May 2026
📣 VC round data is live. Check it out!
Largest Metals & Mining Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
Norsk Hydro, Rana Gruber, Nordic Mining and Green Minerals.
 | Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants. | $12 | +105% | $24B | $25B | 1.1x | 8.3x | ||
| Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry. The majority of revenue from contracts with customers arise from the sale of hematite products. | $8 | +14% | $312M | $347M | — | — | ||
| Nordic Mining ASA and its subsidiaries are engaged in exploration, extraction, and production of high-end industrial minerals and metals. The company's reportable segment is Rutile and Garnet segment. The company's projects includes Engebo rutile and garnet project. | $1 | -53% | $143M | $272M | 527.9x | (17.5x) | ||
| Green Minerals AS is a Norway-based company, which operates within marine minerals industry and provides offshore mining services. The Company aims to win licenses to survey, explore and produce marine minerals on the Norwegian Continental Shelf. The main focus of Green Minerals is exploration design, design of marine minerals production system and winning licenses. Green Minerals enables the worlds drive towards electrification and digitization in a sustainable manner. The Company does this by deep sea mining of marine minerals and Rare Earth Elements key to the green shift, eliminating the social costs in onshore mining while reducing the environmental footprint and solving a strategic need for EU and USA. | $0 | -49% | $3M | $2M | — | (4.3x) | ||
| Median | $5 | -18% | $228M | $310M | 264.5x | (4.3x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.