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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies4
  • 7D1.8%
  • 3M8.3%
  • 1Y-0.6%
  • YTD7.5%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Akobo Minerals declined by 6.1%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025NOK 142.1bNOK 217.4bNOK 11.0b10.3x12.9x0.7x
Tue, 07 Oct 2025NOK 142.1bNOK 216.9bNOK 9.7b11.4x14.6x0.7x
Thu, 04 Sep 2025NOK 134.0bNOK 217.0bNOK 9.8b10x13.7x0.6x
Sat, 02 Aug 2025NOK 127.0bNOK 217.0bNOK 9.9b9.9x12.8x0.6x
Mon, 30 Jun 2025NOK 119.1bNOK 214.8bNOK 10.0b9.3x11.9x0.6x
Wed, 28 May 2025NOK 117.3bNOK 214.8bNOK 9.9b9.3x11.8x0.5x
Fri, 25 Apr 2025NOK 114.6bNOK 205.3bNOK 6.0b13x19.1x0.6x
Sun, 23 Mar 2025NOK 135.6bNOK 205.3bNOK 6.0b14.7x22.6x0.7x
Tue, 18 Feb 2025NOK 138.9bNOK 205.3bNOK 6.0b15.2x23.2x0.7x
Thu, 16 Jan 2025NOK 137.8bNOK 197.2bNOK 1.8b52x77.4x0.7x
Sat, 14 Dec 2024NOK 135.0bNOK 197.2bNOK 1.8b51.1x75.8x0.7x
Mon, 11 Nov 2024NOK 143.8bNOK 197.3bNOK 1.8b54.2x78.6x0.7x
Wed, 09 Oct 2024NOK 137.5bNOK 191.9bNOK 669.6m347.1x205.4x0.7x
Fri, 06 Sep 2024NOK 118.0bNOK 191.9bNOK 669.6m297.7x176.3x0.6x
Sun, 04 Aug 2024NOK 120.0bNOK 191.7bNOK 642.5m302.4x186.8x0.6x
Tue, 02 Jul 2024NOK 138.8bNOK 194.4bNOK 3.7b23.1x37.4x0.7x
Thu, 30 May 2024NOK 144.9bNOK 194.4bNOK 3.7b24.1x39.1x0.7x
Sat, 27 Apr 2024NOK 145.8bNOK 194.6bNOK 3.7b24.6x39.8x0.7x
Mon, 25 Mar 2024NOK 127.1bNOK 195.6bNOK 4.0b19.9x31.8x0.6x
Wed, 21 Feb 2024NOK 118.2bNOK 195.6bNOK 4.0b18.6x29.6x0.6x
Fri, 19 Jan 2024NOK 125.8bNOK 192.6bNOK 6.8b11.9x18.5x0.7x
Sun, 17 Dec 2023NOK 138.9bNOK 192.6bNOK 6.8b13.1x20.4x0.7x
Tue, 14 Nov 2023NOK 125.8bNOK 192.4bNOK 6.7b12x18.7x0.7x
Thu, 12 Oct 2023NOK 130.2bNOK 200.1bNOK 14.0b6.8x9.3x0.7x
Sat, 09 Sep 2023NOK 123.5bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Mon, 07 Aug 2023NOK 136.4bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Wed, 05 Jul 2023NOK 136.3bNOK 211.2bNOK 20.2b5.2x6.8x0.6x
Fri, 02 Jun 2023NOK 139.7bNOK 209.3bNOK 24.6b4.6x5.7x0.7x
Sun, 30 Apr 2023NOK 163.3bNOK 209.4bNOK 24.7b6.2x6.6x0.8x
Tue, 28 Mar 2023NOK 154.0bNOK 209.4bNOK 24.7b6.1x6.2x0.7x
Thu, 23 Feb 2023NOK 162.3bNOK 209.4bNOK 24.8b4.6x6.6x0.8x
Sat, 21 Jan 2023NOK 167.4bNOK 211.6bNOK 31.4b5.3x5.3x0.8x
Mon, 19 Dec 2022NOK 144.4bNOK 211.6bNOK 31.4b4.6x4.6x0.7x
Wed, 16 Nov 2022NOK 152.9bNOK 211.6bNOK 31.4b4.8x4.9x0.7x
Price to Earnings Ratio

4.9x


Total Market Cap: NOK 152.9bTotal Earnings: NOK 31.4bTotal Revenue: NOK 211.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 37.6x202320242025
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 12.5x which is lower than its 3-year average PE of 37.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 29% 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 Market-0.80%
Materials-0.98%
Metals and Mining1.79%
Aluminum1.93%
Steel0.16%
Gold0%0
Diversified Metals and Mining-7.15%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 78.5x.
    • Analysts are expecting annual earnings growth of 10.0%, which is lower than the prior year's growth of 719.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 45% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 10% 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 69.861.9%
+NOK 2.6b		0.7%PE12.6x
AKOBO Akobo MineralsNOK 1.951.8%
+NOK 8.0m		3.2%PS24.2x
RANA Rana GruberNOK 64.000.2%
+NOK 3.7m		-21.2%PE8x

Latest News

AKOBO
NOK 1.95
Akobo Minerals
7D
1.8%
1Y
3.2%
NHY
NOK 69.86
Norsk Hydro
7D
1.9%
1Y
0.7%

NHY: Future Cost Cuts and Margin Resilience Are Set to Shape Performance

The consensus analyst price target for Norsk Hydro has increased slightly from NOK 69 to approximately NOK 70.13. This change reflects updated expectations for the company's profit margins and ongoing positive sentiment from recent analyst reviews.
NOM
NOK 13.70
Nordic Mining
7D
-7.2%
1Y
-44.5%
RANA
NOK 64.00
Rana Gruber
7D
0.2%
1Y
-21.2%

Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital

Sep 01
Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital
GEM
NOK 1.91
Green Minerals
7D
-5.9%
1Y
-73.0%