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Sparebanken OstOSL:SPOG -0.68%49 Return-on-Tangible-Asset is 0.98% as of Jun. 2026, which is 7% above its 10-year median of 0.92. GuruFocus rates OSL:SPOG with a GF Score™ of 49/100 and a GF Value™ of kr63.09 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,532 Banks companies, Sparebanken Ost ranks better than 55.42% 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 Ost's annualizedNet Income for the quarter that ended in Jun. 2026 was kr451.6 Mil. Sparebanken Ost's average total tangible assets for the quarter that ended in Jun. 2026 was kr46,126.8 Mil. Therefore, Sparebanken Ost's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.98%.
The historical rank and industry rank for Sparebanken Ost's Return-on-Tangible-Asset or its related term are showing as below:
OSL:SPOG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.6 Med: 0.92 Max: 1.07
Current: 1.06
During the past 13 years, Sparebanken Ost's highest Return-on-Tangible-Asset was 1.07%. The lowest was 0.60%. And the median was 0.92%.
OSL:SPOG's Return-on-Tangible-Asset is ranked better than 55.42% of 1532
companies
in the Banks industry
Industry Median: 0.99
vs OSL:SPOG: 1.06
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 Ost Return-on-Tangible-Asset Related Terms
Sparebanken Ost Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sparebanken Ost'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.
For the Banks - Regional subindustry, Sparebanken Ost'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 Ost Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Sparebanken Ost's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sparebanken Ost'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.98% mean?
Sparebanken Ost (OSL:SPOG) has a Return-on-Tangible-Asset of 0.98% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sparebanken Ost and its competitors. This is near median its historical median of 0.92. Over the past decade, Sparebanken Ost's Return-on-Tangible-Asset has ranged from 0.60 to 1.07. According to the industry distribution chart, Sparebanken Ost ranks #683 out of 1532 companies in the Banks industry, placing it in the top 44.6%.
Is Sparebanken Ost's Return-on-Tangible-Asset too high?
Sparebanken Ost's current Return-on-Tangible-Asset of 0.98% is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.07. The Banks industry median Return-on-Tangible-Asset is 0.99. Sparebanken Ost's value of 0.98% is 1% below this industry median. Based on the distribution chart, Sparebanken Ost ranks #683 out of 1532 companies in the Banks industry, which is above the industry midpoint. Overall, Sparebanken Ost has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken Ost's Return-on-Tangible-Asset compare to competitors?
According to the Banks industry distribution chart, Sparebanken Ost ranks #683 out of 1532 companies for Return-on-Tangible-Asset. This puts Sparebanken Ost in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Sparebanken Ost's value of 0.98% is 1% below this benchmark. Historically, Sparebanken Ost's own Return-on-Tangible-Asset has ranged from 0.60 to 1.07 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.99, Sparebanken Ost 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 1,532 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 Ost's current Return-on-Tangible-Asset of 0.98% is 1% 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 Ost 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 Ost's current Return-on-Tangible-Asset is 0.98%, which is near 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 Ost stock overvalued right now?
Based on GuruFocus' analysis, Sparebanken Ost (OSL:SPOG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr63.09, compared to a current price of kr73.00 — trading 15.7% above its estimated fair value. The current Return-on-Tangible-Asset is 0.98%, which is near median its 10-year median of 0.92 and 1% below the Banks industry median of 0.99. Sparebanken Ost's overall GF Score™ is 49/100 with 3 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 Ost (OSL:SPOG), the current Return-on-Tangible-Asset is 0.98% as of Jun. 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 Ost (OSL:SPOG) Overvalued in 2026?
Based on GuruFocus' analysis, Sparebanken Ost stock appears to be overvalued.
The current stock price of kr73.00 is trading 15.7% above its estimated GF Value™ of kr63.09.
GuruFocus considers Sparebanken Ost to be Modestly Overvalued.
Key valuation signals for OSL:SPOG:
Return-on-Tangible-Asset: 0.98% (near median its 10-year median of 0.92)
GF Value™: kr63.09 vs. price of kr73.00 (15.7% above fair value)
Industry Position: 1% below the Banks median (#683 of 1532)
No single metric tells the full story. See the OSL:SPOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sparebanken Øst is a savings bank in Norway. It offers banking products and services to retail and corporate customers in the areas of loans, payment services, insurance products, property management as well as advisory services. Its mission is to be a non-affiliated, independent and locally managed provider of financial services, to enable people in general, along with small and medium-sized enterprises, to exploit their financial resources in the possible manner.
49GF Score
Get the complete analysis for OSL:SPOG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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