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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies3
  • 7D2.0%
  • 3M26.5%
  • 1Y100.6%
  • YTD34.9%

The Metals and Mining industry has stayed flat over the last week. As for the the longer term, the industry is up 96% over the past 12 months. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026NOK 213.7bNOK 208.0bNOK 6.3b31.6x34.1x1x
Sat, 14 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Mon, 09 Feb 2026NOK 178.9bNOK 217.4bNOK 10.9b12.3x16.4x0.8x
Wed, 07 Jan 2026NOK 169.7bNOK 217.4bNOK 11.0b11.8x15.4x0.8x
Fri, 05 Dec 2025NOK 150.5bNOK 217.4bNOK 11.0b10.5x13.7x0.7x
Sun, 02 Nov 2025NOK 139.6bNOK 217.4bNOK 11.0b10.2x12.7x0.6x
Tue, 30 Sep 2025NOK 138.7bNOK 216.9bNOK 9.7b11.2x14.3x0.6x
Thu, 28 Aug 2025NOK 134.2bNOK 217.0bNOK 9.8b10.1x13.7x0.6x
Sat, 26 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Mon, 23 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Wed, 21 May 2025NOK 118.5bNOK 214.8bNOK 9.9b9.4x12x0.6x
Fri, 18 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Sun, 16 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Tue, 11 Feb 2025NOK 138.2bNOK 197.2bNOK 1.8b52.3x77.6x0.7x
Thu, 09 Jan 2025NOK 129.6bNOK 197.2bNOK 1.8b49x72.8x0.7x
Sat, 07 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Mon, 04 Nov 2024NOK 143.3bNOK 197.3bNOK 1.8b53.9x78.7x0.7x
Wed, 02 Oct 2024NOK 142.5bNOK 191.9bNOK 669.6m359.9x212.8x0.7x
Fri, 30 Aug 2024NOK 123.0bNOK 191.9bNOK 669.6m309.9x183.6x0.6x
Sun, 28 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Tue, 25 Jun 2024NOK 138.4bNOK 194.4bNOK 3.7b23.1x37.3x0.7x
Thu, 23 May 2024NOK 143.7bNOK 194.4bNOK 3.7b23.9x38.7x0.7x
Sat, 20 Apr 2024NOK 148.2bNOK 195.6bNOK 4.0b22.9x37.1x0.8x
Mon, 18 Mar 2024NOK 121.0bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Wed, 14 Feb 2024NOK 120.5bNOK 192.6bNOK 6.9b11.6x17.6x0.6x
Fri, 12 Jan 2024NOK 136.7bNOK 192.6bNOK 6.8b12.7x20.1x0.7x
Sun, 10 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Tue, 07 Nov 2023NOK 133.5bNOK 192.4bNOK 6.7b12.5x19.8x0.7x
Thu, 05 Oct 2023NOK 138.0bNOK 200.1bNOK 14.0b6.7x9.9x0.7x
Sat, 02 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Mon, 31 Jul 2023NOK 136.7bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Wed, 28 Jun 2023NOK 132.6bNOK 211.2bNOK 20.2b5.1x6.6x0.6x
Fri, 26 May 2023NOK 141.1bNOK 209.3bNOK 24.6b4.5x5.7x0.7x
Sun, 23 Apr 2023NOK 167.3bNOK 209.4bNOK 24.7b6.2x6.8x0.8x
Price to Earnings Ratio

6.8x


Total Market Cap: NOK 167.3bTotal Earnings: NOK 24.7bTotal Revenue: NOK 209.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 39.7x202420252026
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 37% 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-0.40%
Materials1.90%
Metals and Mining1.97%
Aluminum1.98%
Gold0%0
Steel0%0
Diversified Metals and Mining-0.47%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 80.5x.
    • Analysts are expecting annual earnings growth of 19.7%, which is higher than its past year's earnings growth of 16.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 20% 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 107.952.0%
+NOK 4.1b		104.3%PE31.6x
RANA Rana GruberNOK 78.500.3%
+NOK 7.4m		14.3%PE9.7x
GEM Green MineralsNOK 1.570.6%
+NOK 202.0k		-39.6%PB4.4x

Latest News

AKOBO
NOK 1.64
Akobo Minerals
7D
-12.5%
1Y
10.4%
NOM
NOK 12.14
Nordic Mining
7D
-0.5%
1Y
-42.7%
RANA
NOK 78.50
Rana Gruber
7D
0.3%
1Y
14.3%

RANA: Index Removal And Capacity Production Will Likely Limit Future Upside

Analysts have kept their NOK 68.00 price target on Rana Gruber unchanged, citing broadly steady assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Rana Gruber ASA was removed from the S&P Global BMI Index, which can affect how some index funds and benchmarked portfolios are exposed to the shares (Key Developments).
NHY
NOK 107.95
Norsk Hydro
7D
2.0%
1Y
104.3%

NHY: Extrusion Restructuring And Dividend Will Support Higher Future Earnings Multiples

Norsk Hydro's updated fair value estimate moves to NOK 120 from NOK 110, as analysts factor in slightly higher assumed revenue growth, modestly stronger profit margins, a lower discount rate, and a higher future P/E multiple, supported by a recent series of price target increases and rating upgrades across the Street. Analyst Commentary Recent research on Norsk Hydro shows a mixed set of opinions, but there has been a clear cluster of more constructive views alongside the latest fair value update.
GEM
NOK 1.57
Green Minerals
7D
0.6%
1Y
-39.6%