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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 12, 2026
DataAggregated Company Financials
Companies4
  • 7D3.1%
  • 3M-13.8%
  • 1Y39.4%
  • YTD14.7%

The Metals and Mining industry is up 7.0% in the last week, with Norsk Hydro up 7.3%. During this same period, the Nordic Mining underperformed, falling 59%. This means that the industry has gained 44% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Aug 2026NOK 182.4bNOK 204.7bNOK 9.1b18.6x20.1x0.9x
Fri, 10 Jul 2026NOK 167.8bNOK 201.3bNOK 5.4b27.2x31x0.8x
Sun, 07 Jun 2026NOK 229.3bNOK 201.3bNOK 5.5b37.3x41.7x1.1x
Tue, 05 May 2026NOK 209.4bNOK 201.3bNOK 5.7b34x36.9x1x
Thu, 02 Apr 2026NOK 206.1bNOK 209.5bNOK 6.6b19.8x31.3x1x
Sat, 28 Feb 2026NOK 177.5bNOK 209.5bNOK 6.6b17.7x27x0.8x
Mon, 26 Jan 2026NOK 174.4bNOK 217.4bNOK 11.0b12.1x15.8x0.8x
Wed, 24 Dec 2025NOK 158.9bNOK 217.4bNOK 11.0b11.3x14.4x0.7x
Fri, 21 Nov 2025NOK 144.4bNOK 217.4bNOK 11.0b10.1x13.1x0.7x
Sun, 19 Oct 2025NOK 142.1bNOK 216.9bNOK 9.7b11.2x14.6x0.7x
Tue, 16 Sep 2025NOK 138.1bNOK 216.9bNOK 9.7b11.2x14.2x0.6x
Thu, 14 Aug 2025NOK 135.0bNOK 217.0bNOK 9.9b10.4x13.6x0.6x
Sat, 12 Jul 2025NOK 126.4bNOK 214.8bNOK 10.0b9.7x12.7x0.6x
Mon, 09 Jun 2025NOK 112.8bNOK 214.8bNOK 9.9b9.2x11.3x0.5x
Wed, 07 May 2025NOK 114.3bNOK 214.8bNOK 9.9b9.4x11.6x0.5x
Fri, 04 Apr 2025NOK 116.9bNOK 205.3bNOK 6.0b13x19.5x0.6x
Sun, 02 Mar 2025NOK 136.2bNOK 205.3bNOK 6.0b14.9x22.7x0.7x
Tue, 28 Jan 2025NOK 137.1bNOK 197.2bNOK 1.8b50.7x77x0.7x
Thu, 26 Dec 2024NOK 130.1bNOK 197.2bNOK 1.8b49.1x73.1x0.7x
Sat, 23 Nov 2024NOK 147.8bNOK 197.2bNOK 1.8b55.8x83x0.7x
Mon, 21 Oct 2024NOK 142.8bNOK 191.9bNOK 669.6m360.8x213.2x0.7x
Wed, 18 Sep 2024NOK 127.1bNOK 191.9bNOK 669.6m320.7x189.7x0.7x
Fri, 16 Aug 2024NOK 119.7bNOK 191.7bNOK 643.0m302.2x186.1x0.6x
Sun, 14 Jul 2024NOK 143.4bNOK 194.4bNOK 3.7b23.7x38.6x0.7x
Tue, 11 Jun 2024NOK 141.3bNOK 194.4bNOK 3.7b23.6x38.1x0.7x
Thu, 09 May 2024NOK 137.9bNOK 194.6bNOK 3.7b23.4x37.5x0.7x
Sat, 06 Apr 2024NOK 139.5bNOK 195.6bNOK 4.0b21.7x35x0.7x
Mon, 04 Mar 2024NOK 114.7bNOK 195.6bNOK 4.0b18.1x28.7x0.6x
Wed, 31 Jan 2024NOK 128.4bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Fri, 29 Dec 2023NOK 143.4bNOK 192.6bNOK 6.8b13.4x21.1x0.7x
Sun, 26 Nov 2023NOK 135.9bNOK 192.6bNOK 6.8b12.8x20x0.7x
Tue, 24 Oct 2023NOK 118.9bNOK 200.1bNOK 14.0b6.3x8.5x0.6x
Thu, 21 Sep 2023NOK 133.7bNOK 200.1bNOK 14.0b6.9x9.6x0.7x
Sat, 19 Aug 2023NOK 124.4bNOK 200.1bNOK 14.0b6.3x8.9x0.6x
Price to Earnings Ratio

8.9x


Total Market Cap: NOK 124.4bTotal 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 42.5x202420252026
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 20.4x 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 Market1.92%
Materials1.54%
Metals and Mining3.07%
Aluminum3.29%
Copper0%0
Gold0%0
Steel0%0
Diversified Metals and Mining-48.62%
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 10.2%, 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 10% 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 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 92.423.3%
+NOK 5.8b		42.3%PE18.6x
AKOBO Akobo MineralsNOK 1.564.0%
+NOK 13.8m		-13.1%PS6x
GEM Green MineralsNOK 1.4824.9%
+NOK 6.0m		-38.3%PB4.1x
GOLDR Gold Road InternationalNOK 7.560.5%
+NOK 2.3m		n/aPS19.5x

Latest News

NHY
NOK 92.42
Norsk Hydro
7D
3.3%
1Y
42.3%
Narrative Update • Jul 30

NHY: Slovalco Restart And Execution Risks Will Likely Cap Future Returns

Norsk Hydro's fair value estimate has been revised slightly lower to NOK 61.71, reflecting a series of reduced analyst price targets in the NOK 93 to NOK 116 range and updated assumptions on discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Norsk Hydro points to a more cautious stance from several bearish analysts.
AKOBO
NOK 1.56
Akobo Minerals
7D
4.0%
1Y
-13.1%
NOM
NOK 2.68
Nordic Mining
7D
-51.2%
1Y
-88.5%
GEM
NOK 1.48
Green Minerals
7D
24.9%
1Y
-38.3%