TGSGY (TGS ASA) ROCE %: 4.51% (As of Mar. 2026)

What is TGS ASA ROCE %?

TGS ASA TGSGY -3.86% 79 ROCE % is 4.51% as of Mar. 2026. GuruFocus rates TGSGY with a GF Score™ of 79/100 and a GF Value™ of $11.23 (Modestly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. TGS ASA's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.51%.

TGS ASA (OTCPK:TGSGY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

TGS ASA ROCE % Related Terms

TGS ASA ROCE % Historical Data

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The historical data trend for TGS ASA's ROCE % 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.

TGS ASA ROCE % Chart

TGS ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-6.54

10.66

4.61

8.83

6.36

TGS ASA Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															9.43	-3.17	16.58	3.93	4.51

79GF Score

TGS ASA TGSGY

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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TGS ASA ROCE % Calculation

TGS ASA's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	175.6	/	( ( (4037.8 - 1265)	+	(3933.6 - 1181.6) )	/ 2 )
	=	175.6	/	( (2772.8	+	2752)	/ 2 )
	=	175.6	/	2762.4
	=	6.36 %

TGS ASA's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	121.6	/	( ( (3933.6 - 1181.6)	+	(3888.4 - 1247.6) )	/ 2 )
	=	121.6	/	( ( 2752	+	2640.8 )	/ 2 )
	=	121.6	/	2696.4
	=	4.51 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 4.51% mean?

TGS ASA (TGSGY) has a ROCE % of 4.51% as of Mar. 2026.

Is TGS ASA's ROCE % too high?

TGS ASA's current ROCE % is 4.51%. The Oil & Gas industry median ROCE % is 6.79. TGS ASA's value of 4.51% is 33.6% below this industry median. Overall, TGS ASA has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TGS ASA's ROCE % compare to SLB and BKR?

TGS ASA's ROCE % of 4.51% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. TGS ASA's value of 4.51% is 33.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TGS ASA's current ROCE % of 4.51% is 33.6% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGS ASA's current ROCE % is 4.51%. 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 (TGSGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.23, compared to a current price of $13.69 — trading 21.9% above its estimated fair value. The current ROCE % is 4.51% and 33.6% below the Oil & Gas industry median of 6.79. TGS ASA's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For TGS ASA (TGSGY), the current ROCE % is 4.51% 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 (TGSGY) Overvalued in 2026?

Based on GuruFocus' analysis, TGS ASA stock appears to be overvalued. The current stock price of $13.69 is trading 21.9% above its estimated GF Value™ of $11.23. GuruFocus considers TGS ASA to be Modestly Overvalued.

Key valuation signals for TGSGY:

ROCE %: 4.51%
GF Value™: $11.23 vs. price of $13.69 (21.9% above fair value)
GF Score™: 79/100 with 7 warning signs
Industry Position: 33.6% below the Oil & Gas median

No single metric tells the full story. See the TGSGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TGS ASA Business Description

Industry Energy Oil & Gas

Comparable Companies OSL:AKSO OSL:BWO OSL:ENH OSL:SEA1 OSL:AKAST OSL:MORLD OSL:NORAM OSL:REACH OSL:PRS OSL:JACK SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges TGSNF:USA TGSo:Sweden TGS:Norway TGSo:UK 0MSJ:UK TGC:Germany

Address 10451 Clay Road, Houston, TX, USA, 77041

Website https://www.tgs.com

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.

79GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.69

Price

$11.23

GF Value

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