Sparebank 68 Grader Nord (SB68) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sparebank 68 Grader Nord NOK 424, price NOK 212, upside +100.0%, quality 43 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 119.05 – kr 227.95 · fair‑value band kr 317.93 – kr 529.87 · the kr 211.95 price screens below the kr 423.90 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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Sparebank 68° Nord, a savings bank, provides various banking services to the personal and corporate market in Norway. The company offers savings accounts; house, retirement, and mutual fund savings; debit and credit cards; and stock trading services.
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Sparebank 68° Nord, a savings bank, provides various banking services to the personal and corporate market in Norway. The company offers savings accounts; house, retirement, and mutual fund savings; debit and credit cards; and stock trading services. It also provides mortgage, housing, car and other vehicle, boat, and green loans; consumer loans and refinancing; insurance products; online and mobile banking; payment solutions; real estate agent services; and legal services. The company was founded in 1926 and is based in Leknes, Norway.
Stock analysis
Sparebank 68 Grader Nord (SB68) currently trades at kr 211.95, while our model-based Fair Value estimate is kr 423.90, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 601.49 per share, and 4 of the 4 models we run sit above the kr 211.95 price.
Bear case: the Asset-Based group reads lowest at kr 368.65, and 0 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 317.93 (bear) to kr 529.87 (bull), the price of kr 211.95 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 43/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sparebank 68 Grader Nord reported revenue of 363M NOK in FY2025 versus 246M NOK in FY2021, a compound +10.1%/yr. Reported net income was 138M NOK in FY2025, compounding +6.4%/yr from FY2021.
Key figures
Market cap 632M NOK (≈ $66.3M) · P/E ratio 13.0 · P/S ratio 4.95 · EPS (TTM) kr 16.28 · Dividend yield 6.4% · Net margin 38.0% · Return on equity 9.3% · Return on assets (EBIT) 1.4%.
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 7% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 100%, SB68 screens cheaper than that median.
Fair Value models
Bear kr 317.93Fair Value kr 423.90Bull kr 529.87
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 2.04 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.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.9%
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.
+9.2%
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.
+12.2%
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.
+21.6%
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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.
+21.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.6%
Dividend (yield on the price)6.4%
Profit margin 2018 to 2021 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.73% → 50%
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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 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)9% · Below median
Return on assets1% · Above median
Net margin (TTM)41% · Top 25%
Operating margin (TTM)52% · Top 25%
Growth and dividend
Revenue growth24% · Top 25%
Dividend yield (TTM)6.4% · Top 25%
Balance sheet
Debt / equity1.49× · 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). "Sparebank 68 Grader Nord Fair Value". https://www.fairvalue-calculator.com/stock/SB68
Frequently asked questions
Is Sparebank 68 Grader Nord (SB68) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 423.90 versus a price of kr 211.95, about +100% upside (undervalued).
What is the fair value of SB68?
Our model-based fair value for Sparebank 68 Grader Nord is kr 423.90 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 211.95.
What is the quality score of SB68?
Sparebank 68 Grader Nord has a Quality Score of 43/100. 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 Sparebank 68 Grader Nord (SB68)?
Our model-based price target is the fair value of kr 423.90 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario kr 317.93, optimistic scenario kr 529.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Sparebank 68 Grader Nord stock forecast for 2026?
Our models put fair value at kr 423.90, about +100% upside versus a price of kr 211.95 (undervalued). Cautious scenario kr 317.93, optimistic scenario kr 529.87. The calculation is refreshed regularly with new filings.
What is the revenue of Sparebank 68 Grader Nord (SB68)?
Sparebank 68 Grader Nord reported trailing-twelve-month revenue of about 368M NOK (latest available figure, as of Sep 24, 2026).
Does Sparebank 68 Grader Nord pay a dividend?
