TGS Relative Valuation - TGS ASA - Alpha Spread

TGS ASA
OSE:TGS

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TGS ASA
OSE:TGS
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Price: 104.7 NOK 4.18% Market Closed
Market Cap: 20.5B NOK
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Relative Value

The Relative Value of one TGS stock under the Base Case scenario is 557.61 NOK. Compared to the current market price of 104.7 NOK, TGS ASA is Undervalued by 81%.

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.

TGS Relative Value
Base Case
557.61 NOK
Undervaluation 81%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
37
Median 3Y
3.6
Median 5Y
4.4
Industry
2.2
Forward
1.2
vs History
23
vs Industry
2
Median 3Y
45.8
Median 5Y
33.3
Industry
17.1
Forward
8.3
vs History
92
vs Industry
20
Median 3Y
6.9
Median 5Y
7
Industry
10.7
vs History
14
vs Industry
11
Median 3Y
27.5
Median 5Y
32.8
Industry
14.6
vs History
92
vs Industry
25
Median 3Y
2.1
Median 5Y
2.1
Industry
1.6
vs History
93
vs Industry
42
Median 3Y
3.5
Median 5Y
4
Industry
3.2
Forward
1.2
vs History
92
vs Industry
50
Median 3Y
4
Median 5Y
4.4
Industry
6.9
vs History
44
vs Industry
5
Median 3Y
20.8
Median 5Y
20.6
Industry
11.4
Forward
2.3
vs History
44
vs Industry
5
Median 3Y
20.8
Median 5Y
20.6
Industry
13.5
Forward
6.5
vs History
90
vs Industry
21
Median 3Y
6.4
Median 5Y
6.5
Industry
11.8
vs History
63
vs Industry
5
Median 3Y
21
Median 5Y
24.2
Industry
12.8
vs History
93
vs Industry
36
Median 3Y
1.5
Median 5Y
1.5
Industry
1.5

Multiples Across Competitors

TGS Competitors Multiples
TGS 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
TGS ASA
OSE:TGS
20.5B NOK 2.4 73.1 21.6 21.6
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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