TGS ASATGSNF +5.95%80 Return-on-Tangible-Equity is -83.08% as of Mar. 2026. GuruFocus rates TGSNF with a GF Score™ of 80/100 and a GF Value™ of $11.40 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 945 Oil & Gas companies, TGS ASA ranks worse than 67.94% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TGS ASA's annualized net income for the quarter that ended in Mar. 2026 was $-43 Mil. TGS ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $52 Mil. Therefore, TGS ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -83.08%.
The historical rank and industry rank for TGS ASA's Return-on-Tangible-Equity or its related term are showing as below:
TGSNF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -215.67 Med: 20.73 Max: 86.54
Current: -1.81
During the past 13 years, TGS ASA's highest Return-on-Tangible-Equity was 86.54%. The lowest was -215.67%. And the median was 20.73%.
TGSNF's Return-on-Tangible-Equity is ranked worse than 67.94% of 945
companies
in the Oil & Gas industry
Industry Median: 6.74
vs TGSNF: -1.81
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TGS ASA Return-on-Tangible-Equity Related Terms
TGS ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TGS ASA's Return-on-Tangible-Equity 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.
TGSNF vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, TGS ASA's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TGS ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TGS ASA's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -83.08% mean?
TGS ASA (TGSNF) has a Return-on-Tangible-Equity of -83.08% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TGS ASA and its competitors. According to the industry distribution chart, TGS ASA ranks #642 out of 945 companies in the Oil & Gas industry, placing it in the top 67.9%.
Is TGS ASA's Return-on-Tangible-Equity too high?
TGS ASA's current Return-on-Tangible-Equity is -83.08%. Based on the distribution chart, TGS ASA ranks #642 out of 945 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, TGS ASA has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TGS ASA's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, TGS ASA ranks #642 out of 945 companies for Return-on-Tangible-Equity. This places TGS ASA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.74, based on 945 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TGS ASA and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGS ASA's current Return-on-Tangible-Equity is -83.08%. 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 (TGSNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.40, compared to a current price of $13.90 — trading 21.9% above its estimated fair value. The current Return-on-Tangible-Equity is -83.08%. TGS ASA's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TGS ASA (TGSNF), the current Return-on-Tangible-Equity is -83.08% as of Mar. 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 (TGSNF) Overvalued in 2026?
Based on GuruFocus' analysis, TGS ASA stock appears to be overvalued.
The current stock price of $13.90 is trading 21.9% above its estimated GF Value™ of $11.40.
GuruFocus considers TGS ASA to be Modestly Overvalued.
Key valuation signals for TGSNF:
Return-on-Tangible-Equity: -83.08%
GF Value™: $11.40 vs. price of $13.90 (21.9% above fair value)
No single metric tells the full story. See the TGSNF 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.
80GF Score
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