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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies3
  • 7D-5.3%
  • 3M10.8%
  • 1Y73.3%
  • YTD21.7%

Over the last 7 days, the Metals and Mining industry has dropped 5.3%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 73%. 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
Tue, 23 Jun 2026NOK 192.8bNOK 201.3bNOK 5.5b31.4x35.1x1x
Thu, 21 May 2026NOK 211.9bNOK 201.3bNOK 5.5b34.4x38.5x1.1x
Sat, 18 Apr 2026NOK 203.6bNOK 208.0bNOK 6.3b30.1x32.5x1x
Mon, 16 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Wed, 11 Feb 2026NOK 181.6bNOK 217.4bNOK 10.9b12.4x16.7x0.8x
Fri, 09 Jan 2026NOK 163.3bNOK 217.4bNOK 11.0b11.5x14.8x0.8x
Sun, 07 Dec 2025NOK 150.6bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Tue, 04 Nov 2025NOK 139.2bNOK 217.4bNOK 11.0b10.1x12.7x0.6x
Thu, 02 Oct 2025NOK 140.2bNOK 216.9bNOK 9.7b11.3x14.4x0.6x
Sat, 30 Aug 2025NOK 133.4bNOK 217.0bNOK 9.8b10x13.6x0.6x
Mon, 28 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Wed, 25 Jun 2025NOK 114.7bNOK 214.8bNOK 10.0b9.2x11.5x0.5x
Fri, 23 May 2025NOK 115.5bNOK 214.8bNOK 9.9b9.2x11.6x0.5x
Sun, 20 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Tue, 18 Mar 2025NOK 141.0bNOK 205.3bNOK 6.0b15.2x23.5x0.7x
Thu, 13 Feb 2025NOK 135.2bNOK 197.2bNOK 1.7b51.2x81.1x0.7x
Sat, 11 Jan 2025NOK 132.9bNOK 197.2bNOK 1.8b50.2x74.6x0.7x
Mon, 09 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Wed, 06 Nov 2024NOK 145.6bNOK 197.3bNOK 1.8b54.8x79.2x0.7x
Fri, 04 Oct 2024NOK 140.3bNOK 191.9bNOK 669.6m353.9x209.4x0.7x
Sun, 01 Sep 2024NOK 124.1bNOK 191.9bNOK 669.6m312.6x185.3x0.6x
Tue, 30 Jul 2024NOK 124.9bNOK 191.7bNOK 642.5m315.3x194.4x0.7x
Thu, 27 Jun 2024NOK 136.4bNOK 194.4bNOK 3.7b22.8x36.8x0.7x
Sat, 25 May 2024NOK 143.6bNOK 194.4bNOK 3.7b23.8x38.7x0.7x
Mon, 22 Apr 2024NOK 147.3bNOK 195.6bNOK 4.0b22.8x36.9x0.8x
Wed, 20 Mar 2024NOK 121.3bNOK 195.6bNOK 4.0b19.1x30.4x0.6x
Fri, 16 Feb 2024NOK 117.3bNOK 200.0bNOK 4.1b18.3x28.8x0.6x
Sun, 14 Jan 2024NOK 133.5bNOK 192.6bNOK 6.8b12.5x19.6x0.7x
Tue, 12 Dec 2023NOK 128.9bNOK 192.6bNOK 6.8b12.3x18.9x0.7x
Thu, 09 Nov 2023NOK 130.7bNOK 192.4bNOK 6.7b12.3x19.4x0.7x
Sat, 07 Oct 2023NOK 127.9bNOK 200.1bNOK 14.0b6.6x9.2x0.6x
Mon, 04 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Wed, 02 Aug 2023NOK 139.0bNOK 200.1bNOK 14.1b6.9x9.9x0.7x
Fri, 30 Jun 2023NOK 133.9bNOK 211.2bNOK 20.2b5.1x6.6x0.6x
Price to Earnings Ratio

6.6x


Total Market Cap: NOK 133.9bTotal Earnings: NOK 20.2bTotal Revenue: NOK 211.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 41.6x202420252026
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 35% 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-0.87%
Materials-5.38%
Metals and Mining-5.25%
Gold0%0
Steel0%0
Aluminum-5.25%
Diversified Metals and Mining-5.82%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.2x.
    • Analysts are expecting annual earnings growth of 21.3%, 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
No data available

Latest News

NOM
NOK 7.45
Nordic Mining
7D
-5.7%
1Y
-67.3%
NHY
NOK 101.85
Norsk Hydro
7D
-7.2%
1Y
83.3%
Narrative Update • Jun 16

NHY: Mixed Rating Shifts And Dividend Plans Will Shape Future Risk Reward

Analysts have lifted the fair value estimate for Norsk Hydro to NOK 108.29 from NOK 104.18, broadly in line with recent Street price target increases into the NOK 110 to NOK 120 range and reflecting updated assumptions around discount rates, profit margins and forward P/E multiples. Analyst Commentary Recent Street research on Norsk Hydro points to a mixed but relatively balanced view, with several price targets in the NOK 110 to NOK 120 range and a cluster of Hold or Neutral ratings around the current valuation.
GEM
NOK 1.20
Green Minerals
7D
-4.8%
1Y
-48.3%
AKOBO
NOK 1.46
Akobo Minerals
7D
-3.0%
1Y
13.7%