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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies5
  • 7D3.0%
  • 3M-17.9%
  • 1Y43.3%
  • YTD10.7%

In the last week, the Metals and Mining industry is up 3.0%, with Norsk Hydro up 3.1%. Meanwhile, Nordic Mining actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 43%. 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, 15 Jul 2026NOK 176.0bNOK 201.3bNOK 5.4b28.6x32.5x0.9x
Fri, 12 Jun 2026NOK 218.7bNOK 201.3bNOK 5.5b35.6x39.8x1.1x
Sun, 10 May 2026NOK 205.9bNOK 201.3bNOK 5.7b33.4x36.3x1x
Tue, 07 Apr 2026NOK 206.1bNOK 209.5bNOK 6.6b19.8x31.3x1x
Thu, 05 Mar 2026NOK 184.8bNOK 209.5bNOK 6.6b18.2x28.1x0.9x
Sat, 31 Jan 2026NOK 175.1bNOK 217.4bNOK 11.0b12.1x15.9x0.8x
Mon, 29 Dec 2025NOK 158.9bNOK 217.4bNOK 11.0b11.3x14.4x0.7x
Wed, 26 Nov 2025NOK 145.8bNOK 217.4bNOK 11.0b10.1x13.2x0.7x
Fri, 24 Oct 2025NOK 144.2bNOK 216.9bNOK 9.7b11.3x14.8x0.7x
Sun, 21 Sep 2025NOK 135.3bNOK 216.9bNOK 9.7b11x13.9x0.6x
Tue, 19 Aug 2025NOK 132.4bNOK 217.0bNOK 9.9b10.2x13.4x0.6x
Thu, 17 Jul 2025NOK 124.1bNOK 214.8bNOK 10.0b9.5x12.4x0.6x
Sat, 14 Jun 2025NOK 114.5bNOK 214.8bNOK 9.9b9.3x11.5x0.5x
Mon, 12 May 2025NOK 117.7bNOK 214.8bNOK 9.9b9.4x11.9x0.5x
Wed, 09 Apr 2025NOK 111.6bNOK 205.3bNOK 6.0b12.6x18.6x0.5x
Fri, 07 Mar 2025NOK 146.3bNOK 205.3bNOK 6.0b15.7x24.4x0.7x
Sun, 02 Feb 2025NOK 137.7bNOK 197.2bNOK 1.8b52.1x77.4x0.7x
Tue, 31 Dec 2024NOK 130.1bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Thu, 28 Nov 2024NOK 141.7bNOK 197.2bNOK 1.8b53.5x79.6x0.7x
Sat, 26 Oct 2024NOK 142.3bNOK 197.3bNOK 1.8b53.5x78.2x0.7x
Mon, 23 Sep 2024NOK 128.8bNOK 191.9bNOK 669.6m325.3x192.4x0.7x
Wed, 21 Aug 2024NOK 124.2bNOK 191.7bNOK 643.0m314x193.2x0.6x
Fri, 19 Jul 2024NOK 136.3bNOK 194.4bNOK 3.7b22.6x36.7x0.7x
Sun, 16 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.4x36.5x0.7x
Tue, 14 May 2024NOK 141.6bNOK 194.6bNOK 3.7b24x38.5x0.7x
Thu, 11 Apr 2024NOK 142.7bNOK 195.6bNOK 4.0b22.2x35.8x0.7x
Sat, 09 Mar 2024NOK 116.6bNOK 195.6bNOK 4.0b18.3x29.2x0.6x
Mon, 05 Feb 2024NOK 127.4bNOK 192.6bNOK 6.8b12.1x18.7x0.7x
Wed, 03 Jan 2024NOK 142.5bNOK 192.6bNOK 6.8b13.4x20.9x0.7x
Fri, 01 Dec 2023NOK 131.6bNOK 192.6bNOK 6.8b12.5x19.3x0.7x
Sun, 29 Oct 2023NOK 126.9bNOK 192.4bNOK 6.7b11.8x18.8x0.7x
Tue, 26 Sep 2023NOK 131.7bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Thu, 24 Aug 2023NOK 123.8bNOK 200.1bNOK 14.0b6.3x8.8x0.6x
Sat, 22 Jul 2023NOK 128.9bNOK 211.2bNOK 20.2b5.1x6.4x0.6x
Price to Earnings Ratio

6.4x


Total Market Cap: NOK 128.9bTotal Earnings: NOK 20.2bTotal Revenue: NOK 211.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.1x202420252026
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 32.5x which is lower than its 3-year average PE of 42.1x.
  • 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 35% 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 Market1.38%
Materials4.28%
Metals and Mining3.03%
Aluminum3.13%
Copper0%0
Gold0%0
Steel0%0
Diversified Metals and Mining-11.92%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.7x.
    • Analysts are expecting annual earnings growth of 21.0%, 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 88.983.1%
+NOK 5.3b		46.3%PE28.6x
AKOBO Akobo MineralsNOK 1.432.9%
+NOK 9.2m		43.3%PS5.5x

Latest News

NHY
NOK 88.98
Norsk Hydro
7D
3.1%
1Y
46.3%
AKOBO
NOK 1.43
Akobo Minerals
7D
2.9%
1Y
43.3%
NOM
NOK 4.84
Nordic Mining
7D
-12.2%
1Y
-79.0%
GEM
NOK 1.12
Green Minerals
7D
-5.1%
1Y
-64.7%