Sparebanken MoreOSL:MORG -0.04%64 PE Ratio without NRI is 10.72 as of Jul. 02, 2026, which is 45% above its 10-year median of 7.39. GuruFocus rates OSL:MORG with a GF Score™ of 64/100 and a GF Value™ of kr96.18 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,448 Banks companies, Sparebanken More ranks better than 55.39% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-02), Sparebanken More's share price is kr108.30.
Sparebanken More's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was kr10.10. Therefore, Sparebanken More's PE Ratio without NRI for today is 10.72.
During the past 13 years, Sparebanken More's highest PE Ratio without NRI was 12.03. The lowest was 3.35. And the median was 7.39.
Sparebanken More stock PE Ratio (=11.67) is close to 10-year high of 12.7.
During the past years, Sparebanken More's highestPE Ratio (TTM) was 12.70. The lowest was 3.42. And the median was 7.82.
Sparebanken More's
EPS (Diluted) for the
three
months ended in Mar. 2026 was kr1.94.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was kr9.38.
Sparebanken More's EPS (Basic) for the
three
months ended in Mar. 2026 was kr1.94.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was kr9.38.
Sparebanken More (OSL:MORG) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Sparebanken More PE Ratio without NRI Related Terms
Sparebanken More PE Ratio without NRI Historical Data
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The historical data trend for Sparebanken More's PE Ratio without NRI 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.
Sparebanken More PE Ratio without NRI Competitor Comparison
For the Banks - Regional subindustry, Sparebanken More's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 More PE Ratio without NRI vs Banks Industry
For the Banks industry and Financial Services sector, Sparebanken More's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Sparebanken More's PE Ratio without NRI falls into.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Sparebanken More's PE Ratio without NRI for today is calculated as
Sparebanken More's Share Price of today is kr108.30.
Sparebanken More's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr10.10.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Sparebanken More (OSL:MORG) has a PE Ratio without NRI of 10.72 as of Jul. 02, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Sparebanken More and its competitors. This is 45% above median its historical median of 7.39. Over the past decade, Sparebanken More's PE Ratio without NRI has ranged from 3.35 to 12.03. According to the industry distribution chart, Sparebanken More ranks #646 out of 1448 companies in the Banks industry, placing it in the top 44.6%.
Is Sparebanken More's PE Ratio without NRI too high?
Sparebanken More's current PE Ratio without NRI of 10.72 is 45% above median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 12.03. The Banks industry median PE Ratio without NRI is 11.48. Sparebanken More's value of 10.72 is 6.6% below this industry median. Based on the distribution chart, Sparebanken More ranks #646 out of 1448 companies in the Banks industry, which is above the industry midpoint. Overall, Sparebanken More has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken More's PE Ratio without NRI compare to competitors?
According to the Banks industry distribution chart, Sparebanken More ranks #646 out of 1448 companies for PE Ratio without NRI. This puts Sparebanken More in the upper half of its industry. The industry median PE Ratio without NRI is 11.48. Sparebanken More's value of 10.72 is 6.6% below this benchmark. Historically, Sparebanken More's own PE Ratio without NRI has ranged from 3.35 to 12.03 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 11.48, Sparebanken More 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 PE Ratio without NRI for a Banks company?
The median PE Ratio without NRI among Banks companies is 11.48, based on 1,448 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sparebanken More's current PE Ratio without NRI of 10.72 is 6.6% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Sparebanken More and its competitors. For the Banks industry, the median PE Ratio without NRI is 11.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sparebanken More's current PE Ratio without NRI is 10.72, which is 45% above median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sparebanken More stock overvalued right now?
Based on GuruFocus' analysis, Sparebanken More (OSL:MORG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr96.18, compared to a current price of kr108.30 — trading 12.6% above its estimated fair value. The current PE Ratio without NRI is 10.72, which is 45% above median its 10-year median of 7.39 and 6.6% below the Banks industry median of 11.48. Sparebanken More's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Sparebanken More (OSL:MORG), the current PE Ratio without NRI is 10.72 as of Jul. 02, 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 More (OSL:MORG) Overvalued in 2026?
Based on GuruFocus' analysis, Sparebanken More stock appears to be overvalued.
The current stock price of kr108.30 is trading 12.6% above its estimated GF Value™ of kr96.18.
GuruFocus considers Sparebanken More to be Modestly Overvalued.
Key valuation signals for OSL:MORG:
PE Ratio without NRI: 10.72 (45% above median its 10-year median of 7.39)
GF Value™: kr96.18 vs. price of kr108.30 (12.6% above fair value)
Industry Position: 6.6% below the Banks median (#646 of 1448)
No single metric tells the full story. See the OSL:MORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, savings accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services, as well as the insurance industries. It firm manages its business into three segments: Corporate, Retail, and Real Estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.
64GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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