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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies3
  • 7D2.1%
  • 3M25.1%
  • 1Y98.1%
  • YTD41.3%

In the last week, the Metals and Mining industry is up 2.1%, with Norsk Hydro up 3.2%. During this same period, the Akobo Minerals underperformed, falling 5.9%. This means that the industry has gained 98% 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
Tue, 02 Jun 2026NOK 223.8bNOK 201.3bNOK 5.5b36.4x40.7x1.1x
Thu, 30 Apr 2026NOK 204.9bNOK 208.0bNOK 6.3b30.3x32.7x1x
Sat, 28 Mar 2026NOK 186.4bNOK 209.5bNOK 6.6b18.4x28.3x0.9x
Mon, 23 Feb 2026NOK 172.0bNOK 209.5bNOK 6.6b17.2x26.2x0.8x
Wed, 21 Jan 2026NOK 167.4bNOK 217.4bNOK 11.0b11.8x15.2x0.8x
Fri, 19 Dec 2025NOK 157.4bNOK 217.4bNOK 11.0b10.8x14.3x0.7x
Sun, 16 Nov 2025NOK 148.1bNOK 217.4bNOK 11.0b10.2x13.4x0.7x
Tue, 14 Oct 2025NOK 142.2bNOK 216.9bNOK 9.7b11.2x14.6x0.7x
Thu, 11 Sep 2025NOK 135.5bNOK 216.9bNOK 9.7b11x13.9x0.6x
Sat, 09 Aug 2025NOK 132.6bNOK 217.0bNOK 9.9b10.3x13.4x0.6x
Mon, 07 Jul 2025NOK 121.5bNOK 214.8bNOK 10.0b9.4x12.2x0.6x
Wed, 04 Jun 2025NOK 113.8bNOK 214.8bNOK 9.9b9.1x11.4x0.5x
Fri, 02 May 2025NOK 113.0bNOK 215.2bNOK 9.9b9.3x11.4x0.5x
Sun, 30 Mar 2025NOK 126.9bNOK 205.3bNOK 6.0b13.9x21.2x0.6x
Tue, 25 Feb 2025NOK 137.2bNOK 205.3bNOK 6.0b14.9x22.9x0.7x
Thu, 23 Jan 2025NOK 138.5bNOK 197.2bNOK 1.8b51.8x77.8x0.7x
Sat, 21 Dec 2024NOK 129.4bNOK 197.2bNOK 1.8b48.9x72.7x0.7x
Mon, 18 Nov 2024NOK 146.0bNOK 197.2bNOK 1.8b55.1x82x0.7x
Wed, 16 Oct 2024NOK 140.7bNOK 191.9bNOK 669.6m355.6x210.1x0.7x
Fri, 13 Sep 2024NOK 122.4bNOK 191.9bNOK 669.6m308.7x182.7x0.6x
Sun, 11 Aug 2024NOK 118.7bNOK 191.7bNOK 642.5m299.5x184.8x0.6x
Tue, 09 Jul 2024NOK 138.3bNOK 194.4bNOK 3.7b23x37.3x0.7x
Thu, 06 Jun 2024NOK 141.0bNOK 194.4bNOK 3.7b23.4x38x0.7x
Sat, 04 May 2024NOK 144.7bNOK 194.6bNOK 3.7b24.4x39.5x0.7x
Mon, 01 Apr 2024NOK 124.2bNOK 195.6bNOK 4.0b19.6x31.1x0.6x
Wed, 28 Feb 2024NOK 117.1bNOK 195.6bNOK 4.0b18.4x29.4x0.6x
Fri, 26 Jan 2024NOK 129.1bNOK 192.6bNOK 6.8b12.2x19x0.7x
Sun, 24 Dec 2023NOK 142.5bNOK 192.6bNOK 6.8b13.3x20.9x0.7x
Tue, 21 Nov 2023NOK 136.2bNOK 192.6bNOK 6.8b12.7x20x0.7x
Thu, 19 Oct 2023NOK 126.7bNOK 200.1bNOK 14.0b6.7x9.1x0.6x
Sat, 16 Sep 2023NOK 130.9bNOK 200.1bNOK 14.0b6.8x9.4x0.7x
Mon, 14 Aug 2023NOK 134.7bNOK 200.1bNOK 14.1b6.7x9.6x0.7x
Wed, 12 Jul 2023NOK 131.6bNOK 211.2bNOK 20.2b5.1x6.5x0.6x
Fri, 09 Jun 2023NOK 144.9bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Price to Earnings Ratio

5.9x


Total Market Cap: NOK 144.9bTotal 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 41x202420252026
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 Market-2.32%
Materials-0.34%
Metals and Mining2.07%
Aluminum2.07%
Diversified Metals and Mining1.25%
Gold0%0
Steel0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 81.7x.
    • Analysts are expecting annual earnings growth of 20.8%, 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 119.453.2%
+NOK 7.4b		117.6%PE38.4x
NOM Nordic MiningNOK 10.304.3%
+NOK 52.5m		-55.6%PS141.9x

Latest News

GEM
NOK 1.25
Green Minerals
7D
-8.8%
1Y
-49.0%
NOM
NOK 10.30
Nordic Mining
7D
4.3%
1Y
-55.6%
NHY
NOK 119.45
Norsk Hydro
7D
3.2%
1Y
117.6%
Narrative Update • May 16

NHY: Extrusion Restructuring And Dividend Policy Will Support Future Upside Re Rating

Analysts have trimmed their fair value estimate for Norsk Hydro to NOK 137.00 from about NOK 138.97. This reflects a mix of higher modeled revenue growth and profit margins, a slightly lower assumed future P/E, and recent mixed rating and price target changes across Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Danske Bank, and others.
AKOBO
NOK 1.57
Akobo Minerals
7D
-9.8%
1Y
112.2%