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Norwegian (OSEAX) Materials Sector Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies15
  • 7D1.1%
  • 3M10.4%
  • 1Y16.2%
  • YTD10.6%

Over the last 7 days, the Materials industry has risen 1.1%, driven by gains from Norsk Hydro of 5.0%. Meanwhile, Nordic Mining actually underperformed within the industry, shrinking 18% in the last week. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Norwegian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025NOK 288.0bNOK 425.1bNOK 18.5b19.6x15.6x0.7x
Sat, 12 Jul 2025NOK 282.5bNOK 416.7bNOK 15.9b20.9x17.8x0.7x
Mon, 09 Jun 2025NOK 258.6bNOK 416.8bNOK 15.9b19.1x16.3x0.6x
Wed, 07 May 2025NOK 250.8bNOK 419.1bNOK 16.0b14.9x15.7x0.6x
Fri, 04 Apr 2025NOK 241.8bNOK 406.8bNOK 8.4b15.1x28.8x0.6x
Sun, 02 Mar 2025NOK 271.0bNOK 420.2bNOK 8.4b15.5x32.2x0.6x
Tue, 28 Jan 2025NOK 272.7bNOK 431.2bNOK 9.3b17x29.4x0.6x
Thu, 26 Dec 2024NOK 256.2bNOK 432.2bNOK 9.3b18.2x27.5x0.6x
Sat, 23 Nov 2024NOK 278.8bNOK 428.6bNOK 9.1b18.3x30.7x0.7x
Mon, 21 Oct 2024NOK 284.5bNOK 424.9bNOK 4.2b19.9x68.3x0.7x
Wed, 18 Sep 2024NOK 260.2bNOK 419.1bNOK 4.4b19.3x59.6x0.6x
Fri, 16 Aug 2024NOK 250.9bNOK 420.9bNOK 4.5b18x56.3x0.6x
Sun, 14 Jul 2024NOK 274.1bNOK 427.8bNOK 4.3b12.3x63.4x0.6x
Tue, 11 Jun 2024NOK 274.5bNOK 427.3bNOK 3.3b11.1x83.1x0.6x
Thu, 09 May 2024NOK 272.1bNOK 432.4bNOK 3.3b12.4x81.7x0.6x
Sat, 06 Apr 2024NOK 284.6bNOK 441.9bNOK 6.2b22.9x46.2x0.6x
Mon, 04 Mar 2024NOK 254.6bNOK 438.2bNOK 6.1b21.3x41.5x0.6x
Wed, 31 Jan 2024NOK 269.9bNOK 457.3bNOK 16.1b11.2x16.8x0.6x
Fri, 29 Dec 2023NOK 288.1bNOK 452.5bNOK 15.9b10.6x18.1x0.6x
Sun, 26 Nov 2023NOK 278.3bNOK 462.8bNOK 16.2b9.3x17.1x0.6x
Tue, 24 Oct 2023NOK 256.4bNOK 480.6bNOK 27.3b8.4x9.4x0.5x
Thu, 21 Sep 2023NOK 289.3bNOK 498.5bNOK 31.2b9.3x9.3x0.6x
Sat, 19 Aug 2023NOK 276.2bNOK 497.1bNOK 31.2b8.9x8.9x0.6x
Mon, 17 Jul 2023NOK 288.8bNOK 523.5bNOK 49.5b5.9x5.8x0.6x
Wed, 14 Jun 2023NOK 306.3bNOK 535.9bNOK 56.0b5.4x5.5x0.6x
Fri, 12 May 2023NOK 311.1bNOK 536.4bNOK 55.9b5.4x5.6x0.6x
Sun, 09 Apr 2023NOK 337.7bNOK 551.6bNOK 67.0b6.1x5x0.6x
Tue, 07 Mar 2023NOK 361.1bNOK 548.1bNOK 66.2b6.4x5.5x0.7x
Thu, 02 Feb 2023NOK 349.1bNOK 535.8bNOK 65.5b5.5x5.3x0.7x
Sat, 31 Dec 2022NOK 329.0bNOK 530.2bNOK 65.1b5.5x5.1x0.6x
Mon, 28 Nov 2022NOK 337.4bNOK 531.8bNOK 65.2b5.9x5.2x0.6x
Wed, 26 Oct 2022NOK 316.1bNOK 523.6bNOK 58.8b5.3x5.4x0.6x
Fri, 23 Sep 2022NOK 291.5bNOK 506.1bNOK 52.6b4.9x5.5x0.6x
Sun, 21 Aug 2022NOK 319.7bNOK 492.2bNOK 51.8b5.5x6.2x0.6x
Price to Earnings Ratio

6.2x


Total Market Cap: NOK 319.7bTotal Earnings: NOK 51.8bTotal Revenue: NOK 492.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Materials Sector Price to Earnings3Y Average 25.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 25.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 29% per year over the last three years,
  • Revenues have also declined 4.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Norwegian Materials sector?

