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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies4
  • 7D0.6%
  • 3M19.3%
  • 1Y8.8%
  • YTD3.0%

Over the last 7 days, the Metals and Mining industry has risen 2.7%, driven by gains from Norsk Hydro of 1.6%. In the last 12 months, the industry was up 7.9%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025NOK 136.2bNOK 216.9bNOK 9.7b11x14x0.6x
Sat, 16 Aug 2025NOK 134.7bNOK 217.0bNOK 9.9b10.4x13.6x0.6x
Mon, 14 Jul 2025NOK 126.4bNOK 214.8bNOK 10.0b9.7x12.7x0.6x
Wed, 11 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Fri, 09 May 2025NOK 115.6bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Sun, 06 Apr 2025NOK 111.0bNOK 205.3bNOK 6.0b12.4x18.5x0.5x
Tue, 04 Mar 2025NOK 138.2bNOK 205.3bNOK 6.0b15.1x23x0.7x
Thu, 30 Jan 2025NOK 136.5bNOK 197.2bNOK 1.8b51.6x76.6x0.7x
Sat, 28 Dec 2024NOK 130.3bNOK 197.2bNOK 1.8b49.2x73.2x0.7x
Mon, 25 Nov 2024NOK 147.8bNOK 197.2bNOK 1.8b55.8x83x0.7x
Wed, 23 Oct 2024NOK 141.9bNOK 191.9bNOK 669.6m358.5x211.9x0.7x
Fri, 20 Sep 2024NOK 130.6bNOK 191.9bNOK 669.6m329.7x195x0.7x
Sun, 18 Aug 2024NOK 120.9bNOK 191.7bNOK 643.0m305.2x188x0.6x
Tue, 16 Jul 2024NOK 138.2bNOK 194.4bNOK 3.7b23x37.3x0.7x
Thu, 13 Jun 2024NOK 138.8bNOK 194.4bNOK 3.7b23.2x37.4x0.7x
Sat, 11 May 2024NOK 139.3bNOK 194.6bNOK 3.7b23.7x37.9x0.7x
Mon, 08 Apr 2024NOK 139.5bNOK 195.6bNOK 4.0b21.7x35x0.7x
Wed, 06 Mar 2024NOK 112.2bNOK 195.6bNOK 4.0b17.7x28.1x0.6x
Fri, 02 Feb 2024NOK 129.2bNOK 192.6bNOK 6.8b12.2x19x0.7x
Sun, 31 Dec 2023NOK 142.8bNOK 192.6bNOK 6.8b13.4x21x0.7x
Tue, 28 Nov 2023NOK 135.9bNOK 192.6bNOK 6.8b12.8x20x0.7x
Thu, 26 Oct 2023NOK 125.4bNOK 200.1bNOK 14.0b6.6x9x0.6x
Sat, 23 Sep 2023NOK 131.3bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Mon, 21 Aug 2023NOK 124.4bNOK 200.1bNOK 14.0b6.3x8.9x0.6x
Wed, 19 Jul 2023NOK 132.4bNOK 211.2bNOK 20.2b5.1x6.6x0.6x
Fri, 16 Jun 2023NOK 150.8bNOK 209.3bNOK 24.6b4.9x6.1x0.7x
Sun, 14 May 2023NOK 143.9bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Tue, 11 Apr 2023NOK 158.5bNOK 209.4bNOK 24.7b6.1x6.4x0.8x
Thu, 09 Mar 2023NOK 166.1bNOK 209.4bNOK 24.8b6.6x6.7x0.8x
Sat, 04 Feb 2023NOK 168.2bNOK 211.6bNOK 31.4b5.3x5.4x0.8x
Mon, 02 Jan 2023NOK 153.0bNOK 211.6bNOK 31.4b4.8x4.9x0.7x
Wed, 30 Nov 2022NOK 152.5bNOK 211.6bNOK 31.4b4.8x4.9x0.7x
Fri, 28 Oct 2022NOK 141.6bNOK 211.6bNOK 31.6b4x4.5x0.7x
Sun, 25 Sep 2022NOK 118.7bNOK 195.8bNOK 25.8b3.7x4.6x0.6x
Price to Earnings Ratio

4.6x


Total Market Cap: NOK 118.7bTotal Earnings: NOK 25.8bTotal Revenue: NOK 195.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 37.2x202320242025
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 14.2x which is lower than its 3-year average PE of 37.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 28% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% per year.
  • This means that although more sales are being generated, 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 Market0.064%
Materials-0.12%
Metals and Mining0.58%
Diversified Metals and Mining1.72%
Aluminum0.60%
Gold0%0
Steel-1.35%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 78.1x.
    • Analysts are expecting annual earnings growth of 10.3%, which is lower than the prior year's growth of 4,921.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 45% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 10% 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 66.660.6%
+NOK 791.4m		10.0%PE13.8x
NOM Nordic MiningNOK 17.342.0%
+NOK 36.9m		-30.9%PS703.8x

Latest News

NOM
NOK 17.34
Nordic Mining
7D
2.0%
1Y
-30.9%
RANA
NOK 65.70
Rana Gruber
7D
-1.4%
1Y
-1.5%

Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital

Sep 01
Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital
NHY
NOK 66.66
Norsk Hydro
7D
0.6%
1Y
10.0%
AKOBO
NOK 1.70
Akobo Minerals
7D
-12.4%
1Y
-2.0%
GEM
NOK 2.23
Green Minerals
7D
-8.6%
1Y
-66.5%