Grong Sparebank, an independent savings bank, (GRONG) Fair Value & Analysis

Financial Services · NO · Market cap 770M NOK

Below-average quality, screening 99% undervalued on our models.

What matters now

• The price is below even our cautious bear case (kr 290.70). The market is more pessimistic than our downside scenario.
• Solid quality (48/100) 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 84.16 – kr 199.98 · fair‑value band kr 290.70 – kr 484.50 · the kr 194.92 price screens below the kr 387.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Grong Sparebank, an independent savings bank, (GRONG) currently trades at kr 194.92, while our model-based Fair Value estimate is kr 387.60, implying the stock looks roughly 98.9% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Grong Sparebank, an independent savings bank, generated revenue of 417M NOK at a net margin of 47.0%. Revenue grew 51.3% year over year. It earns a return on equity of 13.7%. Net debt stands at 1.6B NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 290.70 (bear case) to kr 484.50 (bull case); at kr 194.92, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 99%, GRONG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (kr 529.81) versus Dividend Discount (kr 134.28). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. The company provides mutual fund savings, wealth advice, retirement savings, BSU, and savings accounts products; mortgage, construction loans, fixed-rate loans, framework loan, cottage loans, car loans, and consumer loans; refinancing the mortgage; and …

Full company description

Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. The company provides mutual fund savings, wealth advice, retirement savings, BSU, and savings accounts products; mortgage, construction loans, fixed-rate loans, framework loan, cottage loans, car loans, and consumer loans; refinancing the mortgage; and loans for other vehicles. It also offers various insurance products, such as car and other vehicles, contents, dog, travel, child, valuables, home, electric scooter, house and belongings, life and health insurance; and bankID app, avtalGiro and eInvoice, pay with smartwatch, easy and contactless payment, Vips, bank and credit cards, deposit accounts, mobile payments, current accounts, mobile banking and online banking, and in-store cash services. Grong Sparebank was founded in 1862 and is headquartered in Grong, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grong Sparebank, an independent savings bank, reported revenue of kr 409M in FY2025 versus kr 218M in FY2021, a compound +17.0%/yr. Reported net income was kr 196M in FY2025, compounding +22.9%/yr from FY2021.

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Peer Group

Banks - Regional · 1083 stocks

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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.