Have your own idea? Try our Stock Screener
Norwegian (OSEAX) Steel Industry Analysis
UpdatedDec 19, 2024
DataAggregated Company Financials
Companies2
- 7D-4.9%
- 3M7.5%
- 1Y-15.8%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.0%, driven by a pullback from Rana Gruber of 2.5%. Meanwhile, Vow Green Metals actually outperformed within the industry, gaining 7.2% in the last week. However, the industry is down 14% over the past year. Earnings are forecast to grow by 5.8% annually.
Industry Valuation and Performance
Has the Norwegian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Dec 2024 | NOK 2.8b | NOK 1.8b | NOK 459.7m | 5.4x | 6.1x | 1.5x |
| Sat, 16 Nov 2024 | NOK 2.9b | NOK 1.8b | NOK 459.7m | 5.6x | 6.2x | 1.6x |
| Mon, 14 Oct 2024 | NOK 2.9b | NOK 1.9b | NOK 509.5m | 5.1x | 5.7x | 1.5x |
| Wed, 11 Sep 2024 | NOK 2.5b | NOK 1.9b | NOK 509.5m | 4.4x | 4.9x | 1.3x |
| Fri, 09 Aug 2024 | NOK 2.9b | NOK 1.7b | NOK 500.4m | 4.9x | 5.7x | 1.7x |
| Sun, 07 Jul 2024 | NOK 3.1b | NOK 1.7b | NOK 500.4m | 5.4x | 6.1x | 1.8x |
| Tue, 04 Jun 2024 | NOK 3.1b | NOK 1.7b | NOK 500.4m | 5.4x | 6.1x | 1.8x |
| Thu, 02 May 2024 | NOK 3.4b | NOK 1.9b | NOK 463.7m | 6.3x | 7.3x | 1.7x |
| Sat, 30 Mar 2024 | NOK 3.2b | NOK 1.9b | NOK 463.7m | 6x | 6.9x | 1.6x |
| Mon, 26 Feb 2024 | NOK 2.9b | NOK 1.9b | NOK 463.8m | 5.4x | 6.3x | 1.5x |
| Wed, 24 Jan 2024 | NOK 3.1b | NOK 1.7b | NOK 550.7m | 4.8x | 5.6x | 1.8x |
| Fri, 22 Dec 2023 | NOK 3.2b | NOK 1.7b | NOK 550.7m | 5.1x | 5.9x | 1.9x |
| Sun, 19 Nov 2023 | NOK 3.3b | NOK 1.7b | NOK 550.7m | 5.1x | 5.9x | 1.9x |
| Tue, 17 Oct 2023 | NOK 2.6b | NOK 1.5b | NOK 490.0m | 4.3x | 5.3x | 1.8x |
| Thu, 14 Sep 2023 | NOK 2.6b | NOK 1.5b | NOK 490.0m | 4.2x | 5.4x | 1.8x |
| Sat, 12 Aug 2023 | NOK 2.7b | NOK 1.4b | NOK 544.5m | 3.9x | 4.9x | 1.9x |
| Mon, 10 Jul 2023 | NOK 2.4b | NOK 1.4b | NOK 544.5m | 3.7x | 4.4x | 1.7x |
| Wed, 07 Jun 2023 | NOK 2.3b | NOK 1.4b | NOK 544.5m | 3.6x | 4.3x | 1.7x |
| Fri, 05 May 2023 | NOK 2.4b | NOK 1.4b | NOK 466.9m | 4.3x | 5.2x | 1.7x |
| Sun, 02 Apr 2023 | NOK 2.6b | NOK 1.4b | NOK 466.9m | 4.7x | 5.6x | 1.8x |
| Tue, 28 Feb 2023 | NOK 2.7b | NOK 1.4b | NOK 479.2m | 4.6x | 5.7x | 1.9x |
| Thu, 26 Jan 2023 | NOK 2.5b | NOK 1.3b | NOK 218.6m | 8.6x | 11.2x | 1.9x |
| Sat, 24 Dec 2022 | NOK 2.2b | NOK 1.3b | NOK 218.6m | 7.6x | 10x | 1.7x |
| Mon, 21 Nov 2022 | NOK 2.1b | NOK 1.3b | NOK 218.6m | 6.8x | 9.4x | 1.6x |
| Wed, 19 Oct 2022 | NOK 1.8b | NOK 1.3b | NOK 380.3m | 3.7x | 4.9x | 1.4x |
| Fri, 16 Sep 2022 | NOK 2.0b | NOK 1.3b | NOK 386.8m | 3.9x | 5.1x | 1.5x |
| Sun, 14 Aug 2022 | NOK 2.3b | NOK 1.7b | NOK 426.8m | 4.3x | 5.5x | 1.4x |
| Tue, 12 Jul 2022 | NOK 2.1b | NOK 1.7b | NOK 426.8m | 3.8x | 4.9x | 1.3x |
| Thu, 09 Jun 2022 | NOK 2.6b | NOK 1.7b | NOK 426.8m | 4.7x | 6x | 1.5x |
| Sat, 07 May 2022 | NOK 2.7b | NOK 1.7b | NOK 580.3m | 3.7x | 4.7x | 1.6x |
| Mon, 04 Apr 2022 | NOK 2.9b | NOK 1.7b | NOK 592.0m | 3.9x | 4.9x | 1.7x |
| Wed, 02 Mar 2022 | NOK 3.2b | NOK 2.0b | NOK 603.6m | 24.8x | 5.2x | 1.6x |
| Fri, 28 Jan 2022 | NOK 2.9b | NOK 2.2b | NOK 570.9m | 23.1x | 5.1x | 1.3x |
| Sun, 26 Dec 2021 | NOK 2.4b | NOK 2.2b | NOK 570.9m | 8.4x | 4.3x | 1.1x |
Price to Earnings Ratio
4.3x
Current Industry PE
- There are only 2 companies in the Norwegian Steel 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 Steel industry have declined 7.0% per year over the last three years,
- Revenues have also declined 5.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Norwegian Steel compare with similar industries?
| NO Market | -2.40% | |
| Materials | -4.40% | |
| Metals and Mining | -3.40% | |
| Steel | -4.87% | |
| Copper | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -0.76% | |
| Aluminum | -3.42% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VGM Vow Green Metals | NOK 0.70 | 0.9% +NOK 1.2m | -64.8% | PB0.7x |