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TGS ASAOSL:TGS +1.32%89 EV-to-OCF is 4.03 as of Aug. 07, 2026, which is 7% below its 10-year median of 4.33. GuruFocus rates OSL:TGS with a GF Score™ of 89/100 and a GF Value™ of kr108.78 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,023 Oil & Gas companies, TGS ASA ranks better than 59.63% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, TGS ASA's Enterprise Value is kr32,165 Mil.
TGS ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was kr7,990 Mil. Therefore, TGS ASA's EV-to-OCF for today is 4.03.
The historical rank and industry rank for TGS ASA's EV-to-OCF or its related term are showing as below:
OSL:TGS'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.82 Med: 4.33 Max: 9.15
Current: 4.03
During the past 13 years, the highest EV-to-OCF of TGS ASA was 9.15. The lowest was 1.82. And the median was 4.33.
OSL:TGS's EV-to-OCF is ranked better than 59.63% of 1023
companies
in the Oil & Gas industry
Industry Median: 5.65
vs OSL:TGS: 4.03
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-07), TGS ASA's stock price is kr130.80.
TGS ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was kr4.819. Therefore, TGS ASA's PE Ratio (TTM) for today is 27.14.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
TGS ASA's share price for today is kr130.80.
TGS ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr4.819.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
TGS ASA EV-to-OCF Related Terms
TGS ASA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for TGS ASA's EV-to-OCF 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.
For the Oil & Gas Equipment & Services subindustry, TGS ASA's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TGS ASA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where TGS ASA's EV-to-OCF falls into.
TGS ASA's current Enterprise Value is kr32,165 Mil.
TGS ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr7,990 Mil.
* 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.
TGS ASA (OSL:TGS) has a EV-to-OCF of 4.03 as of Aug. 07, 2026. This is near median its historical median of 4.33. Over the past decade, TGS ASA's EV-to-OCF has ranged from 1.82 to 9.15. According to the industry distribution chart, TGS ASA ranks #413 out of 1023 companies in the Oil & Gas industry, placing it in the top 40.4%.
Is TGS ASA's EV-to-OCF too high?
TGS ASA's current EV-to-OCF of 4.03 is near median its 10-year median of 4.33. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 9.15. The Oil & Gas industry median EV-to-OCF is 5.65. TGS ASA's value of 4.03 is 28.7% below this industry median. Based on the distribution chart, TGS ASA ranks #413 out of 1023 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TGS ASA has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TGS ASA's EV-to-OCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, TGS ASA ranks #413 out of 1023 companies for EV-to-OCF. This puts TGS ASA in the upper half of its industry. The industry median EV-to-OCF is 5.65. TGS ASA's value of 4.03 is 28.7% below this benchmark. Historically, TGS ASA's own EV-to-OCF has ranged from 1.82 to 9.15 over the past decade. While the company's 10-year median is 4.33 vs. the industry median of 5.65, TGS ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.65, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TGS ASA's current EV-to-OCF of 4.03 is 28.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGS ASA's current EV-to-OCF is 4.03, which is near median its own 10-year median of 4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGS ASA stock overvalued right now?
Based on GuruFocus' analysis, TGS ASA (OSL:TGS) is currently considered Modestly Overvalued. The stock's GF Value™ is kr108.78, compared to a current price of kr130.80 — trading 20.2% above its estimated fair value. The current EV-to-OCF is 4.03, which is near median its 10-year median of 4.33 and 28.7% below the Oil & Gas industry median of 5.65. TGS ASA's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For TGS ASA (OSL:TGS), the current EV-to-OCF is 4.03 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TGS ASA (OSL:TGS) Overvalued in 2026?
Based on GuruFocus' analysis, TGS ASA stock appears to be overvalued.
The current stock price of kr130.80 is trading 20.2% above its estimated GF Value™ of kr108.78.
GuruFocus considers TGS ASA to be Modestly Overvalued.
Key valuation signals for OSL:TGS:
EV-to-OCF: 4.03 (near median its 10-year median of 4.33)
GF Value™: kr108.78 vs. price of kr130.80 (20.2% above fair value)
Industry Position: 28.7% below the Oil & Gas median (#413 of 1023)
No single metric tells the full story. See the OSL:TGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TGS ASA provides energy data and related services, offering technology and solutions that support decision-making across the energy value chain, including exploration and production activities. The company's business activities are organized in the following segments: Multi-client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services. The majority of the company's revenue is derived from the Multi-client sales segment, which initiates, acquires, processes, markets and sells energy data to multiple customers on a non-exclusive basis. Geographically, it generates the maximum revenue from Africa and the Middle East.
89GF Score
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