Home Compare SB1NO.OL vs TBCG.L
Stock Comparison · Industry comparison · Banks - Regional

SpareBank 1 Sør-Norge A vs TBC Bank Group: Which Stock Looks Stronger in 2026?

SpareBank 1 Sør-Norge ASA holds the cleaner structural position, with the lead spread across profitability and stability. TBC Bank still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Most of the lead runs through profitability, while stability helps make the separation broader. The overall score gap is 27 points in favour of SpareBank 1 Sør-Norge ASA.

INDUSTRY COMPARISON

Both operate in: Banks - Regional

This comparison is based on industry proximity, not on functional trajectory similarity. SB1NO.OL and TBCG.L share the same industry classification.

For a similarity-based comparison, see how SpareBank 1 Sør-Norge ASA and TBC Bank each position within their functional peer groups in AssetNext.

Peer-Relative Score
SB1NO.OL
SpareBank 1 Sør-Norge ASA
77
Peer-Score
Signal qualityMedium
vs
TBCG.L
TBC Bank Group PLC
50
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: SB1NO.OL vs TBCG.L Profitability 89 4 Stability 87 53 Valuation 72 86 Growth 56 61 SB1NO.OL TBCG.L
Gap Ranking
#1 Profitability +85
#2 Stability +34
#3 Valuation +14
#4 Growth +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SB1NO.OL and TBCG.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SB1NO.OLTBCG.L Relative valuation Structural strength

SpareBank 1 Sør-Norge ASA is stronger, but the price setup still looks more supportive for TBC Bank Group PLC.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
SpareBank 1 Sør-Norge ASA ranks near the top of the group on profitability; TBC Bank Group PLC sits in the weaker half.
Stability
On stability, the edge is clear — both rank well, but SpareBank 1 Sør-Norge ASA sits noticeably higher.
Profitability — Dominant Gap
SB1NO.OL
89
TBCG.L
4
Gap+85in favour of SB1NO.OL

The profitability lead is mainly driven by a 64-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for TBC Bank, with a forward P/E that is 9.6 turns lower there.

What this means for the comparison

The lead is built on both profitability and stability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the SB1NO.OL vs TBCG.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how SB1NO.OL and TBCG.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.