ðə nˈeɪm ʌvðə vˈɪlɪdʒ ɹᵻflˈɛkts ðə lˈɔŋ ænd mˈɪkst hˈɪstɚɹi ʌvðə vˈɪlɪdʒ, bˌiːɪŋ ɐn ˈoʊld nˈɔːɹs nˈeɪm, θˌoːɹskɐvˈɑːɡɚ ɔːɹ θˈoːɹskɐvˌɪk, mˈɑːdɚn noːɹwˈiːdʒən tˈoːɹskɐvˌæɡ ɔːltˈɜːnətˌɪvli tˈoːɹskɐvˌɪk, wˌɪtʃ tɹænslˈeɪts æz "kˈɑːd bˈeɪ" ɪn ˈɪŋɡlɪʃ.
The name of the village reflects the long and mixed history of the village, being an Old Norse name, þorskavágr (or þorskavík), modern Norwegian Torskavåg (alternatively Torskavik), which translates as "Cod Bay" in English.