TS P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TS's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
TS P/E ratio by year
Yearly range of TS’s p/e ratio from 2016 to 2026. Over the full period it ranged from -275.0 to 1,015.6, averaging 34.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 10.8 | 15.0 | 17.2 | 15.1 |
| 2025 | 9.1 | 10.4 | 12.1 | 10.6 |
| 2024 | 4.7 | 6.3 | 10.6 | 10.6 |
| 2023 | 4.6 | 5.9 | 8.5 | 5.7 |
| 2022 | 7.2 | 10.8 | 16.8 | 9.8 |
| 2021 | -21.9 | 31.5 | 107.6 | 11.2 |
| 2020 | -56.3 | -15.6 | 18.6 | -14.8 |
| 2019 | 12.7 | 16.3 | 20.2 | 18.0 |
| 2018 | 14.4 | 33.0 | 47.6 | 14.4 |
| 2017 | 46.6 | 294.5 | 1,015.6 | 57.2 |
| 2016 | -275.0 | -209.4 | -34.5 | -273.4 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TS P/E ratio High or Low Right Now?
Tenaris S.A.'s P/E ratio is currently 15.1, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for TS is approximately 12.3. See all TS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.