SpareBank 1 SMN MING.OL
NorwayFinancial Services · Banks - RegionalEuronext Oslo Børs · NOK
225.00 NOK (+7.4%)
4 analysts
XTB1.00 €affiliateOpen account ↗
Interactive Brokers4.74 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗Interactive Brokers4.74 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
SpareBank 1 SMN is a Norwegian regional bank offering retail and corporate financial services, including banking, insurance, and asset management, primarily in central Norway.
Listed on Euronext Oslo Børs · Symbol MING.OL · OB: MING · Currency NOK
Key points
from its scores- ✓High-quality business9.8
- ✓Favourable backdrop8.6
- ✓Attractive dividend8.0
- ✕Weak growth4.6
- !Weak share-price trend5.1
AI analysis
bottom line, main risk, context and newsThe combination of reasonable valuation, high profitability, and sustainable dividend compensates for limited growth.
SpareBank 1 SMN shows solid financial health (ROE 14.1%, ROA 1.66%) and exceptional moat quality (net margin 47.72%), with an attractive valuation (P/E 11.36, P/B adjusted 0.76) and a net dividend yield of 5.80%, although revenue growth is flat (-0.4%).
The main risk is exposure to the Norwegian credit cycle and potential stricter regulatory capital requirements, which could pressure future profitability.
Context and risks
SpareBank 1 SMN operates under a stable Nordic banking regulatory framework, but with active supervision on capital requirements and countercyclical buffers. Governance risk is moderate, in line with the country reference, with no specific regulatory or geopolitical events materially affecting the entity.
Is SpareBank 1 SMN stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 30% below the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.4 | 13.7 | −17% |
| Price / book | 1.1 | 1.9 | −42% |
| Price / sales | 3.5 | 3.5 | +0% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.1 out of 10 (median for Financial Services: 5.2).
Average analyst target: 225.00 NOK, +7.4% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.5 (sector 5.5), Growth 4.6 (sector 6.9).
Classic formulas with standard assumptions (7.7% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 11.4
- Forward P/E
- 10.6
- Price / book
- 1.1
- Price / sales
- 3.5
- PEG
- 2.71
- Market cap
- 30.2B NOK
- Enterprise value
- 35.3B NOK
Profitability
- ROE
- 14.1%
- ROA
- 1.7%
- ROIC (approx.)
- 6.1%
- Gross margin
- 0.0%
- Operating margin
- 61.8%
- Net margin
- 47.7%
Solvency
- Total debt
- 60.1B NOK
- Net debt
- 4.4B NOK
- Cash
- 55.6B NOK
Growth
- Revenue growth
- −0.4%
- Earnings growth
- +4.0%
- EPS (TTM)
- 18.43 NOK
- EPS (forward)
- 19.84 NOK
Dividend
- Dividend yield
- 6.4%
- Payout
- 73.2%
Risk and market
- Beta
- 0.39
- Analyst consensus
- Buy (4)
- Target price
- 225.00 NOK
- 52-week range
- 181.72 – 222.90
Recent news
All MING.OL news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about SpareBank 1 SMN
Is SpareBank 1 SMN stock cheap or expensive?
On P/E and Price / book, it trades 30% below the Financial Services median on average. Valuation score: 7.1 out of 10 (median for Financial Services: 5.2). Average analyst target: 225.00 NOK, +7.4% versus the price. This is not investment advice.
What score does SpareBank 1 SMN get on MeridIAn Screener?
It scores 7.3 out of 10, rank 94 of 2,130 (better than 95% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Growth (4.6). Analysis of 08/10/2026.
What is SpareBank 1 SMN's P/E ratio?
Its P/E is 11.4: the share price equals 11.4 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 10.6.
How much is SpareBank 1 SMN worth on the stock market?
Its market capitalisation is 30.2B NOK.
Does SpareBank 1 SMN pay a dividend?
Yes: its dividend yield is 6.45% and it pays out 73% of its earnings.
How has SpareBank 1 SMN stock performed over the last year?
It has risen 16.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 181.72 and 222.90 NOK. Past performance does not guarantee future results.
What do analysts think of SpareBank 1 SMN?
4 analysts cover it; their average recommendation is “Buy” and their average target is 225.00 NOK (+7.4% versus the price). It is an estimate, not market data.