Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nordic Mining ASAOSL:NOM +3.68%18 PB Ratio is 0.57 as of Jul. 19, 2026, which is 57% below its 10-year median of 1.33. GuruFocus rates OSL:NOM with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 2,359 Metals & Mining companies, Nordic Mining ASA ranks better than 90.72% on this metric.
Nordic Mining ASA stock PB Ratio (=0.57) is close to 2-year low of 0.57.
The historical rank and industry rank for Nordic Mining ASA's PB Ratio or its related term are showing as below:
OSL:NOM'
s PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 1.33 Max: 1.97
Current: 0.57
During the past 13 years, Nordic Mining ASA's highest PB Ratio was 1.97. The lowest was 0.57. And the median was 1.33.
OSL:NOM's PB Ratio is ranked better than 90.72% of 2359
companies
in the Metals & Mining industry
Industry Median: 2.12
vs OSL:NOM: 0.57
During the past 12 months, Nordic Mining ASA's average Book Value Per Share Growth Rate was -38.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -27.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nordic Mining ASA was 31.90% per year. The lowest was -27.90% per year. And the median was -0.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nordic Mining ASA PB Ratio Related Terms
Nordic Mining ASA PB Ratio Historical Data
* Premium members only.
The historical data trend for Nordic Mining ASA's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Nordic Mining ASA's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nordic Mining ASA PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nordic Mining ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nordic Mining ASA's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nordic Mining ASA (OSL:NOM) has a PB Ratio of 0.57 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordic Mining ASA and its competitors. This is 57% below median its historical median of 1.33. Over the past decade, Nordic Mining ASA's PB Ratio has ranged from 0.57 to 1.97. According to the industry distribution chart, Nordic Mining ASA ranks #219 out of 2359 companies in the Metals & Mining industry, placing it in the top 9.3%.
Is Nordic Mining ASA's PB Ratio too high?
Nordic Mining ASA's current PB Ratio of 0.57 is 57% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.97. The Metals & Mining industry median PB Ratio is 2.12. Nordic Mining ASA's value of 0.57 is 73.1% below this industry median. Based on the distribution chart, Nordic Mining ASA ranks #219 out of 2359 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nordic Mining ASA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Nordic Mining ASA's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Nordic Mining ASA ranks #219 out of 2359 companies for PB Ratio. This places Nordic Mining ASA in the top 9% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.12. Nordic Mining ASA's value of 0.57 is 73.1% below this benchmark. Historically, Nordic Mining ASA's own PB Ratio has ranged from 0.57 to 1.97 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 2.12, Nordic Mining ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.12, based on 2,359 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordic Mining ASA's current PB Ratio of 0.57 is 73.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordic Mining ASA and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Mining ASA's current PB Ratio is 0.57, which is 57% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Mining ASA stock overvalued right now?
Nordic Mining ASA (OSL:NOM) has a current PB Ratio of 0.57. The current PB Ratio is 0.57, which is 57% below median its 10-year median of 1.33 and 73.1% below the Metals & Mining industry median of 2.12. Nordic Mining ASA's overall GF Score™ is 18/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nordic Mining ASA (OSL:NOM), the current PB Ratio is 0.57 as of Jul. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Nordic Mining ASA is a resource company with its subsidiaries, which is engaged in the integrated operations of exploration, extraction, and production of high-end minerals and metals. The company's reportable segment is the Rutile and Garnet segment. The company's operations include the Engebo rutile and garnet project.
18GF Score
Get the complete analysis for OSL:NOM
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:NOM has been successfully added to your 
