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TGS ASA (TGS.OL)

NOK132.50 -1.50 (-1.12%)
NO OSL Energy Oil & Gas Equipment & Services
Address Askekroken 11 277
Oslo, NO
CEO Kristian Kuvaas Johansen
Website tgs.com
IPO 2000-01-03
ISIN NO0003078800

Explore sections of this company profile

Also trades on Oslo Stock Exchange · TGS.OL (NOK) Other OTC · TGSGY (USD) Other OTC · TGSNF (USD)
Description

TGS ASA specializes in delivering geoscience information and accompanying services to the global petroleum exploration and production sector. The company provides a wide array of multi-client geophysical datasets, most notably seismic information, and its extensive geophysical archive also comprises gravity, magnetic, seep, geothermal, controlled source electromagnetic, and multibeam data types. The firm’s geological offerings extend to digital well logs, sophisticated interpretation tools, and integrated data solutions. Additionally, TGS offers a comprehensive suite of imaging services, featuring depth and time imaging, support for various acquisition modalities (marine, land, ocean bottom cables/nodes), and advanced processing techniques such as anisotropic, transition zone, multi-component, shear wave, 4D time-lapse, and wide azimuth data processing. It further supplies analytical data tools and solutions, and develops PRIMA, a versatile exploration software platform. Formerly operating as TGS-NOPEC Geophysical Company ASA, the enterprise officially rebranded to TGS ASA in June 2021. Established in 1981, its corporate headquarters are located in Oslo, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK132.50 -1.50 (-1.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
626.0K
Beta
-0.06
Float Shares
195.95M
Free Float %
99.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.29% +0.88% +21.14% +34.60% +54.56% +58.51% +76.23% -7.34% +24.11% +14.53% +613.60%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
132.50
DCF (Unlevered) 1,159.62 +775.2%
DCF (Levered) 1,555.85 +1,074.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 38% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 3 0
Sell 2 -1
Strong Sell 0 0
Quality scores
Altman Z-Score
1.43
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Equipment & Services: +6.7%
    +15.8% Q1'26: -42.4% (vs Q1'25)
  • EPS growth Oil & Gas Equipment & Services: +14.3%
    -84.2% Q1'26: -212.2% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%
    +25.2% Q1'26: +66.7% (vs Q1'25)
  • EBIT margin Oil & Gas Equipment & Services: +10.9%
    +12.2% Q1'26: +7.8% (vs Q1'25)
  • ROIC Oil & Gas Equipment & Services: +6.7%
    +4.3% Q1'26: +2.1% (vs Q1'25)
  • Share dilution Oil & Gas Equipment & Services: +0.3%
    +12.2% Q1'26: -1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×
    0.95× Q1'26: 8.92× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.09) × ERP
WACC = 79% × Ke + 21% × Kd (10.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,140.34 Current price: 132.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
5 EPS Ana.
Dec 2027
7 Rev. Ana.
6 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Revenue
477.70M
est: 86.05M (+455.2%)
568.26M
est: 97.74M (+481.4%)
608.57M
est: 104.24M (+483.8%)
932.24M
est: 157.59M (+491.6%)
883.44M
est: 156.65M (+464.0%)
914.79M
est: 138.05M (+562.6%)
612.35M
est: 615.62M (-0.5%)
455.99M
est: 445.65M (+2.3%)
492.18M
est: 479.92M (+2.6%)
614.24M
est: 636.31M (-3.5%)
585.61M
est: 790.54M (-25.9%)
319.45M
est: 443.48M (-28.0%)
518.69M
est: 397.46M (+30.5%)
716.63M
est: 770.30M (-7.0%)
794.30M
est: 74.36M (+968.2%)
1.32B
est: 1.61B (-18.2%)
1.53B
est: 1.52B (+0.7%)
1.40B
1.31B – 1.51B
-7.4% YoY
1.55B
1.35B – 1.69B
+10.5% YoY
1.62B
1.46B – 1.76B
+4.7% YoY
EBITDA
228.56M
est: 21.70M (+953.1%)
237.57M
est: 44.70M (+431.5%)
489.89M
est: 42.46M (+1,053.8%)
832.65M
est: 58.53M (+1,322.5%)
731.01M
est: 69.15M (+957.1%)
756.59M
est: 57.91M (+1,206.5%)
495.78M
est: 22.95M (+2,060.5%)
363.41M
est: -2.04M (+17,892.9%)
411.81M
est: 8.15M (+4,954.1%)
517.43M
est: 15.69M (+3,198.8%)
460.13M
est: 39.54M (+1,063.7%)
267.37M
est: 8.84M (+2,923.6%)
395.50M
est: 8.97M (+4,308.0%)
540.97M
est: 9.60M (+5,534.4%)
400.26M
est: 45.29M (+783.8%)
572.22M
est: 985.13M (-41.9%)
900.50M
est: 923.29M (-2.5%)
854.54M
797.08M – 918.99M
-7.4% YoY
943.85M
822.42M – 1.03B
+10.5% YoY
988.44M
890.22M – 1.07B
+4.7% YoY
EBIT
219.86M
est: 42.46M (+417.8%)
227.79M
est: 41.19M (+453.0%)
241.39M
