Ternium S.A. (TX) is a publicly traded company in the Basic Materials — Steel industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ternium S.A. is an international steel enterprise engaged in the production, processing, and sale of a wide range of steel products. Its extensive market presence covers Mexico, Argentina, Brazil, the United States, and numerous other countries across Central and South America, including Paraguay, Chile, Bolivia, Uruguay, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. The company operates through two primary divisions.
Is Ternium S.A. stock overvalued or undervalued in 2026?
As of October 4, 2026, Ternium S.A. (TX) trades at 16.0× earnings (P/E), against a median of 19.4× across the 146 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (16.0) does not tell whether it is cheap.
Kaplio overview: Ternium S.A.
Market cap $11B · 52 weeks $35 – $58 (0 % below the high) · P/E 16.0× · 2027 expected P/E 7.8× · Dividend 3.8 % · Next earnings November 3, 2026 · expected EPS $1.94 · Price as of Oct 4 · accounts published Aug 4.
- Valuation: P/E 16.0× (no verdict).
- Business: ROIC 4 % (weak).
- Balance sheet: Net debt/EBITDA 0.8× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (16.0) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 10.4 times.
What matters in materials: 3 of 8 pass
- FCF yield −2.6 %, fails.
- Gross margin 15.0 %, fails.
- Dividend coverage −0.4×, fails.
- Capex / D&A 3.2×, fails.
- Cycle-adjusted EV/EBITDA 6.7×, fails.
- Net debt / EBITDA (trough) 0.8×, passes.
- Altman Z-Score 2.4, passes.
- P/B across cycles 0.9×, passes.
Against its peers (reference peers) — Ternium S.A.: P/E 16.0×; EV/EBITDA 6.7×; ROIC 3.8 %; $11.4B. Gerdau S.A. (P/E 23.1×; EV/EBITDA 6.6×; ROIC 4.3 %; $9.2B), Commercial Metals Company (P/E 11.9×; EV/EBITDA 8.8×; ROIC 8.5 %; $7.0B), Hudbay Minerals Inc. (P/E 16.1×; EV/EBITDA 5.8×; ROIC 6.3 %; $11.9B).
Dividend
fragile · Yield 3.80 % ($2.70 per ADS in 2025) · 5-year growth +18 % a year · Free cash flow coverage 0.5× · With $1,000 invested today you'd collect $38.00 a year ($3.17 a month).
Profitability
| Return on Equity | 5.77% |
| Return on Invested Capital | 3.77% |
| Return on Assets | 2.84% |
| Gross Margin | 17.38% |
| Operating Margin | 7.48% |
| Net Margin | 4.37% |
Financial Health
| Debt / Equity | 0.24 |
| Current Ratio | 2.58 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 2.44 |
Price Performance
| 1 month | -0.05% |
| 3 months | +35.16% |
| Year-to-date | +51.79% |
| 1 year | +60.54% |
| 3 years | +58.30% |
| 5 years | +36.66% |
Dividend History
Paid in the last 12 months: $2.2000 per share in 2 payments.
| Date | Amount |
|---|---|
| 2026-05-14 | $1.3000 |
| 2025-11-10 | $0.9000 |
| 2025-05-09 | $1.8000 |
| 2024-11-18 | $0.9000 |
| 2024-05-02 | $2.2000 |
| 2023-11-10 | $1.1000 |
| 2023-05-04 | $1.8000 |
| 2022-11-14 | $0.9000 |
| 2022-05-05 | $1.8000 |
| 2021-11-12 | $0.8000 |
Amounts adjusted for stock splits.
Related companies: AXTA · CLF · CMC · EMN · ESI · EXP · GGB
Explore sector: Basic Materials · Steel
More sections of TX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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