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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies4
  • 7D1.1%
  • 3M22.0%
  • 1Y84.7%
  • YTD27.8%

Over the last 7 days, the Metals and Mining industry has risen 11%, driven by gains from Norsk Hydro of 11%. This takes the industry's 12 month performance to a gain of 86%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026NOK 206.1bNOK 209.5bNOK 6.6b19.8x31.3x1x
Wed, 04 Mar 2026NOK 176.3bNOK 209.5bNOK 6.6b17.6x26.8x0.8x
Fri, 30 Jan 2026NOK 179.9bNOK 217.4bNOK 11.0b12.4x16.3x0.8x
Sun, 28 Dec 2025NOK 158.9bNOK 217.4bNOK 11.0b11.3x14.4x0.7x
Tue, 25 Nov 2025NOK 146.2bNOK 217.4bNOK 11.0b10.1x13.3x0.7x
Thu, 23 Oct 2025NOK 142.8bNOK 216.9bNOK 9.7b11.1x14.7x0.7x
Sat, 20 Sep 2025NOK 135.3bNOK 216.9bNOK 9.7b11x13.9x0.6x
Mon, 18 Aug 2025NOK 134.7bNOK 217.0bNOK 9.9b10.4x13.6x0.6x
Wed, 16 Jul 2025NOK 125.4bNOK 214.8bNOK 10.0b9.6x12.6x0.6x
Fri, 13 Jun 2025NOK 116.2bNOK 214.8bNOK 9.9b9.4x11.7x0.5x
Sun, 11 May 2025NOK 117.7bNOK 214.8bNOK 9.9b9.4x11.9x0.5x
Tue, 08 Apr 2025NOK 112.1bNOK 205.3bNOK 6.0b12.5x18.7x0.5x
Thu, 06 Mar 2025NOK 137.2bNOK 205.3bNOK 6.0b14.9x22.9x0.7x
Sat, 01 Feb 2025NOK 137.7bNOK 197.2bNOK 1.8b52.1x77.4x0.7x
Mon, 30 Dec 2024NOK 130.3bNOK 197.2bNOK 1.8b49.2x73.2x0.7x
Wed, 27 Nov 2024NOK 147.1bNOK 197.2bNOK 1.8b55.5x82.6x0.7x
Fri, 25 Oct 2024NOK 140.6bNOK 191.9bNOK 669.6m355.2x210x0.7x
Sun, 22 Sep 2024NOK 128.8bNOK 191.9bNOK 669.6m325.3x192.4x0.7x
Tue, 20 Aug 2024NOK 123.5bNOK 191.7bNOK 643.0m312x192x0.6x
Thu, 18 Jul 2024NOK 136.5bNOK 194.4bNOK 3.7b22.7x36.8x0.7x
Sat, 15 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.4x36.5x0.7x
Mon, 13 May 2024NOK 139.3bNOK 194.6bNOK 3.7b23.7x37.9x0.7x
Wed, 10 Apr 2024NOK 142.7bNOK 195.6bNOK 4.0b22.2x35.8x0.7x
Fri, 08 Mar 2024NOK 116.6bNOK 195.6bNOK 4.0b18.3x29.2x0.6x
Sun, 04 Feb 2024NOK 127.4bNOK 192.6bNOK 6.8b12.1x18.7x0.7x
Tue, 02 Jan 2024NOK 142.8bNOK 192.6bNOK 6.8b13.4x21x0.7x
Thu, 30 Nov 2023NOK 132.1bNOK 192.6bNOK 6.8b12.5x19.4x0.7x
Sat, 28 Oct 2023NOK 126.9bNOK 192.4bNOK 6.7b11.8x18.8x0.7x
Mon, 25 Sep 2023NOK 131.3bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Wed, 23 Aug 2023NOK 125.2bNOK 200.1bNOK 14.0b6.4x8.9x0.6x
Fri, 21 Jul 2023NOK 131.7bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Sun, 18 Jun 2023NOK 150.6bNOK 211.2bNOK 20.2b5.6x7.5x0.7x
Tue, 16 May 2023NOK 144.7bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Thu, 13 Apr 2023NOK 164.6bNOK 209.4bNOK 24.7b6.2x6.7x0.8x
Price to Earnings Ratio

6.7x


Total Market Cap: NOK 164.6bTotal Earnings: NOK 24.7bTotal Revenue: NOK 209.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 39.5x202420252026
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 31.3x which is lower than its 3-year average PE of 39.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
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 Market0.85%
Materials2.26%
Metals and Mining1.13%
Diversified Metals and Mining2.60%
Aluminum1.13%
Gold0%0
Steel-0.13%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 80.3x.
    • Analysts are expecting annual earnings growth of 19.5%, 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 20% 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 15% 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 102.601.1%
+NOK 2.3b		88.6%PE30x
NOM Nordic MiningNOK 11.962.6%
+NOK 37.5m		-34.1%PS313.4x
AKOBO Akobo MineralsNOK 1.633.8%
+NOK 13.8m		-0.6%PE-1.8x
GEM Green MineralsNOK 1.503.8%
+NOK 1.1m		-44.9%PB4.2x

Latest News

NHY
NOK 102.60
Norsk Hydro
7D
1.1%
1Y
88.6%

NHY: Extrusion Restructuring And Dividend Will Support Higher Future Earnings Multiples

Norsk Hydro's updated fair value estimate moves to NOK 120 from NOK 110, as analysts factor in slightly higher assumed revenue growth, modestly stronger profit margins, a lower discount rate, and a higher future P/E multiple, supported by a recent series of price target increases and rating upgrades across the Street. Analyst Commentary Recent research on Norsk Hydro shows a mixed set of opinions, but there has been a clear cluster of more constructive views alongside the latest fair value update.
RANA
NOK 78.30
Rana Gruber
7D
-0.1%
1Y
22.9%
NOM
NOK 11.96
Nordic Mining
7D
2.6%
1Y
-34.1%
GEM
NOK 1.50
Green Minerals
7D
3.8%
1Y
-44.9%
AKOBO
NOK 1.63
Akobo Minerals
7D
3.8%
1Y
-0.6%