Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies4
  • 7D1.5%
  • 3M-18.8%
  • 1Y32.4%
  • YTD7.3%

In the last week, the Metals and Mining industry is up 1.5%, with Norsk Hydro up 1.4%. This means that the industry has gained 32% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026NOK 170.6bNOK 204.7bNOK 9.1b17.3x18.8x0.8x
Tue, 23 Jun 2026NOK 192.8bNOK 201.3bNOK 5.5b31.4x35.1x1x
Thu, 21 May 2026NOK 211.9bNOK 201.3bNOK 5.5b34.4x38.5x1.1x
Sat, 18 Apr 2026NOK 203.6bNOK 208.0bNOK 6.3b30.1x32.5x1x
Mon, 16 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Wed, 11 Feb 2026NOK 181.6bNOK 217.4bNOK 10.9b12.4x16.7x0.8x
Fri, 09 Jan 2026NOK 163.3bNOK 217.4bNOK 11.0b11.5x14.8x0.8x
Sun, 07 Dec 2025NOK 150.6bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Tue, 04 Nov 2025NOK 139.2bNOK 217.4bNOK 11.0b10.1x12.7x0.6x
Thu, 02 Oct 2025NOK 140.2bNOK 216.9bNOK 9.7b11.3x14.4x0.6x
Sat, 30 Aug 2025NOK 133.4bNOK 217.0bNOK 9.8b10x13.6x0.6x
Mon, 28 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Wed, 25 Jun 2025NOK 114.7bNOK 214.8bNOK 10.0b9.2x11.5x0.5x
Fri, 23 May 2025NOK 115.5bNOK 214.8bNOK 9.9b9.2x11.6x0.5x
Sun, 20 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Tue, 18 Mar 2025NOK 141.0bNOK 205.3bNOK 6.0b15.2x23.5x0.7x
Thu, 13 Feb 2025NOK 135.2bNOK 197.2bNOK 1.7b51.2x81.1x0.7x
Sat, 11 Jan 2025NOK 132.9bNOK 197.2bNOK 1.8b50.2x74.6x0.7x
Mon, 09 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Wed, 06 Nov 2024NOK 145.6bNOK 197.3bNOK 1.8b54.8x79.2x0.7x
Fri, 04 Oct 2024NOK 140.3bNOK 191.9bNOK 669.6m353.9x209.4x0.7x
Sun, 01 Sep 2024NOK 124.1bNOK 191.9bNOK 669.6m312.6x185.3x0.6x
Tue, 30 Jul 2024NOK 124.9bNOK 191.7bNOK 642.5m315.3x194.4x0.7x
Thu, 27 Jun 2024NOK 136.4bNOK 194.4bNOK 3.7b22.8x36.8x0.7x
Sat, 25 May 2024NOK 143.6bNOK 194.4bNOK 3.7b23.8x38.7x0.7x
Mon, 22 Apr 2024NOK 147.3bNOK 195.6bNOK 4.0b22.8x36.9x0.8x
Wed, 20 Mar 2024NOK 121.3bNOK 195.6bNOK 4.0b19.1x30.4x0.6x
Fri, 16 Feb 2024NOK 117.3bNOK 200.0bNOK 4.1b18.3x28.8x0.6x
Sun, 14 Jan 2024NOK 133.5bNOK 192.6bNOK 6.8b12.5x19.6x0.7x
Tue, 12 Dec 2023NOK 128.9bNOK 192.6bNOK 6.8b12.3x18.9x0.7x
Thu, 09 Nov 2023NOK 130.7bNOK 192.4bNOK 6.7b12.3x19.4x0.7x
Sat, 07 Oct 2023NOK 127.9bNOK 200.1bNOK 14.0b6.6x9.2x0.6x
Mon, 04 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Wed, 02 Aug 2023NOK 139.0bNOK 200.1bNOK 14.1b6.9x9.9x0.7x
Price to Earnings Ratio

9.9x


Total Market Cap: NOK 139.0bTotal Earnings: NOK 14.1bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.4x202420252026
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 18.8x which is lower than its 3-year average PE of 42.4x.
  • 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 Market3.10%
Materials1.17%
Metals and Mining1.50%
Diversified Metals and Mining26.18%
Aluminum1.39%
Copper0%0
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 82.8x.
    • Analysts are expecting annual earnings growth of 10.5%, 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 11% 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 11% 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 86.141.4%
+NOK 2.3b		35.0%PE17.3x
NOM Nordic MiningNOK 5.8926.7%
+NOK 155.1m		-74.9%PS81.1x
GOLDR Gold Road InternationalNOK 8.928.2%
+NOK 38.9m		n/aPS22.8x
GEM Green MineralsNOK 1.1412.4%
+NOK 2.5m		-54.8%PB3.2x

Latest News

NHY
NOK 86.14
Norsk Hydro
7D
1.4%
1Y
35.0%
Analysis Article • Jul 25

Norsk Hydro ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

As you might know, Norsk Hydro ASA ( OB:NHY ) recently reported its second-quarter numbers. Revenues were kr56b...
AKOBO
NOK 1.51
Akobo Minerals
7D
-4.1%
1Y
63.9%
NOM
NOK 5.89
Nordic Mining
7D
26.7%
1Y
-74.9%
GEM
NOK 1.14
Green Minerals
7D
12.4%
1Y
-54.8%