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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies4
  • 7D-4.6%
  • 3M-16.3%
  • 1Y42.1%
  • YTD7.3%

Over the last 7 days, the Metals and Mining industry has dropped 4.6%, driven by a pullback from Norsk Hydro of 4.6%. This takes the industry's 12 month performance to a gain of 42%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Jul 2026NOK 170.6bNOK 201.3bNOK 5.5b27.7x31x0.8x
Sun, 31 May 2026NOK 223.8bNOK 201.3bNOK 5.5b36.4x40.7x1.1x
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
Price to Earnings Ratio

6.4x


Total Market Cap: NOK 129.5bTotal Earnings: NOK 20.2bTotal Revenue: NOK 211.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 41.9x202420252026
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 31.0x which is lower than its 3-year average PE of 41.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 35% 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 Market0.85%
Materials-2.34%
Metals and Mining-4.59%
Gold0%0
Steel0%0
Aluminum-4.59%
Diversified Metals and Mining-5.75%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.4x.
    • 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
AKOBO Akobo MineralsNOK 1.471.4%
+NOK 4.6m		30.2%PS5.6x
GEM Green MineralsNOK 1.2410.3%
+NOK 2.3m		-70.3%PB3.4x

Latest News

NHY
NOK 86.10
Norsk Hydro
7D
-4.6%
1Y
45.0%
Narrative Update • Jul 01

NHY: Future Execution Risks Will Likely Cap Aluminum Price Optimism

The updated analyst price target for Norsk Hydro reflects a lower fair value estimate of NOK 65.91, down from NOK 69.52, as analysts incorporate recent target cuts and rating changes while also acknowledging adjustments to projected growth, margins, and valuation multiples. Analyst Commentary Recent research updates on Norsk Hydro point to a more mixed backdrop, with several bearish analysts trimming price targets or cutting ratings, even as others maintain or raise their fair value views.
AKOBO
NOK 1.47
Akobo Minerals
7D
1.4%
1Y
30.2%
NOM
NOK 6.71
Nordic Mining
7D
-2.0%
1Y
-71.5%
GEM
NOK 1.24
Green Minerals
7D
10.3%
1Y
-70.3%