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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedAug 22, 2026
DataAggregated Company Financials
Companies5
  • 7D2.4%
  • 3M-17.4%
  • 1Y37.5%
  • YTD14.2%

Over the last 7 days, the Metals and Mining industry has dropped 2.0%, driven by a pullback from Norsk Hydro of 2.0%. This takes the industry's 12 month performance to a gain of 33%. Looking forward, earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Aug 2026NOK 181.6bNOK 204.7bNOK 8.9b18.5x20.4x0.9x
Mon, 20 Jul 2026NOK 168.1bNOK 201.3bNOK 5.4b27.3x31x0.8x
Wed, 17 Jun 2026NOK 203.4bNOK 201.3bNOK 5.5b33.1x37x1x
Fri, 15 May 2026NOK 211.1bNOK 201.3bNOK 5.5b34.3x38.4x1x
Sun, 12 Apr 2026NOK 215.4bNOK 208.0bNOK 6.3b31.8x34.3x1x
Tue, 10 Mar 2026NOK 179.9bNOK 209.5bNOK 6.6b17.8x27.4x0.9x
Thu, 05 Feb 2026NOK 179.5bNOK 217.4bNOK 11.0b12.3x16.3x0.8x
Sat, 03 Jan 2026NOK 162.0bNOK 217.4bNOK 11.0b11.5x14.7x0.7x
Mon, 01 Dec 2025NOK 147.4bNOK 217.4bNOK 11.0b10.2x13.4x0.7x
Wed, 29 Oct 2025NOK 139.7bNOK 217.4bNOK 11.1b10.1x12.5x0.6x
Fri, 26 Sep 2025NOK 135.8bNOK 216.9bNOK 9.7b11.1x14x0.6x
Sun, 24 Aug 2025NOK 135.0bNOK 217.0bNOK 9.8b10.5x13.8x0.6x
Tue, 22 Jul 2025NOK 125.5bNOK 214.8bNOK 10.0b9.8x12.6x0.6x
Thu, 19 Jun 2025NOK 115.0bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Sat, 17 May 2025NOK 118.8bNOK 214.8bNOK 9.9b9.4x12x0.6x
Mon, 14 Apr 2025NOK 110.0bNOK 205.3bNOK 6.0b12.5x18.4x0.5x
Wed, 12 Mar 2025NOK 139.1bNOK 205.3bNOK 6.0b15x23.2x0.7x
Fri, 07 Feb 2025NOK 140.8bNOK 197.2bNOK 1.8b53.3x79.1x0.7x
Sun, 05 Jan 2025NOK 130.2bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Tue, 03 Dec 2024NOK 141.1bNOK 197.2bNOK 1.8b53.4x79.3x0.7x
Thu, 31 Oct 2024NOK 142.7bNOK 197.3bNOK 1.8b53.6x78.4x0.7x
Sat, 28 Sep 2024NOK 142.1bNOK 191.9bNOK 669.6m359x212.2x0.7x
Mon, 26 Aug 2024NOK 124.3bNOK 191.7bNOK 636.9m314.4x195.2x0.6x
Wed, 24 Jul 2024NOK 126.9bNOK 194.4bNOK 3.7b21.2x34.2x0.7x
Fri, 21 Jun 2024NOK 135.8bNOK 194.4bNOK 3.7b22.6x36.6x0.7x
Sun, 19 May 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Tue, 16 Apr 2024NOK 150.3bNOK 195.6bNOK 4.0b23.3x37.7x0.8x
Thu, 14 Mar 2024NOK 120.7bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Sat, 10 Feb 2024NOK 122.0bNOK 192.6bNOK 6.9b11.6x17.8x0.6x
Mon, 08 Jan 2024NOK 139.5bNOK 192.6bNOK 6.8b13.1x20.5x0.7x
Wed, 06 Dec 2023NOK 130.2bNOK 192.6bNOK 6.8b12.4x19.1x0.7x
Fri, 03 Nov 2023NOK 131.5bNOK 192.4bNOK 6.7b12.2x19.5x0.7x
Sun, 01 Oct 2023NOK 140.7bNOK 200.1bNOK 14.0b7.2x10.1x0.7x
Tue, 29 Aug 2023NOK 122.4bNOK 200.1bNOK 14.0b6.3x8.7x0.6x
Price to Earnings Ratio

8.7x


Total Market Cap: NOK 122.4bTotal Earnings: NOK 14.0bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.6x202420252026
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 42.6x.
  • 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 Market0.49%
Materials3.47%
Metals and Mining2.45%
Aluminum2.47%
Copper0%0
Gold0%0
Steel0%0
Diversified Metals and Mining-8.33%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.0x.
    • Analysts are expecting annual earnings growth of 9.5%, 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 9.5% 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 9.5% 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 91.982.5%
+NOK 4.4b		39.7%PE18.5x
AKOBO Akobo MineralsNOK 1.654.8%
+NOK 17.2m		-0.3%PS6.5x
GOLDR Gold Road InternationalNOK 7.863.3%
+NOK 14.3m		n/aPS20.7x
POLAR Polar ResourcesNOK 4.951.8%
+NOK 1.3m		n/aPE-16.7x

Latest News

NOM
NOK 2.43
Nordic Mining
7D
-10.5%
1Y
-86.6%
NHY
NOK 91.98
Norsk Hydro
7D
2.5%
1Y
39.7%
POLAR
NOK 4.95
Polar Resources
7D
1.8%
1Y
n/a
AKOBO
NOK 1.65
Akobo Minerals
7D
4.8%
1Y
-0.3%
GEM
NOK 1.30
Green Minerals
7D
-7.1%
1Y
-42.0%