TGS Valuation
Is TGSo undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of TGSo when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TGSo (NOK120.25) is trading below our estimate of fair value (NOK173.25)
Significantly Below Fair Value: TGSo is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TGSo?
Other financial metrics that can be useful for relative valuation.
| What is TGSo's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$1.59b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.1x |
| Enterprise Value/EBITDA | 5.7x |
| PEG Ratio | 2.4x |
Price to Earnings Ratio vs Peers
How does TGSo's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 20.2x | ||
HTG Hunting | 7x | -11.2% | UK£651.9m |
GMS Gulf Marine Services | 5.6x | 8.5% | UK£184.0m |
POS Plexus Holdings | 52.3x | n/a | UK£14.5m |
ITH Ithaca Energy | 15.7x | 28.4% | UK£1.2b |
TGSO TGS | 18x | 45.6% | NOK 13.9b |
Price-To-Earnings vs Peers: TGSo is expensive based on its Price-To-Earnings Ratio (114.8x) compared to the peer average (21.3x).
Price to Earnings Ratio vs Industry
How does TGSo's PE Ratio compare vs other companies in the European Energy Services Industry?
Price-To-Earnings vs Industry: TGSo is expensive based on its Price-To-Earnings Ratio (114.8x) compared to the European Energy Services industry average (12.9x).
Price to Earnings Ratio vs Fair Ratio
What is TGSo's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 114.8x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TGSo's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | NOK 155.15 0% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| Jun ’25 | n/a | NOK 155.15 0% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| May ’25 | n/a | NOK 155.15 0% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| Apr ’25 | n/a | NOK 155.15 0% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| Mar ’25 | n/a | NOK 155.15 0% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| Feb ’25 | NOK 100.98 | NOK 155.15 +53.7% | 16.7% | NOK 199.36 | NOK 121.56 | n/a | 5 |
| Jan ’25 | NOK 132.90 | NOK 186.77 +40.5% | 13.0% | NOK 214.15 | NOK 146.07 | n/a | 5 |
| Dec ’24 | NOK 137.65 | NOK 186.77 +35.7% | 13.0% | NOK 214.15 | NOK 146.07 | n/a | 5 |
| Nov ’24 | NOK 149.10 | NOK 195.25 +31.0% | 14.5% | NOK 232.94 | NOK 150.13 | n/a | 5 |
| Oct ’24 | NOK 142.45 | NOK 209.18 +46.8% | 13.4% | NOK 234.72 | NOK 154.98 | n/a | 5 |
| Sep ’24 | n/a | NOK 204.94 0% | 10.0% | NOK 231.38 | NOK 168.81 | n/a | 6 |
| Aug ’24 | n/a | NOK 201.56 0% | 6.0% | NOK 220.27 | NOK 180.22 | n/a | 6 |
| Jul ’24 | NOK 158.10 | NOK 219.21 +38.7% | 10.3% | NOK 240.37 | NOK 182.25 | n/a | 6 |
| Jun ’24 | NOK 150.60 | NOK 228.66 +51.8% | 8.1% | NOK 249.70 | NOK 199.81 | n/a | 6 |
| May ’24 | n/a | NOK 230.08 0% | 9.6% | NOK 262.42 | NOK 202.06 | n/a | 6 |
| Apr ’24 | NOK 187.30 | NOK 232.00 +23.9% | 7.6% | NOK 256.91 | NOK 207.04 | n/a | 4 |
| Mar ’24 | NOK 182.70 | NOK 194.52 +6.5% | 13.4% | NOK 230.04 | NOK 153.73 | n/a | 6 |
| Feb ’24 | NOK 168.10 | NOK 173.09 +3.0% | 12.6% | NOK 201.17 | NOK 146.67 | NOK 100.98 | 6 |
| Jan ’24 | NOK 130.40 | NOK 163.04 +25.0% | 13.2% | NOK 198.48 | NOK 129.73 | NOK 132.90 | 6 |
| Dec ’23 | NOK 133.25 | NOK 173.78 +30.4% | 11.4% | NOK 209.65 | NOK 149.75 | NOK 137.65 | 6 |
| Nov ’23 | NOK 144.50 | NOK 173.78 +20.3% | 11.4% | NOK 209.65 | NOK 149.75 | NOK 149.10 | 6 |
| Oct ’23 | n/a | NOK 170.77 0% | 12.4% | NOK 201.20 | NOK 139.70 | NOK 142.45 | 6 |
| Sep ’23 | NOK 154.25 | NOK 170.77 +10.7% | 12.4% | NOK 201.20 | NOK 139.70 | n/a | 6 |
| Aug ’23 | n/a | NOK 162.32 0% | 25.0% | NOK 217.19 | NOK 86.94 | n/a | 6 |
| Jul ’23 | n/a | NOK 147.19 0% | 21.0% | NOK 177.82 | NOK 101.18 | NOK 158.10 | 6 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.