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

Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies3
  • 7D0.5%
  • 3M28.5%
  • 1Y82.7%
  • YTD31.9%

Over the last 7 days, the Metals and Mining industry has risen 1.5%, driven by gains from Norsk Hydro of 1.7%. In the same time, Nordic Mining was down 20%. In the last 12 months, the industry was up 80%. Looking forward, 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
Mon, 18 May 2026NOK 209.0bNOK 201.3bNOK 5.5b34x38x1x
Wed, 15 Apr 2026NOK 213.0bNOK 208.0bNOK 6.3b31.5x33.9x1x
Fri, 13 Mar 2026NOK 194.3bNOK 209.5bNOK 6.6b19x29.5x0.9x
Sun, 08 Feb 2026NOK 178.9bNOK 217.4bNOK 10.9b12.3x16.4x0.8x
Tue, 06 Jan 2026NOK 166.3bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Thu, 04 Dec 2025NOK 148.5bNOK 217.4bNOK 11.0b10.3x13.5x0.7x
Sat, 01 Nov 2025NOK 139.6bNOK 217.4bNOK 11.1b10.2x12.5x0.6x
Mon, 29 Sep 2025NOK 134.3bNOK 216.9bNOK 9.7b11x13.8x0.6x
Wed, 27 Aug 2025NOK 136.3bNOK 217.0bNOK 9.8b10.5x13.9x0.6x
Fri, 25 Jul 2025NOK 130.2bNOK 216.7bNOK 9.9b10.1x13.2x0.6x
Sun, 22 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Tue, 20 May 2025NOK 117.3bNOK 214.8bNOK 9.9b9.2x11.9x0.5x
Thu, 17 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Sat, 15 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Mon, 10 Feb 2025NOK 139.3bNOK 197.2bNOK 1.8b52.7x78.2x0.7x
Wed, 08 Jan 2025NOK 129.9bNOK 197.2bNOK 1.8b49.2x72.9x0.7x
Fri, 06 Dec 2024NOK 144.2bNOK 197.2bNOK 1.8b54.5x81x0.7x
Sun, 03 Nov 2024NOK 143.3bNOK 197.3bNOK 1.8b53.9x78.7x0.7x
Tue, 01 Oct 2024NOK 142.6bNOK 191.9bNOK 669.6m359.9x212.9x0.7x
Thu, 29 Aug 2024NOK 122.7bNOK 191.9bNOK 669.6m309.3x183.2x0.6x
Sat, 27 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Mon, 24 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.6x36.5x0.7x
Wed, 22 May 2024NOK 148.6bNOK 194.4bNOK 3.7b24.6x40.1x0.8x
Fri, 19 Apr 2024NOK 148.2bNOK 195.6bNOK 4.0b22.9x37.1x0.8x
Sun, 17 Mar 2024NOK 121.0bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Tue, 13 Feb 2024NOK 123.2bNOK 192.6bNOK 6.9b11.8x17.9x0.6x
Thu, 11 Jan 2024NOK 138.1bNOK 192.6bNOK 6.8b12.8x20.3x0.7x
Sat, 09 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Mon, 06 Nov 2023NOK 132.0bNOK 192.4bNOK 6.7b12.3x19.6x0.7x
Wed, 04 Oct 2023NOK 138.0bNOK 200.1bNOK 14.0b6.9x9.9x0.7x
Fri, 01 Sep 2023NOK 124.2bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Sun, 30 Jul 2023NOK 136.7bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Tue, 27 Jun 2023NOK 132.6bNOK 211.2bNOK 20.2b5x6.6x0.6x
Thu, 25 May 2023NOK 141.1bNOK 209.3bNOK 24.6b4.5x5.7x0.7x
Price to Earnings Ratio

5.7x


Total Market Cap: NOK 141.1bTotal Earnings: NOK 24.6bTotal Revenue: NOK 209.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 40.5x202420252026
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 39% 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 Market1.69%
Materials0.35%
Metals and Mining0.52%
Aluminum0.67%
Gold0%0
Steel0%0
Diversified Metals and Mining-19.45%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.2x.
    • Analysts are expecting annual earnings growth of 20.6%, 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
NHY Norsk HydroNOK 105.750.7%
+NOK 1.4b		86.1%PE34x

Latest News

NHY
NOK 105.75
Norsk Hydro
7D
0.7%
1Y
86.1%
Narrative Update • May 16

NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating

Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.
NOM
NOK 9.35
Nordic Mining
7D
-18.0%
1Y
-55.9%
AKOBO
NOK 1.60
Akobo Minerals
7D
-4.2%
1Y
111.1%
GEM
NOK 1.29
Green Minerals
7D
-5.8%
1Y
-50.0%