Skue Sparebank (SKUE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Skue Sparebank stock NOK 555, price NOK 355, upside +56.4%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 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 8, 2026.
How to read this chart
60‑month range kr 127.94 – kr 359.00 · fair‑value band kr 536.00 – kr 673.14 · the kr 354.90 price screens below the kr 555.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Skue Sparebank provides various banking products and services for individuals and business in Norway.
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The company offers checking, business, deposit, tax withholding, client, agricultural, currency, investment, deposit, retirement, and group accounts; business, construction, consumer, car, other vehicle, and small loans, as well as mortgage, bank guarantee, overdraft, and leasing services; and home and leisure, car and other vehicles, pet, company and employees, agriculture, and travel insurance products.
It also provides savings and pension products, online and mobile banking, bank card, and payment services. In addition, it offers financial products, commercial solutions and skills-enhancing services, funds and pensions, insurance products, card and small loan products, and real estate brokerage.
The company was formerly known as Nes Prestegjelds Sparebank and changed its name to Skue Sparebank in October 2013. Skue Sparebank was founded in 1842 and is based in Geilo, Norway.
Stock analysis
Skue Sparebank (SKUE) currently trades at kr 354.90, while our model-based Fair Value estimate is kr 555.01, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 811.51 per share, and 4 of the 6 models we run sit above the kr 354.90 price.
Bear case: the Dividend Discount group reads lowest at kr 172.91, and 2 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 536.00 (bear) to kr 673.14 (bull), the price of kr 354.90 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 48/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Skue Sparebank reported revenue of 728M NOK in FY2025 versus 358M NOK in FY2021, a compound +19.4%/yr. Reported net income was 303M NOK in FY2025, compounding +19.3%/yr from FY2021.
Key figures
Market cap 2.1B NOK (≈ $217M) Micro · P/E ratio 14.0 · P/S ratio 6.39 · EPS (TTM) kr 25.28 · Dividend yield 6.3% · Net margin 42.0% · Return on equity 9.0% · Return on assets (EBIT) 1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 56%, SKUE screens cheaper than that median.
Fair Value models
Bearkr 536.00Fair Value kr 555.01Bullkr 673.14
Price kr 354.90 · Upside +56.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 2.58 per share) are deliberately not added.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+27.8%
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.
+20.9%
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.
+19.3%
Start year 2020 (pandemic). Over 10 years: +13.8% a year
Revenue growth 25 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.
+8.6%
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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.
+28.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.7%
Dividend (yield on the price)6.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.7% vs 15.0%, picking up
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 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+56.4% · Top 25%
Profitability
Return on equity (12 months)9.0% · Below median
Return on assets1.1% · Above median
Net margin (12 months)42.0% · Top 25%
Operating margin (12 months)56.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)21.6% · Top 25%
Dividend yield (12 months)6.3% · Top 25%
Balance sheet
Debt / equity1.15× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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). "Skue Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/SKUE
Frequently asked questions
Is Skue Sparebank (SKUE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 555.01 versus a price of kr 354.90, about +56% upside (undervalued).
What is the fair value of SKUE?
Our model-based fair value for Skue Sparebank is kr 555.01 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 354.90.
What is the quality score of SKUE?
Skue Sparebank has a Quality Score of 48/100. 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 Skue Sparebank (SKUE)?
Our model-based price target is the fair value of kr 555.01 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario kr 536.00, optimistic scenario kr 673.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Skue Sparebank stock forecast for 2026?
Our models put fair value at kr 555.01, about +56% upside versus a price of kr 354.90 (undervalued). Cautious scenario kr 536.00, optimistic scenario kr 673.14. The calculation is refreshed regularly with new filings.
What is the revenue of Skue Sparebank (SKUE)?
Skue Sparebank reported trailing-twelve-month revenue of about 777M NOK (latest available figure, as of Nov 8, 2026).
Does Skue Sparebank pay a dividend?
Skue Sparebank currently shows a dividend yield of 6.28% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Skue Sparebank (SKUE) and when is the ex-dividend date?
