# Tenaris S.A. American (TS) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Energy Equipment & Services. Price $56.45, market value $28.5 billion.

## Valuation
- **P/E (trailing): 15.1×**. Tenaris S.A. American trades at 15.1× trailing earnings. The Energy median in the September 2026 study was 16.8×. Forward P/E is 13.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.9×**. Enterprise value is 8.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.0%**. Free cash flow equals 6.0% of the market value. Above 5% is generally attractive.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Gross margin: 33.9%**. Tenaris S.A. American keeps 33.9% of revenue after the direct cost of what it sells.
- **Operating margin: 18.6%**. 18.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 16.5%**. 16.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.7%**. 11.7% on shareholders' equity is solid.
- **Return on invested capital: 11.0%**. Return on all capital, debt included, is 11.0%.
- **Return on assets: 9.5%**. Each dollar of assets produces 9.5% of profit.

## Growth
- **Revenue growth (1 yr): -4.3%** (3-yr 0.6%/yr, 5-yr 18.4%/yr). Revenue fell 4.3% over the last year, against 18.4% a year compounded over five years: growth is slowing.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Tenaris S.A. American holds more cash than debt.
- **Interest coverage: 45.7×**. Operating profit covers interest 45.7× over, a safe margin.
- **Altman Z-score: 7.42**. A Z-score of 7.42 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.22%** ($1.19 per share, trailing). Tenaris S.A. American yields 4.22%, an income-level yield.
- **Payout ratio: 46%**. 46% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 64.8%/yr** (1-yr 26.9%). The dividend has compounded at 64.8% a year over five years, doubling roughly every 1 years at that pace.

## Price and momentum
- **Total return (1 yr): 60.6%** (YTD 49.7%, 3-mo -8.1%). The shares are up 60.6% over twelve months including dividends.
- **From 52-week high: -12.6%** (67.8% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.44** (volatility 29%). Beta of 0.44 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TS · Page: https://foliofundamentals.com/stocks/ts

Not investment advice.