TGS NOPEC Geophysical Company ASA (TGS) - Net Assets

Latest as of December 2025: Nkr1.98 Billion NOK ≈ $208.44 Million USD

Based on the latest financial reports, TGS NOPEC Geophysical Company ASA (TGS) has net assets worth Nkr1.98 Billion NOK (≈ $208.44 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.93 Billion ≈ $413.93 Million USD) and total liabilities (Nkr1.95 Billion ≈ $205.49 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TGS NOPEC Geophysical Company ASA (TGS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr1.98 Billion
% of Total Assets	50.36%
Annual Growth Rate	3.66%
5-Year Change	77.59%
10-Year Change	69.42%
Growth Volatility	27.23

TGS NOPEC Geophysical Company ASA - Net Assets Trend (2000–2025)

This chart illustrates how TGS NOPEC Geophysical Company ASA's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of TGS NOPEC Geophysical Company ASA for the complete picture of this company's asset base.

Annual Net Assets for TGS NOPEC Geophysical Company ASA (2000–2025)

The table below shows the annual net assets of TGS NOPEC Geophysical Company ASA from 2000 to 2025. For live valuation and market cap data, see TGS NOPEC Geophysical Company ASA stock valuation.

Year	Net Assets	Change
2025-12-31	Nkr1.98 Billion ≈ $208.43 Million	-4.57%
2024-12-31	Nkr2.08 Billion ≈ $218.42 Million	+62.72%
2023-12-31	Nkr1.28 Billion ≈ $134.23 Million	+2.89%
2022-12-31	Nkr1.24 Billion ≈ $130.46 Million	+11.16%
2021-12-31	Nkr1.12 Billion ≈ $117.36 Million	-11.89%
2020-12-31	Nkr1.27 Billion ≈ $133.20 Million	-18.11%
2019-12-31	Nkr1.55 Billion ≈ $162.66 Million	+23.50%
2018-12-31	Nkr1.25 Billion ≈ $131.71 Million	+4.30%
2017-12-31	Nkr1.20 Billion ≈ $126.29 Million	+2.65%
2016-12-31	Nkr1.17 Billion ≈ $123.03 Million	-2.42%
2015-12-31	Nkr1.20 Billion ≈ $126.07 Million	-10.54%
2014-12-31	Nkr1.34 Billion ≈ $140.92 Million	+3.57%
2013-12-31	Nkr1.29 Billion ≈ $136.06 Million	+10.67%
2012-12-31	Nkr1.17 Billion ≈ $122.95 Million	+20.08%
2011-12-31	Nkr973.02 Million ≈ $102.39 Million	+7.07%
2010-12-31	Nkr908.77 Million ≈ $95.63 Million	+8.21%
2009-12-31	Nkr839.86 Million ≈ $88.38 Million	+27.05%
2008-12-31	Nkr661.06 Million ≈ $69.56 Million	+16.42%
2007-12-31	Nkr567.83 Million ≈ $59.75 Million	+19.03%
2006-12-31	Nkr477.04 Million ≈ $50.20 Million	+48.72%
2005-12-31	Nkr320.77 Million ≈ $33.75 Million	+33.91%
2004-12-31	Nkr239.54 Million ≈ $25.21 Million	+22.27%
2003-12-31	Nkr195.91 Million ≈ $20.62 Million	+18.04%
2002-12-31	Nkr165.97 Million ≈ $17.47 Million	-85.93%
2001-12-31	Nkr1.18 Billion ≈ $124.15 Million	+46.32%
2000-12-31	Nkr806.29 Million ≈ $84.84 Million	--

Equity Component Analysis

This analysis shows how different components contribute to TGS NOPEC Geophysical Company ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 22.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Nkr534.20 Million	26.98%
Other Components	Nkr1.45 Billion	73.02%
Total Equity	Nkr1.98 Billion	100.00%

TGS NOPEC Geophysical Company ASA Competitors by Market Cap

The table below lists competitors of TGS NOPEC Geophysical Company ASA ranked by their market capitalization.

Company	Market Cap
EREGLI DEM CEL FABR DL1 F:EDVA	$3.02 Billion
Giantec Semiconductor Corp SHG:688123	$3.03 Billion
HMS Networks AB (publ) ST:HMS	$3.03 Billion
FIBI Holdings Ltd TA:FIBIH	$3.03 Billion
BKV Corporation NYSE:BKV	$3.02 Billion
OceanaGold Corporation F:RQQ	$3.02 Billion
Aperam SA MC:APAM	$3.02 Billion
KCC Corporation KO:002380	$3.02 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TGS NOPEC Geophysical Company ASA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,075,165,000 to 1,980,200,000, a change of -94,965,000 (-4.6%).
Net income of 18,300,000 contributed positively to equity growth.
Dividend payments of 121,700,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr18.30 Million	+0.92%
Dividends Paid	Nkr121.70 Million	-6.15%
Other Changes	Nkr8.44 Million	+0.43%
Total Change	Nkr-	-4.58%

