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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies3
  • 7D3.4%
  • 3M29.0%
  • 1Y93.9%
  • YTD37.7%

In the last week, Metals and Mining has been flat. As for the the longer term, the industry is up 84% over the past 12 months. 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
Fri, 22 May 2026NOK 218.2bNOK 201.3bNOK 5.5b35.4x39.7x1.1x
Sun, 19 Apr 2026NOK 203.6bNOK 208.0bNOK 6.3b30.1x32.5x1x
Tue, 17 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Thu, 12 Feb 2026NOK 184.5bNOK 217.4bNOK 10.9b12.6x17x0.8x
Sat, 10 Jan 2026NOK 166.3bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Mon, 08 Dec 2025NOK 150.6bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Wed, 05 Nov 2025NOK 137.2bNOK 217.4bNOK 11.0b10x12.5x0.6x
Fri, 03 Oct 2025NOK 139.5bNOK 216.9bNOK 9.7b11.2x14.3x0.6x
Sun, 31 Aug 2025NOK 133.4bNOK 217.0bNOK 9.8b10x13.6x0.6x
Tue, 29 Jul 2025NOK 130.2bNOK 217.0bNOK 9.9b10.1x13.2x0.6x
Thu, 26 Jun 2025NOK 114.6bNOK 214.8bNOK 10.0b9x11.5x0.5x
Sat, 24 May 2025NOK 115.2bNOK 214.8bNOK 9.9b9.2x11.6x0.5x
Mon, 21 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Wed, 19 Mar 2025NOK 142.3bNOK 205.3bNOK 6.0b15.3x23.7x0.7x
Fri, 14 Feb 2025NOK 137.5bNOK 197.2bNOK 1.7b52x82.5x0.7x
Sun, 12 Jan 2025NOK 132.8bNOK 197.2bNOK 1.8b50.1x74.6x0.7x
Tue, 10 Dec 2024NOK 139.9bNOK 197.2bNOK 1.8b52.9x78.6x0.7x
Thu, 07 Nov 2024NOK 142.1bNOK 197.3bNOK 1.8b53.6x77.3x0.7x
Sat, 05 Oct 2024NOK 143.4bNOK 191.9bNOK 669.6m362.2x214.2x0.7x
Mon, 02 Sep 2024NOK 124.1bNOK 191.9bNOK 669.6m312.6x185.3x0.6x
Wed, 31 Jul 2024NOK 123.0bNOK 191.7bNOK 642.5m310.2x191.4x0.6x
Fri, 28 Jun 2024NOK 137.2bNOK 194.4bNOK 3.7b22.9x37x0.7x
Sun, 26 May 2024NOK 143.6bNOK 194.4bNOK 3.7b23.8x38.7x0.7x
Tue, 23 Apr 2024NOK 147.3bNOK 195.6bNOK 4.0b22.8x36.9x0.8x
Thu, 21 Mar 2024NOK 123.6bNOK 195.6bNOK 4.0b19.4x31x0.6x
Sat, 17 Feb 2024NOK 122.0bNOK 195.6bNOK 4.0b19.4x30.6x0.6x
Mon, 15 Jan 2024NOK 133.5bNOK 192.6bNOK 6.8b12.5x19.6x0.7x
Wed, 13 Dec 2023NOK 131.0bNOK 192.6bNOK 6.8b12.5x19.2x0.7x
Fri, 10 Nov 2023NOK 130.4bNOK 192.4bNOK 6.7b12.3x19.3x0.7x
Sun, 08 Oct 2023NOK 127.9bNOK 200.1bNOK 14.0b6.6x9.2x0.6x
Tue, 05 Sep 2023NOK 131.2bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Thu, 03 Aug 2023NOK 136.8bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Sat, 01 Jul 2023NOK 133.6bNOK 211.2bNOK 20.2b5.2x6.6x0.6x
Mon, 29 May 2023NOK 145.7bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Price to Earnings Ratio

5.9x


Total Market Cap: NOK 145.7bTotal Earnings: NOK 24.6bTotal Revenue: NOK 209.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 40.7x202420252026
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 39% 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 Market3.16%
Materials2.14%
Metals and Mining3.36%
Diversified Metals and Mining10.34%
Aluminum3.32%
Gold0%0
Steel0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.3x.
    • Analysts are expecting annual earnings growth of 20.6%, 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
NHY Norsk HydroNOK 110.353.3%
+NOK 7.0b		97.3%PE35.4x
NOM Nordic MiningNOK 10.4410.5%
+NOK 123.8m		-48.8%PS143.8x
AKOBO Akobo MineralsNOK 1.701.8%
+NOK 6.9m		123.7%PE-1.9x
GEM Green MineralsNOK 1.253.8%
+NOK 909.1k		-47.9%PB3.5x

Latest News

NHY
NOK 110.35
Norsk Hydro
7D
3.3%
1Y
97.3%
Narrative Update • May 16

NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating

Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.
NOM
NOK 10.44
Nordic Mining
7D
10.5%
1Y
-48.8%
AKOBO
NOK 1.70
Akobo Minerals
7D
1.8%
1Y
123.7%
GEM
NOK 1.25
Green Minerals
7D
3.8%
1Y
-47.9%