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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies3
  • 7D-6.3%
  • 3M14.9%
  • 1Y93.4%
  • YTD38.1%

Over the last 7 days, the Metals and Mining industry has dropped 7.3%, driven by a pullback from Norsk Hydro of 6.3%. In contrast, Green Minerals has gained 7.6%. This takes the industry's 12 month performance to a gain of 89%. 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
Sat, 13 Jun 2026NOK 218.7bNOK 201.3bNOK 5.5b35.6x39.8x1.1x
Mon, 11 May 2026NOK 205.9bNOK 201.3bNOK 5.7b33.4x36.3x1x
Wed, 08 Apr 2026NOK 214.2bNOK 209.5bNOK 6.6b20.5x32.6x1x
Fri, 06 Mar 2026NOK 180.0bNOK 209.5bNOK 6.6b17.9x27.4x0.9x
Sun, 01 Feb 2026NOK 175.1bNOK 217.4bNOK 11.0b12.1x15.9x0.8x
Tue, 30 Dec 2025NOK 157.7bNOK 217.4bNOK 11.0b11.3x14.3x0.7x
Thu, 27 Nov 2025NOK 145.0bNOK 217.4bNOK 11.0b10.1x13.2x0.7x
Sat, 25 Oct 2025NOK 139.2bNOK 216.9bNOK 9.7b11x14.3x0.6x
Mon, 22 Sep 2025NOK 135.3bNOK 216.9bNOK 9.7b11x13.9x0.6x
Wed, 20 Aug 2025NOK 133.6bNOK 217.0bNOK 9.8b10.3x13.6x0.6x
Fri, 18 Jul 2025NOK 125.0bNOK 214.8bNOK 10.0b9.6x12.5x0.6x
Sun, 15 Jun 2025NOK 114.5bNOK 214.8bNOK 9.9b9.3x11.5x0.5x
Tue, 13 May 2025NOK 119.4bNOK 214.8bNOK 9.9b9.4x12.1x0.6x
Thu, 10 Apr 2025NOK 107.0bNOK 205.3bNOK 6.0b12.1x17.9x0.5x
Sat, 08 Mar 2025NOK 144.0bNOK 205.3bNOK 6.0b15.5x24x0.7x
Mon, 03 Feb 2025NOK 137.7bNOK 197.2bNOK 1.8b52.1x77.4x0.7x
Wed, 01 Jan 2025NOK 130.1bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Fri, 29 Nov 2024NOK 141.6bNOK 197.2bNOK 1.8b53.5x79.5x0.7x
Sun, 27 Oct 2024NOK 142.3bNOK 197.3bNOK 1.8b53.5x78.2x0.7x
Tue, 24 Sep 2024NOK 128.8bNOK 191.9bNOK 669.6m325.3x192.4x0.7x
Thu, 22 Aug 2024NOK 123.6bNOK 191.7bNOK 643.0m312.3x192.2x0.6x
Sat, 20 Jul 2024NOK 132.2bNOK 194.4bNOK 3.7b22x35.6x0.7x
Mon, 17 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.4x36.5x0.7x
Wed, 15 May 2024NOK 141.3bNOK 194.6bNOK 3.7b23.7x38.5x0.7x
Fri, 12 Apr 2024NOK 141.8bNOK 195.6bNOK 4.0b22.1x35.5x0.7x
Sun, 10 Mar 2024NOK 116.6bNOK 195.6bNOK 4.0b18.3x29.2x0.6x
Tue, 06 Feb 2024NOK 123.6bNOK 192.6bNOK 6.8b11.7x18.2x0.6x
Thu, 04 Jan 2024NOK 137.7bNOK 192.6bNOK 6.8b13x20.2x0.7x
Sat, 02 Dec 2023NOK 135.1bNOK 192.6bNOK 6.8b12.8x19.9x0.7x
Mon, 30 Oct 2023NOK 126.9bNOK 192.4bNOK 6.7b11.8x18.8x0.7x
Wed, 27 Sep 2023NOK 133.4bNOK 200.1bNOK 14.0b6.8x9.6x0.7x
Fri, 25 Aug 2023NOK 121.7bNOK 200.1bNOK 14.0b6.2x8.7x0.6x
Sun, 23 Jul 2023NOK 130.6bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Tue, 20 Jun 2023NOK 143.7bNOK 211.2bNOK 20.2b5.4x7.1x0.7x
Price to Earnings Ratio

7.1x


Total Market Cap: NOK 143.7bTotal Earnings: NOK 20.2bTotal Revenue: NOK 211.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 41.4x202420252026
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 35% 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 Market0.057%
Materials-5.40%
Metals and Mining-6.29%
Gold0%0
Steel0%0
Aluminum-6.27%
Diversified Metals and Mining-9.83%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.0x.
    • Analysts are expecting annual earnings growth of 21.3%, 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
No data available

Latest News

NHY
NOK 109.80
Norsk Hydro
7D
-5.4%
1Y
98.8%
Narrative Update • Jun 02

NHY: Future Aluminum Price Optimism Will Likely Outrun Earnings Delivery Risks

The analyst fair value estimate for Norsk Hydro has been revised from NOK 50.26 to NOK 69.52. Analysts cite a series of recent price target increases, upgrades and conviction list additions as they factor in updated expectations for revenue growth, profit margins and a higher future P/E multiple.
GEM
NOK 1.26
Green Minerals
7D
-2.7%
1Y
-44.5%
NOM
NOK 9.13
Nordic Mining
7D
-8.0%
1Y
-59.7%
AKOBO
NOK 1.50
Akobo Minerals
7D
-4.8%
1Y
76.5%