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TGS ASA (CHIX:TGSO) Cyclically Adjusted FCF per Share : kr9.98 (As of Mar. 2025)


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What is TGS ASA Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

TGS ASA's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr6.119. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is kr9.98 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TGS ASA's average Cyclically Adjusted FCF Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of TGS ASA was 6.10% per year. The lowest was 0.40% per year. And the median was 4.30% per year.

As of today (2025-05-28), TGS ASA's current stock price is kr78.975. TGS ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr9.98. TGS ASA's Cyclically Adjusted Price-to-FCF of today is 7.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TGS ASA was 40.73. The lowest was 7.42. And the median was 15.59.


TGS ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TGS ASA's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TGS ASA Cyclically Adjusted FCF per Share Chart

TGS ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.59 8.98 9.13 11.58 9.14

TGS ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.82 9.53 11.80 9.14 9.98

Competitive Comparison of TGS ASA's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, TGS ASA's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TGS ASA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TGS ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TGS ASA's Cyclically Adjusted Price-to-FCF falls into.


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TGS ASA Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, TGS ASA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.119/136.1000*136.1000
=6.119

Current CPI (Mar. 2025) = 136.1000.

TGS ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -6.010 100.100 -8.171
201509 3.839 100.600 5.194
201512 -1.798 100.900 -2.425
201603 5.054 102.500 6.711
201606 -3.000 103.800 -3.934
201609 2.572 104.200 3.359
201612 2.612 104.400 3.405
201703 7.625 105.000 9.883
201706 0.692 105.800 0.890
201709 -1.506 105.900 -1.935
201712 4.416 106.100 5.665
201803 6.563 107.300 8.325
201806 4.200 108.500 5.268
201809 0.643 109.500 0.799
201812 -2.403 109.800 -2.979
201903 11.489 110.400 14.164
201906 0.374 110.600 0.460
201909 -3.381 111.100 -4.142
201912 7.762 111.300 9.492
202003 -0.533 111.200 -0.652
202006 -2.604 112.100 -3.162
202009 0.033 112.900 0.040
202012 0.059 112.900 0.071
202103 6.197 114.600 7.360
202106 1.580 115.300 1.865
202109 -0.033 117.500 -0.038
202112 2.826 118.900 3.235
202203 1.979 119.800 2.248
202206 4.603 122.600 5.110
202209 0.654 125.600 0.709
202212 2.596 125.900 2.806
202303 8.784 127.600 9.369
202306 -3.048 130.400 -3.181
202309 3.616 129.800 3.792
202312 2.836 131.900 2.926
202403 0.727 132.600 0.746
202406 0.655 133.800 0.666
202409 6.399 133.700 6.514
202412 3.268 134.800 3.300
202503 6.119 136.100 6.119

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


TGS ASA  (CHIX:TGSo) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

TGS ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=78.975/9.98
=7.91

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TGS ASA was 40.73. The lowest was 7.42. And the median was 15.59.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


TGS ASA Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of TGS ASA's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


TGS ASA Business Description

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Lilleakerveien 4C, Oslo, NOR, 0283
TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales.

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