Romerike Sparebank (ROMER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Romerike Sparebank stock NOK 268, price NOK 154, upside +73.3%, quality 42 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 8, 2026.
How to read this chart
60‑month range kr 81.36 – kr 161.30 · fair‑value band kr 251.58 – kr 303.23 · the kr 154.48 price screens below the kr 267.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Romerike Sparebank provides various banking products and services.
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The company provides daily banking; mortgage for young people; proof of financing; refinancing of mortgage; green and moving mortgage; refinancing consumer debt; car, framework, construction, green rehabilitation, cottage, fixed-rate, and consumer loans; loans for motor cycles, motor homes, boats, and ATVs; and bank, BSU, mutual fund, retirement savings, micro saving, and fund savings for children.
It also offers insurance for car, content, dog, travel, child, valuables, home, and electric scooters. In addition, the company provides savings and retirement products. The company was formerly known as Lillestrøm Sparebank and changed its name to Romerike Sparebank in September 2021.
Romerike Sparebank was founded in 1887 and is headquartered in Lillestrøm, Norway.
Stock analysis
Romerike Sparebank (ROMER) currently trades at kr 154.48, while our model-based Fair Value estimate is kr 267.79, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 404.64 per share, and 4 of the 6 models we run sit above the kr 154.48 price.
Bear case: the Dividend Discount group reads lowest at kr 50.23, and 2 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 251.58 (bear) to kr 303.23 (bull), the price of kr 154.48 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 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Romerike Sparebank reported revenue of 494M NOK in FY2025 versus 228M NOK in FY2021, a compound +21.3%/yr. Reported net income was 226M NOK in FY2025, compounding +20.3%/yr from FY2021.
Key figures
Market cap 1.2B NOK (≈ $130M) Micro · P/E ratio 2.1 · P/S ratio 0.92 · EPS (TTM) kr 71.91 · Dividend yield 6.8% · Net margin 42.8% · Return on equity 8.7% · Return on assets 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 73%, ROMER screens cheaper than that median.
Fair Value models
Bearkr 251.58Fair Value kr 267.79Bullkr 303.23
Price kr 154.48 · Upside +73.3%
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 52.66 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
+5.3%
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.
+73.4%
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.
+19.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+16.5%
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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.
+3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.3%
Dividend (yield on the price)6.8%
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.−3.3% vs 5.6%, slowing
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.8%/yr over ~5Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+73.3% · Top 25%
Profitability
Return on equity (12 months)8.7% · Below median
Return on assets1.1% · Above median
Net margin (12 months)42.8% · Top 25%
Operating margin (12 months)62.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−8.1% · Bottom 25%
Dividend yield (12 months)6.8% · Top 25%
Balance sheet
Debt / equity2.44× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)2.1× · Cheapest 25%
P/B0.49× · Cheapest 25%
P/S (12 months)2.58× · Cheaper than median
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)35· 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). "Romerike Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/ROMER
Frequently asked questions
Is Romerike Sparebank (ROMER) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 267.79 versus a price of kr 154.48, about +73% upside (undervalued).
What is the fair value of ROMER?
Our model-based fair value for Romerike Sparebank is kr 267.79 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 154.48.
What is the quality score of ROMER?
Romerike Sparebank has a Quality Score of 42/100. 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 Romerike Sparebank (ROMER)?
Our model-based price target is the fair value of kr 267.79 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario kr 251.58, optimistic scenario kr 303.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Romerike Sparebank stock forecast for 2026?
Our models put fair value at kr 267.79, about +73% upside versus a price of kr 154.48 (undervalued). Cautious scenario kr 251.58, optimistic scenario kr 303.23. The calculation is refreshed regularly with new filings.
What is the revenue of Romerike Sparebank (ROMER)?
Romerike Sparebank reported trailing-twelve-month revenue of about 476M NOK (latest available figure, as of Nov 8, 2026).
Does Romerike Sparebank pay a dividend?
Romerike Sparebank currently shows a dividend yield of 6.80% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Romerike Sparebank (ROMER) and when is the ex-dividend date?
Romerike Sparebank pays a dividend of kr 10.50 per share a year, a dividend yield of 6.8%. The last ex-dividend date was Mar 27, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 14.6% 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 Romerike Sparebank (ROMER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Romerike Sparebank it is kr 267.79 per share (as of Nov 8, 2026), against a price of kr 154.48. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Romerike Sparebank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ROMER trades below its calculated fair value: price kr 154.48, fair value kr 267.79, a gap of about +73% (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 ROMER?
No. The price is what the market pays today (kr 154.48); the fair value is what the company's own numbers justify (kr 267.79). For Romerike Sparebank the two are kr 113.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Romerike Sparebank worth?
The market values Romerike Sparebank at about 1.2B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 154.48; our models calculate a fair value of kr 267.79 per share.
What do the bullish and bearish scenarios say about ROMER?
Our models span a range for Romerike Sparebank: cautious scenario kr 251.58, base kr 267.79, optimistic kr 303.23 per share (as of Nov 8, 2026, price kr 154.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ROMER?
Romerike Sparebank trades at a price-to-earnings ratio of 2.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 267.79 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 1.8. Other multiples: P/B 0.5, P/S 2.6.
How solid is the balance sheet of Romerike Sparebank (ROMER)?
Balance-sheet figures for Romerike Sparebank (as of Nov 8, 2026): return on equity 8.7%, debt of 2.44 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is ROMER from its 52-week high?
Romerike Sparebank trades at kr 154.48, about 4% below its 52-week high of kr 161.30 and 19% above the low of kr 129.32 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 267.79 is for.
Which stocks are comparable to Romerike 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 Romerike Sparebank stock attractive at the current price?
The data as of Nov 8, 2026: price kr 154.48, calculated fair value kr 267.79 (+73%), Quality Score 42/100, 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 ROMER calculated?
We run Romerike 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 267.79 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. Romerike Sparebank currently trades 42% 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 Romerike Sparebank (ROMER)?
The closing price on Nov 6, 2026 was kr 154.48. Our model-based fair value is kr 267.79, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Romerike Sparebank right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 251.58). 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 Romerike Sparebank
How large is the market capitalisation of Romerike Sparebank (ROMER)?
The market capitalisation of Romerike Sparebank is 1.2B NOK (≈ $130M). 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 Romerike Sparebank (ROMER)?
The price-to-sales ratio of Romerike Sparebank is 0.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Romerike Sparebank (ROMER)?
Earnings per share at Romerike Sparebank are kr 71.91 (price ÷ EPS = P/E 2.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Romerike Sparebank (ROMER)?
The dividend yield of Romerike Sparebank is 6.8% (payout 14.6%). 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 Romerike Sparebank (ROMER)?
The net margin of Romerike Sparebank is 42.8% (last twelve months). 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 Romerike Sparebank (ROMER)?
The return on equity (ROE) of Romerike Sparebank is 8.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Romerike Sparebank (ROMER)?
The return on assets (ROA) of Romerike Sparebank is 1.0% (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 Romerike Sparebank (ROMER)?
The operating margin of Romerike Sparebank is 62.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Romerike Sparebank (ROMER)?
Revenue at Romerike Sparebank is growing −8.1% versus a year earlier (3y avg +73.4%). 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 Romerike Sparebank (ROMER)?
Earnings per share at Romerike Sparebank are growing −15.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Romerike Sparebank (ROMER) generate?
The free cash flow of Romerike Sparebank is −440M 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 Romerike Sparebank (ROMER) carry?
The net debt of Romerike Sparebank is 6.0B 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 8, 2026