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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.2%
  • 3M3.8%
  • 1Y55.4%
  • YTD9.3%

Over the last 7 days, the Metals and Mining industry has dropped 1.2%, driven by Boliden declining 4.6%. Meanwhile, Alleima actually outperformed within the industry, gaining 7.7% 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 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026SEK 292.6bSEK 255.8bSEK 20.4b17x14.4x1.1x
Mon, 22 Jun 2026SEK 306.5bSEK 247.6bSEK 18.0b17.7x17x1.2x
Wed, 20 May 2026SEK 272.6bSEK 247.5bSEK 18.0b15.7x15.2x1.1x
Fri, 17 Apr 2026SEK 283.9bSEK 240.5bSEK 15.9b16.8x17.9x1.2x
Sun, 15 Mar 2026SEK 289.8bSEK 240.6bSEK 15.9b15.8x18.3x1.2x
Tue, 10 Feb 2026SEK 307.5bSEK 240.6bSEK 15.9b16.8x19.3x1.3x
Thu, 08 Jan 2026SEK 274.7bSEK 239.2bSEK 14.8b17.5x18.5x1.1x
Sat, 06 Dec 2025SEK 240.0bSEK 239.2bSEK 14.8b15.6x16.2x1x
Mon, 03 Nov 2025SEK 221.7bSEK 239.3bSEK 14.9b15.1x14.9x0.9x
Wed, 01 Oct 2025SEK 198.9bSEK 240.0bSEK 14.6b12.6x13.6x0.8x
Fri, 29 Aug 2025SEK 185.5bSEK 240.0bSEK 14.6b12.3x12.7x0.8x
Sun, 27 Jul 2025SEK 184.9bSEK 239.9bSEK 14.6b14.1x12.6x0.8x
Tue, 24 Jun 2025SEK 174.1bSEK 242.7bSEK 18.7b12.2x9.3x0.7x
Thu, 22 May 2025SEK 185.0bSEK 242.7bSEK 18.7b12.8x9.9x0.8x
Sat, 19 Apr 2025SEK 171.1bSEK 239.4bSEK 18.8b12.1x9.1x0.7x
Mon, 17 Mar 2025SEK 209.6bSEK 239.4bSEK 18.8b13x11.2x0.9x
Wed, 12 Feb 2025SEK 202.2bSEK 239.3bSEK 18.8b13.9x10.8x0.8x
Fri, 10 Jan 2025SEK 171.7bSEK 235.9bSEK 18.9b14.4x9.1x0.7x
Sun, 08 Dec 2024SEK 177.5bSEK 235.9bSEK 18.9b14.4x9.4x0.8x
Tue, 05 Nov 2024SEK 178.2bSEK 235.9bSEK 18.8b12.1x9.5x0.8x
Thu, 03 Oct 2024SEK 181.0bSEK 239.0bSEK 20.3b11.1x8.9x0.8x
Sat, 31 Aug 2024SEK 172.7bSEK 239.0bSEK 20.3b10.9x8.5x0.7x
Mon, 29 Jul 2024SEK 180.7bSEK 238.9bSEK 20.3b11.3x8.9x0.8x
Wed, 26 Jun 2024SEK 188.4bSEK 238.3bSEK 18.3b12.7x10.3x0.8x
Fri, 24 May 2024SEK 199.3bSEK 238.4bSEK 18.4b13.2x10.8x0.8x
Sun, 21 Apr 2024SEK 194.5bSEK 245.9bSEK 21.7b12.8x9x0.8x
Tue, 19 Mar 2024SEK 190.3bSEK 246.0bSEK 21.5b11.6x8.9x0.8x
Thu, 15 Feb 2024SEK 188.6bSEK 246.0bSEK 21.4b12x8.8x0.8x
Sat, 13 Jan 2024SEK 191.9bSEK 253.1b-SEK 9,786,613,556.0012.4x-19.6x0.8x
Mon, 11 Dec 2023SEK 196.2bSEK 253.1b-SEK 9,783,698,598.0012.4x-20.1x0.8x
Wed, 08 Nov 2023SEK 181.9bSEK 253.3b-SEK 9,871,155,627.0013.4x-18.4x0.7x
Fri, 06 Oct 2023SEK 172.4bSEK 255.8b-SEK 7,484,820,527.0011.9x-23x0.7x
Sun, 03 Sep 2023SEK 174.8bSEK 255.9b-SEK 7,485,467,253.0013x-23.3x0.7x
Tue, 01 Aug 2023SEK 180.8bSEK 255.7b-SEK 7,549,832,279.0012.1x-23.9x0.7x
Price to Earnings Ratio

-23.9x


Total Market Cap: SEK 180.8bTotal Earnings: -SEK 7,549,832,279.00Total Revenue: SEK 255.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average 6.4x202420252026
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 6.4x.
  • The 3-year average PS ratio of 0.85x 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 Market0.87%
Materials0.75%
Metals and Mining-1.15%
Silver2.45%
Steel2.13%
Precious Metals and Minerals0.70%
Aluminum0.64%
Gold0%0
Diversified Metals and Mining-4.20%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 12.1x.
    • 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 growth rate of 2.5% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 7.3% 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
ALLEI AlleimaSEK 112.507.7%
+SEK 2.0b		55.8%PE30.9x
SSAB A SSABSEK 100.450.7%
+SEK 667.7m		71.4%PE17.9x
VISC Gruvaktiebolaget ViscariaSEK 16.067.1%
+SEK 305.7m		0.4%PS16.3x
GRNG GrängesSEK 181.200.6%
+SEK 117.2m		31.2%PE16.1x
SOSI Sotkamo SilverSEK 3.982.4%
+SEK 32.1m		293.6%PE99.4x

Latest News

ALLEI
SEK 112.50
Alleima
7D
7.7%
1Y
55.8%
BOL
SEK 481.40
Boliden
7D
-4.6%
1Y
52.8%
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...
GRNG
SEK 181.20
Gränges
7D
0.6%
1Y
31.2%
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.
ARCT
SEK 4.93
Arctic Minerals
7D
-1.5%
1Y
-7.1%
SSAB A
SEK 100.45
SSAB
7D
0.7%
1Y
71.4%
Narrative Update • Jul 15

SSAB A: Higher Street Optimism Will Struggle Against Execution Risks Ahead

Analysts have raised the fair value estimate for SSAB to SEK 70.63 from SEK 65.00. This move aligns with a series of recent price target increases across the Street that cite updated views on revenue growth, margins and forward P/E assumptions.
VISC
SEK 16.06
Gruvaktiebolaget Viscaria
7D
7.1%
1Y
0.4%
NIO
SEK 4.60
Nordic Iron Ore
7D
4.5%
1Y
18.9%
GRANGX
SEK 38.45
Grangex
7D
3.8%
1Y
21.9%
LGOLD B
SEK 157.80
Lappland Guldprospektering
7D
-0.4%
1Y
52.3%
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 3.98
Sotkamo Silver
7D
2.4%
1Y
293.6%
CRUST B
SEK 0.55
Crustal Resources
7D
-6.2%
1Y
37.0%
BAT
SEK 0.20
Eurobattery Minerals
7D
-0.5%
1Y
160.5%
BLUE
SEK 1.58
Bluelake Mineral
7D
-14.5%
1Y
7.8%
DRIL
SEK 4.14
Drillcon
7D
6.4%
1Y
-10.6%
NIDHOG
SEK 0.46
Nidhogg Resources Holding
7D
-3.1%
1Y
-76.0%
MAHVIE
SEK 0.33
Mahvie Minerals
7D
-4.1%
1Y
14.0%