Tenaris S.A.

TS Energy Oil & Gas Equipment & Services

Tenaris S.A.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, down 4.33% from fiscal 2024.

Revenue
−3.86%
EPS
−4.04%
Free cash flow
−33.3%
Total debt
−6.90%

Quarter to June 2026, against a year earlier

56.62 0.70 +1.25%
Market cap
$28.5B
P/E
15.1×
Fwd P/E
—
Dividend yield
1.02%
F-score
6/9
Altman Z
6.38
Beneish M
−2.55
Dividend safety
69/100

Tenaris S.A. (TS) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Tenaris S.A. (TS) trades at a EV/EBITDA of 9.1×. Over the past ten years it has ranged from 3.0× (October 2023) to 831× (March 2021); the current reading is higher than 47% of that period. That is above the Oil & Gas Equipment & Services industry median of 8.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 6.1× (0.16%)
FY2024 6.1× 72.05%
FY2023 3.6× (32.99%)
FY2022 5.3× (42.00%)
FY2021 9.2× (98.32%)
FY2020 544× 5,921.69%
FY2019 9.0× 13.84%
FY2018 7.9× (59.55%)
FY2017 19.6× (40.64%)
FY2016 33.1× 172.14%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 8.9× (0.15%)
Mar 2026 9.0× 46.42%
Dec 2025 6.1× 10.52%
Sep 2025 5.5× (8.83%)
42 more quarters

Against its own ten years

Low 3.0× High 831×
Ten-year median 9.4×
Current reading's percentile 47

EV/EBITDA against peers

Company EV/EBITDA
WFRD Weatherford International PLC compare 7.2×
NOV NOV Inc. compare 7.5×
HAL Halliburton Company compare 8.0×
AROC Archrock, Inc. compare 8.0×
WHD Cactus, Inc. compare 8.7×
TS Tenaris S.A. 9.1×
SLB SLB Limited compare 11.1×
BKR Baker Hughes Company compare 11.2×
FTI TechnipFMC plc compare 11.7×
Oil & Gas Equipment & Services industry median 8.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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