Tenaris S.A. (TS)
Energy · NYQ
Price as at 1 Oct 2026, 02:59 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Tenaris S.A. trades at $55.18, which is 100% below the $110.39 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 57 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 15.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TS dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.20 | 1 |
| 2025 | $1.12 | 1 |
| 2024 | $1.34 | 2 |
| 2023 | $1.08 | 2 |
| 2022 | $0.900 | 2 |
| 2021 | $0.540 | 2 |
| 2020 | $0.140 | 1 |
| 2019 | $0.820 | 2 |
| 2018 | $0.820 | 2 |
| 2017 | $0.820 | 2 |
| 2016 | $0.860 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TS earnings and analyst estimates
Recommendation mix, 12 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TS passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
10 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$169.58M · 0.2% of book
- Marshall Wace, MARSHALL WACE, LLP$39.09M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$34.38M · 0.0% of book
- Ray Dalio, Bridgewater Associates, LP$31.53M · 0.1% of book
- Ken Griffin, CITADEL ADVISORS LLC$12.92M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in TS
Trades in TS disclosed by members of Congress and executive-branch officials, latest first:
- Greg Gianforte · HouseSell · $15,001 - $50,000 · traded 13 Nov 2020 · disclosed 2 Dec 2020
- Greg Gianforte · HouseSell · $50,001 - $100,000 · traded 4 Mar 2019 · disclosed 29 Mar 2019
- Donna Shalala · HouseSell · $1,001 - $15,000 · traded 15 Feb 2019 · disclosed 27 Apr 2020
- Greg Gianforte · HouseBuy · $15,001 - $50,000 · traded 21 Dec 2018 · disclosed 23 Jan 2019
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TS peers
The largest companies in the same industry (Oil & Gas Equipment & Services), then in the same sector.
- BKR Baker Hughes Company
- FTI TechnipFMC plc
- SEI Solaris Energy Infrastructure, Inc.
- OII Oceaneering International, Inc.
- WHD Cactus, Inc.
- FLOC Flowco Holdings Inc.
- NEXT NextDecade Corporation
- WBI WaterBridge Infrastructure LLC
Every energy company we cover is on the Energy hub.
Common questions
Is Tenaris S.A. (TS) undervalued?
Against our fair value estimate of $110.39, TS at $55.18 is 100% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TS?
10 of the institutions we track reported a position in TS in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TS's P/E ratio?
TS trades at 15.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Tenaris S.A. (TS) pay a dividend?
Yes. Tenaris S.A. yields 3.16% at the current share price. It has paid $1.20 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TS data?
Fundamentals for TS come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 02:59 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TS, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.