Tenaris

Tenaris P/TBV

The Price to Tangible Book Value (P/TBV) of Tenaris (TEN.MI) as of Nov 3, 2026 is 1.92. In the previous year, Price to Tangible Book Value (P/TBV) was 1.96 — a change of -2.02% (lower).

P/TBV

1.92

YoY

-2.02%

Last updated:

Price to Tangible Book Value (P/TBV) of Tenaris is 2025 1.92 . Price to Tangible Book Value (P/TBV) of Tenaris was 2024 1.96 . It decreases by -2.02% lower compared to the previous year.

The Tenaris P/TBV history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/TBV
Date
P/TBV
Jan 1, 2018
2.89 USD
Jan 1, 2019
2.86 USD
Jan 1, 2020
3.04 USD
Jan 1, 2021
2.82 USD
Jan 1, 2022
2.37 USD
Jan 1, 2023
1.93 USD
Jan 1, 2024
1.96 USD
Jan 1, 2025
1.92 USD
The Tenaris P/TBV history
YEARP/TBVYoY
1.92-2.02%
1.96+1.51%
1.93-18.73%
2.37-15.88%
2.82-7.24%
3.04+6.23%
2.86-0.97%
2.89-5.10%
3.05-4.38%
3.19+1.16%
3.15-16.45%
3.77—

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Tenaris Stock analysis

What does Tenaris do? Tenaris SA generates revenue by manufacturing and supplying steel pipe products through its Tubes business segment. The company produces seamless and welded steel tubular products, utilizing round steel bars and flat steel products as raw materials for its pipes business. These offerings are primarily directed at the oil and gas industry, specifically providing oil country tubular goods (OCTG) for drilling operations, as well as serving other industrial applications involving the transformation of steel into tubular products. The firm sells a diverse range of products and services to customers in geographical areas including North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its portfolio includes OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive solutions. These items cater to the needs of clients requiring specialized tubular products and related services for various industrial and energy sector applications. Tenaris is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Tenaris stock

Price to Tangible Book Value (P/TBV) of Tenaris is 1.92 in 2025.

Price to Tangible Book Value (P/TBV) of Tenaris changed from 1.96 to 1.92, representing a -2.02% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Price to Tangible Book Value (P/TBV) Tenaris since 2006 – with annual values, charts, and detailed analysis.

P/TBV compares the stock price to tangible book value per share, excluding goodwill and intangibles. It provides a conservative asset-based valuation.

To evaluate Price to Tangible Book Value (P/TBV)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Price to Tangible Book Value (P/TBV).

A 'good' varies by industry and company stage. On Eulerpool, you can compare Price to Tangible Book Value (P/TBV)'s Tenaris with sector peers and the industry average to assess whether it is attractive.

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Valuation — Tenaris

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