P/E ratio for Tenaris (TS)
P/E ratio as of May 2024 (TTM): 5.02
According to Tenaris's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.01857. At the end of 2022 the company had a P/E ratio of 8.14.
P/E ratio history for Tenaris from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.14 | -27.43% |
| 2021 | 11.2 | -175.9% |
| 2020 | -14.8 | -182.04% |
| 2019 | 18.0 | 25.67% |
| 2018 | 14.3 | -65.3% |
| 2017 | 41.3 | -91.06% |
| 2016 | 462 | 822.37% |
| 2015 | 50.1 | 228.42% |
| 2014 | 15.3 | -9.2% |
| 2013 | 16.8 | 14.86% |
| 2012 | 14.6 | -11.07% |
| 2011 | 16.5 | -35.51% |
| 2010 | 25.5 | 16.04% |
| 2009 | 22.0 | 276.5% |
| 2008 | 5.84 | -57.57% |
| 2007 | 13.8 | -8.96% |
| 2006 | 15.1 | 42.6% |
| 2005 | 10.6 | 43.09% |
| 2004 | 7.41 | -69.69% |
| 2003 | 24.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NOV NOV | 14.9 | 196.38% | 🇺🇸 USA |
 ArcelorMittal MT | 5.41 | 7.80% | 🇱🇺 Luxembourg |
 YPF
(Yacimientos Petrolíferos Fiscales)
YPF | 5.68 | 13.21% | 🇦🇷 Argentina |
 Omega Flex OFLX | 29.4 | 486.77% | 🇺🇸 USA |
 Ternium
TX | 28.6 | 470.84% | 🇱🇺 Luxembourg |
 Valmont Industries
VMI | 35.6 | 609.06% | 🇺🇸 USA |
 U.S. Steel
X | 7.35 | 46.50% | 🇺🇸 USA |
 Mueller Water Products
MWA | 39.1 | 679.55% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.