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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%

The Metals and Mining industry is up 2.4% in the last week, with Norsk Hydro up 2.5%. Meanwhile, Nordic Mining actually underperformed within the industry, shrinking 10% in the last week. In the last 12 months, the industry was up 37%. As for the next few years, earnings are expected to grow by 9.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026NOK 181.6bNOK 204.7bNOK 8.9b18.5x20.4x0.9x
Tue, 21 Jul 2026NOK 163.7bNOK 201.3bNOK 5.4b26.6x30.2x0.8x
Thu, 18 Jun 2026NOK 202.8bNOK 201.3bNOK 5.5b33x36.9x1x
Sat, 16 May 2026NOK 209.0bNOK 201.3bNOK 5.5b34x38x1x
Mon, 13 Apr 2026NOK 215.4bNOK 208.0bNOK 6.3b31.8x34.3x1x
Wed, 11 Mar 2026NOK 180.3bNOK 209.5bNOK 6.6b17.9x27.4x0.9x
Fri, 06 Feb 2026NOK 175.6bNOK 217.4bNOK 10.9b12.2x16.1x0.8x
Sun, 04 Jan 2026NOK 162.0bNOK 217.4bNOK 11.0b11.5x14.7x0.7x
Tue, 02 Dec 2025NOK 147.9bNOK 217.4bNOK 11.0b10.3x13.4x0.7x
Thu, 30 Oct 2025NOK 140.2bNOK 217.4bNOK 11.1b10.2x12.6x0.6x
Sat, 27 Sep 2025NOK 134.3bNOK 216.9bNOK 9.7b11x13.8x0.6x
Mon, 25 Aug 2025NOK 135.0bNOK 217.0bNOK 9.8b10.5x13.8x0.6x
Wed, 23 Jul 2025NOK 131.3bNOK 216.7bNOK 9.9b10.1x13.3x0.6x
Fri, 20 Jun 2025NOK 114.3bNOK 214.8bNOK 9.9b9.2x11.5x0.5x
Sun, 18 May 2025NOK 118.8bNOK 214.8bNOK 9.9b9.4x12x0.6x
Tue, 15 Apr 2025NOK 111.7bNOK 205.3bNOK 6.0b12.7x18.6x0.5x
Thu, 13 Mar 2025NOK 136.6bNOK 205.3bNOK 6.0b14.8x22.8x0.7x
Sat, 08 Feb 2025NOK 139.3bNOK 197.2bNOK 1.8b52.7x78.2x0.7x
Mon, 06 Jan 2025NOK 130.2bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Wed, 04 Dec 2024NOK 142.5bNOK 197.2bNOK 1.8b53.9x80x0.7x
Fri, 01 Nov 2024NOK 142.7bNOK 197.3bNOK 1.8b53.6x78.4x0.7x
Sun, 29 Sep 2024NOK 142.1bNOK 191.9bNOK 669.6m359x212.2x0.7x
Tue, 27 Aug 2024NOK 125.9bNOK 191.7bNOK 636.9m318.1x197.7x0.7x
Thu, 25 Jul 2024NOK 127.2bNOK 191.4bNOK 642.5m321.1x197.9x0.7x
Sat, 22 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.6x36.5x0.7x
Mon, 20 May 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Wed, 17 Apr 2024NOK 150.3bNOK 195.6bNOK 4.0b23.3x37.7x0.8x
Fri, 15 Mar 2024NOK 120.1bNOK 195.6bNOK 4.0b18.8x30.1x0.6x
Sun, 11 Feb 2024NOK 122.0bNOK 192.6bNOK 6.9b11.6x17.8x0.6x
Tue, 09 Jan 2024NOK 138.1bNOK 192.6bNOK 6.8b12.9x20.3x0.7x
Thu, 07 Dec 2023NOK 132.4bNOK 192.6bNOK 6.8b12.5x19.5x0.7x
Sat, 04 Nov 2023NOK 132.0bNOK 192.4bNOK 6.7b12.3x19.6x0.7x
Mon, 02 Oct 2023NOK 140.7bNOK 200.1bNOK 14.0b7.2x10.1x0.7x
Wed, 30 Aug 2023NOK 124.6bNOK 200.1bNOK 14.0b6.4x8.9x0.6x
Price to Earnings Ratio

8.9x


Total Market Cap: NOK 124.6bTotal 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 20.4x 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 83.1x.
    • 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%