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Tenaris S.A. (TS)
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Tenaris S.A. (TS) PB Ratio: 1.74

Is Tenaris S.A.’s P/B ratio high or low?

Tenaris S.A.'s P/B ratio of 1.74 is 38% above its 5-year average of 1.26, near the high end of its 5-year range (0.94–2.00).

21.38% above its 12-month average of 1.43.

TS PB Ratio Chart

TS PB Ratio
1.74+43.80% 1Y
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TS Average PB Ratio Chart

TS Current vs Average PB Ratio Chart

TS PB Ratio Metrics

PB RATIO

1.74

PB RATIO AVG TTM

1.43

PB RATIO AVG 3Y

1.18

PB RATIO AVG 5Y

1.21

PB RATIO AVG 10Y

1.29

PB RATIO AVG 15Y

1.47

PB RATIO AVG 20Y

1.62

CURRENT VS TTM AVG

+21.38%

CURRENT VS 3Y AVG

+47.03%

CURRENT VS 5Y AVG

+43.24%

CURRENT VS 10Y AVG

+34.67%

CURRENT VS 15Y AVG

+18.62%

CURRENT VS 20Y AVG

+7.52%

TS Competitors' PB Ratio

NAMEMARKET CAPPB RATIOTTM3Y5Y
Tenaris S.A. (TS)$30.70B1.741.431.181.21
EQT Corporation (EQT)vs ›$31.74B1.261.521.321.31
Venture Global, Inc. (VG)vs ›$26.91B3.284.826.146.14
Cameco Corporation (CCJ)vs ›$46.38B12.719.075.954.62
Antero Midstream Corporation (AM)vs ›$10.31B5.364.623.713.10
Occidental Petroleum Corporation (OXY)vs ›$51.54B1.331.331.591.79
ONEOK, Inc. (OKE)vs ›$53.57B2.402.252.813.48
Enphase Energy, Inc. (ENPH)vs ›$6.89B6.235.3111.7329.36
Weatherford International plc (WFRD)vs ›$6.59B3.763.635.835.49
California Resources Corporation (CRC)vs ›$4.91B1.681.381.511.87

P/B vs. its own history

At 1.74, P/B is in its normal range, sitting higher than 56% of its 20-year history.

20-year low

0.48

median

1.55

20-year high

6.37

cheaperricher

Book Value Analysis

P/B Ratio

1.74

Market Price / Book Value per Share

Tenaris S.A. PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Tenaris S.A. PB Ratio FAQ

What is the P/B ratio for Tenaris S.A. (TS)?
The P/B ratio for TS stock is 1.74.
Is Tenaris S.A.'s P/B ratio high or low?
Tenaris S.A.'s P/B ratio of 1.74 is 38% above its 5-year average of 1.26, near the high end of its 5-year range (0.94–2.00).
What is the TTM average P/B ratio for Tenaris S.A. (TS)?
The TTM average P/B ratio for TS stock is 1.43.
What is the 3Y average P/B ratio for Tenaris S.A. (TS)?
The 3Y average P/B ratio for TS stock is 1.18.
What is the 5Y average P/B ratio for Tenaris S.A. (TS)?
The 5Y average P/B ratio for TS stock is 1.21.
What is the 10Y average P/B ratio for Tenaris S.A. (TS)?
The 10Y average P/B ratio for TS stock is 1.29.
What is the 15Y average P/B ratio for Tenaris S.A. (TS)?
The 15Y average P/B ratio for TS stock is 1.47.
What is the 20Y average P/B ratio for Tenaris S.A. (TS)?
The 20Y average P/B ratio for TS stock is 1.62.