NO Market-0.16%
Materials1.09%
Metals and Mining3.88%
Paper and Forestry Products0.44%
Chemicals-1.06%
Packaging-3.00%
Basic Materials-3.81%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 0.73x.
    • Analysts are expecting annual earnings growth of 39.1% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 39% over the next 5 years.
  • In contrast, the Metals and Mining industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NHY Norsk HydroNOK 65.825.0%
+NOK 6.2b		14.7%PE13.6x
ELK ElkemNOK 25.604.7%
+NOK 722.7m		24.9%PE23.2x
BRG BorregaardNOK 204.503.1%
+NOK 608.3m		8.5%PE23x
YAR Yara InternationalNOK 375.300.6%
+NOK 560.4m		25.1%PE13.4x
BEWI BEWINOK 23.457.3%
+NOK 306.8m		-11.8%PS0.5x

Latest News

NOM
NOK 18.50
Nordic Mining
7D
-18.3%
1Y
-12.9%
AKOBO
NOK 1.59
Akobo Minerals
7D
58.5%
1Y
-24.5%
ELK
NOK 25.60
Elkem
7D
4.7%
1Y
24.9%
NHY
NOK 65.82
Norsk Hydro
7D
5.0%
1Y
14.7%

Why The 30% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention

Aug 08
Why The 30% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention
YAR
NOK 375.30
Yara International
7D
0.6%
1Y
25.1%

Is Yara International (OB:YAR) A Risky Investment?

Aug 07
Is Yara International (OB:YAR) A Risky Investment?
ABTEC
NOK 0.77
Aqua Bio Technology
7D
-2.5%
1Y
-79.2%

Positive Sentiment Still Eludes Aqua Bio Technology ASA (OB:ABTEC) Following 27% Share Price Slump

Aug 05
Positive Sentiment Still Eludes Aqua Bio Technology ASA (OB:ABTEC) Following 27% Share Price Slump
DSRT
NOK 4.79
Desert Control
7D
-6.1%
1Y
-30.1%
BRG
NOK 204.50
Borregaard
7D
3.1%
1Y
8.5%

Analysts Are Updating Their Borregaard ASA (OB:BRG) Estimates After Its Second-Quarter Results

Jul 19
Analysts Are Updating Their Borregaard ASA (OB:BRG) Estimates After Its Second-Quarter Results
BOR
NOK 20.00
Borgestad
7D
-1.0%
1Y
39.8%

Cautious Investors Not Rewarding Borgestad ASA's (OB:BOR) Performance Completely

Jul 16
Cautious Investors Not Rewarding Borgestad ASA's (OB:BOR) Performance Completely
TEKNA
NOK 4.80
Tekna Holding
7D
-1.8%
1Y
-22.3%

Is Tekna Holding (OB:TEKNA) Using Too Much Debt?

Jul 09
Is Tekna Holding (OB:TEKNA) Using Too Much Debt?
GEM
NOK 2.50
Green Minerals
7D
-6.4%
1Y
-61.7%
ELO
NOK 49.40
Elopak
7D
-1.0%
1Y
22.1%

Returns At Elopak (OB:ELO) Are On The Way Up

Jun 01
Returns At Elopak (OB:ELO) Are On The Way Up
BEWI
NOK 23.45
BEWI
7D
7.3%
1Y
-11.8%

Analysts Just Slashed Their BEWI ASA (OB:BEWI) Earnings Forecasts

May 30
Analysts Just Slashed Their BEWI ASA (OB:BEWI) Earnings Forecasts
MVW
NOK 8.86
M Vest Water
7D
10.5%
1Y
-19.5%
RANA
NOK 72.60
Rana Gruber
7D
1.1%
1Y
3.4%

Why Rana Gruber's (OB:RANA) Shaky Earnings Are Just The Beginning Of Its Problems

Mar 29
Why Rana Gruber's (OB:RANA) Shaky Earnings Are Just The Beginning Of Its Problems
BCS
NOK 4.20
Bergen Carbon Solutions
7D
-13.2%
1Y
-41.4%