P/E ratio for TGS ASA (TGS.OL)
P/E ratio as of April 2025 (TTM): 15.6
According to TGS ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6242. At the end of 2022 the company had a P/E ratio of 18.0.
P/E ratio history for TGS ASA from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.0 | -223.74% |
| 2021 | -14.6 | 33.84% |
| 2020 | -10.9 | -136.62% |
| 2019 | 29.7 | 112.78% |
| 2018 | 14.0 | -56.36% |
| 2017 | 32.0 | -59.11% |
| 2016 | 78.2 | -236.03% |
| 2015 | -57.5 | -661.75% |
| 2014 | 10.2 | 1.62% |
| 2013 | 10.1 | -16.87% |
| 2012 | 12.1 | -8.25% |
| 2011 | 13.2 | -10.37% |
| 2010 | 14.7 | 28.41% |
| 2009 | 11.5 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.