Sogn Sparebank (SOGN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sogn Sparebank stock NOK 586, price NOK 293, upside +100.0%, quality 59 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 9, 2026.
How to read this chart
60‑month range kr 85.17 – kr 365.00 · fair‑value band kr 439.50 – kr 732.50 · the kr 293.00 price screens below the kr 586.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Sogn Sparebank in your weekly email
Every Wednesday you see whether Sogn Sparebank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Sogn Sparebank provides various banking products and services in Norway. The bank primarily serves small and medium-sized enterprises in Sogn and offers retail banking services nationwide, focusing on growth areas and larger cities, with Sogn as its priority market.
Show moreShow less
Its offerings include deposit accounts, lending products, insurance solutions, and securities trading, delivered through both digital platforms and physical branches.
The company offers savings and pensions, housing loans, housing loans for young people, fixed-rate loans, proof of financing, moving mortgages, credit lines, refinance the housing loan, cabin loans, refinancing, car loans, loans for motorcycles, campers and atvs, consumer loans, car insurance, travel insurance, home insurance, home contents insurance, child insurance, e-scooter insurance, dog insurance.
The company was incorporated in 1846 and is headquartered in Årdalstangen, Norway.
Stock analysis
Sogn Sparebank (SOGN) currently trades at kr 293.00, while our model-based Fair Value estimate is kr 586.00, implying the stock looks roughly 50% undervalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of kr 1,969 per share, and 5 of the 6 models we run sit above the kr 293.00 price.
Bear case: the Dividend Discount group reads lowest at kr 360.62, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 439.50 (bear) to kr 732.50 (bull), the price of kr 293.00 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 59/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sogn Sparebank reported revenue of 257M NOK in FY2025 versus 192M NOK in FY2021, a compound +7.6%/yr. Reported net income was 113M NOK in FY2025, compounding +21.3%/yr from FY2021.
Key figures
Market cap 185M NOK (≈ $19.6M) Micro · P/E ratio 13.3 · P/S ratio 5.87 · EPS (TTM) kr 21.96 · Dividend yield 7.5% · Net margin 44.0% · Return on equity 8.8% · Return on assets (EBIT) 1.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 23% 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 100%, SOGN screens cheaper than that median.
Fair Value models
Bearkr 439.50Fair Value kr 586.00Bullkr 732.50
Price kr 293.00 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−45.4%
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.
+1.0%
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.
+3.7%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 17 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.
+1.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+35.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.9%
Dividend (yield on the price)7.5%
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.27.9% vs 19.9%, picking up
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 29%
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 997 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)8.8% · Below median
Return on assets1.4% · Top 25%
Net margin (12 months)43.8% · Top 25%
Operating margin (12 months)59.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.0% · Below median
Dividend yield (12 months)7.5% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)13.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 8
FUTURE (revenue growth)15· sector 47
PAST (return on equity)35· 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). "Sogn Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/SOGN
Frequently asked questions
Is Sogn Sparebank (SOGN) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 586.00 versus a price of kr 293.00, about +100% upside (undervalued).
What is the fair value of SOGN?
Our model-based fair value for Sogn Sparebank is kr 586.00 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 293.00.
What is the quality score of SOGN?
Sogn Sparebank has a Quality Score of 59/100. 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 Sogn Sparebank (SOGN)?
Our model-based price target is the fair value of kr 586.00 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario kr 439.50, optimistic scenario kr 732.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Sogn Sparebank stock forecast for 2026?
Our models put fair value at kr 586.00, about +100% upside versus a price of kr 293.00 (undervalued). Cautious scenario kr 439.50, optimistic scenario kr 732.50. The calculation is refreshed regularly with new filings.
What is the revenue of Sogn Sparebank (SOGN)?
Sogn Sparebank reported trailing-twelve-month revenue of about 256M NOK (latest available figure, as of Nov 9, 2026).
Does Sogn Sparebank pay a dividend?
Sogn Sparebank currently shows a dividend yield of 7.51% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Sogn Sparebank (SOGN) and when is the ex-dividend date?
