EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Tinde Sparebank (TINDE) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Tinde Sparebank NOK 187, price NOK 111, upside +69.2%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Financial Services · NO

TS Some data Sep 24, 2026

Tinde Sparebank

TINDE · OL

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value kr 187.00 · Strongly undervalued (+69%)
!Quality 25/100
!Expensive Growth (revenue 3y +26.0 %/yr)
✓Highly profitable · 23.4% net margin (TTM)
!Moderate debt · negative free cash flow
·4.43% dividend yield
!Mixed vs. peers (7/12)
!Moderate moat 52/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 19 out of 100
Watch Tinde Sparebank for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 124.64 kr 72.01 Fair Value kr 187.00 Apr 2020 Sep 2026

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 72.01 – kr 124.64 · fair‑value band kr 140.25 – kr 233.75 · the kr 110.52 price screens below the kr 187.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

Follow Tinde Sparebank in your weekly email

Every Wednesday you see whether Tinde Sparebank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Tinde Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers in Norway. It offers savings and pension accounts, credit cards, and mobile and online banking services.

Show more

Tinde Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers in Norway. It offers savings and pension accounts, credit cards, and mobile and online banking services. The company also provides insurance products for cars, children, contents, household items, home, travel, dog, and damage; and loan products for car, mortgage, consumer, motorcycles, motorhomes, and ATVs, as well as refinances consumer debt. The company was formerly known as Romsdal Sparebank and changed its name to Tinde Sparebank in June 2025. The company was founded in 1878 and is based in Elnesvågen, Norway.

Stock analysis

Tinde Sparebank (TINDE) currently trades at kr 110.52, while our model-based Fair Value estimate is kr 187.00, implying the stock looks roughly 40.9% undervalued today.

Show more

Valuation

How firm this estimate is: it rests on 11 models at a data quality of 95/100, which puts the evidence level at medium.

Scenario range: kr 140.25 (bear) to kr 233.75 (bull), the price of kr 110.52 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 25/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Tinde Sparebank reported revenue of 376M NOK in FY2025 versus 164M NOK in FY2021, a compound +23.0%/yr. Reported net income was 83.3M NOK in FY2025, compounding +12.0%/yr from FY2021.

Key figures

Market cap 602M NOK (≈ $63.2M) · P/E ratio 31.4 · P/S ratio 6.95 · EPS (TTM) kr 3.52 · Dividend yield 4.4% · Net margin 22.1% · Return on equity 4.9% · Return on assets 0.7%.

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 9% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at 69%, TINDE screens cheaper than that median.

Fair Value models

Bear kr 140.25 Fair Value kr 187.00 Bull kr 233.75
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. 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.
Highest evidence
P/B Multiple kr 248.24 kr 330.98 kr 413.73 55
NCAV (Graham) kr 194.69 kr 260.89 kr 389.39 54
All 2 models by family
Multiples
P/B Multiple kr 248.24 kr 330.98 kr 413.73 55
Asset-Based
NCAV (Graham) kr 194.69 kr 260.89 kr 389.39 54

Open the full fair value analysis →

Notify me when TINDE reaches fair value

Put TINDE on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 25/100

Of which business quality 20 · Market factors (momentum, volatility) 51

Profitability 35
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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
+56.3%
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.
+26.0%
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.
−5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.2%
Dividend (yield on the price)4.4%

Watch TINDE, get fair value alerts →

Compare Tinde Sparebank with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Financial Conglomerates · 57 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 22 · Bottom 25%
Fair Value upside +69% · Top 25%
Profitability
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 23% · Above median
Operating margin (TTM) 20% · Above median
Growth and dividend
Revenue growth 32% · Top 25%
Dividend yield (TTM) 4.4% · Above median
Balance sheet
Debt / equity 1.28× · Highest 25%

Valuation Multiplesvs Financial Conglomerates median · lower = cheaper

P/E (TTM) 31.4× · Priciest 25%
P/B 0.28× · Cheapest 25%
P/S (TTM) 1.83× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 7
FUTURE (revenue growth)100 · sector 39
PAST (return on equity)19 · sector 30
HEALTH (low debt)36 · sector 83
DIVIDEND (yield)89 · sector 54

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $39.53 $65.68 +66%
Bajaj Finserv Ltd BAJAJFINSV ₹1,847 ₹796.96 −57%
Yuanta Financial Holding 2885 69.20 TWD 21.71 TWD −69%
China Galaxy Securities Co 601881 ¥12.18 ¥11.34 −7%
Guosen Securities Co 002736 ¥9.97 ¥10.84 +9%
CNPC Capital Company 000617 ¥6.90 ¥6.99 +1%
Aditya Birla Capital Limited ABCAPITAL ₹402.45 ₹227.77 −43%
Freedom Holding FRHC $171.16 $23.23 −86%
Voya Financial, Inc VOYA $98.04 $72.59 −26%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.46 ¥5.63 −25%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

