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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.0%
  • 3M-15.8%
  • 1Y34.4%
  • YTD11.4%

The Metals and Mining is pretty flat in the last 7 days, but Nordic Mining has stood out, gaining 6.5%. As for the the longer term, the industry is up 34% over the past 12 months. Looking forward, earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026NOK 177.3bNOK 204.7bNOK 9.1b18.1x19.6x0.9x
Wed, 15 Jul 2026NOK 176.0bNOK 201.3bNOK 5.4b28.6x32.5x0.9x
Fri, 12 Jun 2026NOK 218.7bNOK 201.3bNOK 5.5b35.6x39.8x1.1x
Sun, 10 May 2026NOK 205.9bNOK 201.3bNOK 5.7b33.4x36.3x1x
Tue, 07 Apr 2026NOK 206.1bNOK 209.5bNOK 6.6b19.8x31.3x1x
Thu, 05 Mar 2026NOK 184.8bNOK 209.5bNOK 6.6b18.2x28.1x0.9x
Sat, 31 Jan 2026NOK 175.1bNOK 217.4bNOK 11.0b12.1x15.9x0.8x
Mon, 29 Dec 2025NOK 158.9bNOK 217.4bNOK 11.0b11.3x14.4x0.7x
Wed, 26 Nov 2025NOK 145.8bNOK 217.4bNOK 11.0b10.1x13.2x0.7x
Fri, 24 Oct 2025NOK 144.2bNOK 216.9bNOK 9.7b11.3x14.8x0.7x
Sun, 21 Sep 2025NOK 135.3bNOK 216.9bNOK 9.7b11x13.9x0.6x
Tue, 19 Aug 2025NOK 132.4bNOK 217.0bNOK 9.9b10.2x13.4x0.6x
Thu, 17 Jul 2025NOK 124.1bNOK 214.8bNOK 10.0b9.5x12.4x0.6x
Sat, 14 Jun 2025NOK 114.5bNOK 214.8bNOK 9.9b9.3x11.5x0.5x
Mon, 12 May 2025NOK 117.7bNOK 214.8bNOK 9.9b9.4x11.9x0.5x
Wed, 09 Apr 2025NOK 111.6bNOK 205.3bNOK 6.0b12.6x18.6x0.5x
Fri, 07 Mar 2025NOK 146.3bNOK 205.3bNOK 6.0b15.7x24.4x0.7x
Sun, 02 Feb 2025NOK 137.7bNOK 197.2bNOK 1.8b52.1x77.4x0.7x
Tue, 31 Dec 2024NOK 130.1bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Thu, 28 Nov 2024NOK 141.7bNOK 197.2bNOK 1.8b53.5x79.6x0.7x
Sat, 26 Oct 2024NOK 142.3bNOK 197.3bNOK 1.8b53.5x78.2x0.7x
Mon, 23 Sep 2024NOK 128.8bNOK 191.9bNOK 669.6m325.3x192.4x0.7x
Wed, 21 Aug 2024NOK 124.2bNOK 191.7bNOK 643.0m314x193.2x0.6x
Fri, 19 Jul 2024NOK 136.3bNOK 194.4bNOK 3.7b22.6x36.7x0.7x
Sun, 16 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.4x36.5x0.7x
Tue, 14 May 2024NOK 141.6bNOK 194.6bNOK 3.7b24x38.5x0.7x
Thu, 11 Apr 2024NOK 142.7bNOK 195.6bNOK 4.0b22.2x35.8x0.7x
Sat, 09 Mar 2024NOK 116.6bNOK 195.6bNOK 4.0b18.3x29.2x0.6x
Mon, 05 Feb 2024NOK 127.4bNOK 192.6bNOK 6.8b12.1x18.7x0.7x
Wed, 03 Jan 2024NOK 142.5bNOK 192.6bNOK 6.8b13.4x20.9x0.7x
Fri, 01 Dec 2023NOK 131.6bNOK 192.6bNOK 6.8b12.5x19.3x0.7x
Sun, 29 Oct 2023NOK 126.9bNOK 192.4bNOK 6.7b11.8x18.8x0.7x
Tue, 26 Sep 2023NOK 131.7bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Thu, 24 Aug 2023NOK 123.8bNOK 200.1bNOK 14.0b6.3x8.8x0.6x
Price to Earnings Ratio

8.8x


Total Market Cap: NOK 123.8bTotal 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 42.6x202420252026
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 19.6x which is lower than its 3-year average PE of 42.5x.
  • 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 Market2.99%
Materials0.098%
Metals and Mining-0.97%
Diversified Metals and Mining3.93%
Copper0%0
Gold0%0
Steel0%0
Aluminum-0.97%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.0x.
    • 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
NOM Nordic MiningNOK 2.726.5%
+NOK 20.6m		-85.4%PS37.4x
GEM Green MineralsNOK 1.401.4%
+NOK 404.0k		-44.0%PB3.9x

Latest News

NHY
NOK 89.76
Norsk Hydro
7D
-1.0%
1Y
36.6%
POLAR
NOK 4.86
Polar Resources
7D
-6.1%
1Y
n/a
NOM
NOK 2.72
Nordic Mining
7D
6.5%
1Y
-85.4%
GEM
NOK 1.40
Green Minerals
7D
1.4%
1Y
-44.0%