Sparebanken Møre
Research Sparebanken Møre (MORG) on Bullrun: valuation model: 3.1% undervalued, market cap NOK 5.48B, P/E 11.4, dividend yield 6.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMORG
- ExchangeOL
- CountryNorway
- SectorFinancial Services
- IndustryBanks - Regional
- CurrencyNOK
- Valuation signal3.1% undervalued
- Market capNOK 5.48B
- P/E11.4
- Dividend yield6.3%
- Financial periodQ2 2026
- RevenueNOK 604.00M
- Net incomeNOK 261.00M
Valuation Snapshot
Bullrun's latest valuation model marks Sparebanken Møre as 3.1% undervalued; latest market cap is NOK 5.48B; P/E is 11.4; dividend yield is 6.3%.
Peer valuation comparison
Latest P/E is 11.36x versus a Financial Services sector median of 13.84x (17.9% below).
Latest dividend yield is 6.27% versus a Financial Services sector median of 3.86% (62.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NOK 2.37B | NOK 1.02B | n/a | n/a | n/a | NOK 968.00M | NOK 45.09B | NOK 9.37B |
| FY2024 | NOK 2.42B | NOK 1.09B | n/a | n/a | 9.95 | NOK 563.00M | NOK 41.82B | NOK 9.03B |
| FY2023 | NOK 2.25B | NOK 1.06B | -NOK 1.10B | n/a | 10.12 | NOK 353.00M | n/a | NOK 8.68B |
| FY2022 | NOK 1.76B | NOK 777.00M | -NOK 3.33B | n/a | 7.5 | NOK 631.00M | n/a | NOK 8.10B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-23 | NOK 5.48B | 11.4 | 6.3% | 7 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 7 NOK, yield 6.3%.
| Year | Dividends/share |
|---|---|
| FY2024 | 7.5 NOK |
| FY2023 | 4 NOK |
| FY2022 | 3.2 NOK |
About Sparebanken Møre
Sparebanken Møre, together with its subsidiaries, provides banking services for the retail and business markets in Norway. It operates through Corporate, Retail, and Real Estate Brokerage segments. The company offers deposits and investments, savings, payment, financial advice, insurance brokerage, and consulting services; mortgage loans; and brokerage services in the purchase and sale of residential and commercial properties.
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Frequently asked questions
Is Sparebanken Møre overvalued or undervalued?
Bullrun's valuation model currently marks Sparebanken Møre as 3.1% undervalued.
What is Sparebanken Møre's market cap?
Sparebanken Møre's market capitalization is NOK 5.48B.
What is Sparebanken Møre's P/E ratio?
Sparebanken Møre's price-to-earnings (P/E) ratio is 11.4.
Does Sparebanken Møre pay a dividend?
Sparebanken Møre has a dividend yield of 6.3%.
What does Sparebanken Møre do?
Sparebanken Møre, together with its subsidiaries, provides banking services for the retail and business markets in Norway. It operates through Corporate, Retail, and Real Estate Brokerage segments. The company offers deposits and investments, savings, payment, financial advice, insurance brokerage, and consulting services; mortgage loans; and brokerage services in the purchase and sale of residential and commercial properties.