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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies5
  • 7D2.0%
  • 3M-18.8%
  • 1Y39.2%
  • YTD15.1%

Over the last 7 days, the Metals and Mining industry has risen 3.6%, driven by gains from Norsk Hydro of 2.0%. In the same time, Nordic Mining was down 16%. In the last 12 months, the industry was up 38%. Earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026NOK 183.1bNOK 204.7bNOK 8.9b18.7x20.5x0.9x
Sat, 25 Jul 2026NOK 170.6bNOK 204.7bNOK 9.1b17.3x18.8x0.8x
Mon, 22 Jun 2026NOK 201.1bNOK 201.3bNOK 5.5b32.7x36.6x1x
Wed, 20 May 2026NOK 206.4bNOK 201.3bNOK 5.5b33.5x37.5x1x
Fri, 17 Apr 2026NOK 214.9bNOK 208.0bNOK 6.3b31.8x34.3x1x
Sun, 15 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Tue, 10 Feb 2026NOK 181.4bNOK 217.4bNOK 10.9b12.4x16.7x0.8x
Thu, 08 Jan 2026NOK 166.2bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Sat, 06 Dec 2025NOK 150.6bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Mon, 03 Nov 2025NOK 139.6bNOK 217.4bNOK 11.0b10.2x12.7x0.6x
Wed, 01 Oct 2025NOK 137.9bNOK 216.9bNOK 9.7b11.1x14.2x0.6x
Fri, 29 Aug 2025NOK 134.8bNOK 217.0bNOK 9.8b10.2x13.7x0.6x
Sun, 27 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Tue, 24 Jun 2025NOK 114.3bNOK 214.8bNOK 9.9b9.2x11.5x0.5x
Thu, 22 May 2025NOK 118.4bNOK 214.8bNOK 9.9b9.4x12x0.6x
Sat, 19 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Mon, 17 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Wed, 12 Feb 2025NOK 135.2bNOK 197.2bNOK 1.8b51.2x75.9x0.7x
Fri, 10 Jan 2025NOK 133.2bNOK 197.2bNOK 1.8b50.4x74.8x0.7x
Sun, 08 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Tue, 05 Nov 2024NOK 144.3bNOK 197.3bNOK 1.8b54.3x79.3x0.7x
Thu, 03 Oct 2024NOK 142.5bNOK 191.9bNOK 669.6m359.9x212.8x0.7x
Sat, 31 Aug 2024NOK 124.1bNOK 191.9bNOK 669.6m312.6x185.3x0.6x
Mon, 29 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Wed, 26 Jun 2024NOK 135.1bNOK 194.4bNOK 3.7b22.6x36.4x0.7x
Fri, 24 May 2024NOK 143.0bNOK 194.4bNOK 3.7b23.8x38.5x0.7x
Sun, 21 Apr 2024NOK 147.3bNOK 195.6bNOK 4.0b22.8x36.9x0.8x
Tue, 19 Mar 2024NOK 121.4bNOK 195.6bNOK 4.0b19x30.4x0.6x
Thu, 15 Feb 2024NOK 117.7bNOK 192.6bNOK 6.9b11.4x17.1x0.6x
Sat, 13 Jan 2024NOK 133.5bNOK 192.6bNOK 6.8b12.5x19.6x0.7x
Mon, 11 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Wed, 08 Nov 2023NOK 129.3bNOK 192.4bNOK 6.7b12.1x19.2x0.7x
Fri, 06 Oct 2023NOK 129.9bNOK 200.1bNOK 14.0b6.7x9.3x0.6x
Sun, 03 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Price to Earnings Ratio

9.2x


Total Market Cap: NOK 128.9bTotal Earnings: NOK 14.0bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.7x202420252026
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 20.7x which is lower than its 3-year average PE of 42.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 14% 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 Market0.33%
Materials2.41%
Metals and Mining2.01%
Aluminum2.05%
Copper0%0
Gold0%0
Steel0%0
Diversified Metals and Mining-11.74%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.1x.
    • Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings growth of 1.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 1.8% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 9.5% 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 92.762.0%
+NOK 3.7b		41.4%PE18.7x
GOLDR Gold Road InternationalNOK 7.920.5%
+NOK 2.3m		n/aPS20.8x
GEM Green MineralsNOK 1.386.2%
+NOK 1.6m		-35.8%PB5.4x
AKOBO Akobo MineralsNOK 1.600.3%
+NOK 1.1m		-3.3%PS6.3x

Latest News

NOM
NOK 1.79
Nordic Mining
7D
-16.4%
1Y
-90.0%
NHY
NOK 92.76
Norsk Hydro
7D
2.0%
1Y
41.4%
POLAR
NOK 4.95
Polar Resources
7D
-1.0%
1Y
n/a
AKOBO
NOK 1.60
Akobo Minerals
7D
0.3%
1Y
-3.3%
GEM
NOK 1.38
Green Minerals
7D
6.2%
1Y
-35.8%