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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies19
  • 7D0.8%
  • 3M14.2%
  • 1Y75.1%
  • YTD14.9%

Last week, the Metals and Mining industry hasn't moved much but Boliden is up 6.6% in that time. As for the the longer term, the industry is up 75% over the past 12 months. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jun 2026SEK 306.5bSEK 247.6bSEK 18.0b17.7x17x1.2x
Tue, 19 May 2026SEK 275.6bSEK 247.5bSEK 18.0b15.9x15.3x1.1x
Thu, 16 Apr 2026SEK 282.5bSEK 240.5bSEK 15.9b16.6x17.8x1.2x
Sat, 14 Mar 2026SEK 289.9bSEK 240.6bSEK 15.9b15.8x18.3x1.2x
Mon, 09 Feb 2026SEK 300.3bSEK 240.6bSEK 15.9b16.5x18.9x1.2x
Wed, 07 Jan 2026SEK 270.1bSEK 239.2bSEK 14.8b16.8x18.2x1.1x
Fri, 05 Dec 2025SEK 241.1bSEK 239.2bSEK 14.8b15.8x16.3x1x
Sun, 02 Nov 2025SEK 221.7bSEK 239.3bSEK 14.9b15.1x14.9x0.9x
Tue, 30 Sep 2025SEK 199.5bSEK 240.0bSEK 14.6b12.7x13.6x0.8x
Thu, 28 Aug 2025SEK 184.9bSEK 240.0bSEK 14.6b12.6x12.7x0.8x
Sat, 26 Jul 2025SEK 184.9bSEK 239.9bSEK 14.6b14.1x12.6x0.8x
Mon, 23 Jun 2025SEK 172.3bSEK 242.7bSEK 18.7b12.3x9.2x0.7x
Wed, 21 May 2025SEK 186.3bSEK 242.7bSEK 18.7b12.8x10x0.8x
Fri, 18 Apr 2025SEK 171.1bSEK 239.4bSEK 18.8b12.1x9.1x0.7x
Sun, 16 Mar 2025SEK 209.6bSEK 239.4bSEK 18.8b13x11.2x0.9x
Tue, 11 Feb 2025SEK 204.2bSEK 239.3bSEK 18.8b13.9x10.9x0.9x
Thu, 09 Jan 2025SEK 168.9bSEK 235.9bSEK 18.9b14x8.9x0.7x
Sat, 07 Dec 2024SEK 177.7bSEK 235.9bSEK 18.8b14.4x9.4x0.8x
Mon, 04 Nov 2024SEK 175.1bSEK 235.9bSEK 18.8b12.1x9.3x0.7x
Wed, 02 Oct 2024SEK 181.0bSEK 239.0bSEK 20.3b11.1x8.9x0.8x
Fri, 30 Aug 2024SEK 171.5bSEK 239.0bSEK 20.3b10.8x8.4x0.7x
Sun, 28 Jul 2024SEK 180.7bSEK 238.9bSEK 20.3b11.3x8.9x0.8x
Tue, 25 Jun 2024SEK 191.8bSEK 238.3bSEK 18.4b12.5x10.4x0.8x
Thu, 23 May 2024SEK 200.4bSEK 238.4bSEK 18.4b13x10.9x0.8x
Sat, 20 Apr 2024SEK 196.2bSEK 245.9bSEK 21.7b12.8x9.1x0.8x
Mon, 18 Mar 2024SEK 192.7bSEK 246.0bSEK 21.5b11.5x9x0.8x
Wed, 14 Feb 2024SEK 186.7bSEK 246.0bSEK 21.4b12x8.7x0.8x
Fri, 12 Jan 2024SEK 190.2bSEK 253.1b-SEK 9,786,009,415.0012.5x-19.4x0.8x
Sun, 10 Dec 2023SEK 196.2bSEK 253.1b-SEK 9,783,698,598.0012.4x-20.1x0.8x
Tue, 07 Nov 2023SEK 184.9bSEK 253.3b-SEK 9,869,617,657.0013.7x-18.7x0.7x
Thu, 05 Oct 2023SEK 177.2bSEK 255.9b-SEK 7,485,439,342.0012.3x-23.7x0.7x
Sat, 02 Sep 2023SEK 174.7bSEK 255.9b-SEK 7,485,375,167.0013x-23.3x0.7x
Mon, 31 Jul 2023SEK 176.7bSEK 255.7b-SEK 7,551,225,494.0011.6x-23.4x0.7x
Wed, 28 Jun 2023SEK 192.7bSEK 262.7b-SEK 415,117,728.0010.6x-464.2x0.7x
Price to Earnings Ratio

-464.2x


Total Market Cap: SEK 192.7bTotal Earnings: -SEK 415,117,728.00Total Revenue: SEK 262.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -6.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish 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 17.0x which is higher than its 3-year average PE of -7.3x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • Total earnings for the Metals and Mining industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swedish Materials industry?

