Tinde Sparebank (TINDE) Fair Value & Analysis
Financial Services · NO · Market cap 605M NOK
Fair value as of: Jul 17, 2026
From 2 valuation models · updated 24 days ago
Share price +3.1% over the past month.
Below-average quality, screening 63% undervalued on our models.
What matters 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 141.53). 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range kr 72.01 – kr 124.64 · fair‑value band kr 141.53 – kr 235.88 · the kr 115.50 price screens below the kr 188.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Tinde Sparebank (TINDE) currently trades at kr 115.50, while our model-based Fair Value estimate is kr 188.70, implying the stock looks roughly 63.4% undervalued today. The Quality Score stands at 25/100 (below-average 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: medium), always confirm before acting.
Over the trailing twelve months, Tinde Sparebank generated revenue of 329M NOK at a net margin of 23.4%. Revenue grew 32.1% year over year. It earns a return on equity of 4.9%. Net debt stands at 2.7B NOK. Fundamentals as of Jul 17, 2026
Our scenario range runs from kr 141.53 (bear case) to kr 235.88 (bull case); at kr 115.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at 63%, TINDE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Multiples (kr 330.98) versus Asset-Based (kr 260.89). Highest evidence: P/B Multiple (55).
Notify me when TINDE reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 20 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tinde Sparebank reported revenue of kr 376M in FY2025 versus kr 164M in FY2021, a compound +23.0%/yr. Reported net income was kr 83.3M in FY2025, compounding +12.0%/yr from FY2021.
Watch TINDE: get an alert when its fair value changes →
Peer Group
Financial Conglomerates · 55 stocks
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.
Valuation Multiples vs Financial Conglomerates median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $40.31 | $35.05 | -13% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,065 | ₹682.29 | -67% |
| Yuanta Financial Holding 2885 | 66.70 TWD | 35.75 TWD | -46% |
| China Galaxy Securities Co 601881 | ¥12.94 | ¥18.92 | +46% |
| Guosen Securities Co 002736 | ¥10.34 | ¥17.96 | +74% |
| CNPC Capital Company 000617 | ¥6.80 | ¥5.78 | -15% |
| Aditya Birla Capital Limited ABCAPITAL | ₹399.25 | ₹176.15 | -56% |
| Freedom Holding FRHC | $152.69 | $32.75 | -79% |
| Voya Financial, Inc VOYA | $98.49 | $76.48 | -22% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.77 | ¥9.27 | +19% |
Compare Tinde Sparebank with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Tinde Sparebank (TINDE) overvalued or undervalued?
What is the fair value of TINDE?
What is the quality score of TINDE?
What is the revenue of Tinde Sparebank (TINDE)?
What is the net profit margin of TINDE?
Does Tinde Sparebank pay a dividend?
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.
Track Tinde Sparebank and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.