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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies4
  • 7D-5.6%
  • 3M20.0%
  • 1Y23.0%
  • YTD5.6%

Over the last 7 days, the Metals and Mining industry has dropped 5.6%, driven by Norsk Hydro declining 5.7%. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

Has the Norwegian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026NOK 170.2bNOK 209.6bNOK 6.6b16.7x25.8x0.8x
Fri, 16 Jan 2026NOK 172.7bNOK 217.4bNOK 11.0b12x15.7x0.8x
Sun, 14 Dec 2025NOK 154.4bNOK 217.4bNOK 11.0b10.7x14x0.7x
Tue, 11 Nov 2025NOK 145.6bNOK 217.4bNOK 11.0b10.5x13.3x0.7x
Thu, 09 Oct 2025NOK 141.4bNOK 216.9bNOK 9.7b11.2x14.5x0.7x
Sat, 06 Sep 2025NOK 136.5bNOK 217.0bNOK 9.8b10.1x13.9x0.6x
Mon, 04 Aug 2025NOK 127.0bNOK 217.0bNOK 9.9b9.9x12.8x0.6x
Wed, 02 Jul 2025NOK 119.1bNOK 214.8bNOK 10.0b9.3x11.9x0.6x
Fri, 30 May 2025NOK 116.1bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Sun, 27 Apr 2025NOK 116.7bNOK 205.3bNOK 6.0b13.3x19.5x0.6x
Tue, 25 Mar 2025NOK 136.8bNOK 205.3bNOK 6.0b14.8x22.8x0.7x
Thu, 20 Feb 2025NOK 135.7bNOK 205.3bNOK 6.0b14.9x22.6x0.7x
Sat, 18 Jan 2025NOK 141.1bNOK 197.2bNOK 1.8b53.4x79.2x0.7x
Mon, 16 Dec 2024NOK 135.0bNOK 197.2bNOK 1.8b51.1x75.8x0.7x
Wed, 13 Nov 2024NOK 135.7bNOK 197.3bNOK 1.8b51.2x74.2x0.7x
Fri, 11 Oct 2024NOK 141.7bNOK 191.9bNOK 669.6m358.1x211.6x0.7x
Sun, 08 Sep 2024NOK 115.9bNOK 191.9bNOK 669.6m292x173x0.6x
Tue, 06 Aug 2024NOK 115.4bNOK 191.7bNOK 642.5m291.2x179.7x0.6x
Thu, 04 Jul 2024NOK 140.4bNOK 194.4bNOK 3.7b23.4x37.9x0.7x
Sat, 01 Jun 2024NOK 147.9bNOK 194.4bNOK 3.7b24.5x39.9x0.8x
Mon, 29 Apr 2024NOK 145.8bNOK 194.6bNOK 3.7b24.6x39.8x0.7x
Wed, 27 Mar 2024NOK 125.6bNOK 195.6bNOK 4.0b19.8x31.5x0.6x
Fri, 23 Feb 2024NOK 118.7bNOK 195.6bNOK 4.0b18.6x29.8x0.6x
Sun, 21 Jan 2024NOK 124.3bNOK 192.6bNOK 6.8b11.8x18.3x0.6x
Tue, 19 Dec 2023NOK 138.9bNOK 192.6bNOK 6.8b13.3x20.4x0.7x
Thu, 16 Nov 2023NOK 134.6bNOK 192.4bNOK 6.7b12.9x20x0.7x
Sat, 14 Oct 2023NOK 128.4bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Mon, 11 Sep 2023NOK 123.5bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Wed, 09 Aug 2023NOK 132.6bNOK 200.1bNOK 14.1b6.6x9.4x0.7x
Fri, 07 Jul 2023NOK 131.2bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Sun, 04 Jun 2023NOK 146.1bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Tue, 02 May 2023NOK 163.4bNOK 209.4bNOK 24.7b6.6x6.6x0.8x
Thu, 30 Mar 2023NOK 158.2bNOK 209.4bNOK 24.7b6.1x6.4x0.8x
Sat, 25 Feb 2023NOK 155.0bNOK 209.4bNOK 24.8b4.8x6.3x0.7x
Price to Earnings Ratio

6.3x


Total Market Cap: NOK 155.0bTotal Earnings: NOK 24.8bTotal Revenue: NOK 209.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 38.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Metals and Mining 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 25.8x which is lower than its 3-year average PE of 38.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 36% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

NO Market0.32%
Materials-4.38%
Metals and Mining-5.56%
Gold0%0
Steel0%0
Diversified Metals and Mining-4.68%
Aluminum-5.65%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 79.4x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 16.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 12% 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
NOM Nordic MiningNOK 10.82-3.2%
NOK 38.8m		-53.7%PS283.5x

Latest News

RANA
NOK 77.90
Rana Gruber
7D
-0.1%
1Y
4.8%
NHY
NOK 82.02
Norsk Hydro
7D
-8.5%
1Y
24.5%
NOM
NOK 10.82
Nordic Mining
7D
-3.2%
1Y
-53.7%
GEM
NOK 1.23
Green Minerals
7D
-5.8%
1Y
-51.0%
AKOBO
NOK 2.17
Akobo Minerals
7D
-6.9%
1Y
8.5%