3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
TGS ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -2.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TGS ASA's 3-Year ROIIC % or its related term are showing as below:
TGSNF's 3-Year ROIIC % is ranked worse than 54.69% of 927
companies
in the Oil & Gas industry
Industry Median: -0.02
vs TGSNF: -2.74
TGS ASA (OTCPK:TGSNF) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
TGS ASA 3-Year ROIIC % Related Terms
TGS ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TGS ASA's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TGS ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TGS ASA's 3-Year ROIIC % falls into.
TGS ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 34.8755 (Dec. 2025) - 103.3094622 (Dec. 2022) )
/
( 4093.3 (Dec. 2025) - 1717.519 (Dec. 2022) )
=
-68.4339622
/
2375.781
=
-2.88%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
TGS ASA (TGSNF) has a 3-Year ROIIC % of -2.74 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TGS ASA and its competitors. According to the industry distribution chart, TGS ASA ranks #507 out of 927 companies in the Oil & Gas industry, placing it in the top 54.7%.
Is TGS ASA's 3-Year ROIIC % too high?
TGS ASA's current 3-Year ROIIC % is -2.74. Based on the distribution chart, TGS ASA ranks #507 out of 927 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 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, TGS ASA ranks #507 out of 927 companies for 3-Year ROIIC %. This places TGS ASA in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TGS ASA and its competitors. TGS ASA's current 3-Year ROIIC % is -2.74. 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 3-Year ROIIC % is -2.74. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For TGS ASA (TGSNF), the current 3-Year ROIIC % is -2.74 as of Dec. 2025. 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:
3-Year ROIIC %: -2.74
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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