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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies4
  • 7D2.2%
  • 3M25.8%
  • 1Y28.3%
  • YTD10.3%

Over the last 7 days, the Metals and Mining industry has dropped 2.4%, driven by declines from every company within the industry. Over the past 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026NOK 178.9bNOK 217.4bNOK 10.9b12.3x16.5x0.8x
Mon, 05 Jan 2026NOK 162.0bNOK 217.4bNOK 11.0b11.5x14.7x0.7x
Wed, 03 Dec 2025NOK 146.4bNOK 217.4bNOK 11.0b10.2x13.3x0.7x
Fri, 31 Oct 2025NOK 137.0bNOK 217.4bNOK 11.1b10x12.3x0.6x
Sun, 28 Sep 2025NOK 134.3bNOK 216.9bNOK 9.7b11x13.8x0.6x
Tue, 26 Aug 2025NOK 136.7bNOK 217.0bNOK 9.8b10.6x13.9x0.6x
Thu, 24 Jul 2025NOK 130.2bNOK 216.7bNOK 9.9b10.1x13.2x0.6x
Sat, 21 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Mon, 19 May 2025NOK 118.8bNOK 214.8bNOK 9.9b9.4x12x0.6x
Wed, 16 Apr 2025NOK 111.6bNOK 205.3bNOK 6.0b12.6x18.6x0.5x
Fri, 14 Mar 2025NOK 138.8bNOK 205.3bNOK 6.0b15.1x23.2x0.7x
Sun, 09 Feb 2025NOK 139.3bNOK 197.2bNOK 1.8b52.7x78.2x0.7x
Tue, 07 Jan 2025NOK 130.5bNOK 197.2bNOK 1.8b49.4x73.3x0.7x
Thu, 05 Dec 2024NOK 144.1bNOK 197.2bNOK 1.8b54.5x80.9x0.7x
Sat, 02 Nov 2024NOK 143.3bNOK 197.3bNOK 1.8b53.9x78.7x0.7x
Mon, 30 Sep 2024NOK 142.1bNOK 191.9bNOK 669.6m359x212.2x0.7x
Wed, 28 Aug 2024NOK 125.9bNOK 191.7bNOK 636.9m317.9x197.7x0.7x
Fri, 26 Jul 2024NOK 125.4bNOK 191.7bNOK 642.5m316.6x195.1x0.7x
Sun, 23 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.6x36.5x0.7x
Tue, 21 May 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Thu, 18 Apr 2024NOK 148.6bNOK 195.6bNOK 4.0b23x37.3x0.8x
Sat, 16 Mar 2024NOK 121.0bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Mon, 12 Feb 2024NOK 122.0bNOK 192.6bNOK 6.9b11.6x17.8x0.6x
Wed, 10 Jan 2024NOK 139.0bNOK 192.6bNOK 6.8b13x20.4x0.7x
Fri, 08 Dec 2023NOK 128.5bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Sun, 05 Nov 2023NOK 132.0bNOK 192.4bNOK 6.7b12.3x19.6x0.7x
Tue, 03 Oct 2023NOK 140.7bNOK 200.1bNOK 14.0b7x10.1x0.7x
Thu, 31 Aug 2023NOK 124.0bNOK 200.1bNOK 14.0b6.6x8.9x0.6x
Sat, 29 Jul 2023NOK 136.7bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Mon, 26 Jun 2023NOK 130.5bNOK 211.2bNOK 20.2b5x6.5x0.6x
Wed, 24 May 2023NOK 143.6bNOK 209.3bNOK 24.6b4.6x5.8x0.7x
Fri, 21 Apr 2023NOK 171.0bNOK 209.4bNOK 24.7b6.2x6.9x0.8x
Sun, 19 Mar 2023NOK 149.3bNOK 209.4bNOK 24.7b6x6x0.7x
Tue, 14 Feb 2023NOK 164.1bNOK 211.6bNOK 31.4b5.2x5.2x0.8x
Price to Earnings Ratio

5.2x


Total Market Cap: NOK 164.1bTotal 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 38.4x202420252026
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 16.1x which is lower than its 3-year average PE of 38.4x.
  • 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 30% 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 Market2.65%
Materials1.24%
Metals and Mining2.18%
Aluminum2.27%
Gold0%0
Steel0%0
Diversified Metals and Mining-4.44%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 79.3x.
    • Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 719.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 15% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 12% 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 88.282.3%
+NOK 3.9b		30.2%PE15.9x

Latest News

GEM
NOK 1.23
Green Minerals
7D
-16.7%
1Y
-62.3%
NHY
NOK 88.28
Norsk Hydro
7D
2.3%
1Y
30.2%

NHY: Restructuring And Hydropower Investment Will Shape Balanced Returns Ahead

Narrative Update Analysts have lifted their implied fair value estimate for Norsk Hydro from NOK 74.13 to NOK 79.25, reflecting higher Street price targets in the NOK 75 to NOK 99 range and updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Street research on Norsk Hydro has leaned constructive in recent months, with several firms adjusting their price targets upward into the NOK 75 to NOK 99 range.
NOM
NOK 11.46
Nordic Mining
7D
-4.2%
1Y
-47.4%
AKOBO
NOK 2.29
Akobo Minerals
7D
-4.6%
1Y
6.5%