est: 42.20M (+472.0%)
407.90M
est: 58.20M (+600.9%)
384.80M
est: 67.49M (+470.2%)
289.10M
est: 59.67M (+384.5%)
-24.34M
est: 23.96M (-201.6%)
53.67M
est: -1.54M (+3,579.8%)
99.96M
est: 7.74M (+1,191.5%)
237.76M
est: 14.82M (+1,504.2%)
134.40M
est: 37.35M (+259.8%)
-220.77M
est: 8.76M (-2,621.3%)
-82.62M
est: 8.88M (-1,029.9%)
134.15M
est: 9.51M (+1,311.0%)
69.65M
est: 6.97M (+899.4%)
304.11M
est: 151.59M (+100.6%)
186.70M
est: 142.07M (+31.4%)
131.49M
122.65M – 141.41M
-7.4% YoY
145.23M
126.55M – 158.83M
+10.5% YoY
152.09M
136.98M – 165.01M
+4.7% YoY
Net Income
162.47M
est: 17.96M (+804.5%)
155.78M
est: 31.84M (+389.2%)
170.69M
est: 28.95M (+489.6%)
284.45M
est: 41.32M (+588.4%)
269.18M
est: 47.73M (+464.0%)
215.68M
est: 41.49M (+419.8%)
-28.37M
est: 17.55M (-261.7%)
28.22M
est: -2.06M (+1,469.4%)
75.59M
est: 4.12M (+1,735.5%)
178.80M
est: 11.50M (+1,454.9%)
113.11M
est: 29.03M (+289.6%)
-188.60M
est: 7.68M (-2,556.4%)
-75.98M
est: 7.79M (-1,075.4%)
87.80M
est: 8.34M (+953.2%)
21.65M
est: 3.86M (+461.5%)
94.22M
est: 2.48M (+3,694.6%)
18.30M
est: 49.88M (-63.3%)
172.64M
106.32M – 238.97M
+246.1% YoY
242.64M
96.26M – 389.01M
+40.5% YoY
281.14M
141.65M – 420.64M
+15.9% YoY
SGA
est: 9.53M (-100.0%)
est: 10.13M (-100.0%)
est: 10.28M (-100.0%)
est: 14.65M (-100.0%)
est: 14.63M (-100.0%)
est: 13.15M (-100.0%)
est: 7.56M (-100.0%)
est: 4.72M (-100.0%)
est: 7.65M (-100.0%)
est: 8.30M (-100.0%)
est: 11.42M (-100.0%)
est: 5.86M (-100.0%)
est: 5.95M (-100.0%)
est: 6.36M (-100.0%)
131.04M
est: 2.45M (+5,240.9%)
est: 53.37M (-100.0%)
est: 50.02M (-100.0%)
46.30M
43.18M – 49.79M
-7.4% YoY
51.14M
44.56M – 55.92M
+10.5% YoY
53.55M
48.23M – 58.10M
+4.7% YoY
EPS
1.58
est: 0.26 (+511.3%)
1.52
est: 0.26 (+487.9%)
1.67
est: 0.28 (+486.9%)
2.79
est: 0.47 (+498.7%)
2.63
est: 0.45 (+487.8%)
2.12
est: 0.38 (+451.0%)
-0.28
est: 1.20 (-123.3%)
0.28
est: 0.30 (-7.3%)
0.74
est: 0.55 (+33.9%)
1.75
est: 1.38 (+26.4%)
1.05
est: 1.72 (-39.0%)
-1.61
est: -1.37 (-17.5%)
-0.65
est: -0.08 (-690.7%)
0.75
est: 0.71 (+5.5%)
0.17
est: 0.02 (+788.2%)
0.58
est: 0.78 (-26.1%)
0.09
est: 0.25 (-63.7%)
0.84
0.52 – 1.18
+237.3% YoY
1.15
0.47 – 1.91
+38.0% YoY
1.38
0.70 – 2.07
+19.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 B 3/5 4/5 2/5 3/5 2/5 1/5 4/5
2026-04-29 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-28 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-27 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-24 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-23 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-04-22 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
355.71M
OE per share TTM
1.79
Owner's Yield
1.23%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
44.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 96 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - MSCI Norway ETF NORW 1.25% 1.08M 0.50%
2 iShares MSCI Norway ETF ENOR 1.25% 1.15M 0.53%
3 Amundi STOXX Europe 600 Energy ESG Screened LOGS.DE 0.70% 1.84M 0.30%
4 Amundi STOXX Europe 600 Energy Screened UCITS ETF Dist OIGS.DE 0.70% 1.84M 0.30%
5 iShares International Developed Small Cap Value Factor ETF ISVL 0.36% 1.14M 0.31%
6 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.36% 1.23M 0.23%
7 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.36% 1.23M 0.23%
8 iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE 0.35% 2.42M 0.20%
9 Avantis International Small Cap Value ETF AVDV 0.30% 57.17M 0.36%
10 iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) EXH1.DE 0.30% 1.65M 0.47%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
101.4K
Shares Outstanding
196.46M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kristian Kuvaas Johansen Chief Executive Officer 17M male
Wadii El Karkouri Executive Vice President of Imaging & Technology 8M male
Carel Hooijkaas Executive Vice President of Marine Data Acquisition 7M male
David Hajovsky Executive Vice President of Multi-Client 7M male
Sven Børre Larsen Chief Financial Officer 7M male
Tana L. Pool Executive VP of Legal & Sustainability and General Counsel 7M female
Will Ashby Executive Vice President of Business Development 6M male
Whitney Eaton Executive Vice President of People & Communication 5M female
Scott Michell Senior Vice President of Imaging male
Jaclyn Townsend Director of Corporate Marketing female
Bård Stenberg Vice President of IR & Business Intelligence male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits