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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies19
  • 7D8.3%
  • 3M-2.8%
  • 1Y54.4%
  • YTD7.3%

Last week, the Metals and Mining industry hasn't moved much but Boliden is up 9.7% in that time. As for the the longer term, the industry is up 46% over the past 12 months. Looking forward, 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
Thu, 07 May 2026SEK 286.2bSEK 247.5bSEK 18.0b17.2x15.9x1.2x
Sat, 04 Apr 2026SEK 259.3bSEK 240.5bSEK 15.9b15.3x16.3x1.1x
Mon, 02 Mar 2026SEK 330.2bSEK 240.6bSEK 15.9b16.8x20.8x1.4x
Wed, 28 Jan 2026SEK 302.3bSEK 239.2bSEK 14.8b17.2x20.4x1.3x
Fri, 26 Dec 2025SEK 252.2bSEK 239.2bSEK 14.8b15.7x17x1.1x
Sun, 23 Nov 2025SEK 217.8bSEK 239.3bSEK 14.8b14.5x14.8x0.9x
Tue, 21 Oct 2025SEK 216.0bSEK 240.0bSEK 14.6b13.4x14.7x0.9x
Thu, 18 Sep 2025SEK 184.3bSEK 240.0bSEK 14.6b12.5x12.6x0.8x
Sat, 16 Aug 2025SEK 184.2bSEK 240.0bSEK 14.7b13.9x12.6x0.8x
Mon, 14 Jul 2025SEK 186.6bSEK 243.5bSEK 18.7b13.1x10x0.8x
Wed, 11 Jun 2025SEK 185.5bSEK 242.7bSEK 18.7b13.1x9.9x0.8x
Fri, 09 May 2025SEK 180.7bSEK 242.7bSEK 18.7b12.2x9.7x0.7x
Sun, 06 Apr 2025SEK 168.6bSEK 239.4bSEK 18.8b11.8x9x0.7x
Tue, 04 Mar 2025SEK 213.5bSEK 239.4bSEK 18.8b13.1x11.4x0.9x
Thu, 30 Jan 2025SEK 183.6bSEK 235.9bSEK 18.8b15.4x9.8x0.8x
Sat, 28 Dec 2024SEK 167.1bSEK 235.9bSEK 18.9b14.2x8.8x0.7x
Mon, 25 Nov 2024SEK 172.9bSEK 235.9bSEK 18.8b13.3x9.2x0.7x
Wed, 23 Oct 2024SEK 176.1bSEK 241.7bSEK 21.4b10.4x8.2x0.7x
Fri, 20 Sep 2024SEK 168.2bSEK 239.0bSEK 20.3b10.6x8.3x0.7x
Sun, 18 Aug 2024SEK 169.0bSEK 238.9bSEK 20.3b10.7x8.3x0.7x
Tue, 16 Jul 2024SEK 195.5bSEK 238.4bSEK 18.3b14.1x10.7x0.8x
Thu, 13 Jun 2024SEK 189.3bSEK 238.3bSEK 18.4b13.7x10.3x0.8x
Sat, 11 May 2024SEK 200.1bSEK 238.4bSEK 18.4b13.9x10.9x0.8x
Mon, 08 Apr 2024SEK 195.8bSEK 245.9bSEK 21.7b12.6x9x0.8x
Wed, 06 Mar 2024SEK 179.6bSEK 246.0bSEK 21.5b10.8x8.4x0.7x
Fri, 02 Feb 2024SEK 189.2bSEK 248.9bSEK 22.2b11.1x8.5x0.8x
Sun, 31 Dec 2023SEK 201.2bSEK 253.0b-SEK 9,782,333,689.0013.1x-20.6x0.8x
Tue, 28 Nov 2023SEK 195.2bSEK 253.1b-SEK 9,763,731,266.0011.8x-20x0.8x
Thu, 26 Oct 2023SEK 168.3bSEK 256.0b-SEK 8,544,970,707.0012.7x-19.7x0.7x
Sat, 23 Sep 2023SEK 175.7bSEK 255.9b-SEK 7,487,018,112.0013.2x-23.5x0.7x
Mon, 21 Aug 2023SEK 167.8bSEK 255.8b-SEK 7,568,155,020.0012.5x-22.2x0.7x
Wed, 19 Jul 2023SEK 196.8bSEK 261.7b-SEK 375,606,520.0012.3x-523.9x0.8x
Fri, 16 Jun 2023SEK 197.3bSEK 262.6b-SEK 413,907,890.0011.3x-476.6x0.8x
Sun, 14 May 2023SEK 192.5bSEK 262.6b-SEK 335,563,219.0011x-573.7x0.7x
Price to Earnings Ratio