Tinde Sparebank · Fair Value
kr 187.00 +41%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Tinde Sparebank Fair Value". https://www.fairvalue-calculator.com/stock/TINDE

Frequently asked questions

Is Tinde Sparebank (TINDE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 187.00 versus a price of kr 110.52, about +69% upside (undervalued).
What is the fair value of TINDE?
Our model-based fair value for Tinde Sparebank is kr 187.00 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 110.52.
What is the quality score of TINDE?
Tinde Sparebank has a Quality Score of 25/100. 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 Tinde Sparebank (TINDE)?
Our model-based price target is the fair value of kr 187.00 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario kr 140.25, optimistic scenario kr 233.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Tinde Sparebank stock forecast for 2026?
Our models put fair value at kr 187.00, about +69% upside versus a price of kr 110.52 (undervalued). Cautious scenario kr 140.25, optimistic scenario kr 233.75. The calculation is refreshed regularly with new filings.
What is the revenue of Tinde Sparebank (TINDE)?
Tinde Sparebank reported trailing-twelve-month revenue of about 329M NOK (latest available figure, as of Sep 24, 2026).
Does Tinde Sparebank pay a dividend?
Tinde Sparebank currently shows a dividend yield of about 4.43% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Tinde Sparebank (TINDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tinde Sparebank it is kr 187.00 per share (as of Sep 24, 2026), against a price of kr 110.52. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Tinde Sparebank stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TINDE trades below its calculated fair value: price kr 110.52, fair value kr 187.00, a gap of about +69% (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 TINDE?
No. The price is what the market pays today (kr 110.52); the fair value is what the company's own numbers justify (kr 187.00). For Tinde Sparebank the two are kr 76.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tinde Sparebank worth?
The market values Tinde Sparebank at about 602M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 110.52; our models calculate a fair value of kr 187.00 per share.
What do the bullish and bearish scenarios say about TINDE?
Our models span a range for Tinde Sparebank: cautious scenario kr 140.25, base kr 187.00, optimistic kr 233.75 per share (as of Sep 24, 2026, price kr 110.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TINDE?
Tinde Sparebank trades at a price-to-earnings ratio of 31.4 (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 187.00 is built from several models across several years. Other multiples: P/B 0.3, P/S 1.8.
How solid is the balance sheet of Tinde Sparebank (TINDE)?
Balance-sheet figures for Tinde Sparebank (as of Sep 24, 2026): return on equity 4.9%, debt of 1.28 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is TINDE from its 52-week high?
Tinde Sparebank trades at kr 110.52, about 9% below its 52-week high of kr 121.80 and 2% above the low of kr 108.44 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 187.00 is for.
Which stocks are comparable to Tinde Sparebank?
From the same area (Financial Services) we also value ORIX Corporation, Bajaj Finserv Ltd, Yuanta Financial Holding, China Galaxy Securities Co, 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 Tinde Sparebank stock attractive at the current price?
The data as of Sep 24, 2026: price kr 110.52, calculated fair value kr 187.00 (+69%), Quality Score 25/100, from 2 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 TINDE calculated?
We run Tinde Sparebank through 2 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 187.00, 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 13.0 % above its aggregate fair value. Tinde Sparebank currently trades 69 % 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 Tinde Sparebank (TINDE)?
The closing price on Sep 24, 2026 was kr 110.52. Our model-based fair value is kr 187.00, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tinde Sparebank right now?
The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 140.25). 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 Tinde Sparebank

How large is the market capitalisation of Tinde Sparebank (TINDE)?
The market capitalisation of Tinde Sparebank is 602M NOK (≈ $63.2M). 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 Tinde Sparebank (TINDE)?
The price-to-sales ratio of Tinde Sparebank is 6.95 (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 Tinde Sparebank (TINDE)?
Earnings per share at Tinde Sparebank are kr 3.52 (price ÷ EPS = P/E 31.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tinde Sparebank (TINDE)?
The dividend yield of Tinde Sparebank is 4.4% (payout 139%). 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 Tinde Sparebank (TINDE)?
The net margin of Tinde Sparebank is 22.1% (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 Tinde Sparebank (TINDE)?
The return on equity (ROE) of Tinde Sparebank is 4.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Tinde Sparebank (TINDE)?
The return on assets (ROA) of Tinde Sparebank is 0.7% (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 Tinde Sparebank (TINDE)?
The operating margin of Tinde Sparebank is 19.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tinde Sparebank (TINDE)?
Revenue at Tinde Sparebank is growing +32.1% versus a year earlier (3y avg +26.0%). 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 Tinde Sparebank (TINDE)?
Earnings per share at Tinde Sparebank are growing −65.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tinde Sparebank (TINDE) generate?
The free cash flow of Tinde Sparebank is −483M 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 Tinde Sparebank (TINDE) carry?
The net debt of Tinde Sparebank is 2.7B 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.
Free · no account needed

Watch Tinde Sparebank in the live analysis

One click puts Tinde Sparebank on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.