Tenaris S.A.
Research Tenaris S.A. (TS) on Bullrun: valuation model: 9.6% undervalued, market cap USD 27.56B, P/E 14.6, dividend yield 2.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTS
- ExchangeNYSE
- CountryLuxembourg
- SectorEnergy
- IndustryOil & Gas Equipment & Services
- CurrencyUSD
- Valuation signal9.6% undervalued
- Market capUSD 27.56B
- P/E14.6
- Dividend yield2.2%
- Financial periodQ2 2026
- RevenueUSD 2.97B
- Net incomeUSD 477.14M
- Free cash flowUSD 396.07M
- Gross margin33.2%
Valuation Snapshot
Bullrun's latest valuation model marks Tenaris S.A. as 9.6% undervalued; latest market cap is USD 27.56B; P/E is 14.6; dividend yield is 2.2%.
Peer valuation comparison
Latest P/E is 14.58x versus a Energy sector median of 14.75x.
Latest dividend yield is 2.21% versus a Energy sector median of 3.8% (41.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 11.98B | USD 1.93B | USD 1.97B | 34.4% | 3.69 | USD 572.65M | USD 448.97M | USD 16.60B |
| FY2024 | USD 12.52B | USD 2.04B | USD 2.16B | 35.0% | 3.6 | USD 675.26M | USD 582.32M | USD 16.59B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 27.56B | 14.6 | 2.2% | 1.2 |
| 2025 | 2025-12-31 | USD 20.17B | 10.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 20.49B | 10.5 | 3.5% | 1.34 |
| 2023 | 2023-12-29 | USD 20.30B | 5.7 | 3.1% | 1.08 |
| 2022 | 2022-12-30 | USD 20.75B | 9.8 | 2.6% | 0.9 |
| 2021 | 2021-12-31 | USD 12.31B | 11.2 | 2.6% | 0.54 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.2 USD, yield 2.2%.
About Tenaris S.A.
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. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed;
Related stock research
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Frequently asked questions
Is Tenaris S.A. overvalued or undervalued?
Bullrun's valuation model currently marks Tenaris S.A. as 9.6% undervalued.
What is Tenaris S.A.'s market cap?
Tenaris S.A.'s market capitalization is USD 27.56B.
What is Tenaris S.A.'s P/E ratio?
Tenaris S.A.'s price-to-earnings (P/E) ratio is 14.6.
Does Tenaris S.A. pay a dividend?
Tenaris S.A. has a dividend yield of 2.2%.
What does Tenaris S.A. do?
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.