-573.7x


Total Market Cap: SEK 192.5bTotal Earnings: -SEK 335,563,219.00Total Revenue: SEK 262.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -28.9x202420252026
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 15.1x which is higher than its 3-year average PE of -29.4x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.1x.
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 Market3.67%
Materials5.39%
Metals and Mining8.35%
Silver13.34%
Diversified Metals and Mining9.50%
Steel7.58%
Aluminum3.71%
Gold0%0
Precious Metals and Minerals-14.29%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 5.3x.
    • 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 15% 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 525.409.7%
+SEK 13.2b		77.1%PE13.5x
SSAB A SSABSEK 89.009.1%
+SEK 7.4b		44.7%PE16.5x
GRNG GrängesSEK 181.903.7%
+SEK 692.2m		53.8%PE17.9x
ALLEI AlleimaSEK 84.251.9%
+SEK 400.3m		13.1%PE37.2x
VISC Gruvaktiebolaget ViscariaSEK 17.246.3%
+SEK 245.1m		-25.5%PS14.5x

Latest News

SOSI
SEK 4.38
Sotkamo Silver
7D
13.3%
1Y
363.5%
Analysis Article • 2h

Solid Earnings Reflect Sotkamo Silver's (NGM:SOSI) Strength As A Business

Sotkamo Silver AB's ( NGM:SOSI ) strong earnings report was rewarded with a positive stock price move. We did some...
GRNG
SEK 181.90
Gränges
7D
3.7%
1Y
53.8%
SSAB A
SEK 89.00
SSAB
7D
9.1%
1Y
44.7%
ALLEI
SEK 84.25
Alleima
7D
1.9%
1Y
13.1%
Narrative Update • May 02

ALLEI: Dividend Payout And Adjusted Assumptions Will Shape Balanced Outlook

The analyst price target for Alleima has been adjusted slightly higher to SEK 74.80 from SEK 74.25, with analysts citing updated assumptions for revenue growth, profit margins and future P/E expectations as key drivers of this change. What's in the News At the AGM held on April 29, 2026, shareholders approved a cash dividend of SEK 2.50 per share, following the Board's proposal (Key Developments).
BOL
SEK 525.40
Boliden
7D
9.7%
1Y
77.1%
Narrative Update • May 01

BOL: Future Garpenberg Investment And Restart Will Support Re Rating

Analysts have trimmed the fair value estimate for Boliden from SEK 676.74 to about SEK 645.13, reflecting updated assumptions around discount rates, revenue growth, margins, and recent shifts in Street price targets that have included both increases and cuts across several banks. Analyst Commentary Recent Street research on Boliden has been mixed, with several banks adjusting price targets in both directions and some issuing rating changes.
VISC
SEK 17.24
Gruvaktiebolaget Viscaria
7D
6.3%
1Y
-25.5%
BOTX
SEK 12.38
Botnia Gold
7D
-1.4%
1Y
-1.7%
PROF B
SEK 100.00
ProfilGruppen
7D
4.0%
1Y
-19.4%
GRANGX
SEK 64.00
Grangex
7D
-4.8%
1Y
603.3%
BAT
SEK 0.14
Eurobattery Minerals
7D
-10.1%
1Y
44.9%
NIO
SEK 4.00
Nordic Iron Ore
7D
-4.8%
1Y
-24.0%
CRUST B
SEK 0.62
Crustal Resources
7D
-10.4%
1Y
18.3%
AFRI
SEK 0.16
Africa Resources
7D
-14.3%
1Y
-74.8%
BLUE
SEK 1.62
Bluelake Mineral
7D
14.1%
1Y
87.5%
MAHVIE
SEK 0.34
Mahvie Minerals
7D
-4.5%
1Y
-25.8%