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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies4
  • 7D2.1%
  • 3M10.3%
  • 1Y8.7%
  • YTD13.9%

Over the last 7 days, the Metals and Mining industry has risen 2.4%, driven by gains from Norsk Hydro of 2.4%. In the same time, Green Minerals was down 22%. This means that the industry has gained 4.8% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 28 May 2023NOK 145.7bNOK 209.3bNOK 24.6b4.8x5.9x0.7x
Tue, 25 Apr 2023NOK 169.0bNOK 209.4bNOK 24.7b6.2x6.8x0.8x
Thu, 23 Mar 2023NOK 154.3bNOK 209.4bNOK 24.7b6.1x6.2x0.7x
Sat, 18 Feb 2023NOK 161.5bNOK 209.4bNOK 24.8b4.7x6.5x0.8x
Mon, 16 Jan 2023NOK 159.7bNOK 211.6bNOK 31.4b5x5.1x0.8x
Wed, 14 Dec 2022NOK 153.8bNOK 211.6bNOK 31.4b4.9x4.9x0.7x
Price to Earnings Ratio

4.9x


Total Market Cap: NOK 153.8bTotal Earnings: NOK 31.4bTotal Revenue: NOK 211.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 37.8x202320242025
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 13.7x which is lower than its 3-year average PE of 37.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 29% 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 Market1.58%
Materials2.89%
Metals and Mining2.15%
Aluminum2.18%
Steel1.50%
Diversified Metals and Mining0.096%
Gold0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 78.7x.
    • Analysts are expecting annual earnings growth of 10.2%, which is lower than the prior year's growth of 719.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 33% 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 73.962.2%
+NOK 3.1b		10.1%PE13.3x
RANA Rana GruberNOK 67.501.5%
+NOK 37.1m		-11.2%PE7.6x
AKOBO Akobo MineralsNOK 2.004.5%
+NOK 19.5m		1.0%PS24.6x
NOM Nordic MiningNOK 15.960.6%
+NOK 10.8m		-35.8%PS477.4x

Latest News

NHY
NOK 73.96
Norsk Hydro
7D
2.2%
1Y
10.1%

NHY: Cost Reductions And Power Investment Will Define Fair Performance Ahead

Norsk Hydro’s analyst price target has risen by NOK 2 to NOK 72.13, as analysts cite improved forecasts for fair value and revenue growth as the main drivers behind this update. Analyst Commentary Recent adjustments to Norsk Hydro’s price target reflect a mix of bullish optimism and cautious perspectives among market analysts.
RANA
NOK 67.50
Rana Gruber
7D
1.5%
1Y
-11.2%

Rana Gruber ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 15
Rana Gruber ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
AKOBO
NOK 2.00
Akobo Minerals
7D
4.5%
1Y
1.0%
NOM
NOK 15.96
Nordic Mining
7D
0.6%
1Y
-35.8%
GEM
NOK 1.52
Green Minerals
7D
-23.0%
1Y
-62.9%