Tenaris S.A. (TS) Valuation — DCF, Graham & Comparables

Tenaris S.A. (TS) — Price $60.31 (closing price, October 30, 2026) — Energy — Oil & Gas Equipment & Services — NYSE

Latest reported results:

Valuation dashboard for Tenaris S.A. (TS) with P/E 16.48, P/B 1.79, EV/EBITDA 10.43 and dividend yield 2.88%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Analysis Summary

Tenaris S.A. reported revenue of $11.98B in the most recent fiscal year, growing at a 5-year CAGR of 18.4%.

Trailing-twelve-month margins: gross margin 33.7%, operating margin 18.7%, net margin 15.9%.

At $60.31 (closing price, October 30, 2026), TS trades at a P/E of 16.48 and an ROE of 11.22%. Market capitalisation stands at $32.4B, placing it among large-cap names.

Balance sheet quality for TS: current ratio of 3.9. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio16.48
Price / Book1.79
EV / EBITDA10.43
Dividend Yield2.88%

Valuation Models

DCF Fair Value$136.42
vs Current Price+126.2%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
TSTenaris S.A.$32.4B16.481.7911.2%
BKRBaker Hughes Company$54.8B18.982.7214.8%
WFRDWeatherford International plc$6.6B16.163.3322.5%
NESRNational Energy Services Reunited Corp.$2.1B23.262.069.4%
SLBSlb N.V.$79.3B26.343.0611.8%
HALHalliburton Company$29.9B15.132.7018.5%
NOVNOV Inc.$6.9B48.221.102.3%
WHDCactus, Inc.$4.6B45.633.518.2%

Price

Price$60.31 (closing price, October 30, 2026)
Market Cap$32.4B
ExchangeNYSE
CountryLU

Profitability

Return on Equity11.22%
Return on Invested Capital9.67%
Return on Assets9.35%
Gross Margin33.72%
Operating Margin18.71%
Net Margin15.87%

Related companies: BKR · WFRD · NESR · SLB · HAL · NOV · WHD

Explore sector: Energy · Oil & Gas Equipment & Services

More sections of TS: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks