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Sparebanken Møre, (MORG) Fair Value & Analysis

Financial Services · NO · Market cap 5.6B NOK

Pricekr 111.00
Fair Valuekr 222.00
Upside+100.0%
Quality95/100
Evidence: High Range kr 166.51 – kr 277.50

Fair value as of: Jun 25, 2026

Analysis

Sparebanken Møre, (MORG) currently trades at kr 111.00, while our model-based Fair Value estimate is kr 222.00 — 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.

About the company

Sparebanken Møre, together with its subsidiaries, provides banking services for the retail and business markets in Norway. It operates through Corporate, Retail, and Real Estate Brokerage segments. The company offers deposits and investments, savings, payment, financial advice, insurance brokerage, and consulting services; mortgage loans; and brokerage services in the purchase and sale of residential and commercial properties. It also provides financing products, such as overdrafts, installment loans, green commercial building loans, construction loans, leasing, and growth guarantee schemes; asset management; mutual funds; online banking; credit cards; and car, home, contents, travel, personal, cabin, boat, valuables, dog, cat, horse, electric scooter, employee/personnel, agriculture, vehicles and machinery, and building and asset insurance products. Sparebanken Møre was founded in 1843 and is headquartered in Ålesund, Norway.

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Frequently asked questions

Is Sparebanken Møre, (MORG) undervalued?
As of Jun 25, 2026, our model estimates a fair value of kr 222.00 versus a price of kr 111.00 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MORG?
Our 21-model fair value for Sparebanken Møre, is kr 222.00 (as of Jun 25, 2026), built from audited fundamentals. The current price is kr 111.00.
What is the quality score of MORG?
Sparebanken Møre, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.