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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies5
  • 7D-4.3%
  • 3M-17.4%
  • 1Y35.3%
  • YTD12.9%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Gold Road International gained 5.6%. As for the the longer term, the industry is up 38% over the past 12 months. 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
Fri, 11 Sep 2026NOK 179.7bNOK 204.7bNOK 8.9b18.3x20.1x0.9x
Sun, 09 Aug 2026NOK 178.9bNOK 204.7bNOK 9.1b18.2x19.7x0.9x
Tue, 07 Jul 2026NOK 172.7bNOK 201.3bNOK 5.4b28x31.9x0.9x
Thu, 04 Jun 2026NOK 234.6bNOK 201.3bNOK 5.5b38.1x42.7x1.2x
Sat, 02 May 2026NOK 202.5bNOK 201.3bNOK 5.7b32.8x35.7x1x
Mon, 30 Mar 2026NOK 186.4bNOK 209.5bNOK 6.6b18.4x28.3x0.9x
Wed, 25 Feb 2026NOK 176.4bNOK 209.5bNOK 6.6b17.5x26.8x0.8x
Fri, 23 Jan 2026NOK 170.6bNOK 217.4bNOK 11.0b11.9x15.5x0.8x
Sun, 21 Dec 2025NOK 158.2bNOK 217.4bNOK 11.0b10.9x14.4x0.7x
Tue, 18 Nov 2025NOK 147.2bNOK 217.4bNOK 11.0b10.2x13.4x0.7x
Thu, 16 Oct 2025NOK 141.3bNOK 216.9bNOK 9.7b11.1x14.5x0.7x
Sat, 13 Sep 2025NOK 136.6bNOK 216.9bNOK 9.7b11.1x14x0.6x
Mon, 11 Aug 2025NOK 132.6bNOK 217.0bNOK 9.9b10.3x13.4x0.6x
Wed, 09 Jul 2025NOK 124.0bNOK 214.8bNOK 10.0b9.5x12.4x0.6x
Fri, 06 Jun 2025NOK 113.2bNOK 214.8bNOK 9.9b9.2x11.4x0.5x
Sun, 04 May 2025NOK 115.5bNOK 214.8bNOK 9.9b9.5x11.7x0.5x
Tue, 01 Apr 2025NOK 124.1bNOK 205.3bNOK 6.0b13.7x20.7x0.6x
Thu, 27 Feb 2025NOK 138.8bNOK 205.3bNOK 6.0b15x23.1x0.7x
Sat, 25 Jan 2025NOK 137.1bNOK 197.2bNOK 1.8b51.8x77x0.7x
Mon, 23 Dec 2024NOK 129.4bNOK 197.2bNOK 1.8b48.9x72.7x0.7x
Wed, 20 Nov 2024NOK 146.7bNOK 197.2bNOK 1.8b55.4x82.4x0.7x
Fri, 18 Oct 2024NOK 142.7bNOK 191.9bNOK 669.6m360.6x213.1x0.7x
Sun, 15 Sep 2024NOK 123.9bNOK 191.9bNOK 669.6m312.5x185x0.6x
Tue, 13 Aug 2024NOK 119.7bNOK 191.7bNOK 642.5m302.2x186.3x0.6x
Thu, 11 Jul 2024NOK 139.2bNOK 194.4bNOK 3.7b23.1x37.5x0.7x
Sat, 08 Jun 2024NOK 141.3bNOK 194.4bNOK 3.7b23.4x38.1x0.7x
Mon, 06 May 2024NOK 144.7bNOK 194.6bNOK 3.7b24.4x39.5x0.7x
Wed, 03 Apr 2024NOK 130.8bNOK 195.6bNOK 4.0b20.5x32.8x0.7x
Fri, 01 Mar 2024NOK 114.0bNOK 195.6bNOK 4.0b18x28.6x0.6x
Sun, 28 Jan 2024NOK 130.8bNOK 192.6bNOK 6.8b12.3x19.2x0.7x
Tue, 26 Dec 2023NOK 142.5bNOK 192.6bNOK 6.8b13.3x20.9x0.7x
Thu, 23 Nov 2023NOK 132.8bNOK 192.6bNOK 6.8b12.4x19.5x0.7x
Sat, 21 Oct 2023NOK 121.5bNOK 200.1bNOK 14.0b6.4x8.7x0.6x
Mon, 18 Sep 2023NOK 132.3bNOK 200.1bNOK 14.0b6.8x9.5x0.7x
Price to Earnings Ratio

9.5x


Total Market Cap: NOK 132.3bTotal 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 42.8x202420252026
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 20.5x which is lower than its 3-year average PE of 42.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
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 Market0.47%
Materials-2.22%
Metals and Mining-4.31%
Copper0%0
Gold0%0
Steel0%0
Aluminum-4.33%
Diversified Metals and Mining-4.57%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.2x.
    • 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
GOLDR Gold Road InternationalNOK 8.365.6%
+NOK 25.2m		n/aPS22.1x
AKOBO Akobo MineralsNOK 1.773.5%
+NOK 13.8m		-4.1%PS7.1x

Latest News

NHY
NOK 91.00
Norsk Hydro
7D
-4.3%
1Y
37.3%
NOM
NOK 1.97
Nordic Mining
7D
-2.0%
1Y
-88.3%
POLAR
NOK 4.26
Polar Resources
7D
-13.1%
1Y
n/a
AKOBO
NOK 1.77
Akobo Minerals
7D
3.5%
1Y
-4.1%
GEM
NOK 1.29
Green Minerals
7D
-6.5%
1Y
-44.4%