SPIZF (Sparebanken Norge) 3-Year RORE % : 32.08% (As of Mar. 2026)


SPIZF Sparebanken Norge SPIZF
61 GF Score
Price $20.00
GF Value $17.28
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sparebanken Norge 3-Year RORE %?

Sparebanken Norge SPIZF 61 3-Year RORE % is 32.08 as of Mar. 2026. GuruFocus rates SPIZF with a GF Score™ of 61/100 and a GF Value™ of $17.28 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,473 Banks companies, Sparebanken Norge ranks better than 79.63% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Sparebanken Norge's 3-Year RORE % for the quarter that ended in Mar. 2026 was 32.08%.

The industry rank for Sparebanken Norge's 3-Year RORE % or its related term are showing as below:

SPIZF's 3-Year RORE % is ranked better than
79.63% of 1473 companies
in the Banks industry
Industry Median: 9.87 vs SPIZF: 32.08

Sparebanken Norge  (OTCPK:SPIZF) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Sparebanken Norge 3-Year RORE % Related Terms


Sparebanken Norge 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Sparebanken Norge's 3-Year RORE % 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 Norge 3-Year RORE % Chart

Sparebanken Norge Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.15 -5.02 -11.43 22.07 29.86

Sparebanken Norge Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.06 23.56 22.43 29.86 32.08

Sparebanken Norge 3-Year RORE % Competitor Comparison

For the Banks - Regional subindustry, Sparebanken Norge's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Banks Industry

For the Banks industry and Financial Services sector, Sparebanken Norge's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Sparebanken Norge's 3-Year RORE % falls into.


SPIZF
61GF Score
Sparebanken Norge SPIZF
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sparebanken Norge 3-Year RORE % Calculation

Sparebanken Norge's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 2.248-1.316 )/( 5.65-2.745 )
=0.932/2.905
=32.08 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 32.08 mean?
Sparebanken Norge (SPIZF) has a 3-Year RORE % of 32.08 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Sparebanken Norge and its competitors. According to the industry distribution chart, Sparebanken Norge ranks #300 out of 1473 companies in the Banks industry, placing it in the top 20.4%.
Is Sparebanken Norge's 3-Year RORE % too high?
Sparebanken Norge's current 3-Year RORE % is 32.08. The Banks industry median 3-Year RORE % is 9.87. Sparebanken Norge's value of 32.08 is 225% above this industry median. Based on the distribution chart, Sparebanken Norge ranks #300 out of 1473 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 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken Norge's 3-Year RORE % compare to competitors?
According to the Banks industry distribution chart, Sparebanken Norge ranks #300 out of 1473 companies for 3-Year RORE %. This places Sparebanken Norge in the top 20% of its industry — outperforming the majority of peers. The industry median 3-Year RORE % is 9.87. Sparebanken Norge's value of 32.08 is 225% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Banks company?
The median 3-Year RORE % among Banks companies is 9.87, based on 1,473 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sparebanken Norge's current 3-Year RORE % of 32.08 is 225% above 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Sparebanken Norge and its competitors. For the Banks industry, the median 3-Year RORE % is 9.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sparebanken Norge's current 3-Year RORE % is 32.08. 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 $17.28, compared to a current price of $20.00 — trading 15.7% above its estimated fair value. The current 3-Year RORE % is 32.08 and 225% above the Banks industry median of 9.87. Sparebanken Norge's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Sparebanken Norge (SPIZF), the current 3-Year RORE % is 32.08 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 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 15.7% above its estimated GF Value™ of $17.28. GuruFocus considers Sparebanken Norge to be Modestly Overvalued.

Key valuation signals for SPIZF:

  • 3-Year RORE %: 32.08
  • GF Value™: $17.28 vs. price of $20.00 (15.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 225% above the Banks median (#300 of 1473)

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 Business Description

Address Jonsvollsgaten 2, Bergen, NOR, 5011
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.
61GF Score

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3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.00
Price
$17.28
GF Value