Book Value vs Market Value Analysis

This analysis compares TGS NOPEC Geophysical Company ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 14.51x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 93.43x to 14.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Nkr1.57	Nkr146.30	x
2003-12-31	Nkr1.85	Nkr146.30	x
2004-12-31	Nkr2.23	Nkr146.30	x
2005-12-31	Nkr2.99	Nkr146.30	x
2006-12-31	Nkr4.38	Nkr146.30	x
2007-12-31	Nkr5.31	Nkr146.30	x
2008-12-31	Nkr6.37	Nkr146.30	x
2009-12-31	Nkr8.06	Nkr146.30	x
2010-12-31	Nkr8.70	Nkr146.30	x
2011-12-31	Nkr9.41	Nkr146.30	x
2012-12-31	Nkr11.34	Nkr146.30	x
2013-12-31	Nkr12.46	Nkr146.30	x
2014-12-31	Nkr12.97	Nkr146.30	x
2015-12-31	Nkr11.72	Nkr146.30	x
2016-12-31	Nkr11.47	Nkr146.30	x
2017-12-31	Nkr11.65	Nkr146.30	x
2018-12-31	Nkr12.10	Nkr146.30	x
2019-12-31	Nkr14.13	Nkr146.30	x
2020-12-31	Nkr10.71	Nkr146.30	x
2021-12-31	Nkr9.46	Nkr146.30	x
2022-12-31	Nkr10.39	Nkr146.30	x
2023-12-31	Nkr10.03	Nkr146.30	x
2024-12-31	Nkr11.45	Nkr146.30	x
2025-12-31	Nkr10.08	Nkr146.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TGS NOPEC Geophysical Company ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.92%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.20%
• Asset Turnover: 0.39x
• Equity Multiplier: 1.99x
Recent ROE (0.92%) is below the historical average (12.80%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	26.66%	27.78%	0.59x	1.62x	Nkr134.29 Million
2001	28.98%	29.58%	0.61x	1.61x	Nkr223.87 Million
2002	17.85%	23.81%	0.54x	1.38x	Nkr13.03 Million
2003	14.49%	20.74%	0.55x	1.27x	Nkr8.80 Million
2004	16.14%	22.52%	0.50x	1.44x	Nkr14.70 Million
2005	20.31%	27.10%	0.52x	1.45x	Nkr33.06 Million
2006	31.63%	38.12%	0.59x	1.42x	Nkr103.19 Million
2007	23.78%	29.82%	0.53x	1.50x	Nkr78.23 Million
2008	17.21%	20.11%	0.59x	1.44x	Nkr47.69 Million
2009	19.35%	34.01%	0.42x	1.36x	Nkr78.49 Million
2010	17.14%	27.41%	0.47x	1.34x	Nkr64.91 Million
2011	17.54%	28.05%	0.46x	1.37x	Nkr73.40 Million
2012	24.35%	30.51%	0.56x	1.42x	Nkr167.64 Million
2013	20.82%	30.47%	0.51x	1.34x	Nkr139.89 Million
2014	16.11%	23.58%	0.52x	1.32x	Nkr81.81 Million
2015	-2.37%	-4.63%	0.42x	1.22x	Nkr-148.12 Million
2016	2.41%	6.19%	0.31x	1.26x	Nkr-88.69 Million
2017	6.30%	15.36%	0.35x	1.19x	Nkr-44.42 Million
2018	14.28%	29.11%	0.38x	1.30x	Nkr53.63 Million
2019	7.32%	19.32%	0.27x	1.42x	Nkr-41.47 Million
2020	-14.90%	-59.04%	0.16x	1.59x	Nkr-315.18 Million
2021	-6.81%	-14.65%	0.32x	1.46x	Nkr-187.52 Million
2022	7.10%	12.25%	0.39x	1.49x	Nkr-35.79 Million
2023	1.70%	2.73%	0.41x	1.53x	Nkr-105.86 Million
2024	4.54%	7.15%	0.33x	1.95x	Nkr-113.30 Million
2025	0.92%	1.20%	0.39x	1.99x	Nkr-179.72 Million

Industry Comparison

This section compares TGS NOPEC Geophysical Company ASA's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

Industry: Oil & Gas Equipment & Services
Average net assets among peers: $2,614,800,260
Average return on equity (ROE) among peers: 14.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TGS NOPEC Geophysical Company ASA (TGS)	Nkr1.98 Billion	26.66%	0.99x	$3.02 Billion
Akastor ASA (AKAST)	$5.86 Billion	28.21%	0.14x	$430.21 Million
Aker Solutions ASA (AKSO)	$18.95 Billion	61.40%	1.18x	$2.15 Billion
Argeo AS (ARGEO)	$4.20 Million	20.00%	0.36x	$2.98 Million
BW Offshore Ltd (BWO)	$70.49 Million	0.00%	2.41x	$959.18 Million
Eidesvik Offshore ASA (EIOF)	$928.05 Million	37.29%	1.52x	$132.10 Million
Electromagnetic Geoservices ASA (EMGS)	$77.97 Million	-98.39%	1.12x	$3.02 Million
Edda Wind ASA (EWIND)	$29.65 Million	-6.46%	2.07x	$308.89 Million
Prosafe SE (PRS)	$141.60 Million	100.64%	2.48x	$129.84 Million
Petrolia SE (PSE)	$40.82 Million	9.74%	0.54x	$36.96 Million
Reach Subsea (REACH)	$44.23 Million	-12.43%	0.15x	$220.82 Million

About TGS NOPEC Geophysical Company ASA

OL:TGS Norway Oil & Gas Equipment & Services

Market Cap

$3.02 Billion

Nkr28.74 Billion NOK

Market Cap Rank

#4960 Global

#28 in Norway

Share Price

Nkr146.30

Change (1 day)

-0.41%

52-Week Range

Nkr70.05 - Nkr159.00

All Time High

Nkr266.25