TGS ASA
OSE:TGS

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TGS ASA
OSE:TGS
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Price: 110.6 NOK 0.64% Market Closed
Market Cap: 21.7B NOK
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Relative Value

The Relative Value of one TGS stock under the Base Case scenario is 393.75 NOK. Compared to the current market price of 110.6 NOK, TGS ASA is Undervalued by 72%.

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
393.75 NOK
Undervaluation 72%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.9
P/S
P/S
Price to Sales
1.9
vs History
84
vs Industry
37
Median 3Y
2.2
Median 5Y
2.5
Industry
2.2
Forward
1.2
More Details
40.5
P/E
P/E
Price to Earnings
40.5
vs History
23
vs Industry
2
Median 3Y
30.2
Median 5Y
22.6
Industry
16.6
Forward
10.6
More Details
3.2
P/OCF
P/OCF
Price to OCF
3.2
vs History
61
vs Industry
20
Median 3Y
4
Median 5Y
4.2
Industry
10.4
More Details
16
P/FCFE
P/FCFE
Price to FCFE
16
vs History
50
vs Industry
11
Median 3Y
16.2
Median 5Y
16.9
Industry
13.7
More Details
0.9
P/B
P/B
Price to Book Value
0.9
vs History
85
vs Industry
25
Median 3Y
1.3
Median 5Y
1.3
Industry
1.6
More Details
2.4
EV/S
EV/S
Enterprise Value to Sales
2.4
vs History
36
vs Industry
42
Median 3Y
2.2
Median 5Y
2.4
Industry
3.2
Forward
1.5
More Details
3.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
3.1
vs History
25
vs Industry
50
Median 3Y
2.5
Median 5Y
2.7
Industry
7.1
More Details
20.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
20.8
vs History
14
vs Industry
5
Median 3Y
16.2
Median 5Y
13
Industry
11.3
Forward
2.7
More Details
20.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
20.8
vs History
14
vs Industry
5
Median 3Y
16.2
Median 5Y
13
Industry
13.2
Forward
9.3
More Details
4.1
EV/OCF
EV/OCF
Enterprise Value to OCF
4.1
vs History
31
vs Industry
21
Median 3Y
3.9
Median 5Y
3.9
Industry
11.1
More Details
14.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
14.5
vs History
42
vs Industry
5
Median 3Y
13.6
Median 5Y
14
Industry
12.2
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
77
vs Industry
36
Median 3Y
1
Median 5Y
0.9
Industry
1.5
More Details

Multiples Across Competitors

TGS Competitors Multiples
TGS ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
TGS ASA
OSE:TGS
21.7B NOK 1.9 40.5 20.8 20.8
US
Schlumberger NV
NYSE:SLB
52.6B USD 1.5 11.7 6.9 9.7
US
Baker Hughes Co
NASDAQ:BKR
39.7B USD 1.5 17.7 9.8 13.2
US
Halliburton Co
NYSE:HAL
23B USD 1 9 5.6 7
LU
Tenaris SA
MIL:TEN
19.9B EUR 1.6 7.8 5.2 6.4
UK
TechnipFMC PLC
NYSE:FTI
12.2B USD 1.4 18.1 9.3 13.1
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
42.3B CNY 0.8 11.7 8.7 8.7
US
Nov Inc
NYSE:NOV
5.6B USD 0.6 5.3 5.5 7.7
IT
Saipem SpA
MIL:SPM
4.9B EUR 0.4 19 4.3 8.7
US
Weatherford International PLC
NASDAQ:WFRD
4.9B USD 0.9 9.2 4.4 5.9
US
ChampionX Corp
NASDAQ:CHX
5B USD 1.4 15.9 7.2 10.7
P/E Multiple
Earnings Growth P/E to Growth
NO
TGS ASA
OSE:TGS
Average P/E: 15.1
40.5
1 604%
0
US
Schlumberger NV
NYSE:SLB
11.7
37%
0.3
US
B
Baker Hughes Co
NASDAQ:BKR
17.7
53%
0.3
US
Halliburton Co
NYSE:HAL
9
17%
0.5
LU
Tenaris SA
MIL:TEN
7.8
-40%
N/A
UK
TechnipFMC PLC
NYSE:FTI
18.1
1 852%
0
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
11.7
54%
0.2
US
Nov Inc
NYSE:NOV
5.3
-33%
N/A
IT
Saipem SpA
MIL:SPM
19
248%
0.1
US
Weatherford International PLC
NASDAQ:WFRD
9.2
45%
0.2
US
ChampionX Corp
NASDAQ:CHX
15.9
44%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
TGS ASA
OSE:TGS
Average EV/EBITDA: 8
20.8
1 759%
0
US
Schlumberger NV
NYSE:SLB
6.9
34%
0.2
US
B
Baker Hughes Co
NASDAQ:BKR
9.8
46%
0.2
US
Halliburton Co
NYSE:HAL
5.6
9%
0.6
LU
Tenaris SA
MIL:TEN
5.2
-38%
N/A
UK
TechnipFMC PLC
NYSE:FTI
9.3
114%
0.1
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
8.7
103%
0.1
US
Nov Inc
NYSE:NOV
5.5
35%
0.2
IT
Saipem SpA
MIL:SPM
4.3
95%
0
US
Weatherford International PLC
NASDAQ:WFRD
4.4
29%
0.2
US
ChampionX Corp
NASDAQ:CHX
7.2
14%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
TGS ASA
OSE:TGS
Average EV/EBIT: 10.2
20.8
583%
0
US
Schlumberger NV
NYSE:SLB
9.7
43%
0.2
US
B
Baker Hughes Co
NASDAQ:BKR
13.2
61%
0.2
US
Halliburton Co
NYSE:HAL
7
9%
0.8
LU
Tenaris SA
MIL:TEN
6.4
-44%
N/A
UK
TechnipFMC PLC
NYSE:FTI
13.1
191%
0.1
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
8.7
47%
0.2
US
Nov Inc
NYSE:NOV
7.7
50%
0.2
IT
Saipem SpA
MIL:SPM
8.7
136%
0.1
US
Weatherford International PLC
NASDAQ:WFRD
5.9
45%
0.1
US
ChampionX Corp
NASDAQ:CHX
10.7
23%
0.5

See Also

Summary
TGS intrinsic value, competitors valuation, and company profile.
DCF Valuation
TGS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TGS stock valuation using valuation multiples.
Wall Street Estimates
TGS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TGS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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