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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies4
  • 7D2.7%
  • 3M21.1%
  • 1Y27.0%
  • YTD13.1%

In the last week, the Metals and Mining industry is up 2.7%, with Norsk Hydro up 2.8%. In the last 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026NOK 182.3bNOK 209.5bNOK 6.6b18x27.7x0.9x
Tue, 03 Feb 2026NOK 174.5bNOK 217.4bNOK 11.0b12.1x15.8x0.8x
Thu, 01 Jan 2026NOK 159.6bNOK 217.4bNOK 11.0b11.4x14.5x0.7x
Sat, 29 Nov 2025NOK 147.4bNOK 217.4bNOK 11.0b10.2x13.4x0.7x
Mon, 27 Oct 2025NOK 139.2bNOK 217.4bNOK 11.1b10.1x12.5x0.6x
Wed, 24 Sep 2025NOK 136.6bNOK 216.9bNOK 9.7b11.1x14x0.6x
Fri, 22 Aug 2025NOK 133.8bNOK 217.0bNOK 9.8b10.4x13.6x0.6x
Sun, 20 Jul 2025NOK 125.5bNOK 214.8bNOK 10.0b9.6x12.6x0.6x
Tue, 17 Jun 2025NOK 116.9bNOK 214.8bNOK 9.9b9.4x11.8x0.5x
Thu, 15 May 2025NOK 119.8bNOK 214.8bNOK 9.9b9.5x12.1x0.6x
Sat, 12 Apr 2025NOK 110.0bNOK 205.3bNOK 6.0b12.5x18.4x0.5x
Mon, 10 Mar 2025NOK 144.0bNOK 205.3bNOK 6.0b15.5x24x0.7x
Wed, 05 Feb 2025NOK 135.8bNOK 197.2bNOK 1.8b51.7x76.3x0.7x
Fri, 03 Jan 2025NOK 132.8bNOK 197.2bNOK 1.8b50.2x74.6x0.7x
Sun, 01 Dec 2024NOK 141.5bNOK 197.2bNOK 1.8b53.5x79.4x0.7x
Tue, 29 Oct 2024NOK 142.2bNOK 197.3bNOK 1.8b53.4x78.1x0.7x
Thu, 26 Sep 2024NOK 134.8bNOK 191.9bNOK 669.6m340.4x201.2x0.7x
Sat, 24 Aug 2024NOK 124.3bNOK 191.7bNOK 636.9m314.4x195.2x0.6x
Mon, 22 Jul 2024NOK 132.2bNOK 194.4bNOK 3.7b22x35.6x0.7x
Wed, 19 Jun 2024NOK 133.9bNOK 194.4bNOK 3.7b22.4x36.1x0.7x
Fri, 17 May 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Sun, 14 Apr 2024NOK 149.1bNOK 195.6bNOK 4.0b23.1x37.4x0.8x
Tue, 12 Mar 2024NOK 115.0bNOK 195.6bNOK 4.0b18.1x28.8x0.6x
Thu, 08 Feb 2024NOK 123.5bNOK 192.6bNOK 6.9b11.8x18x0.6x
Sat, 06 Jan 2024NOK 139.5bNOK 192.6bNOK 6.8b13.1x20.5x0.7x
Mon, 04 Dec 2023NOK 135.1bNOK 192.6bNOK 6.8b12.8x19.9x0.7x
Wed, 01 Nov 2023NOK 133.1bNOK 192.4bNOK 6.7b12.4x19.7x0.7x
Fri, 29 Sep 2023NOK 137.2bNOK 200.1bNOK 14.0b7x9.8x0.7x
Sun, 27 Aug 2023NOK 122.0bNOK 200.1bNOK 14.0b6.3x8.7x0.6x
Tue, 25 Jul 2023NOK 130.3bNOK 200.8bNOK 14.1b6.5x9.2x0.6x
Thu, 22 Jun 2023NOK 137.3bNOK 211.2bNOK 20.2b5.2x6.8x0.6x
Sat, 20 May 2023NOK 145.1bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Mon, 17 Apr 2023NOK 167.6bNOK 209.4bNOK 24.7b6.3x6.8x0.8x
Wed, 15 Mar 2023NOK 159.3bNOK 209.4bNOK 24.7b6.2x6.4x0.8x
Price to Earnings Ratio

6.4x


Total Market Cap: NOK 159.3bTotal Earnings: NOK 24.7bTotal Revenue: NOK 209.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 38.9x202420252026
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 27.7x which is lower than its 3-year average PE of 38.9x.
  • 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 36% 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 Market1.13%
Materials1.54%
Metals and Mining2.70%
Aluminum2.79%
Gold0%0
Steel0%0
Diversified Metals and Mining-2.73%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 79.7x.
    • Analysts are expecting annual earnings growth of 20.4%, which is higher than its past year's earnings growth of 16.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 15% 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 90.602.8%
+NOK 4.8b		28.9%PE26.5x
AKOBO Akobo MineralsNOK 2.144.4%
+NOK 20.7m		12.6%PS27.1x
GEM Green MineralsNOK 1.4012.4%
+NOK 3.1m		-35.5%PB3.9x

Latest News

NHY
NOK 90.60
Norsk Hydro
7D
2.8%
1Y
28.9%

NHY: Restructuring And Upstream Exposure Will Shape Balanced Returns Ahead

The updated analyst price target for Norsk Hydro moves to NOK 82.63 from NOK 79.25, with the change broadly supported by recent Street research. Several firms increased their NOK-based targets, while others flagged demand and downstream recovery risks.
NOM
NOK 11.00
Nordic Mining
7D
-3.0%
1Y
-50.0%
GEM
NOK 1.40
Green Minerals
7D
12.4%
1Y
-35.5%
AKOBO
NOK 2.14
Akobo Minerals
7D
4.4%
1Y
12.6%