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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies18
  • 7D2.4%
  • 3M42.4%
  • 1Y59.1%
  • YTD16.1%

Over the last 7 days, the Metals and Mining industry has dropped 2.8%, and Alleima contributed the most with a 10% decline. Meanwhile, Eurobattery Minerals actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 55%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026SEK 309.5bSEK 238.2bSEK 14.5b16.1x21.3x1.3x
Fri, 02 Jan 2026SEK 258.4bSEK 239.2bSEK 14.8b16.4x17.4x1.1x
Sun, 30 Nov 2025SEK 234.9bSEK 239.2bSEK 14.8b15.5x15.8x1x
Tue, 28 Oct 2025SEK 221.6bSEK 239.3bSEK 14.9b15x14.9x0.9x
Thu, 25 Sep 2025SEK 193.2bSEK 240.0bSEK 14.6b12.5x13.2x0.8x
Sat, 23 Aug 2025SEK 188.0bSEK 240.0bSEK 14.6b12.6x12.9x0.8x
Mon, 21 Jul 2025SEK 181.8bSEK 242.6bSEK 15.2b13.5x12x0.7x
Wed, 18 Jun 2025SEK 175.6bSEK 242.7bSEK 18.7b12.6x9.4x0.7x
Fri, 16 May 2025SEK 185.9bSEK 242.7bSEK 18.7b12.7x9.9x0.8x
Sun, 13 Apr 2025SEK 168.6bSEK 239.4bSEK 18.8b11.8x9x0.7x
Tue, 11 Mar 2025SEK 207.0bSEK 239.4bSEK 18.8b12.9x11x0.9x
Thu, 06 Feb 2025SEK 187.7bSEK 234.3bSEK 17.4b14.2x10.8x0.8x
Sat, 04 Jan 2025SEK 167.8bSEK 235.9bSEK 18.9b14.1x8.9x0.7x
Mon, 02 Dec 2024SEK 175.9bSEK 235.9bSEK 18.8b14x9.3x0.7x
Wed, 30 Oct 2024SEK 178.7bSEK 235.9bSEK 18.8b12.2x9.5x0.8x
Fri, 27 Sep 2024SEK 181.9bSEK 239.0bSEK 20.3b11.1x8.9x0.8x
Sun, 25 Aug 2024SEK 172.6bSEK 239.0bSEK 20.3b10.7x8.5x0.7x
Tue, 23 Jul 2024SEK 182.7bSEK 242.4bSEK 21.9b12.3x8.4x0.8x
Thu, 20 Jun 2024SEK 188.0bSEK 238.3bSEK 18.4b12.7x10.2x0.8x
Sat, 18 May 2024SEK 200.0bSEK 238.4bSEK 18.4b13.5x10.9x0.8x
Mon, 15 Apr 2024SEK 200.7bSEK 245.9bSEK 21.7b12.9x9.3x0.8x
Wed, 13 Mar 2024SEK 186.5bSEK 246.0bSEK 21.5b11.2x8.7x0.8x
Fri, 09 Feb 2024SEK 189.7bSEK 324.5bSEK 27.5b10.9x6.9x0.6x
Sun, 07 Jan 2024SEK 196.4bSEK 253.1b-SEK 9,786,023,388.0012.8x-20.1x0.8x
Tue, 05 Dec 2023SEK 196.8bSEK 253.1b-SEK 9,765,799,507.0012.4x-20.1x0.8x
Thu, 02 Nov 2023SEK 179.2bSEK 253.3b-SEK 9,879,274,451.0013.3x-18.1x0.7x
Sat, 30 Sep 2023SEK 179.5bSEK 255.8b-SEK 7,480,777,549.0012.8x-24x0.7x
Mon, 28 Aug 2023SEK 166.8bSEK 255.8b-SEK 7,492,249,350.0012.9x-22.3x0.7x
Wed, 26 Jul 2023SEK 179.0bSEK 255.7b-SEK 7,567,550,831.0011.6x-23.7x0.7x
Fri, 23 Jun 2023SEK 191.8bSEK 262.6b-SEK 417,342,816.0011.3x-459.6x0.7x
Sun, 21 May 2023SEK 194.2bSEK 262.6b-SEK 329,165,552.0011x-589.9x0.7x
Tue, 18 Apr 2023SEK 221.9bSEK 263.2bSEK 3.2b9.7x70x0.8x
Thu, 16 Mar 2023SEK 202.5bSEK 263.1bSEK 3.3b9.4x60.7x0.8x
Sat, 11 Feb 2023SEK 215.8bSEK 257.2bSEK 3.3b9.5x65.5x0.8x
Price to Earnings Ratio

65.5x


Total Market Cap: SEK 215.8bTotal Earnings: SEK 3.3bTotal Revenue: SEK 257.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -30.9x202420252026
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 20.6x which is higher than its 3-year average PE of -30.9x.
  • The 3-year average PS ratio of 0.79x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 63% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SE Market0.12%
Materials-0.81%
Metals and Mining2.44%
Diversified Metals and Mining4.62%
Precious Metals and Minerals3.18%
Aluminum0.014%
Gold0%0
Steel-0.92%
Silver-14.01%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 12.4x.
    • Analysts are expecting annual earnings growth of 25.4%, 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 43% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 13% 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 660.605.3%
+SEK 9.4b
97.5%PE23.3x
ALLEI AlleimaSEK 81.854.9%
+SEK 963.1m
-10.7%PE30.5x
GRANGX GrangexSEK 53.305.1%
+SEK 36.6m
350.9%PS24.5x
GRNG GrängesSEK 153.100.2%
+SEK 31.9m
12.6%PE16.1x
BAT Eurobattery MineralsSEK 0.1615.9%
+SEK 19.1m
135.3%PS158x

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