Sogn Sparebank pays a dividend of kr 22.00 per share a year, a dividend yield of 7.5%. The last ex-dividend date was Apr 16, 2026. A dividend has been paid every year since 2019. The payout ratio is 100% 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 Sogn Sparebank (SOGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sogn Sparebank it is kr 586.00 per share (as of Nov 9, 2026), against a price of kr 293.00. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Sogn Sparebank stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SOGN trades below its calculated fair value: price kr 293.00, fair value kr 586.00, a gap of about +100% (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 SOGN?
No. The price is what the market pays today (kr 293.00); the fair value is what the company's own numbers justify (kr 586.00). For Sogn Sparebank the two are kr 293.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sogn Sparebank worth?
The market values Sogn Sparebank at about 185M NOK (market capitalisation, as of Nov 9, 2026). Per share that is kr 293.00; our models calculate a fair value of kr 586.00 per share.
What do the bullish and bearish scenarios say about SOGN?
Our models span a range for Sogn Sparebank: cautious scenario kr 439.50, base kr 586.00, optimistic kr 732.50 per share (as of Nov 9, 2026, price kr 293.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOGN?
Sogn Sparebank trades at a price-to-earnings ratio of 13.3 (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 586.00 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 1.9.
How solid is the balance sheet of Sogn Sparebank (SOGN)?
Balance-sheet figures for Sogn Sparebank (as of Nov 9, 2026): return on equity 8.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is SOGN from its 52-week high?
Sogn Sparebank trades at kr 293.00, about 20% below its 52-week high of kr 365.00 and 23% above the low of kr 239.15 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 586.00 is for.
Which stocks are comparable to Sogn 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 Sogn Sparebank stock attractive at the current price?
The data as of Nov 9, 2026: price kr 293.00, calculated fair value kr 586.00 (+100%), Quality Score 59/100, 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 SOGN calculated?
We run Sogn 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 586.00 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. Sogn Sparebank currently trades 50% 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 Sogn Sparebank (SOGN)?
The closing price on Nov 6, 2026 was kr 293.00. Our model-based fair value is kr 586.00, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sogn Sparebank right now?
The price is below even our cautious bear case (kr 439.50). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Sogn Sparebank (SOGN) come from?
Earnings per share at Sogn Sparebank grew +19.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +8.3 %, EBIT margin +10.8 %, tax rate −0.3 %, residual (interest, one-offs) −0.2 %. 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 Sogn Sparebank
How large is the market capitalisation of Sogn Sparebank (SOGN)?
The market capitalisation of Sogn Sparebank is 185M NOK (≈ $19.6M). 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 Sogn Sparebank (SOGN)?
The price-to-sales ratio of Sogn Sparebank is 5.87 (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 Sogn Sparebank (SOGN)?
Earnings per share at Sogn Sparebank are kr 21.96 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sogn Sparebank (SOGN)?
The dividend yield of Sogn Sparebank is 7.5% (payout 100%). 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 Sogn Sparebank (SOGN)?
The net margin of Sogn Sparebank is 44.0% (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 Sogn Sparebank (SOGN)?
The return on equity (ROE) of Sogn Sparebank is 8.8% (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 Sogn Sparebank (SOGN)?
On an EBIT basis the return on assets of Sogn Sparebank is 1.2% (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 Sogn Sparebank (SOGN)?
The operating margin of Sogn Sparebank is 59.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sogn Sparebank (SOGN)?
Revenue at Sogn Sparebank is growing +3.0% versus a year earlier (3y avg +1.0%). 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 Sogn Sparebank (SOGN)?
Earnings per share at Sogn Sparebank are growing −0.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sogn Sparebank (SOGN) generate?
The free cash flow of Sogn Sparebank is 174M 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 Sogn Sparebank (SOGN) carry?
The net debt of Sogn Sparebank is 6.8B NOK (fiscal year 2025, ≈ 38.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Sogn Sparebank in the live analysis
One click puts Sogn Sparebank on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 9, 2026