Sparebanken MoreOSL:MORG +1.22%59 Return-on-Tangible-Equity is 8.97% as of Mar. 2026, which is 14% below its 10-year median of 10.37. GuruFocus rates OSL:MORG with a GF Score™ of 59/100 and a GF Value™ of kr96.18 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,522 Banks companies, Sparebanken More ranks worse than 51.25% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Sparebanken More's annualized net income for the quarter that ended in Mar. 2026 was kr844 Mil. Sparebanken More's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr9,410 Mil. Therefore, Sparebanken More's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.97%.
The historical rank and industry rank for Sparebanken More's Return-on-Tangible-Equity or its related term are showing as below:
OSL:MORG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.06 Med: 10.37 Max: 12.66
Current: 11.01
During the past 13 years, Sparebanken More's highest Return-on-Tangible-Equity was 12.66%. The lowest was 8.06%. And the median was 10.37%.
OSL:MORG's Return-on-Tangible-Equity is ranked worse than 51.25% of 1522
companies
in the Banks industry
Industry Median: 11.19
vs OSL:MORG: 11.01
Sparebanken More (OSL:MORG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Sparebanken More Return-on-Tangible-Equity Related Terms
Sparebanken More Return-on-Tangible-Equity Historical Data
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The historical data trend for Sparebanken More's Return-on-Tangible-Equity 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-Equity Competitor Comparison
For the Banks - Regional subindustry, Sparebanken More's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Sparebanken More's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sparebanken More's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.97% mean?
Sparebanken More (OSL:MORG) has a Return-on-Tangible-Equity of 8.97% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sparebanken More and its competitors. This is 14% below median its historical median of 10.37. Over the past decade, Sparebanken More's Return-on-Tangible-Equity has ranged from 8.06 to 12.66. According to the industry distribution chart, Sparebanken More ranks #780 out of 1522 companies in the Banks industry, placing it in the top 51.2%.
Is Sparebanken More's Return-on-Tangible-Equity too high?
Sparebanken More's current Return-on-Tangible-Equity of 8.97% is 14% below median its 10-year median of 10.37. Over the past 10 years, this metric has ranged from a low of 8.06 to a high of 12.66. The Banks industry median Return-on-Tangible-Equity is 11.19. Sparebanken More's value of 8.97% is 19.8% below this industry median. Based on the distribution chart, Sparebanken More ranks #780 out of 1522 companies in the Banks industry, which is below the industry midpoint. Overall, Sparebanken More has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken More's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Sparebanken More ranks #780 out of 1522 companies for Return-on-Tangible-Equity. This places Sparebanken More in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.19. Sparebanken More's value of 8.97% is 19.8% below this benchmark. Historically, Sparebanken More's own Return-on-Tangible-Equity has ranged from 8.06 to 12.66 over the past decade. While the company's 10-year median is 10.37 vs. the industry median of 11.19, 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-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,522 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sparebanken More's current Return-on-Tangible-Equity of 8.97% is 19.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sparebanken More and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sparebanken More's current Return-on-Tangible-Equity is 8.97%, which is 14% below median its own 10-year median of 10.37. 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 kr109.92 — trading 14.3% above its estimated fair value. The current Return-on-Tangible-Equity is 8.97%, which is 14% below median its 10-year median of 10.37 and 19.8% below the Banks industry median of 11.19. Sparebanken More's overall GF Score™ is 59/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Sparebanken More (OSL:MORG), the current Return-on-Tangible-Equity is 8.97% 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 kr109.92 is trading 14.3% above its estimated GF Value™ of kr96.18.
GuruFocus considers Sparebanken More to be Modestly Overvalued.
Key valuation signals for OSL:MORG:
Return-on-Tangible-Equity: 8.97% (14% below median its 10-year median of 10.37)
GF Value™: kr96.18 vs. price of kr109.92 (14.3% above fair value)
Industry Position: 19.8% below the Banks median (#780 of 1522)
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.
59GF Score
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