Valuation TGS ASA

Stocks

Real-time Oslo Bors Other stock markets 10:44:49 23/07/2026 BST			5-day change	1st Jan Change
137.30 ^NOK	-5.96%		+4.34%	+49.59%

07-15	SEB raises the target price for TGS to 137 Norwegian kroner (135), reiterates hold	FW
07-09	SKAGEN Vekst fell 1.18% in June, Bakkafrost, Bonheur and TGS weighed most	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	1,115	1,668	1,706	1,956	1,794	2,989	-	-
Change	-	49.61%	2.3%	14.68%	-8.3%	66.58%	-	-
Enterprise Value (EV) ¹	932.4	1,479	1,595	2,445	2,221	3,480	3,433	3,351
Change	-	58.65%	7.8%	53.36%	-9.17%	56.68%	-1.34%	-2.39%
P/E	-20.9x	18.4x	76.7x	19.2x	101x	17.4x	13.7x	13.3x
PBR	1x	1.34x	1.34x	0.94x	0.91x	1.51x	1.47x	1.43x
PEG	-	-0x	-1x	0x	-1.2x	0x	0.5x	4.49x
Capitalization / Revenue	3.61x	2.33x	2.15x	1.48x	1.17x	1.99x	1.86x	1.81x
EV / Revenue	3.02x	2.06x	2.01x	1.86x	1.45x	2.32x	2.14x	2.03x
EV / EBITDA	4.76x	2.75x	4.15x	3.52x	2.48x	3.75x	3.37x	3.17x
EV / EBIT	-5.77x	11.3x	29.9x	12.5x	12.2x	12.2x	10.1x	9.07x
EV / FCF	6.28x	21x	10.2x	10.7x	5.69x	22.8x	15.9x	13.4x
FCF Yield	15.9%	4.76%	9.83%	9.36%	17.6%	4.38%	6.3%	7.47%
Dividend per Share ²	0.56	0.56	0.56	0.56	0.62	0.6136	0.7486	0.96
Rate of return	5.83%	4.18%	4.3%	5.62%	6.79%	4.03%	4.92%	6.31%
EPS ²	-0.46	0.73	0.17	0.52	0.09	0.8721	1.113	1.146
Distribution rate	-122%	76.7%	329%	108%	689%	70.4%	67.2%	83.7%
Net sales ¹	308.9	716.6	794.3	1,318	1,527	1,499	1,606	1,652
EBITDA ¹	196	538.9	383.9	694.2	896.2	927.2	1,020	1,057
EBIT ¹	-161.6	130.7	53.3	195.5	182.4	285.7	341.4	369.4
Net income ¹	-54.11	86.67	21.65	94.22	18.3	172.3	214.1	226.9
Net Debt ¹	-182.3	-188.5	-111.5	488.9	427	491.4	444.9	362.9
Reference price ²	9.60	13.40	13.04	9.97	9.13	15.21	15.21	15.21
Nbr of stocks (in thousands)	116,107	124,469	130,862	196,213	196,459	196,503	-	-
Announcement Date	10/02/22	09/02/23	15/02/24	20/02/25	12/02/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TGS ASA	17.44x	2.32x	3.75x	4.03%	2.99B
SUBSEA 7 S.A.	15.37x	1.28x	5.54x	5.9%	10.35B
TECHNIP ENERGIES N.V.	15.22x	0.38x	4.57x	2.9%	6.84B
LIBERTY ENERGY INC.	56.15x	1.29x	9.54x	1.4%	4.1B
SELECT WATER SOLUTIONS, INC.	54.74x	1.83x	8.59x	1.36%	2.65B
AKER SOLUTIONS ASA	6.96x	0.41x	4.62x	17.85%	2.17B
FLOWCO HOLDINGS INC.	14.93x	1.21x	3.01x	1.8%	864M
BW OFFSHORE LIMITED	5.38x	0.86x	1.4x	5.39%	841M
SOLSTAD OFFSHORE ASA	4.61x	2.61x	7.15x	4.7%	583M
BUMI ARMADA	6.59x	1.94x	4.42x	2.78%	522M
Average	19.74x	1.41x	5.26x	4.81%	3.19B
Weighted average by Cap.	22.86x	1.20x	5.70x	4.74%