SB1NO.OL SB1NO.OL
NorwayFinancial Services · Banks - RegionalEuronext Oslo Børs · NOK
217.60 NOK (−1.5%)
5 analysts
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SB1NO.OL is a Norwegian regional bank offering traditional financial services (retail banking, loans, and deposits) to retail and corporate clients in Norway.
Listed on Euronext Oslo Børs · Symbol SB1NO.OL · OB: SB1NO · Currency NOK
Key points
from its scores- ✓High-quality business9.8
- ✓Favourable backdrop8.1
- ✓Attractive dividend7.8
- ✕Weak growth3.9
- ✕Fragile balance sheet4.8
AI analysis
bottom line, main risk, context and newsQuality and dividend are attractive, but the lack of revenue growth limits upside potential.
SB1NO.OL shows solid profitability (ROE 12.4%, net margin 48.91%) and a reasonable valuation (P/E 13.18), but revenue growth is negative (-2.5%), suggesting a weak business environment. The dividend is attractive (4.89% net) and well covered (payout 71.47%).
The contraction in revenues (-2.5%) in a rising rate environment could continue to pressure credit demand and the bank's growth.
Context and risks
The main risk is exposure to the Norwegian economy, with negative revenue growth in a context of rising ECB rates that pressures credit demand. Norway's institutional quality is high, but geographic concentration and weak revenue growth justify a moderate adjustment.
Is SB1NO.OL stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Financial Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.2 | 13.7 | −4% |
| Price / book | 1.7 | 1.9 | −10% |
| Price / sales | 6.1 | 3.5 | +77% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Financial Services: 5.2).
Average analyst target: 217.60 NOK, −1.5% versus the price.
Classic formulas with standard assumptions (10.0% 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
- 13.2
- Forward P/E
- 11.9
- Price / book
- 1.7
- Price / sales
- 6.1
- PEG
- 2.86
- Market cap
- 81.8B NOK
- Enterprise value
- 305.1B NOK
Profitability
- ROE
- 12.4%
- ROA
- 1.2%
- ROIC (approx.)
- 2.9%
- Gross margin
- 0.0%
- Operating margin
- 61.6%
- Net margin
- 48.9%
Solvency
- Total debt
- 232.7B NOK
- Net debt
- 223.0B NOK
- Cash
- 9.7B NOK
Growth
- Revenue growth
- −2.5%
- Earnings growth
- +2.4%
- EPS (TTM)
- 16.77 NOK
- EPS (forward)
- 18.52 NOK
Dividend
- Dividend yield
- 5.4%
- Payout
- 71.5%
Risk and market
- Beta
- 0.55
- Analyst consensus
- Hold (5)
- Target price
- 217.60 NOK
- 52-week range
- 169.20 – 232.50
Recent news
All SB1NO.OL news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about SB1NO.OL
Is SB1NO.OL stock cheap or expensive?
On P/E and Price / book, it trades in line with the Financial Services median (within 15%). Valuation score: 5.2 out of 10 (median for Financial Services: 5.2). Average analyst target: 217.60 NOK, −1.5% versus the price. This is not investment advice.
What score does SB1NO.OL get on MeridIAn Screener?
It scores 6.8 out of 10, rank 348 of 2,130 (better than 83% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Growth (3.9). Analysis of 08/10/2026.
What is SB1NO.OL's P/E ratio?
Its P/E is 13.2: the share price equals 13.2 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 11.9.
How much is SB1NO.OL worth on the stock market?
Its market capitalisation is 81.8B NOK.
Does SB1NO.OL pay a dividend?
Yes: its dividend yield is 5.43% and it pays out 71% of its earnings.
How has SB1NO.OL stock performed over the last year?
It has risen 32.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 169.20 and 232.50 NOK. Past performance does not guarantee future results.
What do analysts think of SB1NO.OL?
5 analysts cover it; their average recommendation is “Hold” and their average target is 217.60 NOK (−1.5% versus the price). It is an estimate, not market data.