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

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.

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

Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.0x. Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings decline of 36.8% per year.

Norwegian (OSEAX) Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 07 May 2026	NOK 211.3b	NOK 201.3b	NOK 5.7b	34.3x	37.2x	1x
Sat, 04 Apr 2026	NOK 206.1b	NOK 209.5b	NOK 6.6b	19.8x	31.3x	1x
Mon, 02 Mar 2026	NOK 177.5b	NOK 209.5b	NOK 6.6b	17.7x	27x	0.8x
Wed, 28 Jan 2026	NOK 174.9b	NOK 217.4b	NOK 11.0b	12.1x	15.9x	0.8x
Fri, 26 Dec 2025	NOK 158.9b	NOK 217.4b	NOK 11.0b	11.3x	14.4x	0.7x
Sun, 23 Nov 2025	NOK 143.6b	NOK 217.4b	NOK 11.0b	10x	13x	0.7x
Tue, 21 Oct 2025	NOK 142.3b	NOK 216.9b	NOK 9.7b	11.2x	14.6x	0.7x
Thu, 18 Sep 2025	NOK 136.2b	NOK 216.9b	NOK 9.7b	11x	14x	0.6x
Sat, 16 Aug 2025	NOK 134.7b	NOK 217.0b	NOK 9.9b	10.4x	13.6x	0.6x
Mon, 14 Jul 2025	NOK 126.4b	NOK 214.8b	NOK 10.0b	9.7x	12.7x	0.6x
Wed, 11 Jun 2025	NOK 115.2b	NOK 214.8b	NOK 9.9b	9.3x	11.6x	0.5x
Fri, 09 May 2025	NOK 115.6b	NOK 214.8b	NOK 9.9b	9.3x	11.7x	0.5x
Sun, 06 Apr 2025	NOK 111.0b	NOK 205.3b	NOK 6.0b	12.4x	18.5x	0.5x
Tue, 04 Mar 2025	NOK 138.2b	NOK 205.3b	NOK 6.0b	15.1x	23x	0.7x
Thu, 30 Jan 2025	NOK 136.5b	NOK 197.2b	NOK 1.8b	51.6x	76.6x	0.7x
Sat, 28 Dec 2024	NOK 130.3b	NOK 197.2b	NOK 1.8b	49.2x	73.2x	0.7x
Mon, 25 Nov 2024	NOK 147.8b	NOK 197.2b	NOK 1.8b	55.8x	83x	0.7x
Wed, 23 Oct 2024	NOK 141.9b	NOK 191.9b	NOK 669.6m	358.5x	211.9x	0.7x
Fri, 20 Sep 2024	NOK 130.6b	NOK 191.9b	NOK 669.6m	329.7x	195x	0.7x
Sun, 18 Aug 2024	NOK 120.9b	NOK 191.7b	NOK 643.0m	305.2x	188x	0.6x
Tue, 16 Jul 2024	NOK 138.2b	NOK 194.4b	NOK 3.7b	23x	37.3x	0.7x
Thu, 13 Jun 2024	NOK 138.8b	NOK 194.4b	NOK 3.7b	23.2x	37.4x	0.7x
Sat, 11 May 2024	NOK 139.3b	NOK 194.6b	NOK 3.7b	23.7x	37.9x	0.7x
Mon, 08 Apr 2024	NOK 139.5b	NOK 195.6b	NOK 4.0b	21.7x	35x	0.7x
Wed, 06 Mar 2024	NOK 112.2b	NOK 195.6b	NOK 4.0b	17.7x	28.1x	0.6x
Fri, 02 Feb 2024	NOK 129.2b	NOK 192.6b	NOK 6.8b	12.2x	19x	0.7x
Sun, 31 Dec 2023	NOK 142.8b	NOK 192.6b	NOK 6.8b	13.4x	21x	0.7x
Tue, 28 Nov 2023	NOK 135.9b	NOK 192.6b	NOK 6.8b	12.8x	20x	0.7x
Thu, 26 Oct 2023	NOK 125.4b	NOK 200.1b	NOK 14.0b	6.6x	9x	0.6x
Sat, 23 Sep 2023	NOK 131.3b	NOK 200.1b	NOK 14.0b	6.8x	9.4x	0.7x
Mon, 21 Aug 2023	NOK 124.4b	NOK 200.1b	NOK 14.0b	6.3x	8.9x	0.6x
Wed, 19 Jul 2023	NOK 132.4b	NOK 211.2b	NOK 20.2b	5.1x	6.6x	0.6x
Fri, 16 Jun 2023	NOK 150.8b	NOK 209.3b	NOK 24.6b	4.9x	6.1x	0.7x
Sun, 14 May 2023	NOK 143.9b	NOK 209.3b	NOK 24.6b	4.8x	5.9x	0.7x


