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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies4
  • 7D1.4%
  • 3M22.1%
  • 1Y82.8%
  • YTD31.7%

In the last week, the Metals and Mining industry is up 4.3%, with Norsk Hydro up 2.9%. In the last 12 months, the industry was up 85%. 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
Tue, 28 Apr 2026NOK 212.3bNOK 209.5bNOK 6.6b20.3x32.3x1x
Thu, 26 Mar 2026NOK 184.4bNOK 209.5bNOK 6.6b18.2x28x0.9x
Sat, 21 Feb 2026NOK 172.0bNOK 209.5bNOK 6.6b17.2x26.2x0.8x
Mon, 19 Jan 2026NOK 170.0bNOK 217.4bNOK 11.0b11.9x15.4x0.8x
Wed, 17 Dec 2025NOK 154.7bNOK 217.4bNOK 11.0b10.7x14.1x0.7x
Fri, 14 Nov 2025NOK 151.3bNOK 217.4bNOK 11.0b10.9x13.8x0.7x
Sun, 12 Oct 2025NOK 139.4bNOK 216.9bNOK 9.7b11.1x14.3x0.6x
Tue, 09 Sep 2025NOK 134.5bNOK 217.0bNOK 9.8b10x13.7x0.6x
Thu, 07 Aug 2025NOK 129.2bNOK 217.0bNOK 9.9b10.1x13.1x0.6x
Sat, 05 Jul 2025NOK 121.5bNOK 214.8bNOK 10.0b9.4x12.2x0.6x
Mon, 02 Jun 2025NOK 115.9bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Wed, 30 Apr 2025NOK 114.3bNOK 205.3bNOK 6.0b13.1x19.1x0.6x
Fri, 28 Mar 2025NOK 129.5bNOK 205.3bNOK 6.0b14.1x21.6x0.6x
Sun, 23 Feb 2025NOK 136.6bNOK 205.3bNOK 6.0b14.9x22.8x0.7x
Tue, 21 Jan 2025NOK 142.6bNOK 197.2bNOK 1.8b53.9x80.1x0.7x
Thu, 19 Dec 2024NOK 132.2bNOK 197.2bNOK 1.8b49.9x74.2x0.7x
Sat, 16 Nov 2024NOK 146.0bNOK 197.2bNOK 1.8b55.1x82x0.7x
Mon, 14 Oct 2024NOK 145.7bNOK 191.9bNOK 669.6m368.2x217.5x0.8x
Wed, 11 Sep 2024NOK 115.8bNOK 191.9bNOK 669.6m291.7x173x0.6x
Fri, 09 Aug 2024NOK 116.6bNOK 191.7bNOK 642.5m294x181.5x0.6x
Sun, 07 Jul 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Tue, 04 Jun 2024NOK 148.0bNOK 194.4bNOK 3.7b24.5x39.9x0.8x
Thu, 02 May 2024NOK 143.9bNOK 194.6bNOK 3.7b24.3x39.2x0.7x
Sat, 30 Mar 2024NOK 124.2bNOK 195.6bNOK 4.0b19.6x31.1x0.6x
Mon, 26 Feb 2024NOK 117.2bNOK 195.6bNOK 4.0b18.4x29.4x0.6x
Wed, 24 Jan 2024NOK 131.6bNOK 192.6bNOK 6.8b12.4x19.3x0.7x
Fri, 22 Dec 2023NOK 137.1bNOK 192.6bNOK 6.8b12.9x20.1x0.7x
Sun, 19 Nov 2023NOK 135.9bNOK 192.6bNOK 6.8b12.8x20x0.7x
Tue, 17 Oct 2023NOK 130.4bNOK 200.1bNOK 14.0b6.8x9.3x0.7x
Thu, 14 Sep 2023NOK 128.1bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Sat, 12 Aug 2023NOK 134.7bNOK 200.1bNOK 14.1b6.7x9.6x0.7x
Mon, 10 Jul 2023NOK 129.5bNOK 211.2bNOK 20.2b5x6.4x0.6x
Wed, 07 Jun 2023NOK 142.3bNOK 209.3bNOK 24.6b4.6x5.8x0.7x
Fri, 05 May 2023NOK 156.7bNOK 209.4bNOK 24.7b6.3x6.3x0.7x
Price to Earnings Ratio

6.3x


Total Market Cap: NOK 156.7bTotal 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 40x202420252026
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 32.7x which is lower than its 3-year average PE of 40.0x.
  • The 3-year average PS ratio of 0.68x is lower than the industry's current PS ratio of 1.0x.
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 Market-1.22%
Materials1.50%
Metals and Mining1.39%
Aluminum1.44%
Gold0%0
Steel0%0
Diversified Metals and Mining-2.59%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 80.8x.
    • Analysts are expecting annual earnings growth of 21.2%, 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 21% over the next 5 years.
  • This is better than its past earnings growth rate of 16% 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 105.801.4%
+NOK 2.9b		87.7%PE31x
GEM Green MineralsNOK 1.520.3%
+NOK 101.0k		-43.9%PB4.2x

Latest News

NHY
NOK 105.80
Norsk Hydro
7D
1.4%
1Y
87.7%

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

Analysts have lifted the fair value estimate for Norsk Hydro from NOK 120 to about NOK 139. This reflects updated assumptions for higher revenue growth and profit margins, even as recent research shows a mix of upgraded price targets and fresh downgrades on concerns around downstream recovery and demand headwinds.
AKOBO
NOK 1.53
Akobo Minerals
7D
-5.6%
1Y
5.2%
NOM
NOK 11.78
Nordic Mining
7D
-2.6%
1Y
-42.8%
GEM
NOK 1.52
Green Minerals
7D
0.3%
1Y
-43.9%