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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies3
  • 7D2.5%
  • 3M29.5%
  • 1Y109.0%
  • YTD44.8%

Over the last 7 days, the Metals and Mining industry has risen 2.5%, driven by gains from Norsk Hydro of 2.5%. Meanwhile, Nordic Mining actually underperformed within the industry, shrinking 7.6% in the last week. This means that the industry has gained 109% over the past year. As for the next few years, earnings are expected to grow by 21% 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 Jun 2026NOK 229.3bNOK 201.3bNOK 5.5b37.3x41.7x1.1x
Tue, 05 May 2026NOK 209.4bNOK 201.3bNOK 5.7b34x36.9x1x
Thu, 02 Apr 2026NOK 206.1bNOK 209.5bNOK 6.6b19.8x31.3x1x
Sat, 28 Feb 2026NOK 177.5bNOK 209.5bNOK 6.6b17.7x27x0.8x
Mon, 26 Jan 2026NOK 174.4bNOK 217.4bNOK 11.0b12.1x15.8x0.8x
Wed, 24 Dec 2025NOK 158.9bNOK 217.4bNOK 11.0b11.3x14.4x0.7x
Fri, 21 Nov 2025NOK 144.4bNOK 217.4bNOK 11.0b10.1x13.1x0.7x
Sun, 19 Oct 2025NOK 142.1bNOK 216.9bNOK 9.7b11.2x14.6x0.7x
Tue, 16 Sep 2025NOK 138.1bNOK 216.9bNOK 9.7b11.2x14.2x0.6x
Thu, 14 Aug 2025NOK 135.0bNOK 217.0bNOK 9.9b10.4x13.6x0.6x
Sat, 12 Jul 2025NOK 126.4bNOK 214.8bNOK 10.0b9.7x12.7x0.6x
Mon, 09 Jun 2025NOK 112.8bNOK 214.8bNOK 9.9b9.2x11.3x0.5x
Wed, 07 May 2025NOK 114.3bNOK 214.8bNOK 9.9b9.4x11.6x0.5x
Fri, 04 Apr 2025NOK 116.9bNOK 205.3bNOK 6.0b13x19.5x0.6x
Sun, 02 Mar 2025NOK 136.2bNOK 205.3bNOK 6.0b14.9x22.7x0.7x
Tue, 28 Jan 2025NOK 137.1bNOK 197.2bNOK 1.8b50.7x77x0.7x
Thu, 26 Dec 2024NOK 130.1bNOK 197.2bNOK 1.8b49.1x73.1x0.7x
Sat, 23 Nov 2024NOK 147.8bNOK 197.2bNOK 1.8b55.8x83x0.7x
Mon, 21 Oct 2024NOK 142.8bNOK 191.9bNOK 669.6m360.8x213.2x0.7x
Wed, 18 Sep 2024NOK 127.1bNOK 191.9bNOK 669.6m320.7x189.7x0.7x
Fri, 16 Aug 2024NOK 119.7bNOK 191.7bNOK 643.0m302.2x186.1x0.6x
Sun, 14 Jul 2024NOK 143.4bNOK 194.4bNOK 3.7b23.7x38.6x0.7x
Tue, 11 Jun 2024NOK 141.3bNOK 194.4bNOK 3.7b23.6x38.1x0.7x
Thu, 09 May 2024NOK 137.9bNOK 194.6bNOK 3.7b23.4x37.5x0.7x
Sat, 06 Apr 2024NOK 139.5bNOK 195.6bNOK 4.0b21.7x35x0.7x
Mon, 04 Mar 2024NOK 114.7bNOK 195.6bNOK 4.0b18.1x28.7x0.6x
Wed, 31 Jan 2024NOK 128.4bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Fri, 29 Dec 2023NOK 143.4bNOK 192.6bNOK 6.8b13.4x21.1x0.7x
Sun, 26 Nov 2023NOK 135.9bNOK 192.6bNOK 6.8b12.8x20x0.7x
Tue, 24 Oct 2023NOK 118.9bNOK 200.1bNOK 14.0b6.3x8.5x0.6x
Thu, 21 Sep 2023NOK 133.7bNOK 200.1bNOK 14.0b6.9x9.6x0.7x
Sat, 19 Aug 2023NOK 124.4bNOK 200.1bNOK 14.0b6.3x8.9x0.6x
Mon, 17 Jul 2023NOK 135.5bNOK 211.2bNOK 20.2b5.2x6.7x0.6x
Wed, 14 Jun 2023NOK 150.6bNOK 209.3bNOK 24.6b4.9x6.1x0.7x
Price to Earnings Ratio

6.1x


Total Market Cap: NOK 150.6bTotal Earnings: NOK 24.6bTotal Revenue: NOK 209.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 41.2x202420252026
Current Industry PE
    There are only 3 companies in the Norwegian Metals and Mining industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 39% 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 Market0.24%
Materials0.97%
Metals and Mining2.46%
Aluminum2.52%
Gold0%0
Steel0%0
Diversified Metals and Mining-7.49%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.8x.
    • Analysts are expecting annual earnings growth of 21.3%, 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 116.052.5%
+NOK 5.6b		113.6%PE37.3x

Latest News

NHY
NOK 116.05
Norsk Hydro
7D
2.5%
1Y
113.6%
Narrative Update • Jun 02

NHY: Future Aluminum Price Optimism Will Likely Outrun Earnings Delivery Risks

The analyst fair value estimate for Norsk Hydro has been revised from NOK 50.26 to NOK 69.52. Analysts cite a series of recent price target increases, upgrades and conviction list additions as they factor in updated expectations for revenue growth, profit margins and a higher future P/E multiple.
NOM
NOK 9.92
Nordic Mining
7D
-7.6%
1Y
-57.5%
AKOBO
NOK 1.58
Akobo Minerals
7D
-3.4%
1Y
92.5%