Tenaris S.A. risk profile
37 Normal where most of the sector sits
Measured 1 September 2026 from TS's filed statements. Recomputed nightly.
37 (Normal), driven by Operating pressure at 57, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 31 | Normal | Stable | One-year price volatility — 28.9% |
| Operating pressure | 57 | Elevated | Stable | Operating-margin drift — -6.7 percentage points |
| Cash conversion | 25 | Normal | Stable | Cash conversion — 1.34x |
| Leverage and coverage | 2 | Contained | Stable | Current ratio — 3.87x |
| Competitive position | 43 | Elevated | Stable | Operating-margin gap against peers — +2.2 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.