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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies4
  • 7D0.4%
  • 3M13.9%
  • 1Y23.2%
  • YTD20.7%

The Metals and Mining industry has stayed flat over the last week. The past year has been better, since the industry has gained 22% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025NOK 159.6bNOK 217.4bNOK 11.0b11.4x14.5x0.7x
Fri, 28 Nov 2025NOK 147.0bNOK 217.4bNOK 11.0b10.2x13.3x0.7x
Sun, 26 Oct 2025NOK 139.2bNOK 217.4bNOK 11.1b10.1x12.5x0.6x
Tue, 23 Sep 2025NOK 135.5bNOK 216.9bNOK 9.7b11x13.9x0.6x
Thu, 21 Aug 2025NOK 133.9bNOK 217.0bNOK 9.8b10.4x13.7x0.6x
Sat, 19 Jul 2025NOK 125.5bNOK 214.8bNOK 10.0b9.6x12.6x0.6x
Mon, 16 Jun 2025NOK 114.5bNOK 214.8bNOK 9.9b9.3x11.5x0.5x
Wed, 14 May 2025NOK 119.5bNOK 214.8bNOK 9.9b9.4x12.1x0.6x
Fri, 11 Apr 2025NOK 111.1bNOK 205.3bNOK 6.0b12.6x18.6x0.5x
Sun, 09 Mar 2025NOK 144.0bNOK 205.3bNOK 6.0b15.5x24x0.7x
Tue, 04 Feb 2025NOK 137.7bNOK 197.2bNOK 1.8b51.4x77.4x0.7x
Thu, 02 Jan 2025NOK 130.1bNOK 197.2bNOK 1.8b49.2x73.1x0.7x
Sat, 30 Nov 2024NOK 141.5bNOK 197.2bNOK 1.8b53.5x79.4x0.7x
Mon, 28 Oct 2024NOK 142.3bNOK 197.3bNOK 1.8b53.5x78.2x0.7x
Wed, 25 Sep 2024NOK 136.3bNOK 191.9bNOK 669.6m344.8x203.6x0.7x
Fri, 23 Aug 2024NOK 123.0bNOK 191.7bNOK 636.9m310.8x193.1x0.6x
Sun, 21 Jul 2024NOK 132.2bNOK 194.4bNOK 3.7b22x35.6x0.7x
Tue, 18 Jun 2024NOK 132.3bNOK 194.4bNOK 3.7b22x35.6x0.7x
Thu, 16 May 2024NOK 139.7bNOK 194.6bNOK 3.7b23.5x38x0.7x
Sat, 13 Apr 2024NOK 149.1bNOK 195.6bNOK 4.0b23.1x37.4x0.8x
Mon, 11 Mar 2024NOK 116.6bNOK 195.6bNOK 4.0b18.3x29.2x0.6x
Wed, 07 Feb 2024NOK 126.6bNOK 192.6bNOK 6.8b12x18.6x0.7x
Fri, 05 Jan 2024NOK 137.7bNOK 192.6bNOK 6.8b13x20.2x0.7x
Sun, 03 Dec 2023NOK 135.1bNOK 192.6bNOK 6.8b12.8x19.9x0.7x
Tue, 31 Oct 2023NOK 130.3bNOK 192.4bNOK 6.7b12.1x19.3x0.7x
Thu, 28 Sep 2023NOK 135.8bNOK 200.1bNOK 14.0b7x9.7x0.7x
Sat, 26 Aug 2023NOK 122.0bNOK 200.1bNOK 14.0b6.3x8.7x0.6x
Mon, 24 Jul 2023NOK 130.6bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Wed, 21 Jun 2023NOK 141.3bNOK 211.2bNOK 20.2b5.3x7x0.7x
Fri, 19 May 2023NOK 144.5bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Sun, 16 Apr 2023NOK 167.6bNOK 209.4bNOK 24.7b6.3x6.8x0.8x
Tue, 14 Mar 2023NOK 156.9bNOK 209.4bNOK 24.7b6x6.3x0.7x
Thu, 09 Feb 2023NOK 171.3bNOK 211.6bNOK 31.4b5.4x5.5x0.8x
Sat, 07 Jan 2023NOK 150.9bNOK 211.6bNOK 31.4b4.8x4.8x0.7x
Price to Earnings Ratio

4.8x


Total Market Cap: NOK 150.9bTotal Earnings: NOK 31.4bTotal Revenue: NOK 211.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 38x20242025
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 14.3x which is lower than its 3-year average PE of 38.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 29% 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 Market1.39%
Materials0.65%
Metals and Mining0.43%
Diversified Metals and Mining1.91%
Steel0.65%
Aluminum0.41%
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 78.9x.
    • Analysts are expecting annual earnings growth of 10.9%, which is lower than the prior year's growth of 719.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 11% 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 78.200.4%
+NOK 633.1m		25.0%PE14.1x
NOM Nordic MiningNOK 18.242.0%
+NOK 39.0m		-31.8%PS545.6x
RANA Rana GruberNOK 77.400.7%
+NOK 18.5m		1.4%PE8.7x

Latest News

NHY
NOK 78.20
Norsk Hydro
7D
0.4%
1Y
25.0%

NHY: Rising Aluminum Price Hopes Will Likely Prove Overly Optimistic

The analyst fair value estimate for Norsk Hydro has been raised from approximately NOK 46.0 to NOK 50.3. This change reflects analysts' upward revisions to price targets following continued Overweight and Outperform ratings, as well as a stronger outlook for profitability despite modestly weaker revenue growth assumptions. Analyst Commentary Recent research updates have generally reflected a constructive stance on Norsk Hydro, with multiple price target increases signalling confidence in the companys earnings resilience and balance sheet strength.
RANA
NOK 77.40
Rana Gruber
7D
0.7%
1Y
1.4%
AKOBO
NOK 2.04
Akobo Minerals
7D
-1.9%
1Y
13.3%
NOM
NOK 18.24
Nordic Mining
7D
2.0%
1Y
-31.8%
GEM
NOK 1.32
Green Minerals
7D
-5.4%
1Y
-60.0%