Sparebanken NorgeSPIZF 62 PB Ratio is 0.66 as of Jun. 29, 2026, which is 40% above its 10-year median of 0.47. GuruFocus rates SPIZF with a GF Score™ of 62/100 and a GF Value™ of $18.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,519 Banks companies, Sparebanken Norge ranks better than 82.62% on this metric.
The historical rank and industry rank for Sparebanken Norge's PB Ratio or its related term are showing as below:
SPIZF'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.47 Max: 1.07
Current: 0.63
During the past 13 years, Sparebanken Norge's highest PB Ratio was 1.07. The lowest was 0.17. And the median was 0.47.
SPIZF's PB Ratio is ranked better than 82.62% of 1519
companies
in the Banks industry
Industry Median: 1.09
vs SPIZF: 0.63
During the past 12 months, Sparebanken Norge's average Book Value Per Share Growth Rate was 96.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sparebanken Norge was 56.20% per year. The lowest was -56.80% per year. And the median was 4.55% per year.
Back to Basics: PB Ratio
Sparebanken Norge (OTCPK:SPIZF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Sparebanken Norge PB Ratio Related Terms
Sparebanken Norge PB Ratio Historical Data
* Premium members only.
The historical data trend for Sparebanken Norge's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Sparebanken Norge's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sparebanken Norge PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Sparebanken Norge's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sparebanken Norge's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Sparebanken Norge (SPIZF) has a PB Ratio of 0.66 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sparebanken Norge and its competitors. This is 40% above median its historical median of 0.47. Over the past decade, Sparebanken Norge's PB Ratio has ranged from 0.17 to 1.07. According to the industry distribution chart, Sparebanken Norge ranks #264 out of 1519 companies in the Banks industry, placing it in the top 17.4%.
Is Sparebanken Norge's PB Ratio too high?
Sparebanken Norge's current PB Ratio of 0.66 is 40% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.07. The Banks industry median PB Ratio is 1.09. Sparebanken Norge's value of 0.66 is 39.4% below this industry median. Based on the distribution chart, Sparebanken Norge ranks #264 out of 1519 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Sparebanken Norge has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken Norge's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Sparebanken Norge ranks #264 out of 1519 companies for PB Ratio. This places Sparebanken Norge in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.09. Sparebanken Norge's value of 0.66 is 39.4% below this benchmark. Historically, Sparebanken Norge's own PB Ratio has ranged from 0.17 to 1.07 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.09, Sparebanken Norge has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.09, based on 1,519 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sparebanken Norge's current PB Ratio of 0.66 is 39.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sparebanken Norge and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sparebanken Norge's current PB Ratio is 0.66, which is 40% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sparebanken Norge stock overvalued right now?
Based on GuruFocus' analysis, Sparebanken Norge (SPIZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.08, compared to a current price of $20.00 — trading 10.6% above its estimated fair value. The current PB Ratio is 0.66, which is 40% above median its 10-year median of 0.47 and 39.4% below the Banks industry median of 1.09. Sparebanken Norge's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sparebanken Norge (SPIZF), the current PB Ratio is 0.66 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sparebanken Norge (SPIZF) Overvalued in 2026?
Based on GuruFocus' analysis, Sparebanken Norge stock appears to be overvalued.
The current stock price of $20.00 is trading 10.6% above its estimated GF Value™ of $18.08.
GuruFocus considers Sparebanken Norge to be Modestly Overvalued.
Key valuation signals for SPIZF:
PB Ratio: 0.66 (40% above median its 10-year median of 0.47)
GF Value™: $18.08 vs. price of $20.00 (10.6% above fair value)
Industry Position: 39.4% below the Banks median (#264 of 1519)
No single metric tells the full story. See the SPIZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sparebanken Norge is a financial services company engaged in providing banking services. In addition, the Group delivers a wide range of banking services across savings, investments, payments, and insurance, as well as digital self-service solutions and personal advisory services, both in person and online. The group operates in five reportable segments: Corporate Market, Retail Market, Bulder, Estate Agency, and Brage Finans. The majority of its revenue is generated from the Retail market segment.
62GF Score
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