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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies3
  • 7D-7.3%
  • 3M16.2%
  • 1Y79.4%
  • YTD26.9%

Over the last 7 days, the Metals and Mining industry has dropped 7.3%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 79%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jun 2026NOK 201.1bNOK 201.3bNOK 5.5b32.7x36.6x1x
Tue, 19 May 2026NOK 210.0bNOK 201.3bNOK 5.5b34.1x38.2x1x
Thu, 16 Apr 2026NOK 213.7bNOK 208.0bNOK 6.3b31.6x34.1x1x
Sat, 14 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Mon, 09 Feb 2026NOK 178.9bNOK 217.4bNOK 10.9b12.3x16.4x0.8x
Wed, 07 Jan 2026NOK 169.7bNOK 217.4bNOK 11.0b11.8x15.4x0.8x
Fri, 05 Dec 2025NOK 150.5bNOK 217.4bNOK 11.0b10.5x13.7x0.7x
Sun, 02 Nov 2025NOK 139.6bNOK 217.4bNOK 11.0b10.2x12.7x0.6x
Tue, 30 Sep 2025NOK 138.7bNOK 216.9bNOK 9.7b11.2x14.3x0.6x
Thu, 28 Aug 2025NOK 134.2bNOK 217.0bNOK 9.8b10.1x13.7x0.6x
Sat, 26 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Mon, 23 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Wed, 21 May 2025NOK 118.5bNOK 214.8bNOK 9.9b9.4x12x0.6x
Fri, 18 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Sun, 16 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Tue, 11 Feb 2025NOK 138.2bNOK 197.2bNOK 1.8b52.3x77.6x0.7x
Thu, 09 Jan 2025NOK 129.6bNOK 197.2bNOK 1.8b49x72.8x0.7x
Sat, 07 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Mon, 04 Nov 2024NOK 143.3bNOK 197.3bNOK 1.8b53.9x78.7x0.7x
Wed, 02 Oct 2024NOK 142.5bNOK 191.9bNOK 669.6m359.9x212.8x0.7x
Fri, 30 Aug 2024NOK 123.0bNOK 191.9bNOK 669.6m309.9x183.6x0.6x
Sun, 28 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Tue, 25 Jun 2024NOK 138.4bNOK 194.4bNOK 3.7b23.1x37.3x0.7x
Thu, 23 May 2024NOK 143.7bNOK 194.4bNOK 3.7b23.9x38.7x0.7x
Sat, 20 Apr 2024NOK 148.2bNOK 195.6bNOK 4.0b22.9x37.1x0.8x
Mon, 18 Mar 2024NOK 121.0bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Wed, 14 Feb 2024NOK 120.5bNOK 192.6bNOK 6.9b11.6x17.6x0.6x
Fri, 12 Jan 2024NOK 136.7bNOK 192.6bNOK 6.8b12.7x20.1x0.7x
Sun, 10 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Tue, 07 Nov 2023NOK 133.5bNOK 192.4bNOK 6.7b12.5x19.8x0.7x
Thu, 05 Oct 2023NOK 138.0bNOK 200.1bNOK 14.0b6.7x9.9x0.7x
Sat, 02 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Mon, 31 Jul 2023NOK 136.7bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Wed, 28 Jun 2023NOK 132.6bNOK 211.2bNOK 20.2b5.1x6.6x0.6x
Price to Earnings Ratio

6.6x


Total Market Cap: NOK 132.6bTotal Earnings: NOK 20.2bTotal Revenue: NOK 211.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 41.6x202420252026
Current Industry PE
    There are only 3 companies in the Norwegian Metals and Mining industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 35% 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 Market-2.70%
Materials-5.47%
Metals and Mining-7.31%
Gold0%0
Steel0%0
Aluminum-7.24%
Diversified Metals and Mining-19.28%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.2x.
    • Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings decline of 36.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 21% 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
No data available

Latest News

NOM
NOK 7.34
Nordic Mining
7D
-19.6%
1Y
-68.0%
NHY
NOK 101.85
Norsk Hydro
7D
-7.2%
1Y
83.3%
Narrative Update • Jun 16

NHY: Mixed Rating Shifts And Dividend Plans Will Shape Future Risk Reward

Analysts have lifted the fair value estimate for Norsk Hydro to NOK 108.29 from NOK 104.18, broadly in line with recent Street price target increases into the NOK 110 to NOK 120 range and reflecting updated assumptions around discount rates, profit margins and forward P/E multiples. Analyst Commentary Recent Street research on Norsk Hydro points to a mixed but relatively balanced view, with several price targets in the NOK 110 to NOK 120 range and a cluster of Hold or Neutral ratings around the current valuation.
GEM
NOK 1.20
Green Minerals
7D
-4.8%
1Y
-48.3%
AKOBO
NOK 1.46
Akobo Minerals
7D
-3.0%
1Y
13.7%