 Entire function algebra admits no complete algebra norm

The displayed formula is a submultiplicative norm on the algebra of entire functions: definiteness follows from the identity theorem. No submultiplicative norm on the whole algebra can be complete. The coordinate function $Z(z)=z$ has every complex number in its algebraic spectrum of an element, because $Z-\lambda$ vanishes somewhere and has no entire inverse. This contradicts compactness of spectra in a Banach algebra.