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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.9%
  • 3M-22.4%
  • 1Y41.4%
  • YTD14.8%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Nordic Mining declined by 15%. The past year has been better, since the industry has gained 42% in that time. Earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026NOK 182.6bNOK 204.7bNOK 8.9b18.6x20.5x0.9x
Fri, 31 Jul 2026NOK 171.8bNOK 204.7bNOK 9.1b17.5x19x0.8x
Sun, 28 Jun 2026NOK 175.7bNOK 201.3bNOK 5.5b28.6x32x0.9x
Tue, 26 May 2026NOK 219.3bNOK 201.3bNOK 5.5b35.6x39.9x1.1x
Thu, 23 Apr 2026NOK 215.4bNOK 209.5bNOK 6.6b20.5x32.8x1x
Sat, 21 Mar 2026NOK 173.3bNOK 209.5bNOK 6.6b17.4x26.3x0.8x
Mon, 16 Feb 2026NOK 174.1bNOK 214.9bNOK 6.6b17x26.4x0.8x
Wed, 14 Jan 2026NOK 168.4bNOK 217.4bNOK 11.0b11.8x15.3x0.8x
Fri, 12 Dec 2025NOK 154.5bNOK 217.4bNOK 11.0b10.7x14x0.7x
Sun, 09 Nov 2025NOK 142.1bNOK 217.4bNOK 11.0b10.3x12.9x0.7x
Tue, 07 Oct 2025NOK 142.1bNOK 216.9bNOK 9.7b11.4x14.6x0.7x
Thu, 04 Sep 2025NOK 134.0bNOK 217.0bNOK 9.8b10x13.7x0.6x
Sat, 02 Aug 2025NOK 127.0bNOK 217.0bNOK 9.9b9.9x12.8x0.6x
Mon, 30 Jun 2025NOK 119.1bNOK 214.8bNOK 10.0b9.3x11.9x0.6x
Wed, 28 May 2025NOK 117.3bNOK 214.8bNOK 9.9b9.3x11.8x0.5x
Fri, 25 Apr 2025NOK 114.6bNOK 205.3bNOK 6.0b13x19.1x0.6x
Sun, 23 Mar 2025NOK 135.6bNOK 205.3bNOK 6.0b14.7x22.6x0.7x
Tue, 18 Feb 2025NOK 138.9bNOK 205.3bNOK 6.0b15.2x23.2x0.7x
Thu, 16 Jan 2025NOK 137.8bNOK 197.2bNOK 1.8b52x77.4x0.7x
Sat, 14 Dec 2024NOK 135.0bNOK 197.2bNOK 1.8b51.1x75.8x0.7x
Mon, 11 Nov 2024NOK 143.8bNOK 197.3bNOK 1.8b54.2x78.6x0.7x
Wed, 09 Oct 2024NOK 137.5bNOK 191.9bNOK 669.6m347.1x205.4x0.7x
Fri, 06 Sep 2024NOK 118.0bNOK 191.9bNOK 669.6m297.7x176.3x0.6x
Sun, 04 Aug 2024NOK 120.0bNOK 191.7bNOK 642.5m302.4x186.8x0.6x
Tue, 02 Jul 2024NOK 138.8bNOK 194.4bNOK 3.7b23.1x37.4x0.7x
Thu, 30 May 2024NOK 144.9bNOK 194.4bNOK 3.7b24.1x39.1x0.7x
Sat, 27 Apr 2024NOK 145.8bNOK 194.6bNOK 3.7b24.6x39.8x0.7x
Mon, 25 Mar 2024NOK 127.1bNOK 195.6bNOK 4.0b19.9x31.8x0.6x
Wed, 21 Feb 2024NOK 118.2bNOK 195.6bNOK 4.0b18.6x29.6x0.6x
Fri, 19 Jan 2024NOK 125.8bNOK 192.6bNOK 6.8b11.9x18.5x0.7x
Sun, 17 Dec 2023NOK 138.9bNOK 192.6bNOK 6.8b13.1x20.4x0.7x
Tue, 14 Nov 2023NOK 125.8bNOK 192.4bNOK 6.7b12x18.7x0.7x
Thu, 12 Oct 2023NOK 130.2bNOK 200.1bNOK 14.0b6.8x9.3x0.7x
Sat, 09 Sep 2023NOK 123.5bNOK 200.1bNOK 14.0b6.5x8.9x0.6x
Price to Earnings Ratio

8.9x


Total Market Cap: NOK 123.5bTotal Earnings: NOK 14.0bTotal Revenue: NOK 200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 42.7x202420252026
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 20.8x which is lower than its 3-year average PE of 42.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
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 Market1.04%
Materials-0.85%
Metals and Mining-0.93%
Copper0%0
Gold0%0
Steel0%0
Aluminum-0.92%
Diversified Metals and Mining-10.29%
Industry PE
  • Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 83.1x.
    • Analysts are expecting annual earnings growth of 9.5%, 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 9.5% 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 9.5% 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
AKOBO Akobo MineralsNOK 1.738.5%
+NOK 31.0m		1.8%PS6.9x
GOLDR Gold Road InternationalNOK 7.881.8%
+NOK 8.0m		n/aPS20.7x

Latest News

NOM
NOK 1.90
Nordic Mining
7D
-12.0%
1Y
-89.3%
NHY
NOK 92.52
Norsk Hydro
7D
-0.9%
1Y
43.8%
POLAR
NOK 4.80
Polar Resources
7D
-7.5%
1Y
n/a
AKOBO
NOK 1.73
Akobo Minerals
7D
8.5%
1Y
1.8%
GEM
NOK 1.37
Green Minerals
7D
-0.7%
1Y
-41.7%