PGS Relative Valuation - PGS ASA - Alpha Spread

PGS ASA
OSE:PGS

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PGS ASA
OSE:PGS
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Price: 9.022 NOK Market Closed
Market Cap: 8.6B NOK
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Relative Value

The Relative Value of one PGS stock under the Base Case scenario is 21.781 NOK. Compared to the current market price of 9.022 NOK, PGS ASA is Undervalued by 59%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PGS Relative Value
Base Case
21.781 NOK
Undervaluation 59%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
12
vs Industry
59
Median 3Y
0.8
Median 5Y
0.6
Industry
2.2
Forward
0.9
vs History
3
vs Industry
21
Median 3Y
-3
Median 5Y
-1.2
Industry
17.1
Forward
14.4
vs History
14
vs Industry
25
Median 3Y
1.5
Median 5Y
1.2
Industry
10.7
vs History
vs Industry
12
Median 3Y
-2.6
Median 5Y
-2.3
Industry
14.6
vs History
12
vs Industry
31
Median 3Y
1.3
Median 5Y
1
Industry
1.6
vs History
36
vs Industry
55
Median 3Y
1.6
Median 5Y
1.5
Industry
3.2
Forward
1.4
vs History
34
vs Industry
60
Median 3Y
2.5
Median 5Y
2.4
Industry
6.9
vs History
33
vs Industry
26
Median 3Y
2.6
Median 5Y
2.6
Industry
11.4
Forward
2.4
vs History
52
vs Industry
19
Median 3Y
8.8
Median 5Y
8.8
Industry
13.5
Forward
7.2
vs History
57
vs Industry
24
Median 3Y
2.9
Median 5Y
2.8
Industry
11.8
vs History
31
vs Industry
16
Median 3Y
6.8
Median 5Y
6.8
Industry
12.8
vs History
12
vs Industry
53
Median 3Y
0.7
Median 5Y
0.7
Industry
1.5

Multiples Across Competitors

PGS Competitors Multiples
PGS ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
PGS ASA
OSE:PGS
8.6B NOK 1 19.2 2.7 8.6
US
Baker Hughes Co
LSE:0RR8
3.9T USD 143.3 1 944.8 935.3 1 276.4
US
Schlumberger NV
NYSE:SLB
64.6B USD 1.8 14.6 8.6 12.1
US
Halliburton Co
NYSE:HAL
27.5B USD 1.2 10.2 6.4 8
LU
Tenaris SA
MIL:TEN
16.7B EUR 1.4 6.7 4 4.8
UK
TechnipFMC PLC
NYSE:FTI
11.7B USD 1.4 24.1 10 14.8
US
Weatherford International PLC
NASDAQ:WFRD
6.7B USD 1.2 13.4 5.9 8
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
46.1B CNY 0.9 13.7 10.2 10.2
US
Nov Inc
NYSE:NOV
6.6B USD 0.7 6.2 6.5 9.1
US
ChampionX Corp
NASDAQ:CHX
6.2B USD 1.7 19.3 8.7 12.9
AU
Worley Ltd
ASX:WOR
7.8B AUD 0.7 25.6 16.6 16.6

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