Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Sparebanken Norge is a prominent Norwegian savings bank providing comprehensive banking and financial services. Formed through the 2025 merger of Sparebanken Vest and Sparebanken Sør, it operates primarily in the counties of Vestland and Rogaland, with headquarters in Bergen. The bank serves diverse customer segments via key business areas including Corporate Market for business clients, Private Market for retail banking, Bulder for specialized savings and investment products, Treasury for liquidity and funding management, and Real Estate Brokerage. Sparebanken Norge offers traditional services such as loans, deposits, mortgages, leasing, securities trading, and investment banking, alongside issuing senior preferred and non-preferred bonds to support its funding needs. Employing around 824 staff, it demonstrates strong financial metrics with a market capitalization exceeding 30 billion NOK, robust revenue streams, consistent profitability, and attractive dividend payouts reflecting its stable regional presence in Norway's competitive banking landscape.
NOK 184.90
NOK 0.02 (-0.01%)
Price from 2 days ago
56.29% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue grew 59.0% YoY.
Financial stocks carry unique risks (credit cycles, regulatory changes, interest rate sensitivity) that aren't captured by standard quality metrics.
8.2x earnings. Below the sector average, the market may be pricing in credit losses or regulatory headwinds, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 12.94B
▲ +59.0% YoY
Net Income (TTM)
NOK 7.26B
▲ +41.3% YoY
Net Margin
56.08%
P/E
8.2x
Balance Sheet
Total Assets
NOK 581.72B
Equity
NOK 54.75B
Total Debt
NOK 198.06B
Cash & Equiv.
NOK 86M
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At a P/E of 8.2 and a price-to-free-cash-flow of 3.9, Sparebanken Norge (SBNOR.XOSL) trades below a two-stage DCF intrinsic value of about NOK 1,250.38 per share, so at NOK 184.90 the stock looks undervalued (576.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Sparebanken Norge scores 71/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 1,250.38 per share for SBNOR.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 937.79. At today's NOK 184.90, that puts the stock about 576.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Sparebanken Norge scores 71 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Sparebanken Norge pays a regular dividend of about NOK 13.60 per share per year (typically in quarterly installments), a yield of roughly 7.4% at the current price. That is a payout ratio of about 32.5% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SBNOR.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. SBNOR.XOSL currently trades below its estimated intrinsic value and scores 71/100 on quality (solid). It also yields about 7.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.