SpareBank 1 Nord-Norge (OB:NONG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 12
Norwegian (OSEAX) Regional Banks Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies30
- 7D-0.007%
- 3M4.1%
- 1Y13.4%
- YTDn/a
The Regional Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 8.2% per annum.
Industry Valuation and Performance
Has the Norwegian Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr104.6b | kr37.8b | kr12.1b | 9.5x | 8.7x | 2.8x |
| Tue, 16 Apr 2024 | kr101.7b | kr36.5b | kr11.5b | 9.4x | 8.8x | 2.8x |
| Thu, 14 Mar 2024 | kr103.1b | kr36.5b | kr11.8b | 9.1x | 8.7x | 2.8x |
| Sat, 10 Feb 2024 | kr99.6b | kr34.7b | kr10.9b | 9.4x | 9.1x | 2.9x |
| Mon, 08 Jan 2024 | kr98.5b | kr34.5b | kr10.7b | 9.2x | 9.2x | 2.9x |
| Wed, 06 Dec 2023 | kr92.3b | kr34.4b | kr10.6b | 9x | 8.7x | 2.7x |
| Fri, 03 Nov 2023 | kr90.4b | kr32.5b | kr10.3b | 9.8x | 8.8x | 2.8x |
| Sun, 01 Oct 2023 | kr91.9b | kr32.7b | kr10.2b | 9.1x | 9x | 2.8x |
| Tue, 29 Aug 2023 | kr94.0b | kr32.5b | kr10.2b | 9x | 9.2x | 2.9x |
| Thu, 27 Jul 2023 | kr91.9b | kr30.9b | kr9.3b | 9.8x | 9.9x | 3x |
| Sat, 24 Jun 2023 | kr90.1b | kr30.9b | kr9.3b | 9.9x | 9.7x | 2.9x |
| Mon, 22 May 2023 | kr89.0b | kr30.7b | kr9.2b | 10.2x | 9.7x | 2.9x |
| Wed, 19 Apr 2023 | kr88.6b | kr29.4b | kr8.8b | 10.8x | 10x | 3x |
| Fri, 17 Mar 2023 | kr85.6b | kr28.7b | kr9.0b | 9.4x | 9.5x | 3x |
| Sun, 12 Feb 2023 | kr88.0b | kr27.7b | kr8.6b | 10.6x | 10.2x | 3.2x |
| Tue, 10 Jan 2023 | kr87.8b | kr28.0b | kr8.2b | 10.8x | 10.7x | 3.1x |
| Thu, 08 Dec 2022 | kr82.7b | kr27.9b | kr8.2b | 10.6x | 10.1x | 3x |
| Sat, 05 Nov 2022 | kr79.0b | kr27.9b | kr8.5b | 9.7x | 9.3x | 2.8x |
| Mon, 03 Oct 2022 | kr77.5b | kr27.8b | kr8.3b | 10.2x | 9.4x | 2.8x |
| Wed, 31 Aug 2022 | kr84.1b | kr27.8b | kr8.3b | 11.2x | 10.2x | 3x |
| Fri, 29 Jul 2022 | kr81.9b | kr27.4b | kr8.3b | 11.5x | 9.9x | 3x |
| Sun, 26 Jun 2022 | kr80.9b | kr27.3b | kr8.3b | 11.6x | 9.8x | 3x |
| Tue, 24 May 2022 | kr86.1b | kr27.3b | kr8.3b | 11.5x | 10.4x | 3.2x |
| Thu, 21 Apr 2022 | kr94.9b | kr27.1b | kr8.2b | 13x | 11.5x | 3.5x |
| Sat, 19 Mar 2022 | kr95.4b | kr27.0b | kr8.2b | 12.8x | 11.6x | 3.5x |
| Mon, 14 Feb 2022 | kr98.8b | kr26.9b | kr8.5b | 12.4x | 11.7x | 3.7x |
| Wed, 12 Jan 2022 | kr96.6b | kr25.9b | kr7.5b | 12.6x | 12.9x | 3.7x |
| Fri, 10 Dec 2021 | kr90.3b | kr25.9b | kr7.5b | 11.6x | 12x | 3.5x |
| Sun, 07 Nov 2021 | kr91.6b | kr25.3b | kr7.5b | 11.8x | 12.3x | 3.6x |
| Tue, 05 Oct 2021 | kr85.4b | kr24.5b | kr7.0b | 11.8x | 12.3x | 3.5x |
| Thu, 02 Sep 2021 | kr80.8b | kr24.4b | kr6.9b | 11.3x | 11.6x | 3.3x |
| Sat, 31 Jul 2021 | kr76.0b | kr24.4b | kr6.9b | 11x | 10.9x | 3.1x |
Price to Earnings Ratio
11.7x
Current Industry PE
- Investors are pessimistic on the Norwegian Regional 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 8.7x which is lower than its 3-year average PE of 10.3x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 18% 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 Regional Banks compare with similar industries?
| NO Market | -1.02% | |
| Financials | -0.41% | |
| Banks | -0.08% | |
| Regional Banks | -0.007% | |
| Diversified Banks | -0.10% | |
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 | |
|---|---|---|---|---|---|
| SOON SpareBank 1 Sørøst-Norge | kr70.08 | 0.7% +kr68.5m | 36.9% | PB0.7x | |
| MORG Sparebanken Møre | kr85.50 | 1.2% +kr48.3m | 10.9% | PB0.5x | |
| SADG Sandnes Sparebank | kr99.89 | 1.4% +kr29.2m | 15.3% | PB0.6x | |
| KRAB Kraft Bank | kr8.95 | 5.3% +kr18.9m | 5.3% | PB0.8x | |
| SNOR SpareBank 1 Nordmøre | kr124.00 | 1.6% +kr18.1m | 5.1% | PB0.3x |
