profit from every NOK 100 of sales.
NOK 0NOK 100
TGS
NOK 139.30+0.72% today
+63.9% in 1 year
1-year low NOK 85.001-year high NOK 159.00
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 156.47 for every NOK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What TGS sold, what it kept, and what it did with the cash.
Sales went from $717 million in 2022 to $1.53 billion in 2025, with $18.3 million of profit last year.
SalesProfit
TGS handed back 32% of the cash it generated last year.
$122M
Free cash flow 2025$381M
Bought back its own shares$0
Paid as dividends$122M
Cash vs. debt$212M vs. $918M
TGS vs. similar companies
TGS grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| TGS | 156.5× · Very expensive | ||
 SLB | 22.6× · Fair price | ||
 Baker Hughes | 19.0× · Fair price | ||
 Tenaris | 16.0× · Fair price | ||
 Halliburton | 21.8× · Fair price |
AI analysis
An AI analyst reads TGS's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 717 | 794 | 1,318 | 1,527 | |
| 292 | 254 | 502 | 534 | |
| 151 | 61 | 200 | 187 | |
| 541 | 393 | 682 | 889 | |
| 88 | 22 | 94 | 18 | |
| 0.74 | 0.17 | 0.57 | 0.09 | |
| 40.7% | 32.0% | 38.1% | 35.0% | |
| 21.1% | 7.7% | 15.2% | 12.2% | |
| 12.3% | 2.7% | 7.1% | 1.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,839 | 1,956 | 4,038 | 3,934 |
| Cash | 187 | 197 | 123 | 212 |
| Total debt | 149 | 133 | 899 | 918 |
| Total liabilities | 603 | 681 | 1,962 | 1,953 |
| 1,236 | 1,275 | 2,075 | 1,980 | |
| 119 | 127 | 165 | 199 | |
| 7.6% | 3.5% | 4.8% | 4.7% | |
| 7.1% | 1.7% | 4.5% | 0.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 343 | 585 | 629 | 850 | |
| 225 | 438 | 436 | 469 | |
| 119 | 146 | 193 | 381 | |
| Dividends paid | 66 | 71 | 92 | 122 |
| 7 | 54 | 0 | 0 | |
| – | – | – | – |
Valuation
- 156.5×
- –
- –
- 1.5×
- 1.9×
- 7.5×
- 4.0×
- 13.3%
- 0.6%
- 4.3%
Profitability
- 35.0%
- 12.2%
- 1.2%
- –
- 4.7%
- 5.1%
- –
- –
- –
- –
Growth
- +28.7%
- −50.5%
- –
- –
- +18.7%
Financial health
- 0.8×
- 0.46
- –
- 2.3×
- 0.64
- –
- –
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 29%of 467
Bottom 48%of 466
Bottom 2%of 387
Top 9%of 461
Top 13%of 460
4.3%of the share price, paid each year
On $1,000 invested$43a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
665.0% of its profit
Room to growStretchedMore than it earns: 32.0%
News
TGS expects NGL project financing close by December with ~$1.4B syndicated loan, while targeting net leverage peak below 2.5xSeeking Alpha · Oct 30, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
43No pass
Philip Fisher
23No pass
Peter Lynch
40No pass
Joel Greenblatt
16No pass
Charlie Munger
16No pass
Terry Smith
22No pass
Questions about TGS
Is TGS a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the TGS AI analysis
What does TGS do?
TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments. It is in Oil & Gas Equipment & Services, based in Houston, TX, United States, with 1,640 employees.
Does TGS pay a dividend?
Yes. At today's price the dividend is 4.3% a year. In 2025 it paid out NOK 122 million in dividends.
Is TGS stock halal?
Questionable. TGS sits in a grey zone: its debt is 32% of its market value, between 30% and 33%. How we check
How has TGS stock done over the past year?
Up 63.9% over the past twelve months, to NOK 139.30. It traded between NOK 85.00 and NOK 159.00 and is 12.4% below its high.
Who are TGS's competitors?
The largest listed companies in the same industry are SLB, Baker Hughes, Tenaris and Halliburton. The peers table on this page compares their profit, growth and price with TGS's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.