Tenaris S.A.
Research Tenaris S.A. (TS) on Bullrun: valuation model: 1.8% overvalued, market cap USD 28.95B, P/E 15.3, dividend yield 2.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTS
- ExchangeNYSE
- CountryLuxembourg
- SectorEnergy
- IndustryOil & Gas Equipment & Services
- CurrencyUSD
- Valuation signal1.8% overvalued
- Market capUSD 28.95B
- P/E15.3
- Dividend yield2.1%
- 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 1.8% overvalued; latest market cap is USD 28.95B; P/E is 15.3; dividend yield is 2.1%.
Peer valuation comparison
Latest P/E is 15.31x versus a Energy sector median of 15.51x.
Latest dividend yield is 2.07% versus a Energy sector median of 3.64% (43.1% 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 1.98B | 34.4% | 3.66 | USD 572.65M | USD 448.97M | USD 16.60B |
| FY2024 | USD 12.52B | USD 2.04B | USD 2.16B | 35.0% | 3.62 | USD 675.26M | USD 582.32M | USD 16.59B |
| FY2023 | USD 14.87B | USD 3.92B | USD 3.78B | 41.7% | 6.64 | USD 1.64B | USD 717.87M | USD 16.84B |
| FY2022 | USD 11.76B | USD 2.55B | USD 769.87M | 39.7% | 4.32 | USD 1.09B | USD 840.94M | USD 13.91B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 28.95B | 15.3 | 2.1% | 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 2.1%.
| Year | Dividends/share |
|---|---|
| FY2024 | 1.34 USD |
| FY2023 | 1.08 USD |
| FY2022 | 0.9 USD |
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;
ETFs that hold Tenaris S.A.
Tenaris S.A. is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| VanEck Oil Services UCITS ETF | 10.76% | 0.35% |
| iShares MSCI Europe Energy Sector UCITS ETF | 1.94% | 0.18% |
Related stock research
Other Energy stocks
Frequently asked questions
Is Tenaris S.A. overvalued or undervalued?
Bullrun's valuation model currently marks Tenaris S.A. as 1.8% overvalued.
What is Tenaris S.A.'s market cap?
Tenaris S.A.'s market capitalization is USD 28.95B.
What is Tenaris S.A.'s P/E ratio?
Tenaris S.A.'s price-to-earnings (P/E) ratio is 15.3.
Does Tenaris S.A. pay a dividend?
Tenaris S.A. has a dividend yield of 2.1%.
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.