SpareBank 1 SMN, (MING) Fair Value & Analysis
Financial Services · NO · Market cap 27.7B NOK
Fair value as of: Jun 26, 2026
From 22 valuation models · updated 4 days ago
Fair value updated Jun 26, 2026 — revised from kr 302.54 to kr 379.36 (+25.4%) since Jun 24, 2026. Share price −2.1% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 172.22 – kr 215.16 · fair‑value band kr 284.53 – kr 474.20 · the kr 189.68 price screens below the kr 379.36 fair value. As of Jun 26, 2026.
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SpareBank 1 SMN, (MING) currently trades at kr 189.68, while our model-based Fair Value estimate is kr 379.36 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 95/100 (high 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: high) — always confirm before acting.
Over the trailing twelve months, SpareBank 1 SMN, generated revenue of 8.8B NOK at a net margin of 47.2%. Revenue declined 7.7% year over year. It earns a return on equity of 14.5%. Net debt stands at 45.4B NOK. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. The company offers deposits, savings and investment products, financing and real estate brokerage services, vehicle financing and leasing services, insurance products, credit and debit cards, loans, structured products, and stock trading and international payment services. It also provides bank guarantee, such as payment, lien, rent, loan, contract, other guarantees; documentary collection; foreign currency accounts; letters of credit; forward contracts; capital market and accounting services; and mobile, online, and other banking services. The company distributes its products through physical branches and digital channels, as well as a customer service center. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SpareBank 1 SMN, reported revenue of kr 8.1B in FY2025 versus kr 5.9B in FY2021, a compound +7.9%/yr. Reported net income was kr 4.3B in FY2025, compounding +11.8%/yr from FY2021.
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6 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| HDFC Bank Limited HDFCBANK | ₹747.05 | ₹894.11 | +20% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.