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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies4
  • 7D3.0%
  • 3M-19.8%
  • 1Y32.3%
  • YTD6.1%

Over the last 7 days, the Metals and Mining industry has risen 1.5%, driven by gains from Norsk Hydro of 4.2%. In the last 12 months, the industry was up 32%. 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
Tue, 28 Jul 2026NOK 168.6bNOK 204.7bNOK 9.1b17.1x18.6x0.8x
Thu, 25 Jun 2026NOK 180.9bNOK 201.3bNOK 5.5b29.4x32.9x0.9x
Sat, 23 May 2026NOK 219.3bNOK 201.3bNOK 5.5b35.6x39.9x1.1x
Mon, 20 Apr 2026NOK 203.6bNOK 208.0bNOK 6.3b30.1x32.5x1x
Wed, 18 Mar 2026NOK 188.1bNOK 209.5bNOK 6.6b18.5x28.6x0.9x
Fri, 13 Feb 2026NOK 184.8bNOK 217.4bNOK 10.9b12.6x17x0.9x
Sun, 11 Jan 2026NOK 166.3bNOK 217.4bNOK 11.0b11.7x15.1x0.8x
Tue, 09 Dec 2025NOK 151.3bNOK 217.4bNOK 11.0b10.4x13.7x0.7x
Thu, 06 Nov 2025NOK 138.3bNOK 217.4bNOK 11.0b10x12.6x0.6x
Sat, 04 Oct 2025NOK 141.4bNOK 216.9bNOK 9.7b11.3x14.5x0.7x
Mon, 01 Sep 2025NOK 133.4bNOK 217.0bNOK 9.8b10x13.6x0.6x
Wed, 30 Jul 2025NOK 131.1bNOK 217.0bNOK 9.9b10.2x13.3x0.6x
Fri, 27 Jun 2025NOK 117.4bNOK 214.8bNOK 10.0b9.2x11.8x0.5x
Sun, 25 May 2025NOK 115.2bNOK 214.8bNOK 9.9b9.2x11.6x0.5x
Tue, 22 Apr 2025NOK 109.4bNOK 205.3bNOK 6.0b12.5x18.3x0.5x
Thu, 20 Mar 2025NOK 142.3bNOK 205.3bNOK 6.0b15.3x23.7x0.7x
Sat, 15 Feb 2025NOK 135.7bNOK 197.2bNOK 1.7b51.4x81.4x0.7x
Mon, 13 Jan 2025NOK 132.8bNOK 197.2bNOK 1.8b50.1x74.6x0.7x
Wed, 11 Dec 2024NOK 138.8bNOK 197.2bNOK 1.8b52.5x77.9x0.7x
Fri, 08 Nov 2024NOK 148.8bNOK 197.3bNOK 1.8b56.1x81x0.8x
Sun, 06 Oct 2024NOK 143.4bNOK 191.9bNOK 669.6m362.2x214.2x0.7x
Tue, 03 Sep 2024NOK 124.1bNOK 191.9bNOK 669.6m312.8x185.3x0.6x
Thu, 01 Aug 2024NOK 126.0bNOK 191.7bNOK 642.5m318x196.1x0.7x
Sat, 29 Jun 2024NOK 138.2bNOK 194.4bNOK 3.7b23.1x37.2x0.7x
Mon, 27 May 2024NOK 143.6bNOK 194.4bNOK 3.7b23.8x38.7x0.7x
Wed, 24 Apr 2024NOK 141.7bNOK 195.6bNOK 4.0b22x35.5x0.7x
Fri, 22 Mar 2024NOK 126.7bNOK 195.6bNOK 4.0b19.8x31.8x0.6x
Sun, 18 Feb 2024NOK 122.0bNOK 195.6bNOK 4.0b19.4x30.6x0.6x
Tue, 16 Jan 2024NOK 130.8bNOK 192.6bNOK 6.8b12.3x19.2x0.7x
Thu, 14 Dec 2023NOK 133.0bNOK 192.6bNOK 6.8b12.7x19.6x0.7x
Sat, 11 Nov 2023NOK 126.5bNOK 192.4bNOK 6.7b12x18.8x0.7x
Mon, 09 Oct 2023NOK 127.9bNOK 200.1bNOK 14.0b6.6x9.2x0.6x
Wed, 06 Sep 2023NOK 130.7bNOK 200.1bNOK 14.0b6.7x9.4x0.7x
Fri, 04 Aug 2023NOK 136.8bNOK 200.1bNOK 14.1b6.8x9.7x0.7x
Price to Earnings Ratio

9.7x


Total Market Cap: NOK 136.8bTotal 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 42.4x202420252026
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 18.8x which is lower than its 3-year average PE of 42.4x.
  • 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 Market2.36%
Materials0.76%
Metals and Mining3.04%
Diversified Metals and Mining19.05%
Aluminum2.97%
Copper0%0
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 82.9x.
    • Analysts are expecting annual earnings growth of 10.5%, 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 11% 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 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 85.163.0%
+NOK 4.8b		34.8%PE17.1x
NOM Nordic MiningNOK 5.7319.4%
+NOK 116.3m		-75.5%PS78.9x
GOLDR Gold Road InternationalNOK 8.844.8%
+NOK 23.1m		n/aPS22.5x
GEM Green MineralsNOK 1.109.5%
+NOK 1.9m		-59.6%PB3.1x

Latest News

NHY
NOK 85.16
Norsk Hydro
7D
3.0%
1Y
34.8%
Analysis Article • Jul 25

Norsk Hydro ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

As you might know, Norsk Hydro ASA ( OB:NHY ) recently reported its second-quarter numbers. Revenues were kr56b...
AKOBO
NOK 1.54
Akobo Minerals
7D
-0.3%
1Y
66.8%
NOM
NOK 5.73
Nordic Mining
7D
19.4%
1Y
-75.5%
GEM
NOK 1.10
Green Minerals
7D
9.5%
1Y
-59.6%