Tenaris S.A. PB Ratio History

DATEPB RATIO
2026-06-181.74
2026-06-171.80
2026-06-161.83
2026-06-151.87
2026-06-121.91
2026-06-111.88
2026-06-101.87
2026-06-091.86
2026-06-081.91
2026-06-051.87
2026-06-041.94
2026-06-031.95
2026-06-021.94
2026-06-011.90
2026-05-291.85
2026-05-281.82
2026-05-271.85
2026-05-261.91
2026-05-221.87
2026-05-211.88
2026-05-201.85
2026-05-191.85
2026-05-181.89
2026-05-151.88
2026-05-141.91
2026-05-131.93
2026-05-121.90
2026-05-111.88
2026-05-081.82
2026-05-071.79
2026-05-061.95
2026-05-051.99
2026-05-041.95
2026-05-011.99
2026-04-302.00
2026-04-291.99
2026-04-281.98
2026-04-271.98
2026-04-241.98
2026-04-231.96
2026-04-221.95
2026-04-211.90
2026-04-201.87
2026-04-171.84
2026-04-161.84
2026-04-151.81
2026-04-141.85
2026-04-131.89
2026-04-101.88
2026-04-091.85
2026-04-081.84
2026-04-071.84
2026-04-061.83
2026-04-021.82
2026-04-011.81
2026-03-311.82
2026-03-301.79
2026-03-271.83
2026-03-261.83
2026-03-251.79
2026-03-241.79
2026-03-231.79
2026-03-201.75
2026-03-191.76
2026-03-181.73
2026-03-171.75
2026-03-161.69
2026-03-131.65
2026-03-121.68
2026-03-111.70
2026-03-101.68
2026-03-091.67
2026-03-061.64
2026-03-051.65
2026-03-041.68
2026-03-031.66
2026-03-021.71
2026-02-271.70
2026-02-261.70
2026-02-251.70
2026-02-241.69
2026-02-231.68
2026-02-201.64
2026-02-191.68
2026-02-181.57
2026-02-171.56
2026-02-131.54
2026-02-121.49
2026-02-111.54
2026-02-101.50
2026-02-091.50
2026-02-061.48
2026-02-051.45
2026-02-041.47
2026-02-031.46
2026-02-021.41
2026-01-301.40
2026-01-291.42
2026-01-281.40
2026-01-271.42
2026-01-261.39
2026-01-231.40
2026-01-221.40
2026-01-211.40
2026-01-201.34
2026-01-161.32
2026-01-151.31
2026-01-141.34
2026-01-131.32
2026-01-121.28
2026-01-091.26
2026-01-081.28
2026-01-071.25
2026-01-061.28
2026-01-051.28
2026-01-021.23
2025-12-311.22
2025-12-301.23
2025-12-291.22
2025-12-261.21
2025-12-241.21
2025-12-231.21
2025-12-221.21
2025-12-191.19
2025-12-181.20
2025-12-171.26
2025-12-161.25
2025-12-151.27
2025-12-121.28
2025-12-111.29
2025-12-101.29
2025-12-091.28
2025-12-081.29
2025-12-051.29
2025-12-041.31
2025-12-031.30
2025-12-021.26
2025-12-011.28
2025-11-281.27
2025-11-261.26
2025-11-251.25
2025-11-241.25
2025-11-211.26
2025-11-201.25
2025-11-191.27
2025-11-181.27
2025-11-171.27
2025-11-141.29
2025-11-131.29
2025-11-121.29
2025-11-111.30
2025-11-101.30
2025-11-071.28
2025-11-061.28
2025-11-051.27
2025-11-041.26
2025-11-031.29
2025-10-311.26
2025-10-301.26
2025-10-291.20
2025-10-281.19
2025-10-271.17
2025-10-241.13
2025-10-231.16
2025-10-221.12
2025-10-211.10
2025-10-201.10
2025-10-171.09
2025-10-161.09
2025-10-151.08
2025-10-141.09
2025-10-131.08
2025-10-101.06
2025-10-091.12
2025-10-081.15
2025-10-071.15
2025-10-061.14
2025-10-031.15
2025-10-021.14
2025-10-011.17
2025-09-301.13
2025-09-291.13
2025-09-261.15
2025-09-251.13
2025-09-241.13
2025-09-231.14
2025-09-221.13
2025-09-191.13
2025-09-181.14
2025-09-171.15
2025-09-161.18
2025-09-151.16
2025-09-121.16
2025-09-111.17
2025-09-101.16
2025-09-091.14
2025-09-081.13
2025-09-051.13
2025-09-041.16
2025-09-031.14
2025-09-021.15
2025-08-291.18
2025-08-281.18
2025-08-271.17
2025-08-261.17
2025-08-251.17
2025-08-221.19
2025-08-211.17
2025-08-201.16
2025-08-191.16
2025-08-181.16
2025-08-151.16
2025-08-141.17
2025-08-131.17
2025-08-121.17
2025-08-111.15
2025-08-081.16
2025-08-071.15
2025-08-061.15
2025-08-051.16
2025-08-041.13
2025-08-011.13
2025-07-311.13
2025-07-301.21
2025-07-291.24
2025-07-281.23
2025-07-251.24
2025-07-241.24
2025-07-231.26
2025-07-221.23
2025-07-211.20
2025-07-181.19
2025-07-171.20
2025-07-161.21
2025-07-151.21
2025-07-141.24
2025-07-111.26
2025-07-101.24
2025-07-091.25
2025-07-081.26
2025-07-071.24
2025-07-031.25
2025-07-021.26
2025-07-011.20
2025-06-301.21
2025-06-271.22
2025-06-261.21
2025-06-251.18
2025-06-241.18
2025-06-231.18
2025-06-201.21
2025-06-181.21
2025-06-171.22
2025-06-161.20
2025-06-131.19
2025-06-121.19
2025-06-111.20
2025-06-101.20
2025-06-091.17
2025-06-061.15

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

About Tenaris S.A.

Headquartered in Luxembourg and founded in 2001, Tenaris S.A., a subsidiary of Techint Holdings S.à r.l., is a prominent global manufacturer and distributor of steel tubular products. The company specializes in both seamless and welded steel pipes, offering a comprehensive suite of associated services. While its primary focus is the oil and gas industry, Tenaris also caters to a wide array of other industrial applications. Its extensive product catalog includes various steel casings, diverse tubing options, mechanical and structural piping, cold-drawn pipes, and premium joints and couplings. Furthermore, they supply coiled tubing vital for oil and gas drilling, well workovers, and subsea pipelines, alongside umbilical tubing products and a broad range of tubular accessories. Beyond these core offerings, Tenaris provides sucker rods, industrial machinery, heat exchangers, and utility conduits for construction. The company also engages in the sale of energy and raw materials, and offers financial services. Tenaris maintains a significant international footprint, with operations spanning North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region.

Luxembourg City
25,874 employees
Energy / Oil & Gas Equipment & Services
Sector
Energy
Industry
Oil & Gas Equipment & Services
CEO
Paolo Rocca