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TS
Tenaris SA
NYSE· Energy· Oil & Gas Equipment & Services· CUSIP 88031M109
$56.37-3.92%Price as of Oct 23, 00:43 UTC · updated once a day, after the close
At a glance
Tenaris SA (TS) is listed on NYSE and classified in Oil & Gas Equipment & Services, part of the Energy sector. It is headquartered in Luxembourg, Luxembourg and has 26,000 employees. The company is worth $28.46B and trades at 15.0x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $11.98B in fiscal 2025, down 4.3% from the year before. Net income was $1.93B. The share price is 12.7% below its 52-week high of $64.60. It pays a dividend yielding 3.16%, and has raised its annual dividend for 5 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $169.58M. In that quarter, 4 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $28.46B
- P/E
- 15.0x
- Forward P/E
- 13.4x
- P/B
- 3.4x
- Dividend yield
- 3.16%
- Payout
- 47.47%
- EPS
- $3.75
- ROE
- 11.58%
- Profit margin
- 15.88%
- Revenue growth
- -3.90%
- Beta
- 0.48
- 52-week high
- $64.60
- 52-week low
- $35.79
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +201.2% over 5Y.
today you would have $3,152.12▲ +215.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $38.45 | $37.79 | $34.76 | $35.16 | |
| P/E | 9.3x | 10.5x | 10.4x | 5.2x | 8.1x |
| P/S | 3.3x | 3.2x | 3.3x | 2.7x | 3.5x |
| P/B | 2.4x | 2.3x | 2.5x | 2.4x | 3.0x |
| EPS | $3.66 | $3.62 | $6.64 |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$37.65
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$11.84
Earnings growing 0.0% a year plus a 3.2% dividend yield. Growth capped at 25%.
Earnings
$55.28
Median P/E of 14.7 among peers in the sector.
Earnings
$34.83
Median P/E of 9.3 across this company’s own years on record.
Cash flow
$32.24
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$25.54
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$44.85
Dividend growing 4.4% a year against a 7.0% required return, from the stock’s beta.
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| PBAPembina Pipeline Corp | $49.37 | 24.1x | 2.7x | 4.19% | 10.47% | $28.71B |
| HALHalliburton Co | $33.19 | 17.8x | 2.5x | 2.05% | 18.78% | $27.65B |
| CQPCheniere Energy Partners, L.P. | $63.57 | 12.0x | 8.3x | 5.14% | 1516.91% | $30.77B |
| FTITechnipFMC plc | $66.82 |
About the company
- 26,000
- Luxembourg, Luxembourg