NO Market	-0.40%
Materials	1.56%
Metals and Mining	3.15%
Aluminum	3.19%
Gold	0%	0
Steel	0%	0
Diversified Metals and Mining	-2.38%

	Company	Last Price	7D	1Y	Valuation
	NHY Norsk Hydro	NOK 106.75	3.2% +NOK 6.5b	93.2%	PE34.3x
	AKOBO Akobo Minerals	NOK 1.68	10.9% +NOK 37.9m	111.1%	PE-1.9x

Announcement • Apr 09

Nordic Mining ASA Advances the Nordic Quartz Project At Kvinnherad into Its Next Development Phase

Nordic Mining ASA is advancing the Nordic Quartz project at Kvinnherad into its next development phase. Key milestones have now been achieved, including establishment of a dedicated project team and enhancement of the landowner agreement, ensuring long-term stability. The Company is preparing to initiate necessary regulatory processes, engage with potential customers and partners for product validation, and plan a qualified drilling programme to update the mineral resource estimate in accordance with international reporting standards. Together, these developments strengthen the project's foundation and support the Company's plans for further progression. The Kvinnherad quartz deposit, held through the wholly owned subsidiary Nordic Quartz AS, has long been a promising asset in Nordic Mining's portfolio. Recent pilot testing has demonstrated that the deposit can be processed to exceptionally high-purity levels, reinforcing its potential as a future source of a high-value industrial mineral. Nordic Mining is currently initiating dialogue with several potential partners and customers to validate product quality and suitability for industrial applications, such as crucibles, silicon metal and specialized glassware for the semiconductor and solar PV manufacturing value chains. Nordic Mining sees this phase as an important step toward de-risking the project and welcomes interest from parties seeking long-term, high-quality quartz supply or collaboration opportunities in high-value end markets. In collaboration with Dorfner Anzaplan GmbH, Nordic Mining has carried out metallurgic testing and pilot-scale production to support the upcoming product qualification with potential customers. In total, 800 kilograms of processed sample material has been produced from raw quartz feedstock from the Kvinnherad deposit. The material underwent a full industrial processing route, including magnetic separation, acid treatment, and hot chlorination, to replicate the conditions of a finished product. The tests generated high-purity quartz (HPQ) with very low impurity levels, demonstrating that the Kvinnherad quartz deposit is among the most suitable quartz resources globally to produce high-end HPQ. HPQ is a critical raw material used in semiconductors, fiber optics, and solar-grade applications, where high chemical purity and thermal stability are essential. Demand for HPQ continues to rise, driven amongst others by rapid growth in semiconductor manufacturing linked to AI development and data-center expansion. As a key input in chip production, HPQ plays an increasingly strategic role in global technology supply chains. The Company has also strengthened its landowner agreement at Kvinnherad, enhancing prospects for long-term planning and stability for the operations, and securing land access and use rights throughout the life of mine. Nordic Mining has the flexibility to advance the project in line with its overall project strategy. While no material investments have been made to date, the progression and pace of further development will be aligned with the Company's overall funding situation and capital allocation plans. Nordic Mining expects less than NOK 20 million in costs for the project during 2026. Although the Kvinnherad Quartz project represents a highly attractive opportunity, Nordic Mining's primary focus remains the continued ramp-up of the Engebø Rutile and Garnet operation toward design capacity by year-end 2026. Progress at Engebø is well underway and remains the Company's top operational priority. The Kvinnherad Quartz project will advance in parallel without drawing resources from Engebø, while at the same time offering additional value-creation potential for the Company.

Norwegian (OSEAX) Metals and Mining Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

NHY: Mixed Ratings And Restructuring Actions Will Shape Future Risk Reward Balance

Akobo Minerals AB Provides Operational Update on Segele Mine

Nordic Mining ASA Advances the Nordic Quartz Project At Kvinnherad into Its Next Development Phase

Green Minerals AS, Annual General Meeting, May 22, 2026