Sparebank 68 Grader Nord (SB68) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sparebank 68 Grader Nord stock NOK 400, price NOK 208, upside +92.3%, quality 42 out of 100. Rating: strongly undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range kr 119.05 – kr 227.95 · fair‑value band kr 299.84 – kr 499.73 · the kr 207.95 price screens below the kr 399.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Sparebank 68° Nord, a savings bank, provides various banking services to the personal and corporate market in Norway. The company offers savings accounts; house, retirement, and mutual fund savings; debit and credit cards; and stock trading services.
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It also provides mortgage, housing, car and other vehicle, boat, and green loans; consumer loans and refinancing; insurance products; online and mobile banking; payment solutions; real estate agent services; and legal services. The company was founded in 1926 and is based in Leknes, Norway.
Stock analysis
Sparebank 68 Grader Nord (SB68) currently trades at kr 207.95, while our model-based Fair Value estimate is kr 399.79, implying the stock looks roughly 48% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 459.18 per share, and 3 of the 4 models we run sit above the kr 207.95 price.
Bear case: the Asset-Based group reads lowest at kr 367.89, and 1 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 299.84 (bear) to kr 499.73 (bull), the price of kr 207.95 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sparebank 68 Grader Nord reported revenue of 363M NOK in FY2025 versus 246M NOK in FY2021, a compound +10.1%/yr. Reported net income was 138M NOK in FY2025, compounding +6.4%/yr from FY2021.
Key figures
Market cap 620M NOK (≈ $65.7M) Micro · P/E ratio 16.9 · P/S ratio 6.43 · EPS (TTM) kr 12.30 · Dividend yield 6.5% · Net margin 38.0% · Return on equity 9.5% · Return on assets (EBIT) 1.4% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 92%, SB68 screens cheaper than that median.
Fair Value models
Bearkr 299.84Fair Value kr 399.79Bullkr 499.73
Price kr 207.95 · Upside +92.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.2%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
Compare Sparebank 68 Grader Nord with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+92.3% · Top 25%
Profitability
Return on equity (12 months)9.5% · Below median
Return on assets1.1% · Above median
Net margin (12 months)40.0% · Top 25%
Operating margin (12 months)59.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.3% · Above median
Dividend yield (12 months)6.5% · Top 25%
Balance sheet
Debt / equity1.49× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)16.9× · Priciest 25%
P/B0.38× · Cheapest 25%
P/S (12 months)1.61× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 8
FUTURE (revenue growth)72· sector 47
PAST (return on equity)38· sector 43
HEALTH (low debt)–
DIVIDEND (yield)100· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sparebank 68 Grader Nord Fair Value". https://www.fairvalue-calculator.com/stock/SB68
Frequently asked questions
Is Sparebank 68 Grader Nord (SB68) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 399.79 versus a price of kr 207.95, about +92% upside (undervalued).
What is the fair value of SB68?
Our model-based fair value for Sparebank 68 Grader Nord is kr 399.79 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 207.95.
What is the quality score of SB68?
Sparebank 68 Grader Nord has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sparebank 68 Grader Nord (SB68)?
Our model-based price target is the fair value of kr 399.79 (as of Nov 9, 2026) from 4 valuation models. Cautious scenario kr 299.84, optimistic scenario kr 499.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Sparebank 68 Grader Nord stock forecast for 2026?
Our models put fair value at kr 399.79, about +92% upside versus a price of kr 207.95 (undervalued). Cautious scenario kr 299.84, optimistic scenario kr 499.73. The calculation is refreshed regularly with new filings.
What is the revenue of Sparebank 68 Grader Nord (SB68)?
Sparebank 68 Grader Nord reported trailing-twelve-month revenue of about 385M NOK (latest available figure, as of Nov 9, 2026).
Does Sparebank 68 Grader Nord pay a dividend?
Sparebank 68 Grader Nord currently shows a dividend yield of 6.49% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Sparebank 68 Grader Nord (SB68) and when is the ex-dividend date?
