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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 31, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.3%
  • 3M-22.3%
  • 1Y40.8%
  • YTD15.7%

In the last week, the Metals and Mining industry is up 1.3%, with Norsk Hydro up 1.4%. During this same period, the Nordic Mining underperformed, falling 21%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 9.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 31 Aug 2026NOK 184.0bNOK 204.7bNOK 8.9b18.8x20.6x0.9x
Wed, 29 Jul 2026NOK 167.3bNOK 204.7bNOK 9.1b17x18.5x0.8x
Fri, 26 Jun 2026NOK 178.3bNOK 201.3bNOK 5.5b29x32.4x0.9x
Sun, 24 May 2026NOK 219.3bNOK 201.3bNOK 5.5b35.6x39.9x1.1x
Tue, 21 Apr 2026NOK 206.5bNOK 208.0bNOK 6.3b30.5x32.9x1x
Thu, 19 Mar 2026NOK 182.1bNOK 209.5bNOK 6.6b18x27.7x0.9x
Sat, 14 Feb 2026NOK 174.1bNOK 217.4bNOK 10.9b12.1x16x0.8x
Mon, 12 Jan 2026NOK 166.3bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Wed, 10 Dec 2025NOK 151.3bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Fri, 07 Nov 2025NOK 140.2bNOK 217.4bNOK 11.0b10.2x12.8x0.6x
Sun, 05 Oct 2025NOK 141.4bNOK 216.9bNOK 9.7b11.3x14.5x0.7x
Tue, 02 Sep 2025NOK 133.3bNOK 217.0bNOK 9.8b10x13.6x0.6x
Thu, 31 Jul 2025NOK 129.5bNOK 217.0bNOK 9.9b10.1x13.1x0.6x
Sat, 28 Jun 2025NOK 118.9bNOK 214.8bNOK 10.0b9.3x11.9x0.6x
Mon, 26 May 2025NOK 115.2bNOK 214.8bNOK 9.9b9.2x11.6x0.5x
Wed, 23 Apr 2025NOK 109.7bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Fri, 21 Mar 2025NOK 139.7bNOK 205.3bNOK 6.0b15.1x23.3x0.7x
Sun, 16 Feb 2025NOK 135.7bNOK 210.5bNOK 6.1b14.1x22.2x0.6x
Tue, 14 Jan 2025NOK 134.6bNOK 197.2bNOK 1.8b50.8x75.6x0.7x
Thu, 12 Dec 2024NOK 136.8bNOK 197.2bNOK 1.8b51.7x76.8x0.7x
Sat, 09 Nov 2024NOK 143.8bNOK 197.3bNOK 1.8b54.2x78.6x0.7x
Mon, 07 Oct 2024NOK 143.4bNOK 191.9bNOK 669.6m362.2x214.2x0.7x
Wed, 04 Sep 2024NOK 119.1bNOK 191.9bNOK 669.6m300.2x177.8x0.6x
Fri, 02 Aug 2024NOK 123.4bNOK 191.7bNOK 642.5m311x192x0.6x
Sun, 30 Jun 2024NOK 138.2bNOK 194.4bNOK 3.7b23.1x37.2x0.7x
Tue, 28 May 2024NOK 143.9bNOK 194.4bNOK 3.7b23.9x38.8x0.7x
Thu, 25 Apr 2024NOK 140.8bNOK 195.6bNOK 4.0b21.9x35.3x0.7x
Sat, 23 Mar 2024NOK 127.1bNOK 195.6bNOK 4.0b19.9x31.8x0.6x
Mon, 19 Feb 2024NOK 122.0bNOK 195.6bNOK 4.0b19.4x30.6x0.6x
Wed, 17 Jan 2024NOK 130.1bNOK 192.6bNOK 6.8b12.2x19.1x0.7x
Fri, 15 Dec 2023NOK 137.4bNOK 192.6bNOK 6.8b13x20.2x0.7x
Sun, 12 Nov 2023NOK 126.5bNOK 192.4bNOK 6.7b12x18.8x0.7x
Tue, 10 Oct 2023NOK 127.3bNOK 200.1bNOK 14.0b6.6x9.1x0.6x
Thu, 07 Sep 2023NOK 130.1bNOK 200.1bNOK 14.0b6.7x9.3x0.7x
Price to Earnings Ratio

9.3x


Total Market Cap: NOK 130.1bTotal Earnings: NOK 14.0bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.7x202420252026
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 20.6x which is lower than its 3-year average PE of 42.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 14% 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-0.034%
Materials-0.76%
Metals and Mining-0.30%
Copper0%0
Gold0%0
Steel0%0
Aluminum-0.26%
Diversified Metals and Mining-16.26%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.1x.
    • Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings growth of 1.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 1.8% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 9.5% 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 1.641.6%
+NOK 5.7m		0.9%PS6.5x

Latest News

NOM
NOK 1.91
Nordic Mining
7D
-16.8%
1Y
-89.4%
NHY
NOK 93.24
Norsk Hydro
7D
-0.3%
1Y
43.2%
POLAR
NOK 4.95
Polar Resources
7D
-0.6%
1Y
n/a
AKOBO
NOK 1.64
Akobo Minerals
7D
1.6%
1Y
0.9%