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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 03, 2026
DataAggregated Company Financials
Companies4
  • 7D0.6%
  • 3M-18.3%
  • 1Y38.1%
  • YTD7.9%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Gold Road International declined by 9.2%. As for the the longer term, the industry is up 38% over the past 12 months. 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
Mon, 03 Aug 2026NOK 171.6bNOK 204.7bNOK 9.1b17.4x18.9x0.8x
Wed, 01 Jul 2026NOK 177.4bNOK 201.3bNOK 5.5b28.8x32.3x0.9x
Fri, 29 May 2026NOK 224.9bNOK 201.3bNOK 5.5b36.5x40.9x1.1x
Sun, 26 Apr 2026NOK 215.3bNOK 209.5bNOK 6.6b20.5x32.7x1x
Tue, 24 Mar 2026NOK 175.9bNOK 209.5bNOK 6.6b17.6x26.8x0.8x
Thu, 19 Feb 2026NOK 168.9bNOK 209.5bNOK 6.6b17x25.7x0.8x
Sat, 17 Jan 2026NOK 170.0bNOK 217.4bNOK 11.0b11.9x15.4x0.8x
Mon, 15 Dec 2025NOK 154.4bNOK 217.4bNOK 11.0b10.7x14x0.7x
Wed, 12 Nov 2025NOK 146.1bNOK 217.4bNOK 11.0b10.5x13.3x0.7x
Fri, 10 Oct 2025NOK 142.2bNOK 216.9bNOK 9.7b11.3x14.6x0.7x
Sun, 07 Sep 2025NOK 136.5bNOK 217.0bNOK 9.8b10.1x13.9x0.6x
Tue, 05 Aug 2025NOK 127.4bNOK 217.0bNOK 9.9b10x12.9x0.6x
Thu, 03 Jul 2025NOK 123.1bNOK 214.8bNOK 10.0b9.5x12.3x0.6x
Sat, 31 May 2025NOK 115.9bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Mon, 28 Apr 2025NOK 116.7bNOK 205.3bNOK 6.0b13.3x19.5x0.6x
Wed, 26 Mar 2025NOK 136.6bNOK 205.3bNOK 6.0b14.8x22.8x0.7x
Fri, 21 Feb 2025NOK 139.2bNOK 205.3bNOK 6.0b15.2x23.2x0.7x
Sun, 19 Jan 2025NOK 141.1bNOK 197.2bNOK 1.8b53.4x79.2x0.7x
Tue, 17 Dec 2024NOK 133.9bNOK 197.2bNOK 1.8b50.6x75.2x0.7x
Thu, 14 Nov 2024NOK 133.7bNOK 197.3bNOK 1.8b50.4x73x0.7x
Sat, 12 Oct 2024NOK 145.7bNOK 191.9bNOK 669.6m368.2x217.5x0.8x
Mon, 09 Sep 2024NOK 115.9bNOK 191.9bNOK 669.6m292x173x0.6x
Wed, 07 Aug 2024NOK 115.9bNOK 191.7bNOK 642.5m292.3x180.5x0.6x
Fri, 05 Jul 2024NOK 140.3bNOK 194.4bNOK 3.7b23.4x37.8x0.7x
Sun, 02 Jun 2024NOK 147.9bNOK 194.4bNOK 3.7b24.5x39.9x0.8x
Tue, 30 Apr 2024NOK 145.8bNOK 194.6bNOK 3.7b24.6x39.8x0.7x
Thu, 28 Mar 2024NOK 124.2bNOK 195.6bNOK 4.0b19.6x31.1x0.6x
Sat, 24 Feb 2024NOK 117.2bNOK 195.6bNOK 4.0b18.4x29.4x0.6x
Mon, 22 Jan 2024NOK 124.3bNOK 192.6bNOK 6.8b11.8x18.3x0.6x
Wed, 20 Dec 2023NOK 140.3bNOK 192.6bNOK 6.8b13.2x20.6x0.7x
Fri, 17 Nov 2023NOK 134.6bNOK 192.4bNOK 6.7b12.8x20x0.7x
Sun, 15 Oct 2023NOK 128.4bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Tue, 12 Sep 2023NOK 127.9bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Thu, 10 Aug 2023NOK 135.2bNOK 200.1bNOK 14.1b6.7x9.6x0.7x
Price to Earnings Ratio

9.6x


Total Market Cap: NOK 135.2bTotal Earnings: NOK 14.1bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.4x202420252026
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 18.9x which is lower than its 3-year average PE of 42.4x.
  • 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 Market1.41%
Materials1.23%
Metals and Mining0.61%
Diversified Metals and Mining8.53%
Aluminum0.60%
Copper0%0
Gold0%0
Steel0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.9x.
    • 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 86.660.6%
+NOK 1.0b		40.8%PE17.4x
NOM Nordic MiningNOK 6.408.7%
+NOK 63.8m		-71.9%PS88.2x
GEM Green MineralsNOK 1.194.4%
+NOK 1.0m		-52.4%PB3.3x

Latest News

NHY
NOK 86.66
Norsk Hydro
7D
0.6%
1Y
40.8%
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 1.47
Akobo Minerals
7D
-4.2%
1Y
53.8%
NOM
NOK 6.40
Nordic Mining
7D
8.7%
1Y
-71.9%
GEM
NOK 1.19
Green Minerals
7D
4.4%
1Y
-52.4%