Grong Sparebank (GRONG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Grong Sparebank NOK 332, price NOK 169, upside +96.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 85.42 – kr 199.98 · fair‑value band kr 286.84 – kr 614.00 · the kr 169.00 price screens below the kr 331.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway.
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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.
Stock analysis
Grong Sparebank (GRONG) currently trades at kr 169.00, while our model-based Fair Value estimate is kr 331.96, implying the stock looks roughly 49.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 529.81 per share, and 4 of the 6 models we run sit above the kr 169.00 price.
Bear case: the Dividend Discount group reads lowest at kr 116.19, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 286.84 (bear) to kr 614.00 (bull), the price of kr 169.00 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 48/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Grong Sparebank reported revenue of 409M NOK in FY2025 versus 218M NOK in FY2021, a compound +17.0%/yr. Reported net income was 196M NOK in FY2025, compounding +22.9%/yr from FY2021.
Key figures
Market cap 770M NOK (≈ $80.8M) · P/E ratio 8.1 · P/S ratio 3.89 · EPS (TTM) kr 20.81 · Dividend yield 6.5% · Net margin 48.0% · Return on equity 13.6% · Return on assets 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 96%, GRONG screens cheaper than that median.
Fair Value models
Bear kr 286.84Fair Value kr 331.96Bull kr 614.00
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 7.18 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+30.0%
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.
+8.0%
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.
+13.3%
Start year 2020 (pandemic)
Revenue growth 8 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%
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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.
+17.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.3%
Dividend (yield on the price)6.5%
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.11% vs 10%, steady
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 · 1076 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+96% · Top 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)46% · Top 25%
Operating margin (TTM)37% · Below median
Growth and dividend
Revenue growth11% · Above median
Dividend yield (TTM)6.5% · Top 25%
Balance sheet
Debt / equity1.10× · 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). "Grong Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/GRONG
Frequently asked questions
Is Grong Sparebank (GRONG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 331.96 versus a price of kr 169.00, about +96% upside (undervalued).
What is the fair value of GRONG?
Our model-based fair value for Grong Sparebank is kr 331.96 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 169.00.
What is the quality score of GRONG?
Grong 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 Grong Sparebank (GRONG)?
Our model-based price target is the fair value of kr 331.96 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 286.84, optimistic scenario kr 614.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Grong Sparebank stock forecast for 2026?
Our models put fair value at kr 331.96, about +96% upside versus a price of kr 169.00 (undervalued). Cautious scenario kr 286.84, optimistic scenario kr 614.00. The calculation is refreshed regularly with new filings.
What is the revenue of Grong Sparebank (GRONG)?
Grong Sparebank reported trailing-twelve-month revenue of about 425M NOK (latest available figure, as of Sep 24, 2026).
Does Grong Sparebank pay a dividend?
Grong Sparebank currently shows a dividend yield of about 6.51% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Grong Sparebank (GRONG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grong Sparebank it is kr 331.96 per share (as of Sep 24, 2026), against a price of kr 169.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Grong Sparebank stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GRONG trades below its calculated fair value: price kr 169.00, fair value kr 331.96, a gap of about +96% (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 GRONG?
No. The price is what the market pays today (kr 169.00); the fair value is what the company's own numbers justify (kr 331.96). For Grong Sparebank the two are kr 162.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is Grong Sparebank worth?
The market values Grong Sparebank at about 770M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 169.00; our models calculate a fair value of kr 331.96 per share.
What do the bullish and bearish scenarios say about GRONG?
Our models span a range for Grong Sparebank: cautious scenario kr 286.84, base kr 331.96, optimistic kr 614.00 per share (as of Sep 24, 2026, price kr 169.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRONG?
Grong Sparebank trades at a price-to-earnings ratio of 8.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 331.96 is built from several models across several years. Other multiples: P/B 0.5, P/S 1.8.
How solid is the balance sheet of Grong Sparebank (GRONG)?
Balance-sheet figures for Grong Sparebank (as of Sep 24, 2026): return on equity 13.6%, debt of 1.10 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is GRONG from its 52-week high?
Grong Sparebank trades at kr 169.00, about 15% below its 52-week high of kr 199.98 and 20% above the low of kr 140.81 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 331.96 is for.
Which stocks are comparable to Grong Sparebank?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Grong Sparebank stock attractive at the current price?
The data as of Sep 24, 2026: price kr 169.00, calculated fair value kr 331.96 (+96%), 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 GRONG calculated?
We run Grong Sparebank through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 331.96, 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 13.0 % above its aggregate fair value. Grong Sparebank currently trades 96 % 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 Grong Sparebank (GRONG)?
The closing price on Sep 24, 2026 was kr 169.00. Our model-based fair value is kr 331.96, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grong Sparebank right now?
The price is below even our cautious bear case (kr 286.84). 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. A fairly wide model range (kr 286.84 to kr 614.00) leaves room in how you read the outcome. 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 Grong Sparebank
How large is the market capitalisation of Grong Sparebank (GRONG)?
The market capitalisation of Grong Sparebank is 770M NOK (≈ $80.8M). 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 Grong Sparebank (GRONG)?
The price-to-sales ratio of Grong Sparebank is 3.89 (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 Grong Sparebank (GRONG)?
Earnings per share at Grong Sparebank are kr 20.81 (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Grong Sparebank (GRONG)?
The dividend yield of Grong Sparebank is 6.5% (payout 52.9%). 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 Grong Sparebank (GRONG)?
The net margin of Grong Sparebank is 48.0% (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 Grong Sparebank (GRONG)?
The return on equity (ROE) of Grong Sparebank is 13.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Grong Sparebank (GRONG)?
The return on assets (ROA) of Grong Sparebank is 1.7% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Grong Sparebank (GRONG)?
The operating margin of Grong Sparebank is 36.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grong Sparebank (GRONG)?
Revenue at Grong Sparebank is growing +11.0% versus a year earlier (3y avg +8.0%). 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 Grong Sparebank (GRONG)?
Earnings per share at Grong Sparebank are growing −1.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Grong Sparebank (GRONG) generate?
The free cash flow of Grong Sparebank is −202M 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 Grong Sparebank (GRONG) carry?
The net debt of Grong Sparebank is 1.6B 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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