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TGS Valuation Multiples
Discover revenue and EBITDA valuation multiples for TGS and similar public comparables like CES Energy Solutions, Petrol Group, Delek Logistics, Teekay Tankers and more.
TGS Overview
About TGS
TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales.
Founded
1996
HQ
Employees
1.8K
Website
Sectors
Financials (LTM)
EV
$3B
TGS Financials
TGS reported last 12-month revenue of $2B and EBITDA of $893M.
In the same LTM period, TGS generated $1B in gross profit, $893M in EBITDA, and $44M in net income.
Revenue (LTM)
TGS P&L
In the most recent fiscal year, TGS reported revenue of $2B and EBITDA of $889M.
TGS expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $534M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $893M | XXX | $889M | XXX | XXX | XXX |
| EBITDA Margin | 59% | XXX | 58% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $44M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $500M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TGS Stock Performance
TGS has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
TGS's stock price is $13.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 2.6% | XXX | XXX | XXX | $0.09 |
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Start Free TrialTGS Valuation Multiples
TGS trades at 2.3x EV/Revenue multiple, and 3.8x EV/EBITDA.
EV / Revenue (LTM)
TGS Financial Valuation Multiples
As of April 17, 2026, TGS has market cap of $3B and EV of $3B.
Equity research analysts estimate TGS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TGS has a P/E ratio of 61.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 3.8x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBIT | 15.4x | XXX | 15.4x | XXX | XXX | XXX |
| EV/Gross Profit | 3.1x | XXX | 6.4x | XXX | XXX | XXX |
| P/E | 61.3x | XXX | 147.6x | XXX | XXX | XXX |
| EV/FCF | 13.9x | XXX | 9.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TGS Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TGS Margins & Growth Rates
TGS's revenue in the last 12 month declined by (0%).
TGS's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
TGS's rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TGS's rule of X is 55% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
TGS Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 59% | XXX | 58% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TGS Public Comps
See public comps and valuation multiples for other Clean Technology and Energy & Utilities Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TGS | XXX | XXX | XXX | XXX | XXX | XXX |
| CES Energy Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Petrol Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Delek Logistics | XXX | XXX | XXX | XXX | XXX | XXX |
| Teekay Tankers | XXX | XXX | XXX | XXX | XXX | XXX |
| Paz Retail And Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TGS M&A Activity
TGS acquired XXX companies to date.
Last acquisition by TGS was on XXXXXXXX, XXXXX. TGS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TGS
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialTGS Investment Activity
TGS invested in XXX companies to date.
TGS made its latest investment on XXXXXXXX, XXXXX. TGS invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TGS
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TGS
| When was TGS founded? | TGS was founded in 1996. |
| Where is TGS headquartered? | TGS is headquartered in Norway. |
| How many employees does TGS have? | As of today, TGS has over 1K employees. |
| Who is the CEO of TGS? | TGS's CEO is Kristian K. Johansen. |
| Is TGS publicly listed? | Yes, TGS is a public company listed on Oslo Børs. |
| What is the stock symbol of TGS? | TGS trades under TGS ticker. |
| When did TGS go public? | TGS went public in 1997. |
| Who are competitors of TGS? | TGS main competitors are CES Energy Solutions, Petrol Group, Delek Logistics, Teekay Tankers. |
| What is the current market cap of TGS? | TGS's current market cap is $3B. |
| What is the current revenue of TGS? | TGS's last 12 months revenue is $2B. |
| What is the current revenue growth of TGS? | TGS revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of TGS? | Current revenue multiple of TGS is 2.3x. |
| Is TGS profitable? | Yes, TGS is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TGS? | TGS's last 12 months EBITDA is $893M. |
| What is TGS's EBITDA margin? | TGS's last 12 months EBITDA margin is 59%. |
| What is the current EV/EBITDA multiple of TGS? | Current EBITDA multiple of TGS is 3.8x. |
| What is the current FCF of TGS? | TGS's last 12 months FCF is $246M. |
| What is TGS's FCF margin? | TGS's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of TGS? | Current FCF multiple of TGS is 13.9x. |
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