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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies19
  • 7D4.9%
  • 3M6.1%
  • 1Y68.9%
  • YTD13.8%

The Metals and Mining industry is up 1.3% in the last week, with Boliden up 7.4%. In the last 12 months, the industry was up 63%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026SEK 304.7bSEK 255.9bSEK 20.4b17x14.9x1.2x
Fri, 03 Jul 2026SEK 289.5bSEK 247.6bSEK 18.0b16.7x16.1x1.2x
Sun, 31 May 2026SEK 309.1bSEK 247.5bSEK 17.8b17.7x17.3x1.2x
Tue, 28 Apr 2026SEK 276.2bSEK 241.5bSEK 15.9b17x17.3x1.1x
Thu, 26 Mar 2026SEK 280.1bSEK 240.6bSEK 15.9b15.2x17.7x1.2x
Sat, 21 Feb 2026SEK 310.3bSEK 240.6bSEK 15.8b16.3x19.6x1.3x
Mon, 19 Jan 2026SEK 284.9bSEK 239.2bSEK 14.8b16.8x19.2x1.2x
Wed, 17 Dec 2025SEK 246.7bSEK 239.2bSEK 14.8b15.2x16.6x1x
Fri, 14 Nov 2025SEK 226.3bSEK 239.3bSEK 14.8b15.3x15.3x0.9x
Sun, 12 Oct 2025SEK 211.9bSEK 240.0bSEK 14.6b13.8x14.5x0.9x
Tue, 09 Sep 2025SEK 185.2bSEK 240.0bSEK 14.6b14.7x12.6x0.8x
Thu, 07 Aug 2025SEK 176.9bSEK 239.9bSEK 14.6b14.3x12.1x0.7x
Sat, 05 Jul 2025SEK 179.3bSEK 242.7bSEK 18.7b12.6x9.6x0.7x
Mon, 02 Jun 2025SEK 179.3bSEK 242.7bSEK 18.7b12.6x9.6x0.7x
Wed, 30 Apr 2025SEK 184.6bSEK 242.7bSEK 18.7b12.2x9.9x0.8x
Fri, 28 Mar 2025SEK 199.0bSEK 239.4bSEK 18.8b12.2x10.6x0.8x
Sun, 23 Feb 2025SEK 211.8bSEK 239.4bSEK 18.8b13.3x11.3x0.9x
Tue, 21 Jan 2025SEK 182.4bSEK 235.9bSEK 18.9b15.5x9.7x0.8x
Thu, 19 Dec 2024SEK 170.3bSEK 235.9bSEK 18.9b14.3x9x0.7x
Sat, 16 Nov 2024SEK 173.6bSEK 235.9bSEK 18.8b13.2x9.2x0.7x
Mon, 14 Oct 2024SEK 176.2bSEK 239.0bSEK 20.4b11x8.7x0.7x
Wed, 11 Sep 2024SEK 158.7bSEK 239.0bSEK 20.4b10.3x7.8x0.7x
Fri, 09 Aug 2024SEK 167.5bSEK 238.9bSEK 20.3b11.4x8.3x0.7x
Sun, 07 Jul 2024SEK 193.1bSEK 238.3bSEK 18.3b13.7x10.5x0.8x
Tue, 04 Jun 2024SEK 197.1bSEK 238.3bSEK 18.4b13.2x10.7x0.8x
Thu, 02 May 2024SEK 199.7bSEK 238.4bSEK 18.4b13.1x10.9x0.8x
Sat, 30 Mar 2024SEK 195.4bSEK 245.9bSEK 21.7b12.2x9x0.8x
Mon, 26 Feb 2024SEK 185.1bSEK 246.0bSEK 21.5b10.7x8.6x0.8x
Wed, 24 Jan 2024SEK 182.8bSEK 253.0b-SEK 9,799,689,053.0011.8x-18.7x0.7x
Fri, 22 Dec 2023SEK 202.2bSEK 253.0b-SEK 9,782,726,370.0012.7x-20.7x0.8x
Sun, 19 Nov 2023SEK 191.0bSEK 253.3b-SEK 9,852,518,351.0011.8x-19.4x0.8x
Tue, 17 Oct 2023SEK 180.6bSEK 255.8b-SEK 7,484,177,406.0012.2x-24.1x0.7x
Thu, 14 Sep 2023SEK 171.6bSEK 255.9b-SEK 7,487,531,241.0013.2x-22.9x0.7x
Sat, 12 Aug 2023SEK 172.4bSEK 255.8b-SEK 7,563,395,766.0012.1x-22.8x0.7x
Price to Earnings Ratio

