Forward PE Ratio: 14.59
The forward PE ratio is 14.59 as of Thursday, July 9, 2026.
Forward PE Ratio (14.59) = Close Price ($54.92) / Consensus Forward EPS ($3.78)
TS Forward PE Ratio Metrics
FORWARD PE RATIO
14.59
TS Competitors' Forward PE Ratio
Tenaris S.A.
Market Cap
$29.47B
Forward PE Ratio
14.59
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Tenaris S.A. (TS) | $29.47B | 14.59 |
| Halliburton Company (HAL)vs › | $28.50B | 14.80 |
| Venture Global, Inc. (VG)vs › | $30.60B | 8.64 |
| EQT Corporation (EQT)vs › | $31.37B | 11.23 |
| Texas Pacific Land Corporation (TPL)vs › | $26.95B | 43.04 |
| Devon Energy Corporation (DVN)vs › | $26.11B | 8.09 |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 11.28 |
| First Solar, Inc. (FSLR)vs › | $24.55B | 12.65 |
| Expand Energy Corporation (EXE)vs › | $21.28B | 10.28 |
| Cameco Corporation (CCJ)vs › | $41.70B | 59.68 |
Trailing vs Forward
Trailing P/E
14.8
reported TTM EPS
Forward P/E
14.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.78 implies +1.6% EPS growth vs the reported trailing $3.72.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $54.92 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.78 | $3.20 – $4.21 | 6 | 14.5x |
| 2027-12-31 | $4.25 | $3.41 – $5.40 | 7 | 12.9x |
| 2028-12-31 | $4.56 | $4.34 – $4.79 | 5 | 12.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Tenaris S.A. (TS)?
- The forward PE ratio for TS stock is 14.59.
Related Metrics
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; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure. The company also offers cold-drawn pipes for use in boilers, superheaters, condensers, heat exchangers, automobile production, and other industrial applications; premium joints and couplings for use in high temperature or high pressure environments under the TenarisHydril brand name; coiled tubing is used for oil and gas drilling and well workovers and for subsea pipelines; sucker rods used in oil extraction activities, tubes used for plumbing and construction applications, and oilfield / hydraulic fracturing services; pipe coating services; and automotive components. In addition, it engages in the sale of energy and raw materials; development, management, and licensing of intellectual property; procurement and trading services; and financial operations, as well as markets steel products. Further, the company manufactures and markets connections; and welded and seamless steel pipes. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.àr.l.
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- CEO
- Paolo Rocca