Sparebank 68 Grader Nord pays a dividend of kr 13.50 per share a year, a dividend yield of 6.5%. The last ex-dividend date was Mar 27, 2026. The payout ratio is 110% of earnings. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What is the intrinsic value of Sparebank 68 Grader Nord (SB68)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sparebank 68 Grader Nord it is kr 399.79 per share (as of Nov 9, 2026), against a price of kr 207.95. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Sparebank 68 Grader Nord stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SB68 trades below its calculated fair value: price kr 207.95, fair value kr 399.79, a gap of about +92% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SB68?
No. The price is what the market pays today (kr 207.95); the fair value is what the company's own numbers justify (kr 399.79). For Sparebank 68 Grader Nord the two are kr 191.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sparebank 68 Grader Nord worth?
The market values Sparebank 68 Grader Nord at about 620M NOK (market capitalisation, as of Nov 9, 2026). Per share that is kr 207.95; our models calculate a fair value of kr 399.79 per share.
What do the bullish and bearish scenarios say about SB68?
Our models span a range for Sparebank 68 Grader Nord: cautious scenario kr 299.84, base kr 399.79, optimistic kr 499.73 per share (as of Nov 9, 2026, price kr 207.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SB68?
Sparebank 68 Grader Nord trades at a price-to-earnings ratio of 16.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 399.79 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 4.3. Other multiples: P/B 0.4, P/S 1.6.
How solid is the balance sheet of Sparebank 68 Grader Nord (SB68)?
Balance-sheet figures for Sparebank 68 Grader Nord (as of Nov 9, 2026): return on equity 9.5%, debt of 1.49 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is SB68 from its 52-week high?
Sparebank 68 Grader Nord trades at kr 207.95, about 9% below its 52-week high of kr 227.95 and 16% above the low of kr 178.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 399.79 is for.
Which stocks are comparable to Sparebank 68 Grader Nord?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sparebank 68 Grader Nord stock attractive at the current price?
The data as of Nov 9, 2026: price kr 207.95, calculated fair value kr 399.79 (+92%), Quality Score 42/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SB68 calculated?
We run Sparebank 68 Grader Nord through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 399.79 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Sparebank 68 Grader Nord currently trades 48% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sparebank 68 Grader Nord (SB68)?
The closing price on Nov 6, 2026 was kr 207.95. Our model-based fair value is kr 399.79, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sparebank 68 Grader Nord right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 299.84). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Sparebank 68 Grader Nord
How large is the market capitalisation of Sparebank 68 Grader Nord (SB68)?
The market capitalisation of Sparebank 68 Grader Nord is 620M NOK (≈ $65.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sparebank 68 Grader Nord (SB68)?
The price-to-sales ratio of Sparebank 68 Grader Nord is 6.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sparebank 68 Grader Nord (SB68)?
Earnings per share at Sparebank 68 Grader Nord are kr 12.30 (price ÷ EPS = P/E 16.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sparebank 68 Grader Nord (SB68)?
The dividend yield of Sparebank 68 Grader Nord is 6.5% (payout 110%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sparebank 68 Grader Nord (SB68)?
The net margin of Sparebank 68 Grader Nord is 38.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sparebank 68 Grader Nord (SB68)?
The return on equity (ROE) of Sparebank 68 Grader Nord is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sparebank 68 Grader Nord (SB68)?
On an EBIT basis the return on assets of Sparebank 68 Grader Nord is 1.4% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sparebank 68 Grader Nord (SB68)?
The operating margin of Sparebank 68 Grader Nord is 59.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sparebank 68 Grader Nord (SB68)?
Revenue at Sparebank 68 Grader Nord is growing +14.3% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sparebank 68 Grader Nord (SB68)?
Earnings per share at Sparebank 68 Grader Nord are growing −1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sparebank 68 Grader Nord (SB68) generate?
The free cash flow of Sparebank 68 Grader Nord is −58.6M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sparebank 68 Grader Nord (SB68) carry?
The net debt of Sparebank 68 Grader Nord is 2.5B NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026