Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 23, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.9%
  • 3M-19.8%
  • 1Y33.2%
  • YTD6.7%

Over the last 7 days, the Metals and Mining industry has dropped 1.9%, driven by Norsk Hydro declining 2.0%. On the other hand Nordic Mining is actually up 24%. This takes the industry's 12 month performance to a gain of 33%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026NOK 169.8bNOK 204.7bNOK 9.1b17.3x18.7x0.8x
Sat, 20 Jun 2026NOK 201.1bNOK 201.3bNOK 5.5b32.7x36.6x1x
Mon, 18 May 2026NOK 209.0bNOK 201.3bNOK 5.5b34x38x1x
Wed, 15 Apr 2026NOK 213.0bNOK 208.0bNOK 6.3b31.5x33.9x1x
Fri, 13 Mar 2026NOK 194.3bNOK 209.5bNOK 6.6b19x29.5x0.9x
Sun, 08 Feb 2026NOK 178.9bNOK 217.4bNOK 10.9b12.3x16.4x0.8x
Tue, 06 Jan 2026NOK 166.3bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Thu, 04 Dec 2025NOK 148.5bNOK 217.4bNOK 11.0b10.3x13.5x0.7x
Sat, 01 Nov 2025NOK 139.6bNOK 217.4bNOK 11.1b10.2x12.5x0.6x
Mon, 29 Sep 2025NOK 134.3bNOK 216.9bNOK 9.7b11x13.8x0.6x
Wed, 27 Aug 2025NOK 136.3bNOK 217.0bNOK 9.8b10.5x13.9x0.6x
Fri, 25 Jul 2025NOK 130.2bNOK 216.7bNOK 9.9b10.1x13.2x0.6x
Sun, 22 Jun 2025NOK 115.2bNOK 214.8bNOK 9.9b9.3x11.6x0.5x
Tue, 20 May 2025NOK 117.3bNOK 214.8bNOK 9.9b9.2x11.9x0.5x
Thu, 17 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Sat, 15 Mar 2025NOK 138.6bNOK 205.3bNOK 6.0b15x23.1x0.7x
Mon, 10 Feb 2025NOK 139.3bNOK 197.2bNOK 1.8b52.7x78.2x0.7x
Wed, 08 Jan 2025NOK 129.9bNOK 197.2bNOK 1.8b49.2x72.9x0.7x
Fri, 06 Dec 2024NOK 144.2bNOK 197.2bNOK 1.8b54.5x81x0.7x
Sun, 03 Nov 2024NOK 143.3bNOK 197.3bNOK 1.8b53.9x78.7x0.7x
Tue, 01 Oct 2024NOK 142.6bNOK 191.9bNOK 669.6m359.9x212.9x0.7x
Thu, 29 Aug 2024NOK 122.7bNOK 191.9bNOK 669.6m309.3x183.2x0.6x
Sat, 27 Jul 2024NOK 126.5bNOK 191.7bNOK 642.5m319.4x196.8x0.7x
Mon, 24 Jun 2024NOK 135.3bNOK 194.4bNOK 3.7b22.6x36.5x0.7x
Wed, 22 May 2024NOK 148.6bNOK 194.4bNOK 3.7b24.6x40.1x0.8x
Fri, 19 Apr 2024NOK 148.2bNOK 195.6bNOK 4.0b22.9x37.1x0.8x
Sun, 17 Mar 2024NOK 121.0bNOK 195.6bNOK 4.0b18.9x30.3x0.6x
Tue, 13 Feb 2024NOK 123.2bNOK 192.6bNOK 6.9b11.8x17.9x0.6x
Thu, 11 Jan 2024NOK 138.1bNOK 192.6bNOK 6.8b12.8x20.3x0.7x
Sat, 09 Dec 2023NOK 128.8bNOK 192.6bNOK 6.8b12.2x18.9x0.7x
Mon, 06 Nov 2023NOK 132.0bNOK 192.4bNOK 6.7b12.3x19.6x0.7x
Wed, 04 Oct 2023NOK 138.0bNOK 200.1bNOK 14.0b6.9x9.9x0.7x
Fri, 01 Sep 2023NOK 124.2bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Sun, 30 Jul 2023NOK 136.7bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Price to Earnings Ratio

9.7x


Total Market Cap: NOK 136.7bTotal Earnings: NOK 14.1bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.3x202420252026
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 18.7x which is lower than its 3-year average PE of 42.3x.
  • 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 Market2.33%
Materials-1.50%
Metals and Mining-1.91%
Diversified Metals and Mining23.57%
Copper0%0
Gold0%0
Steel0%0
Aluminum-2.01%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 82.8x.
    • Analysts are expecting annual earnings growth of 14.6%, 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 15% 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 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
NOM Nordic MiningNOK 5.6824.0%
+NOK 137.6m		-75.7%PS78.2x
AKOBO Akobo MineralsNOK 1.547.7%
+NOK 25.2m		74.6%PS6x
GOLDR Gold Road InternationalNOK 8.755.3%
+NOK 25.2m		n/aPS22.4x
GEM Green MineralsNOK 1.1511.2%
+NOK 2.3m		-55.1%PB3.2x

Latest News

NHY
NOK 85.74
Norsk Hydro
7D
-2.0%
1Y
35.8%
POLAR
NOK 5.11
Polar Resources
7D
-14.6%
1Y
n/a
AKOBO
NOK 1.54
Akobo Minerals
7D
7.7%
1Y
74.6%
NOM
NOK 5.68
Nordic Mining
7D
24.0%
1Y
-75.7%
GEM
NOK 1.15
Green Minerals
7D
11.2%
1Y
-55.1%