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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies3
  • 7D0.2%
  • 3M24.3%
  • 1Y78.7%
  • YTD30.3%

The Metals and Mining industry is up 1.0% in the last week, with Norsk Hydro up 1.1%. In the same time, Nordic Mining was down 12%. This means that the industry has gained 84% over the past year. 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
Wed, 20 May 2026NOK 206.4bNOK 201.3bNOK 5.5b33.5x37.5x1x
Fri, 17 Apr 2026NOK 214.9bNOK 208.0bNOK 6.3b31.8x34.3x1x
Sun, 15 Mar 2026NOK 193.2bNOK 209.5bNOK 6.6b18.9x29.4x0.9x
Tue, 10 Feb 2026NOK 181.4bNOK 217.4bNOK 10.9b12.4x16.7x0.8x
Thu, 08 Jan 2026NOK 166.2bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Sat, 06 Dec 2025NOK 150.6bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Mon, 03 Nov 2025NOK 139.6bNOK 217.4bNOK 11.0b10.2x12.7x0.6x
Wed, 01 Oct 2025NOK 137.9bNOK 216.9bNOK 9.7b11.1x14.2x0.6x
Fri, 29 Aug 2025NOK 134.8bNOK 217.0bNOK 9.8b10.2x13.7x0.6x
Sun, 27 Jul 2025NOK 131.5bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Tue, 24 Jun 2025NOK 114.3bNOK 214.8bNOK 9.9b9.2x11.5x0.5x
Thu, 22 May 2025NOK 118.4bNOK 214.8bNOK 9.9b9.4x12x0.6x
Sat, 19 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Mon, 17 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Wed, 12 Feb 2025NOK 135.2bNOK 197.2bNOK 1.8b51.2x75.9x0.7x
Fri, 10 Jan 2025NOK 133.2bNOK 197.2bNOK 1.8b50.4x74.8x0.7x
Sun, 08 Dec 2024NOK 139.1bNOK 197.2bNOK 1.8b52.6x78.1x0.7x
Tue, 05 Nov 2024NOK 144.3bNOK 197.3bNOK 1.8b54.3x79.3x0.7x
Thu, 03 Oct 2024NOK 142.5bNOK 191.9bNOK 669.6m359.9x212.8x0.7x
Sat, 31 Aug 2024NOK 124.1bNOK 191.9bNOK 669.6m312.6x185.3x0.6x
Mon, 29 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Wed, 26 Jun 2024NOK 135.1bNOK 194.4bNOK 3.7b22.6x36.4x0.7x
Fri, 24 May 2024NOK 143.0bNOK 194.4bNOK 3.7b23.8x38.5x0.7x
Sun, 21 Apr 2024NOK 147.3bNOK 195.6bNOK 4.0b22.8x36.9x0.8x
Tue, 19 Mar 2024NOK 121.4bNOK 195.6bNOK 4.0b19x30.4x0.6x
Thu, 15 Feb 2024NOK 117.7bNOK 192.6bNOK 6.9b11.4x17.1x0.6x
Sat, 13 Jan 2024NOK 133.5bNOK 192.6bNOK 6.8b12.5x19.6x0.7x
Mon, 11 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Wed, 08 Nov 2023NOK 129.3bNOK 192.4bNOK 6.7b12.1x19.2x0.7x
Fri, 06 Oct 2023NOK 129.9bNOK 200.1bNOK 14.0b6.7x9.3x0.6x
Sun, 03 Sep 2023NOK 128.9bNOK 200.1bNOK 14.0b6.5x9.2x0.6x
Tue, 01 Aug 2023NOK 139.1bNOK 200.1bNOK 14.1b6.9x9.9x0.7x
Thu, 29 Jun 2023NOK 132.4bNOK 211.2bNOK 20.2b5.1x6.6x0.6x
Sat, 27 May 2023NOK 145.7bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Price to Earnings Ratio

5.9x


Total Market Cap: NOK 145.7bTotal Earnings: NOK 24.6bTotal Revenue: NOK 209.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 40.6x202420252026
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 39% 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 Market3.21%
Materials-0.46%
Metals and Mining0.24%
Diversified Metals and Mining0.92%
Aluminum0.24%
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 81.3x.
    • Analysts are expecting annual earnings growth of 20.6%, 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
NHY Norsk HydroNOK 104.350.2%
+NOK 491.3m		81.7%PE33.5x
NOM Nordic MiningNOK 10.101.0%
+NOK 12.5m		-51.6%PS139.1x

Latest News

NHY
NOK 104.35
Norsk Hydro
7D
0.2%
1Y
81.7%
Narrative Update • May 16

NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating

Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.
NOM
NOK 10.10
Nordic Mining
7D
1.0%
1Y
-51.6%
GEM
NOK 1.20
Green Minerals
7D
-3.2%
1Y
-53.7%