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. In the quarter to June 2026, revenue fell 3.86%, EPS fell 4.04%, free cash flow fell 33.3% and total debt fell 6.90%, each against the same quarter a year earlier.
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Tenaris S.A. (TS) P/E ratio
As of 16 October 2026, Tenaris S.A. (TS) trades at a P/E ratio of 15.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 372× (January 2017); the current reading is higher than 66% of that period. That is below the Oil & Gas Equipment & Services industry median of 22.5× and above the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 10.5× | 0.63% |
| FY2024 | 10.5× | 101.36% |
| FY2023 | 5.2× | (32.88%) |
| FY2022 | 7.7× | (30.56%) |
| FY2021 | 11.2× | — |
| FY2020 | 0.0× | — |
| FY2019 | 18.0× | 25.58% |
| FY2018 | 14.3× | (58.84%) |
| FY2017 | 34.8× | (90.30%) |
| FY2016 | 358× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 14.8× | (3.60%) |
| Mar 2026 | 15.4× | 46.11% |
| Dec 2025 | 10.5× | 9.55% |
| Sep 2025 | 9.6× | (5.39%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| WFRD Weatherford International PLC compare | 14.9× |
| TS Tenaris S.A. | 15.9× |
| HAL Halliburton Company compare | 17.5× |
| BKR Baker Hughes Company compare | 17.7× |
| FTI TechnipFMC plc compare | 23.7× |
| SLB SLB Limited compare | 23.8× |
| LB LandBridge Company LLC compare | 60.9× |
| SEI Solaris Energy Infrastructure, Inc. compare | 61.5× |
| NOV NOV Inc. compare | 72.8× |
| Oil & Gas Equipment & Services industry median | 22.5× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)