SE Market0.43%
Materials1.06%
Metals and Mining0.77%
Diversified Metals and Mining6.50%
Silver0.31%
Gold0%0
Aluminum-2.91%
Steel-5.81%
Precious Metals and Minerals-9.94%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 8.6x.
    • Analysts are expecting annual earnings growth of 7.6% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • In contrast, the Silver industry is expected to see its earnings grow by 7.6% 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
BOL BolidenSEK 569.006.6%
+SEK 10.1b		99.6%PE14.6x
VISC Gruvaktiebolaget ViscariaSEK 16.143.6%
+SEK 134.6m		-3.5%PS13.7x
ARCT Arctic MineralsSEK 5.9713.1%
+SEK 34.6m		1.2%PS55.3x
BOTX Botnia GoldSEK 12.303.2%
+SEK 15.5m		11.8%PE6.1x
NIO Nordic Iron OreSEK 4.293.1%
+SEK 8.8m		27.7%PB1.2x

Latest News

SSAB A
SEK 94.48
SSAB
7D
-6.4%
1Y
70.5%
Analysis Article • Jun 19

SSAB (OM:SSAB A) Stock Could Be 19.3% Overvalued After Armox Powder Launch

SSAB (OM:SSAB A) is in focus after launching Armox 500 AM Powder, described as the first protection grade steel powder for additive manufacturing, along with plans to expand production capacity at its Oxelösund facility. See our latest analysis for SSAB. Against this backdrop, SSAB’s share price has pulled back over the past week, with a 7 day share price return of down 3.9% after a 1 month gain of 11.4% and a 90 day share price return of 39.9%. The 1 year total shareholder return stands at...
VISC
SEK 16.14
Gruvaktiebolaget Viscaria
7D
3.6%
1Y
-3.5%
ALLEI
SEK 94.40
Alleima
7D
-3.7%
1Y
21.6%
Analysis Article • Jun 18

Alleima (OM:ALLEI) Stock Could Be 17% Undervalued After Its SEK 995 Million Subsea Order

Why Alleima stock is in focus after a major subsea order Alleima (OM:ALLEI) has come onto investors’ radar after securing an approximately SEK 995 million order for advanced umbilical tubes tied to a major Indonesian offshore energy project. See our latest analysis for Alleima. At a share price of SEK94.7, Alleima has seen a 30.17% 90 day share price return and a 22.45% one year total shareholder return, suggesting recent momentum has been strong as investors react to developments like the...
ARCT
SEK 5.97
Arctic Minerals
7D
13.1%
1Y
1.2%
BOL
SEK 569.00
Boliden
7D
6.6%
1Y
99.6%
Narrative Update • Jun 05

BOL: Mixed Rating Shifts And Mine Developments Will Shape Balanced Risk Reward

The analyst fair value estimate for Boliden has moved from SEK 612.94 to SEK 551.18. This reflects a blend of reduced revenue growth and profit margin assumptions, a higher discount rate, and mixed Street price target revisions that include both upgrades and cuts around the SEK 550 to SEK 650 range.
GRNG
SEK 180.90
Gränges
7D
-3.0%
1Y
54.2%
Narrative Update • Jun 04

GRNG: Dividend Outlook And Recycling Agreement Will Support Balanced Future Upside

Analysts have raised their price target for Gränges from SEK 185.50 to SEK 199.25, reflecting updated assumptions regarding revenue growth, profit margins and future P/E levels. What's in the News Annual General Meeting on May 12, 2026 resolved on a dividend of SEK 3.40 per share, split into two payments of SEK 1.70, with remaining profits carried forward.
NIO
SEK 4.29
Nordic Iron Ore
7D
3.1%
1Y
27.7%
GRANGX
SEK 51.00
Grangex
7D
-1.4%
1Y
211.0%
AFRI
SEK 0.14
Africa Resources
7D
-9.9%
1Y
-75.1%
LGOLD B
SEK 163.00
Lappland Guldprospektering
7D
2.6%
1Y
59.2%
Analysis Article • May 21

We Think Lappland Guldprospektering (NGM:LGOLD B) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...
SOSI
SEK 4.80
Sotkamo Silver
7D
0.3%
1Y
426.3%
BAT
SEK 0.19
Eurobattery Minerals
7D
-22.1%
1Y
102.1%
BLUE
SEK 2.08
Bluelake Mineral
7D
2.7%
1Y
132.1%
BOTX
SEK 12.30
Botnia Gold
7D
3.2%
1Y
11.8%
Analysis Article • May 13

Impressive Earnings May Not Tell The Whole Story For Botnia Gold (STO:BOTX)

Unsurprisingly, Botnia Gold AB (publ)'s ( STO:BOTX ) stock price was strong on the back of its healthy earnings report...
NIDHOG
SEK 0.49
Nidhogg Resources Holding
7D
-2.4%
1Y
-89.0%
PROF B
SEK 96.20
ProfilGruppen
7D
-0.4%
1Y
-38.1%