Skue Sparebank pays a dividend of kr 22.27 per share a year, a dividend yield of 6.3%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since 2014. The payout ratio is 88.1% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Skue Sparebank (SKUE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skue Sparebank it is kr 555.01 per share (as of Nov 8, 2026), against a price of kr 354.90. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Skue Sparebank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SKUE trades below its calculated fair value: price kr 354.90, fair value kr 555.01, a gap of about +56% (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 SKUE?
No. The price is what the market pays today (kr 354.90); the fair value is what the company's own numbers justify (kr 555.01). For Skue Sparebank the two are kr 200.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Skue Sparebank worth?
The market values Skue Sparebank at about 2.1B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 354.90; our models calculate a fair value of kr 555.01 per share.
What do the bullish and bearish scenarios say about SKUE?
Our models span a range for Skue Sparebank: cautious scenario kr 536.00, base kr 555.01, optimistic kr 673.14 per share (as of Nov 8, 2026, price kr 354.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKUE?
Skue Sparebank trades at a price-to-earnings ratio of 14.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 555.01 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 2.7. Other multiples: P/B 0.5, P/S 2.6, EV/EBITDA 22.5.
How solid is the balance sheet of Skue Sparebank (SKUE)?
Balance-sheet figures for Skue Sparebank (as of Nov 8, 2026): return on equity 9.0%, debt of 1.15 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is SKUE from its 52-week high?
Skue Sparebank trades at kr 354.90, about 1% below its 52-week high of kr 359.00 and 22% above the low of kr 289.80 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 555.01 is for.
Which stocks are comparable to Skue Sparebank?
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 Skue Sparebank stock attractive at the current price?
The data as of Nov 8, 2026: price kr 354.90, calculated fair value kr 555.01 (+56%), Quality Score 48/100, from 6 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 SKUE calculated?
We run Skue Sparebank through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 555.01 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. Skue Sparebank currently trades 36% 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 Skue Sparebank (SKUE)?
The closing price on Nov 6, 2026 was kr 354.90. Our model-based fair value is kr 555.01, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skue Sparebank right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 536.00). 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.
Where does the earnings growth of Skue Sparebank (SKUE) come from?
Earnings per share at Skue Sparebank grew +11.7 % a year from 2009 to 2019. Broken into its drivers: revenue per share +6.0 %, EBIT margin −14.3 %, tax rate +0.9 %, residual (interest, one-offs) +21.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Skue Sparebank
How large is the market capitalisation of Skue Sparebank (SKUE)?
The market capitalisation of Skue Sparebank is 2.1B NOK (≈ $217M). 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 Skue Sparebank (SKUE)?
The price-to-sales ratio of Skue Sparebank is 6.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skue Sparebank (SKUE)?
Earnings per share at Skue Sparebank are kr 25.28 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Skue Sparebank (SKUE)?
The dividend yield of Skue Sparebank is 6.3% (payout 88.1%). 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 Skue Sparebank (SKUE)?
The net margin of Skue Sparebank is 42.0% (last twelve months). 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 Skue Sparebank (SKUE)?
The return on equity (ROE) of Skue Sparebank is 9.0% (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 Skue Sparebank (SKUE)?
On an EBIT basis the return on assets of Skue Sparebank is 1.1% (avg 5y). 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 Skue Sparebank (SKUE)?
The operating margin of Skue Sparebank is 56.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skue Sparebank (SKUE)?
Revenue at Skue Sparebank is growing +21.6% versus a year earlier (3y avg +20.9%). 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 Skue Sparebank (SKUE)?
Earnings per share at Skue Sparebank are growing +26.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Skue Sparebank (SKUE) generate?
The free cash flow of Skue Sparebank is 1.5B 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 Skue Sparebank (SKUE) carry?
The net debt of Skue Sparebank is 4.6B NOK (fiscal year 2025, ≈ 3.0 yrs of FCF). 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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Broad data
Nov 8, 2026