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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies18
  • 7D-1.9%
  • 3M18.5%
  • 1Y16.3%
  • YTD25.8%

Over the last 7 days, the Metals and Mining industry has dropped 1.9%, driven by a pullback from Boliden of 2.6%. In the past year, the industry has gained 16%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025SEK 218.0bSEK 239.3bSEK 14.9b14.7x14.7x0.9x
Mon, 06 Oct 2025SEK 212.9bSEK 240.0bSEK 14.6b14x14.5x0.9x
Wed, 03 Sep 2025SEK 181.1bSEK 240.0bSEK 14.6b12.4x12.4x0.8x
Fri, 01 Aug 2025SEK 177.2bSEK 239.9bSEK 14.6b13.6x12.1x0.7x
Sun, 29 Jun 2025SEK 178.1bSEK 242.7bSEK 18.7b12.5x9.5x0.7x
Tue, 27 May 2025SEK 185.1bSEK 242.7bSEK 18.7b12.7x9.9x0.8x
Thu, 24 Apr 2025SEK 178.4bSEK 242.5bSEK 20.2b12x8.8x0.7x
Sat, 22 Mar 2025SEK 208.4bSEK 239.4bSEK 18.8b12.8x11.1x0.9x
Mon, 17 Feb 2025SEK 209.7bSEK 239.4bSEK 18.6b13.9x11.3x0.9x
Wed, 15 Jan 2025SEK 173.7bSEK 235.9bSEK 18.9b15.1x9.2x0.7x
Fri, 13 Dec 2024SEK 177.4bSEK 235.9bSEK 18.9b14.8x9.4x0.8x
Sun, 10 Nov 2024SEK 183.5bSEK 235.9bSEK 18.8b13.6x9.7x0.8x
Tue, 08 Oct 2024SEK 180.8bSEK 239.0bSEK 20.4b11x8.9x0.8x
Thu, 05 Sep 2024SEK 160.6bSEK 239.0bSEK 20.3b10.3x7.9x0.7x
Sat, 03 Aug 2024SEK 172.4bSEK 238.9bSEK 20.3b11x8.5x0.7x
Mon, 01 Jul 2024SEK 187.5bSEK 238.3bSEK 18.3b12.3x10.2x0.8x
Wed, 29 May 2024SEK 199.4bSEK 238.3bSEK 18.4b13x10.9x0.8x
Fri, 26 Apr 2024SEK 191.4bSEK 238.4bSEK 18.4b13.8x10.4x0.8x
Sun, 24 Mar 2024SEK 198.4bSEK 246.0bSEK 21.5b11.9x9.2x0.8x
Tue, 20 Feb 2024SEK 192.5bSEK 246.0bSEK 21.5b11x9x0.8x
Thu, 18 Jan 2024SEK 184.0bSEK 253.1b-SEK 9,789,855,310.0012.2x-18.8x0.7x
Sat, 16 Dec 2023SEK 199.8bSEK 253.1b-SEK 9,786,221,083.0012.6x-20.4x0.8x
Mon, 13 Nov 2023SEK 180.7bSEK 253.3b-SEK 9,870,893,591.0013.4x-18.3x0.7x
Wed, 11 Oct 2023SEK 179.6bSEK 255.8b-SEK 7,473,225,497.0012.3x-24x0.7x
Fri, 08 Sep 2023SEK 171.2bSEK 255.9b-SEK 7,487,455,872.0013.4x-22.9x0.7x
Sun, 06 Aug 2023SEK 176.8bSEK 255.7b-SEK 7,554,162,496.0013.5x-23.4x0.7x
Tue, 04 Jul 2023SEK 194.8bSEK 262.7b-SEK 419,508,696.0011x-464.4x0.7x
Thu, 01 Jun 2023SEK 187.4bSEK 262.7b-SEK 417,623,379.0012.6x-448.7x0.7x
Sat, 29 Apr 2023SEK 202.1bSEK 262.6b-SEK 328,688,672.0011.3x-615x0.8x
Mon, 27 Mar 2023SEK 203.5bSEK 263.2bSEK 3.2b9.8x64.2x0.8x
Wed, 22 Feb 2023SEK 225.1bSEK 263.0bSEK 3.3b9.4x67.5x0.9x
Fri, 20 Jan 2023SEK 212.9bSEK 252.8bSEK 38.8b6.7x5.5x0.8x
Sun, 18 Dec 2022SEK 186.3bSEK 252.7bSEK 38.8b6.2x4.8x0.7x
Tue, 15 Nov 2022SEK 186.8bSEK 252.6bSEK 38.9b6.2x4.8x0.7x
Price to Earnings Ratio

4.8x


Total Market Cap: SEK 186.8bTotal Earnings: SEK 38.9bTotal Revenue: SEK 252.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -31.5x202320242025
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 14.7x which is higher than its 3-year average PE of -31.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 27% 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 Swedish Materials industry?

SE Market-2.04%
Materials-1.95%
Metals and Mining-1.90%
Gold0%0
Steel-0.49%
Aluminum-0.61%
Silver-2.51%
Diversified Metals and Mining-2.97%
Precious Metals and Minerals-8.81%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 11.7x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings decline of 38.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 33% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 18% 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
SSAB A SSABSEK 60.860.9%
+SEK 518.2m		9.3%PE12.3x
LGOLD B Lappland GuldprospekteringSEK 195.408.8%
+SEK 17.6m		171.4%PB10.5x
MAHVIE Mahvie MineralsSEK 0.741.1%
+SEK 476.8k		146.7%n/a

Latest News

VISC
SEK 16.00
Gruvaktiebolaget Viscaria
7D
-16.4%
1Y
-24.9%
GRNG
SEK 138.40
Gränges
7D
-0.6%
1Y
2.1%
BOTX
SEK 11.00
Botnia Gold
7D
-12.4%
1Y
-18.2%

We Believe Botnia Gold's (STO:BOTX) Earnings Are A Poor Guide For Its Profitability

Nov 06
We Believe Botnia Gold's (STO:BOTX) Earnings Are A Poor Guide For Its Profitability
ALLEI
SEK 78.70
Alleima
7D
-4.4%
1Y
9.0%
DRIL
SEK 3.80
Drillcon
7D
-5.7%
1Y
-20.5%
BOL
SEK 417.90
Boliden
7D
-2.6%
1Y
25.6%

Boliden's (STO:BOL) Problems Go Beyond Weak Profit

Oct 29
Boliden's (STO:BOL) Problems Go Beyond Weak Profit
SSAB A
SEK 60.86
SSAB
7D
0.9%
1Y
9.3%
LGOLD B
SEK 195.40
Lappland Guldprospektering
7D
8.8%
1Y
171.4%
ARCT
SEK 4.80
Arctic Minerals
7D
-8.6%
1Y
52.9%
BLUE
SEK 1.14
Bluelake Mineral
7D
-7.3%
1Y
37.2%
MAHVIE
SEK 0.74
Mahvie Minerals
7D
1.1%
1Y
146.7%