dec 2021 | kr70.8b | kr19.7b | kr6.4b | 11.4x | 11x | 3.6x |
| Sun, 07 Nov 2021 | kr407.1b | kr68.7b | kr27.3b | 11.6x | 14.9x | 5.9x |
| Tue, 05 Oct 2021 | kr382.5b | kr68.6b | kr27.5b | 11x | 13.9x | 5.6x |
| Thu, 02 Sep 2021 | kr360.8b | kr68.6b | kr27.5b | 10.4x | 13.1x | 5.3x |
| Sat, 31 Jul 2021 | kr368.3b | kr72.2b | kr29.2b | 10.6x | 12.6x | 5.1x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are pessimistic on the Norwegian Diversified 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 8.2x which is lower than its 3-year average PE of 10.4x.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 87% per year over the last three years.
- Revenues for these companies have grown 70% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Norwegian Diversified Banks compare with similar industries?
| NO Market | -1.02% | |
| Financials | -0.41% | |
| Banks | -0.08% | |
| Diversified Banks | -0.10% | |
| Regional Banks | -0.007% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SOR Sparebanken Sør | kr150.00 | 2.4% +kr147.2m | 19.0% | PB0.4x | |
| SVEG Sparebanken Vest | kr128.72 | 0.7% +kr92.1m | 34.5% | PB0.6x | |
| SPOL SpareBank 1 Østlandet | kr134.80 | 0.5% +kr76.4m | 8.4% | PB0.8x |