-22.8x


Total Market Cap: SEK 172.4bTotal Earnings: -SEK 7,563,395,766.00Total Revenue: SEK 255.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average 6.7x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.4x which is higher than its 3-year average PE of 6.7x.
  • The 3-year average PS ratio of 0.86x 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 Market2.86%
Materials3.72%
Metals and Mining4.89%
Precious Metals and Minerals11.72%
Diversified Metals and Mining7.29%
Silver5.30%
Steel2.96%
Aluminum0.95%
Gold0%0
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings growth of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 8.4% 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 499.807.4%
+SEK 9.7b		63.8%PE11.2x
SSAB A SSABSEK 104.902.7%
+SEK 2.7b		90.1%PE18.7x
ALLEI AlleimaSEK 118.404.0%
+SEK 1.1b		73.0%PE32.5x
VISC Gruvaktiebolaget ViscariaSEK 17.346.4%
+SEK 299.9m		9.1%PS17.6x
GRNG GrängesSEK 184.000.9%
+SEK 170.4m		40.1%PE16.3x

Latest News

SOSI
SEK 4.07
Sotkamo Silver
7D
5.3%
1Y
333.9%
ALLEI
SEK 118.40
Alleima
7D
4.0%
1Y
73.0%
Narrative Update • Jul 31

ALLEI: New Nuclear Expansion Will Not Sustain Current Market Optimism

Analysts have raised their fair value estimate for Alleima from SEK 67 to SEK 75. At the same time, at least one firm has changed its rating to Hold with a SEK 100 price target, citing updated assumptions on revenue growth, profit margins and future P/E expectations.
SSAB A
SEK 104.90
SSAB
7D
2.7%
1Y
90.1%
Narrative Update • Jul 29

SSAB A: Future Returns Will Depend On Low Carbon Projects And Earnings Delivery

The analyst price target for SSAB has been raised from SEK 83.14 to SEK 106.57, with analysts attributing the revised fair value to higher assumed revenue growth, stronger profit margins and a slightly richer future P/E multiple. Analyst Commentary Recent research on SSAB points to a mixed but generally constructive tone on the stock, with several price target revisions that frame how analysts view the balance between upside potential and execution risk.
LGOLD B
SEK 153.20
Lappland Guldprospektering
7D
-0.3%
1Y
51.7%
BOL
SEK 499.80
Boliden
7D
7.4%
1Y
63.8%
Analysis Article • Jul 24

Boliden AB (publ) Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models

Shareholders might have noticed that Boliden AB (publ) ( STO:BOL ) filed its second-quarter result this time last week...
PROF B
SEK 116.50
ProfilGruppen
7D
2.6%
1Y
-21.0%
Analysis Article • Jul 21

Here's Why We Think ProfilGruppen (STO:PROF B) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
GRNG
SEK 184.00
Gränges
7D
0.9%
1Y
40.1%
Narrative Update • Jul 17

GRNG: Dividend And Recycling Supply Deal Will Support Future Upside Potential

The analyst price target for Gränges has shifted from SEK199.25 to SEK211.50, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations as the key drivers of the change. What’s in the News for Gränges Gränges approved a dividend of SEK 3.40 per share at the May 12, 2026 AGM, to be paid in two instalments of SEK 1.70 per share, with record dates on May 15 and November 16, 2026, and payments handled by Euroclear Sweden AB on May 20 and November 19, 2026.
VISC
SEK 17.34
Gruvaktiebolaget Viscaria
7D
6.4%
1Y
9.1%
GRANGX
SEK 42.50
Grangex
7D
-4.3%
1Y
43.6%
BLUE
SEK 1.60
Bluelake Mineral
7D
5.3%
1Y
36.2%