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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies4
  • 7D3.9%
  • 3M-18.0%
  • 1Y37.0%
  • YTD9.9%

Over the last 7 days, the Metals and Mining industry has dropped 1.9%, driven by Norsk Hydro declining 2.0%. On the other hand Nordic Mining is actually up 24%. This takes the industry's 12 month performance to a gain of 33%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jul 2026NOK 174.7bNOK 204.7bNOK 9.1b17.8x19.3x0.9x
Sun, 21 Jun 2026NOK 201.1bNOK 201.3bNOK 5.5b32.7x36.6x1x
Tue, 19 May 2026NOK 210.0bNOK 201.3bNOK 5.5b34.1x38.2x1x
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
Price to Earnings Ratio

9.7x


Total Market Cap: NOK 136.7bTotal 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 42.3x202420252026
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 18.7x which is lower than its 3-year average PE of 42.3x.
  • 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 Market4.64%
Materials2.78%
Metals and Mining3.88%
Diversified Metals and Mining25.44%
Aluminum3.79%
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 82.8x.
    • Analysts are expecting annual earnings growth of 14.6%, 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 15% 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 15% 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 88.283.8%
+NOK 6.3b		39.8%PE17.8x
NOM Nordic MiningNOK 5.6626.2%
+NOK 147.0m		-76.2%PS78x
GOLDR Gold Road InternationalNOK 8.909.9%
+NOK 46.0m		n/aPS22.7x
AKOBO Akobo MineralsNOK 1.554.0%
+NOK 13.8m		72.2%PS6.1x
GEM Green MineralsNOK 1.156.0%
+NOK 1.3m		-55.4%PB3.2x

Latest News

NHY
NOK 88.28
Norsk Hydro
7D
3.8%
1Y
39.8%
AKOBO
NOK 1.55
Akobo Minerals
7D
4.0%
1Y
72.2%
NOM
NOK 5.66
Nordic Mining
7D
26.2%
1Y
-76.2%
GEM
NOK 1.15
Green Minerals
7D
6.0%
1Y
-55.4%