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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies4
  • 7D6.0%
  • 3M31.9%
  • 1Y99.2%
  • YTD35.4%

All of the companies in the Metals and Mining industry have been up over the last week, with the industry up 3.1%. In the last 12 months, the industry was up 99%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026NOK 218.3bNOK 209.5bNOK 6.6b20.8x33.2x1x
Mon, 09 Mar 2026NOK 182.3bNOK 209.5bNOK 6.6b18x27.7x0.9x
Wed, 04 Feb 2026NOK 177.9bNOK 217.4bNOK 11.0b12.3x16.2x0.8x
Fri, 02 Jan 2026NOK 159.6bNOK 217.4bNOK 11.0b11.4x14.5x0.7x
Sun, 30 Nov 2025NOK 147.4bNOK 217.4bNOK 11.0b10.2x13.4x0.7x
Tue, 28 Oct 2025NOK 139.0bNOK 217.4bNOK 11.1b10.1x12.5x0.6x
Thu, 25 Sep 2025NOK 137.2bNOK 216.9bNOK 9.7b11.1x14.1x0.6x
Sat, 23 Aug 2025NOK 135.0bNOK 217.0bNOK 9.8b10.5x13.8x0.6x
Mon, 21 Jul 2025NOK 125.5bNOK 214.8bNOK 10.0b9.6x12.6x0.6x
Wed, 18 Jun 2025NOK 116.1bNOK 214.8bNOK 9.9b9.4x11.7x0.5x
Fri, 16 May 2025NOK 119.0bNOK 214.8bNOK 9.9b9.4x12x0.6x
Sun, 13 Apr 2025NOK 110.0bNOK 205.3bNOK 6.0b12.5x18.4x0.5x
Tue, 11 Mar 2025NOK 138.3bNOK 205.3bNOK 6.0b15x23.1x0.7x
Thu, 06 Feb 2025NOK 136.5bNOK 197.2bNOK 1.8b51.5x76.7x0.7x
Sat, 04 Jan 2025NOK 130.2bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Mon, 02 Dec 2024NOK 141.5bNOK 197.2bNOK 1.8b53.5x79.4x0.7x
Wed, 30 Oct 2024NOK 143.0bNOK 197.3bNOK 1.8b53.8x78.6x0.7x
Fri, 27 Sep 2024NOK 139.7bNOK 191.9bNOK 669.6m353.2x208.7x0.7x
Sun, 25 Aug 2024NOK 124.3bNOK 191.7bNOK 636.9m314.4x195.2x0.6x
Tue, 23 Jul 2024NOK 132.9bNOK 194.4bNOK 3.7b22.1x35.8x0.7x
Thu, 20 Jun 2024NOK 133.8bNOK 194.4bNOK 3.7b22.3x36.1x0.7x
Sat, 18 May 2024NOK 140.0bNOK 194.4bNOK 3.7b23.3x37.7x0.7x
Mon, 15 Apr 2024NOK 149.1bNOK 195.6bNOK 4.0b23.1x37.4x0.8x
Wed, 13 Mar 2024NOK 118.8bNOK 195.6bNOK 4.0b18.6x29.8x0.6x
Fri, 09 Feb 2024NOK 123.8bNOK 192.6bNOK 6.9b11.8x18x0.6x
Sun, 07 Jan 2024NOK 139.5bNOK 192.6bNOK 6.8b13.1x20.5x0.7x
Tue, 05 Dec 2023NOK 132.0bNOK 192.6bNOK 6.8b12.5x19.4x0.7x
Thu, 02 Nov 2023NOK 131.3bNOK 192.4bNOK 6.7b12.2x19.5x0.7x
Sat, 30 Sep 2023NOK 140.7bNOK 200.1bNOK 14.0b7.2x10.1x0.7x
Mon, 28 Aug 2023NOK 122.0bNOK 200.1bNOK 14.0b6.3x8.7x0.6x
Wed, 26 Jul 2023NOK 135.2bNOK 200.8bNOK 14.1b6.7x9.6x0.7x
Fri, 23 Jun 2023NOK 135.3bNOK 211.2bNOK 20.2b5.1x6.7x0.6x
Sun, 21 May 2023NOK 145.1bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Tue, 18 Apr 2023NOK 166.2bNOK 209.4bNOK 24.7b6.2x6.7x0.8x
Price to Earnings Ratio

6.7x


Total Market Cap: NOK 166.2bTotal Earnings: NOK 24.7bTotal Revenue: NOK 209.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 39.6x202420252026
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 32.3x which is lower than its 3-year average PE of 39.5x.
  • The 3-year average PS ratio of 0.68x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 36% 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 Market-0.88%
Materials3.16%
Metals and Mining5.95%
Aluminum6.04%
Diversified Metals and Mining4.69%
Steel0.26%
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 80.3x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 16.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Steel 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 108.806.0%
+NOK 12.2b		104.4%PE31.8x
NOM Nordic MiningNOK 12.524.7%
+NOK 70.0m		-35.0%PS328x
AKOBO Akobo MineralsNOK 1.8211.7%
+NOK 43.6m		30.0%PE-2x
RANA Rana GruberNOK 78.500.3%
+NOK 7.4m		14.3%PE9.7x
GEM Green MineralsNOK 1.585.0%
+NOK 1.5m		-37.3%PB4.4x

Latest News

NOM
NOK 12.52
Nordic Mining
7D
4.7%
1Y
-35.0%
RANA
NOK 78.50
Rana Gruber
7D
0.3%
1Y
14.3%

RANA: Index Removal And Capacity Production Will Likely Limit Future Upside

Analysts have kept their NOK 68.00 price target on Rana Gruber unchanged, citing broadly steady assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Rana Gruber ASA was removed from the S&P Global BMI Index, which can affect how some index funds and benchmarked portfolios are exposed to the shares (Key Developments).
NHY
NOK 108.80
Norsk Hydro
7D
6.0%
1Y
104.4%

NHY: Extrusion Restructuring And Dividend Will Support Higher Future Earnings Multiples

Norsk Hydro's updated fair value estimate moves to NOK 120 from NOK 110, as analysts factor in slightly higher assumed revenue growth, modestly stronger profit margins, a lower discount rate, and a higher future P/E multiple, supported by a recent series of price target increases and rating upgrades across the Street. Analyst Commentary Recent research on Norsk Hydro shows a mixed set of opinions, but there has been a clear cluster of more constructive views alongside the latest fair value update.
GEM
NOK 1.58
Green Minerals
7D
5.0%
1Y
-37.3%
AKOBO
NOK 1.82
Akobo Minerals
7D
11.7%
1Y
30.0%