Sparebank 68 Grader Nord currently shows a dividend yield of about 6.37% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Sparebank 68 Grader Nord (SB68)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sparebank 68 Grader Nord it is kr 423.90 per share (as of Sep 24, 2026), against a price of kr 211.95. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Sparebank 68 Grader Nord stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SB68 trades below its calculated fair value: price kr 211.95, fair value kr 423.90, 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 SB68?
No. The price is what the market pays today (kr 211.95); the fair value is what the company's own numbers justify (kr 423.90). For Sparebank 68 Grader Nord the two are kr 211.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sparebank 68 Grader Nord worth?
The market values Sparebank 68 Grader Nord at about 632M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 211.95; our models calculate a fair value of kr 423.90 per share.
What do the bullish and bearish scenarios say about SB68?
Our models span a range for Sparebank 68 Grader Nord: cautious scenario kr 317.93, base kr 423.90, optimistic kr 529.87 per share (as of Sep 24, 2026, price kr 211.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SB68?
Sparebank 68 Grader Nord trades at a price-to-earnings ratio of 13.0 (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 423.90 is built from several models across several years. Other multiples: P/B 0.4, P/S 1.7.
How solid is the balance sheet of Sparebank 68 Grader Nord (SB68)?
Balance-sheet figures for Sparebank 68 Grader Nord (as of Sep 24, 2026): return on equity 9.3%, debt of 1.49 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is SB68 from its 52-week high?
Sparebank 68 Grader Nord trades at kr 211.95, about 7% below its 52-week high of kr 227.95 and 25% above the low of kr 169.54 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 423.90 is for.
Which stocks are comparable to Sparebank 68 Grader Nord?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Sparebank 68 Grader Nord stock attractive at the current price?
The data as of Sep 24, 2026: price kr 211.95, calculated fair value kr 423.90 (+100%), Quality Score 43/100, from 4 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 SB68 calculated?
We run Sparebank 68 Grader Nord through 4 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 423.90, 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 14.0 % above its aggregate fair value. Sparebank 68 Grader Nord currently trades 100 % 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 Sparebank 68 Grader Nord (SB68)?
The closing price on Sep 24, 2026 was kr 211.95. Our model-based fair value is kr 423.90, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sparebank 68 Grader Nord right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 317.93). 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 Sparebank 68 Grader Nord
How large is the market capitalisation of Sparebank 68 Grader Nord (SB68)?
The market capitalisation of Sparebank 68 Grader Nord is 632M NOK (≈ $66.3M). 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 Sparebank 68 Grader Nord (SB68)?
The price-to-sales ratio of Sparebank 68 Grader Nord is 4.95 (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 Sparebank 68 Grader Nord (SB68)?
Earnings per share at Sparebank 68 Grader Nord are kr 16.28 (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sparebank 68 Grader Nord (SB68)?
The dividend yield of Sparebank 68 Grader Nord is 6.4% (payout 82.9%). 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 Sparebank 68 Grader Nord (SB68)?
The net margin of Sparebank 68 Grader Nord is 38.0% (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 Sparebank 68 Grader Nord (SB68)?
The return on equity (ROE) of Sparebank 68 Grader Nord is 9.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sparebank 68 Grader Nord (SB68)?
On an EBIT basis the return on assets of Sparebank 68 Grader Nord is 1.4% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sparebank 68 Grader Nord (SB68)?
The operating margin of Sparebank 68 Grader Nord is 52.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sparebank 68 Grader Nord (SB68)?
Revenue at Sparebank 68 Grader Nord is growing +23.8% versus a year earlier (3y avg +9.2%). 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 Sparebank 68 Grader Nord (SB68)?
Earnings per share at Sparebank 68 Grader Nord are growing +35.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sparebank 68 Grader Nord (SB68) generate?
The free cash flow of Sparebank 68 Grader Nord is −58.6M 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 Sparebank 68 Grader Nord (SB68) carry?
The net debt of Sparebank 68 Grader Nord is 2.5B 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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