Grong Sparebank (GRONG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Grong Sparebank stock NOK 341, price NOK 170, upside +100.0%, quality 47 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 85.42 – kr 199.98 · fair‑value band kr 260.68 – kr 434.47 · the kr 170.48 price screens below the kr 340.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 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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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 170.48, while our model-based Fair Value estimate is kr 340.96, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 398.66 per share, and 3 of the 6 models we run sit above the kr 170.48 price.
Bear case: the Dividend Discount group reads lowest at kr 140.64, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 260.68 (bear) to kr 434.47 (bull), the price of kr 170.48 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 47/100 (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 677M NOK (≈ $71.7M) Micro · P/E ratio 8.9 · P/S ratio 4.25 · EPS (TTM) kr 19.25 · Dividend yield 6.5% · Net margin 48.0% · Return on equity 12.6% · Return on assets 1.5%.
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 15% below its 52-week high and 19% 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%, GRONG screens cheaper than that median.
Fair Value models
Bearkr 260.68Fair Value kr 340.96Bullkr 434.47
Price kr 170.48 · 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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 7.07 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.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.11.3% vs 9.6%, 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 · 996 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)12.6% · Above median
Return on assets1.7% · Top 25%
Net margin (12 months)44.3% · Top 25%
Operating margin (12 months)56.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.9% · Bottom 25%
Dividend yield (12 months)6.5% · Top 25%
Balance sheet
Debt / equity1.10× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.9× · Cheaper than median
P/B0.45× · Cheapest 25%
P/S (12 months)1.63× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 8
FUTURE (revenue growth)0· sector 47
PAST (return on equity)50· 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). "Grong Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/GRONG
Frequently asked questions
Is Grong Sparebank (GRONG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 340.96 versus a price of kr 170.48, about +100% upside (undervalued).
What is the fair value of GRONG?
Our model-based fair value for Grong Sparebank is kr 340.96 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 170.48.
What is the quality score of GRONG?
Grong Sparebank has a Quality Score of 47/100. 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 340.96 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario kr 260.68, optimistic scenario kr 434.47. 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 340.96, about +100% upside versus a price of kr 170.48 (undervalued). Cautious scenario kr 260.68, optimistic scenario kr 434.47. 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 415M NOK (latest available figure, as of Nov 9, 2026).
Does Grong Sparebank pay a dividend?
Grong Sparebank currently shows a dividend yield of 6.45% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Grong Sparebank (GRONG) and when is the ex-dividend date?
Grong Sparebank pays a dividend of kr 11.00 per share a year, a dividend yield of 6.5%. The last ex-dividend date was Apr 9, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 57.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
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 340.96 per share (as of Nov 9, 2026), against a price of kr 170.48. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Grong Sparebank stock overvalued or undervalued in 2026?
As of Nov 9, 2026, GRONG trades below its calculated fair value: price kr 170.48, fair value kr 340.96, 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 GRONG?
No. The price is what the market pays today (kr 170.48); the fair value is what the company's own numbers justify (kr 340.96). For Grong Sparebank the two are kr 170.48 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 677M NOK (market capitalisation, as of Nov 9, 2026). Per share that is kr 170.48; our models calculate a fair value of kr 340.96 per share.
What do the bullish and bearish scenarios say about GRONG?
Our models span a range for Grong Sparebank: cautious scenario kr 260.68, base kr 340.96, optimistic kr 434.47 per share (as of Nov 9, 2026, price kr 170.48). 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 8.9 (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 340.96 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 4.3. Other multiples: P/B 0.5, P/S 1.6.
How solid is the balance sheet of Grong Sparebank (GRONG)?
Balance-sheet figures for Grong Sparebank (as of Nov 9, 2026): return on equity 12.6%, debt of 1.10 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is GRONG from its 52-week high?
Grong Sparebank trades at kr 170.48, about 15% below its 52-week high of kr 199.98 and 19% above the low of kr 143.64 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 340.96 is for.
Which stocks are comparable to Grong 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 Grong Sparebank stock attractive at the current price?
The data as of Nov 9, 2026: price kr 170.48, calculated fair value kr 340.96 (+100%), Quality Score 47/100, 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 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 340.96 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. Grong 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 Grong Sparebank (GRONG)?
The closing price on Nov 6, 2026 was kr 170.48. Our model-based fair value is kr 340.96, about +100% 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 large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 260.68). 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 Grong Sparebank
How large is the market capitalisation of Grong Sparebank (GRONG)?
The market capitalisation of Grong Sparebank is 677M NOK (≈ $71.7M). 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 Grong Sparebank (GRONG)?
The price-to-sales ratio of Grong Sparebank is 4.25 (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 19.25 (price ÷ EPS = P/E 8.9). 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 57.1%). 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 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 12.6% (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 1.5% (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 56.2% (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 −9.9% 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 −25.9% 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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Nov 9, 2026