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Sparebanken MoreOSL:MORG -0.66%64 Return-on-Tangible-Asset is 0.77% as of Mar. 2026, which is 16% below its 10-year median of 0.92. GuruFocus rates OSL:MORG with a GF Score™ of 64/100 and a GF Value™ of kr95.71 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,527 Banks companies, Sparebanken More ranks worse than 54.75% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Sparebanken More's annualizedNet Income for the quarter that ended in Mar. 2026 was kr844 Mil. Sparebanken More's average total tangible assets for the quarter that ended in Mar. 2026 was kr109,075 Mil. Therefore, Sparebanken More's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.77%.
The historical rank and industry rank for Sparebanken More's Return-on-Tangible-Asset or its related term are showing as below:
OSL:MORG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.74 Med: 0.92 Max: 1.13
Current: 0.93
During the past 13 years, Sparebanken More's highest Return-on-Tangible-Asset was 1.13%. The lowest was 0.74%. And the median was 0.92%.
OSL:MORG's Return-on-Tangible-Asset is ranked worse than 54.75% of 1527
companies
in the Banks industry
Industry Median: 0.99
vs OSL:MORG: 0.93
Sparebanken More (OSL:MORG) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Sparebanken More Return-on-Tangible-Asset Related Terms
Sparebanken More Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sparebanken More's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Competitor Comparison
For the Banks - Regional subindustry, Sparebanken More's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Sparebanken More's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sparebanken More's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.77% mean?
Sparebanken More (OSL:MORG) has a Return-on-Tangible-Asset of 0.77% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sparebanken More and its competitors. This is 16% below median its historical median of 0.92. Over the past decade, Sparebanken More's Return-on-Tangible-Asset has ranged from 0.74 to 1.13. According to the industry distribution chart, Sparebanken More ranks #836 out of 1527 companies in the Banks industry, placing it in the top 54.7%.
Is Sparebanken More's Return-on-Tangible-Asset too high?
Sparebanken More's current Return-on-Tangible-Asset of 0.77% is 16% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.13. The Banks industry median Return-on-Tangible-Asset is 0.99. Sparebanken More's value of 0.77% is 22.2% below this industry median. Based on the distribution chart, Sparebanken More ranks #836 out of 1527 companies in the Banks industry, which is below 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 Return-on-Tangible-Asset compare to competitors?
According to the Banks industry distribution chart, Sparebanken More ranks #836 out of 1527 companies for Return-on-Tangible-Asset. This places Sparebanken More in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Sparebanken More's value of 0.77% is 22.2% below this benchmark. Historically, Sparebanken More's own Return-on-Tangible-Asset has ranged from 0.74 to 1.13 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.99, 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sparebanken More's current Return-on-Tangible-Asset of 0.77% is 22.2% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sparebanken More and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sparebanken More's current Return-on-Tangible-Asset is 0.77%, which is 16% below median its own 10-year median of 0.92. 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 kr95.71, compared to a current price of kr111.00 — trading 16% above its estimated fair value. The current Return-on-Tangible-Asset is 0.77%, which is 16% below median its 10-year median of 0.92 and 22.2% below the Banks industry median of 0.99. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Sparebanken More (OSL:MORG), the current Return-on-Tangible-Asset is 0.77% as of Mar. 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 kr111.00 is trading 16% above its estimated GF Value™ of kr95.71.
GuruFocus considers Sparebanken More to be Modestly Overvalued.
Key valuation signals for OSL:MORG:
Return-on-Tangible-Asset: 0.77% (16% below median its 10-year median of 0.92)
GF Value™: kr95.71 vs. price of kr111.00 (16% above fair value)
Industry Position: 22.2% below the Banks median (#836 of 1527)
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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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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