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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies3
  • 7D5.1%
  • 3M29.6%
  • 1Y96.9%
  • YTD40.6%

Over the last 7 days, the Metals and Mining industry has risen 11%, driven by gains from Norsk Hydro of 5.1%. This takes the industry's 12 month performance to a gain of 100%. 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
Thu, 28 May 2026NOK 222.7bNOK 201.3bNOK 5.5b36.2x40.5x1.1x
Sat, 25 Apr 2026NOK 215.3bNOK 209.5bNOK 6.6b20.5x32.7x1x
Mon, 23 Mar 2026NOK 173.3bNOK 209.5bNOK 6.6b17.4x26.3x0.8x
Wed, 18 Feb 2026NOK 165.5bNOK 209.5bNOK 6.6b16.8x25.2x0.8x
Fri, 16 Jan 2026NOK 172.7bNOK 217.4bNOK 11.0b12x15.7x0.8x
Sun, 14 Dec 2025NOK 154.4bNOK 217.4bNOK 11.0b10.7x14x0.7x
Tue, 11 Nov 2025NOK 145.6bNOK 217.4bNOK 11.0b10.5x13.3x0.7x
Thu, 09 Oct 2025NOK 141.4bNOK 216.9bNOK 9.7b11.2x14.5x0.7x
Sat, 06 Sep 2025NOK 136.5bNOK 217.0bNOK 9.8b10.1x13.9x0.6x
Mon, 04 Aug 2025NOK 127.0bNOK 217.0bNOK 9.9b9.9x12.8x0.6x
Wed, 02 Jul 2025NOK 119.1bNOK 214.8bNOK 10.0b9.3x11.9x0.6x
Fri, 30 May 2025NOK 116.1bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Sun, 27 Apr 2025NOK 116.7bNOK 205.3bNOK 6.0b13.3x19.5x0.6x
Tue, 25 Mar 2025NOK 136.8bNOK 205.3bNOK 6.0b14.8x22.8x0.7x
Thu, 20 Feb 2025NOK 135.7bNOK 205.3bNOK 6.0b14.9x22.6x0.7x
Sat, 18 Jan 2025NOK 141.1bNOK 197.2bNOK 1.8b53.4x79.2x0.7x
Mon, 16 Dec 2024NOK 135.0bNOK 197.2bNOK 1.8b51.1x75.8x0.7x
Wed, 13 Nov 2024NOK 135.7bNOK 197.3bNOK 1.8b51.2x74.2x0.7x
Fri, 11 Oct 2024NOK 141.7bNOK 191.9bNOK 669.6m358.1x211.6x0.7x
Sun, 08 Sep 2024NOK 115.9bNOK 191.9bNOK 669.6m292x173x0.6x
Tue, 06 Aug 2024NOK 115.4bNOK 191.7bNOK 642.5m291.2x179.7x0.6x
Thu, 04 Jul 2024NOK 140.4bNOK 194.4bNOK 3.7b23.4x37.9x0.7x
Sat, 01 Jun 2024NOK 147.9bNOK 194.4bNOK 3.7b24.5x39.9x0.8x
Mon, 29 Apr 2024NOK 145.8bNOK 194.6bNOK 3.7b24.6x39.8x0.7x
Wed, 27 Mar 2024NOK 125.6bNOK 195.6bNOK 4.0b19.8x31.5x0.6x
Fri, 23 Feb 2024NOK 118.7bNOK 195.6bNOK 4.0b18.6x29.8x0.6x
Sun, 21 Jan 2024NOK 124.3bNOK 192.6bNOK 6.8b11.8x18.3x0.6x
Tue, 19 Dec 2023NOK 138.9bNOK 192.6bNOK 6.8b13.3x20.4x0.7x
Thu, 16 Nov 2023NOK 134.6bNOK 192.4bNOK 6.7b12.9x20x0.7x
Sat, 14 Oct 2023NOK 128.4bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Mon, 11 Sep 2023NOK 123.5bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Wed, 09 Aug 2023NOK 132.6bNOK 200.1bNOK 14.1b6.6x9.4x0.7x
Fri, 07 Jul 2023NOK 131.2bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Sun, 04 Jun 2023NOK 146.1bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Price to Earnings Ratio

5.9x


Total Market Cap: NOK 146.1bTotal Earnings: NOK 24.6bTotal Revenue: NOK 209.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 40.8x202420252026
Current Industry PE
    There are only 3 companies in the Norwegian Metals and Mining industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 39% 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-2.56%
Materials1.17%
Metals and Mining5.12%
Aluminum5.13%
Diversified Metals and Mining2.40%
Gold0%0
Steel0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.5x.
    • Analysts are expecting annual earnings growth of 20.8%, 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
NHY Norsk HydroNOK 112.655.1%
+NOK 10.8b		101.0%PE36.2x
NOM Nordic MiningNOK 10.342.4%
+NOK 30.0m		-55.9%PS142.4x
GEM Green MineralsNOK 1.253.8%
+NOK 909.1k		-51.4%PB3.5x

Latest News

NHY
NOK 112.65
Norsk Hydro
7D
5.1%
1Y
101.0%
Narrative Update • May 16

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

Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.
NOM
NOK 10.34
Nordic Mining
7D
2.4%
1Y
-55.9%
AKOBO
NOK 1.72
Akobo Minerals
7D
-2.0%
1Y
130.6%
GEM
NOK 1.25
Green Minerals
7D
3.8%
1Y
-51.4%