Sparebank 68 Grader Nord (SB68) - Net Assets
Based on the latest financial reports, Sparebank 68 Grader Nord (SB68) has net assets worth Nkr1.64 Billion NOK (≈ $172.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr12.81 Billion ≈ $1.35 Billion USD) and total liabilities (Nkr11.17 Billion ≈ $1.18 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SB68 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.64 Billion |
| % of Total Assets | 12.8% |
| Annual Growth Rate | 18.16% |
| 5-Year Change | 27.8% |
| 10-Year Change | N/A |
| Growth Volatility | 21.68 |
Sparebank 68 Grader Nord - Net Assets Trend (2018–2025)
This chart illustrates how Sparebank 68 Grader Nord's net assets have evolved over time, based on quarterly financial data. See SB68 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sparebank 68 Grader Nord (2018–2025)
The table below shows the annual net assets of Sparebank 68 Grader Nord from 2018 to 2025. For live valuation and market cap data, see market value of Sparebank 68 Grader Nord.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr1.64 Billion ≈ $172.55 Million |
+5.58% |
| 2024-12-31 | Nkr1.55 Billion ≈ $163.43 Million |
+5.84% |
| 2023-12-31 | Nkr1.47 Billion ≈ $154.40 Million |
+7.15% |
| 2022-12-31 | Nkr1.37 Billion ≈ $144.10 Million |
+6.73% |
| 2021-12-31 | Nkr1.28 Billion ≈ $135.02 Million |
+8.08% |
| 2020-12-31 | Nkr1.19 Billion ≈ $124.93 Million |
+63.59% |
| 2019-12-31 | Nkr725.71 Million ≈ $76.37 Million |
+42.31% |
| 2018-12-31 | Nkr509.94 Million ≈ $53.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sparebank 68 Grader Nord's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr299.27 Million | 18.25% |
| Other Components | Nkr1.34 Billion | 81.75% |
| Total Equity | Nkr1.64 Billion | 100.00% |
Sparebank 68 Grader Nord Competitors by Market Cap
The table below lists competitors of Sparebank 68 Grader Nord ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Futebol Clube do Porto - Futebol S.A.D.
LS:FCP
|
$65.25 Million |
|
Alterity Therapeutics Limited
F:PBN
|
$65.25 Million |
|
Seosan Corporation
KQ:079650
|
$65.26 Million |
|
abrdn Asia Pacific Income Fund VCC
TO:FAP
|
$65.27 Million |
|
DY Corporation
KO:013570
|
$65.20 Million |
|
Finetek Co. Ltd
KQ:131760
|
$65.19 Million |
|
Cauldron Energy Ltd
AU:CXU
|
$65.18 Million |
|
ABITARE IN S.P.A.
F:1BN
|
$65.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparebank 68 Grader Nord's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,553,075,000 to 1,639,714,000, a change of 86,639,000 (5.6%).
- Net income of 137,884,000 contributed positively to equity growth.
- Share repurchases of 838,000 reduced equity.
- Other factors decreased equity by 50,407,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr137.88 Million | +8.41% |
| Share Repurchases | Nkr838.00K | -0.05% |
| Other Changes | Nkr-50.41 Million | -3.07% |
| Total Change | Nkr- | 5.58% |
Book Value vs Market Value Analysis
This analysis compares Sparebank 68 Grader Nord's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.21x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr171.81 | Nkr208.00 | x |
| 2019-12-31 | Nkr244.51 | Nkr208.00 | x |
| 2020-12-31 | Nkr399.18 | Nkr208.00 | x |
| 2021-12-31 | Nkr431.42 | Nkr208.00 | x |
| 2022-12-31 | Nkr461.09 | Nkr208.00 | x |
| 2023-12-31 | Nkr493.53 | Nkr208.00 | x |
| 2024-12-31 | Nkr522.37 | Nkr208.00 | x |
| 2025-12-31 | Nkr550.00 | Nkr208.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparebank 68 Grader Nord utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.03%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.81x
- Recent ROE (8.41%) is above the historical average (8.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 8.91% | 49.21% | 0.02x | 7.98x | Nkr-5.54 Million |
| 2019 | 9.58% | 42.47% | 0.03x | 8.64x | Nkr-3.06 Million |
| 2020 | 4.88% | 28.36% | 0.02x | 8.21x | Nkr-60.84 Million |
| 2021 | 8.38% | 43.65% | 0.02x | 8.01x | Nkr-20.76 Million |
| 2022 | 8.03% | 39.45% | 0.03x | 8.09x | Nkr-27.03 Million |
| 2023 | 8.70% | 38.84% | 0.03x | 8.00x | Nkr-19.01 Million |
| 2024 | 9.08% | 39.26% | 0.03x | 7.80x | Nkr-14.25 Million |
| 2025 | 8.41% | 38.03% | 0.03x | 7.81x | Nkr-26.09 Million |
Industry Comparison
This section compares Sparebank 68 Grader Nord's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $8,387,959,161
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sparebank 68 Grader Nord (SB68) | Nkr1.64 Billion | 8.91% | 6.81x | $65.23 Million |
| Aasen Sparebank (AASB) | $439.20 Million | 9.23% | 7.84x | $24.75 Million |
| Aurskog Sparebank (AURG) | $422.45 Million | 13.01% | 15.92x | $125.01 Million |
| Bien Sparebank ASA (BIEN) | $694.19 Million | 8.04% | 6.36x | $96.23 Million |
| DnB ASA (DNB) | $75.98 Billion | 19.45% | 18.40x | $44.54 Billion |
| Grong Sparebank (GRONG) | $580.78 Million | 7.93% | 9.14x | $82.73 Million |
| Helgeland Sparebank (HELG) | $1.56 Billion | 6.34% | 10.77x | $453.81 Million |
| Holand og Setskog Sparebank (HSPG) | $658.62 Million | 8.51% | 8.62x | $11.33 Million |
| Instabank ASA (INSTA) | $282.67 Million | 0.81% | 6.47x | $184.90 Million |
| Jaeren Sparebank (JAREN) | $2.81 Billion | 10.94% | 6.46x | $175.99 Million |
| Kraft Bank Asa (KRAB) | $457.39 Million | 6.03% | 8.58x | $58.93 Million |
About Sparebank 68 Grader Nord
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 mob… Read more