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- Nordic Mining
Nordic Mining Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nordic Mining and similar public comparables like Waratah Minerals, Victory Metals, Barton Gold Holdings, Horizon Gold and more.
Nordic Mining Overview
About Nordic Mining
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.
Founded
2006
HQ

Employees
80
Website
Sectors
Financials (LTM)
EV
$255M
Nordic Mining Financials
Nordic Mining reported last 12-month revenue of $10M and negative EBITDA of ($26M).
In the same LTM period, Nordic Mining generated ($26M) in EBITDA losses and had net loss of ($39M).
Revenue (LTM)
Nordic Mining P&L
In the most recent fiscal year, Nordic Mining reported revenue of — and EBITDA of ($12M).
Nordic Mining expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10M | XXX | — | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($291K) | XXX | XXX | XXX |
| EBITDA | ($26M) | XXX | ($12M) | XXX | XXX | XXX |
| EBITDA Margin | (266%) | XXX | — | XXX | XXX | XXX |
| EBIT Margin | (379%) | XXX | — | XXX | XXX | XXX |
| Net Profit | ($39M) | XXX | ($12M) | XXX | XXX | XXX |
| Net Margin | (391%) | XXX | — | XXX | XXX | XXX |
| Net Debt | — | — | $65M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nordic Mining Stock Performance
Nordic Mining has current market cap of $166M, and enterprise value of $255M.
Market Cap Evolution
Nordic Mining's stock price is $1.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $255M | $166M | -0.1% | XXX | XXX | XXX | $-0.10 |
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Start Free TrialNordic Mining Valuation Multiples
Nordic Mining trades at 25.9x EV/Revenue multiple, and (9.7x) EV/EBITDA.
EV / Revenue (LTM)
Nordic Mining Financial Valuation Multiples
As of April 20, 2026, Nordic Mining has market cap of $166M and EV of $255M.
Equity research analysts estimate Nordic Mining's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nordic Mining has a P/E ratio of (4.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $166M | XXX | $166M | XXX | XXX | XXX |
| EV (current) | $255M | XXX | $255M | XXX | XXX | XXX |
| EV/Revenue | 25.9x | XXX | — | XXX | XXX | XXX |
| EV/EBITDA | (9.7x) | XXX | (21.3x) | XXX | XXX | XXX |
| EV/EBIT | (6.8x) | XXX | (43.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (877.8x) | XXX | XXX | XXX |
| P/E | (4.3x) | XXX | (13.5x) | XXX | XXX | XXX |
| EV/FCF | (6.5x) | XXX | (2.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nordic Mining Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Nordic Mining Margins & Growth Rates
Nordic Mining's revenue in the last 12 month grew by 377%.
Nordic Mining's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.1M for the same period.
Nordic Mining's rule of 40 is 2820% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nordic Mining's rule of X is 7126% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Nordic Mining Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 377% | XXX | — | XXX | XXX | XXX |
| EBITDA Margin | (266%) | XXX | — | XXX | XXX | XXX |
| EBITDA Growth | (98%) | XXX | 156% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 2820% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 7126% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 54% | XXX | — | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nordic Mining Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nordic Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Waratah Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Victory Metals | XXX | XXX | XXX | XXX | XXX | XXX |
| Barton Gold Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Horizon Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Northern Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nordic Mining M&A Activity
Nordic Mining acquired XXX companies to date.
Last acquisition by Nordic Mining was on XXXXXXXX, XXXXX. Nordic Mining acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nordic Mining
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNordic Mining Investment Activity
Nordic Mining invested in XXX companies to date.
Nordic Mining made its latest investment on XXXXXXXX, XXXXX. Nordic Mining invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nordic Mining
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nordic Mining
| When was Nordic Mining founded? | Nordic Mining was founded in 2006. |
| Where is Nordic Mining headquartered? | Nordic Mining is headquartered in Norway. |
| How many employees does Nordic Mining have? | As of today, Nordic Mining has over 80 employees. |
| Is Nordic Mining publicly listed? | Yes, Nordic Mining is a public company listed on Oslo Børs. |
| What is the stock symbol of Nordic Mining? | Nordic Mining trades under NOM ticker. |
| When did Nordic Mining go public? | Nordic Mining went public in 2007. |
| Who are competitors of Nordic Mining? | Nordic Mining main competitors are Waratah Minerals, Victory Metals, Barton Gold Holdings, Horizon Gold. |
| What is the current market cap of Nordic Mining? | Nordic Mining's current market cap is $166M. |
| What is the current revenue of Nordic Mining? | Nordic Mining's last 12 months revenue is $10M. |
| What is the current revenue growth of Nordic Mining? | Nordic Mining revenue growth (NTM/LTM) is 377%. |
| What is the current EV/Revenue multiple of Nordic Mining? | Current revenue multiple of Nordic Mining is 25.9x. |
| Is Nordic Mining profitable? | No, Nordic Mining is not profitable. |
| What is the current EBITDA of Nordic Mining? | Nordic Mining has negative EBITDA and is not profitable. |
| What is Nordic Mining's EBITDA margin? | Nordic Mining's last 12 months EBITDA margin is (266%). |
| What is the current EV/EBITDA multiple of Nordic Mining? | Current EBITDA multiple of Nordic Mining is (9.7x). |
| What is the current FCF of Nordic Mining? | Nordic Mining's last 12 months FCF is ($39M). |
| What is Nordic Mining's FCF margin? | Nordic Mining's last 12 months FCF margin is (400%). |
| What is the current EV/FCF multiple of Nordic Mining? | Current FCF multiple of Nordic Mining is (6.5x). |
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