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Friday 6 November 2026 Export TS’s income statement to Excel — free account

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Tenaris S.A. (TS) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Tenaris S.A. (TS) trades at a P/B ratio of 1.7×. Over the past ten years it has ranged from 0.5× (March 2020) to 17.3× (February 2015); the current reading is higher than 85% of that period. That is in line with the Oil & Gas Equipment & Services industry median of 1.6× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (4.79%)
FY2024 1.3× 6.04%
FY2023 1.2× (15.30%)
FY2022 1.4× 38.69%
FY2021 1.0× 23.66%
FY2020 0.8× (25.00%)
FY2019 1.1× 3.48%
FY2018 1.1× (35.69%)
FY2017 1.6× (11.08%)
FY2016 1.9× 58.43%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.6× (6.87%)
Mar 2026 1.7× 44.82%
Dec 2025 1.2× 8.01%
Sep 2025 1.1× (6.15%)
42 more quarters

Against its own ten years

Low 0.5× High 17.3×
Ten-year median 1.2×
Current reading's percentile 86

P/B ratio against peers

Company P/B ratio
NOV NOV Inc. compare 1.0×
TS Tenaris S.A. 1.7×
BKR Baker Hughes Company compare 2.2×
HAL Halliburton Company compare 2.4×
WHD Cactus, Inc. compare 2.5×
SLB SLB Limited compare 2.7×
AROC Archrock, Inc. compare 2.9×
WFRD Weatherford International PLC compare 3.0×
FTI TechnipFMC plc compare 7.3×
Oil & Gas Equipment & Services industry median 1.6×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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