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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies4
  • 7D5.8%
  • 3M-16.4%
  • 1Y40.5%
  • YTD11.3%

In the last week, the Metals and Mining industry is up 5.8%, with Norsk Hydro up 5.9%. During this same period, the Gold Road International underperformed, falling 15%. In the last 12 months, the industry was up 41%. Looking forward, 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
Wed, 05 Aug 2026NOK 177.0bNOK 204.7bNOK 9.1b18x19.5x0.9x
Fri, 03 Jul 2026NOK 170.6bNOK 201.3bNOK 5.5b27.7x31x0.8x
Sun, 31 May 2026NOK 223.8bNOK 201.3bNOK 5.5b36.4x40.7x1.1x
Tue, 28 Apr 2026NOK 212.3bNOK 209.5bNOK 6.6b20.3x32.3x1x
Thu, 26 Mar 2026NOK 184.4bNOK 209.5bNOK 6.6b18.2x28x0.9x
Sat, 21 Feb 2026NOK 172.0bNOK 209.5bNOK 6.6b17.2x26.2x0.8x
Mon, 19 Jan 2026NOK 170.0bNOK 217.4bNOK 11.0b11.9x15.4x0.8x
Wed, 17 Dec 2025NOK 154.7bNOK 217.4bNOK 11.0b10.7x14.1x0.7x
Fri, 14 Nov 2025NOK 151.3bNOK 217.4bNOK 11.0b10.9x13.8x0.7x
Sun, 12 Oct 2025NOK 139.4bNOK 216.9bNOK 9.7b11.1x14.3x0.6x
Tue, 09 Sep 2025NOK 134.5bNOK 217.0bNOK 9.8b10x13.7x0.6x
Thu, 07 Aug 2025NOK 129.2bNOK 217.0bNOK 9.9b10.1x13.1x0.6x
Sat, 05 Jul 2025NOK 121.5bNOK 214.8bNOK 10.0b9.4x12.2x0.6x
Mon, 02 Jun 2025NOK 115.9bNOK 214.8bNOK 9.9b9.3x11.7x0.5x
Wed, 30 Apr 2025NOK 114.3bNOK 205.3bNOK 6.0b13.1x19.1x0.6x
Fri, 28 Mar 2025NOK 129.5bNOK 205.3bNOK 6.0b14.1x21.6x0.6x
Sun, 23 Feb 2025NOK 136.6bNOK 205.3bNOK 6.0b14.9x22.8x0.7x
Tue, 21 Jan 2025NOK 142.6bNOK 197.2bNOK 1.8b53.9x80.1x0.7x
Thu, 19 Dec 2024NOK 132.2bNOK 197.2bNOK 1.8b49.9x74.2x0.7x
Sat, 16 Nov 2024NOK 146.0bNOK 197.2bNOK 1.8b55.1x82x0.7x
Mon, 14 Oct 2024NOK 145.7bNOK 191.9bNOK 669.6m368.2x217.5x0.8x
Wed, 11 Sep 2024NOK 115.8bNOK 191.9bNOK 669.6m291.7x173x0.6x
Fri, 09 Aug 2024NOK 116.6bNOK 191.7bNOK 642.5m294x181.5x0.6x
Sun, 07 Jul 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Tue, 04 Jun 2024NOK 148.0bNOK 194.4bNOK 3.7b24.5x39.9x0.8x
Thu, 02 May 2024NOK 143.9bNOK 194.6bNOK 3.7b24.3x39.2x0.7x
Sat, 30 Mar 2024NOK 124.2bNOK 195.6bNOK 4.0b19.6x31.1x0.6x
Mon, 26 Feb 2024NOK 117.2bNOK 195.6bNOK 4.0b18.4x29.4x0.6x
Wed, 24 Jan 2024NOK 131.6bNOK 192.6bNOK 6.8b12.4x19.3x0.7x
Fri, 22 Dec 2023NOK 137.1bNOK 192.6bNOK 6.8b12.9x20.1x0.7x
Sun, 19 Nov 2023NOK 135.9bNOK 192.6bNOK 6.8b12.8x20x0.7x
Tue, 17 Oct 2023NOK 130.4bNOK 200.1bNOK 14.0b6.8x9.3x0.7x
Thu, 14 Sep 2023NOK 128.1bNOK 200.1bNOK 14.0b6.7x9.2x0.6x
Sat, 12 Aug 2023NOK 134.7bNOK 200.1bNOK 14.1b6.7x9.6x0.7x
Price to Earnings Ratio

9.6x


Total Market Cap: NOK 134.7bTotal 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 19.5x 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 Market1.04%
Materials1.87%
Metals and Mining5.77%
Aluminum5.89%
Copper0%0
Gold0%0
Steel0%0
Diversified Metals and Mining-7.84%
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 91.046.9%
+NOK 11.6b		45.2%PE18.3x
AKOBO Akobo MineralsNOK 1.522.4%
+NOK 8.0m		52.0%PS5.9x
GEM Green MineralsNOK 1.5025.0%
+NOK 6.1m		-43.8%PB4.2x

Latest News

NHY
NOK 91.04
Norsk Hydro
7D
6.9%
1Y
45.2%
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 1.52
Akobo Minerals
7D
2.4%
1Y
52.0%
NOM
NOK 4.87
Nordic Mining
7D
-19.2%
1Y
-78.5%
GEM
NOK 1.50
Green Minerals
7D
25.0%
1Y
-43.8%