Tenaris stock
TSNYSETenaris S.A., EnergyISIN US88031M1099
78Score 78 out of 100, Strong
Price and trend
81 / 100
Price history
+49% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 7.2% above it.
Since November 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 60).
The price is 4.8% below its 52-week high. Largest decline in 20 years: 88% (June 2008 to October 2020).
Chart figures for advanced users
- SMA 50$57.51
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$56.85
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)60
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$37.76
- The lowest closing price of the last twelve months.
- Resistance$64.02
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Tenaris S.A. belongs to the Oil & Gas Equipment & Services industry (Luxembourg) and, with a market value of $30.75B, is number 3 of 52 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $11.98B (down 4.3% year on year) and earnings of $1.93B (down 5.1%).
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- MEQIRI Score 78 out of 100 (Strong): rank 14 of 266 in Energy, median 60.
- The P/E is 7.8 (Oil & Gas Equipment & Services median 25.3, own median of recent years 10.8).
- Our model puts fair value at $167.77, with the price 64% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Modestly valuedP/E 7.8, Oil & Gas Equipment & Services median 25.3, own median 10.8.Valuation 100
- Below fair valuePrice 64% below the fair value of $167.77.Valuation 100
- Growing faster than its industryRevenue up 18.4% a year since 2020, Oil & Gas Equipment & Services median 11%.Growth 67
Weaknesses
- Analysts expect falling earningsDown 5.5% a year through 2028 (estimates from 6 analysts).Growth 67
Its standout strengths are valuation and stability.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 77 to 78.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $129.05 and expensive above $239.67 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $137.68 (cash-flow model) and $197.85 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $156.43, at 7.8% it would be $184.75.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (25.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 3% on the twelve months before. Revenue has changed sharply in recent years: $11.98B in 2025 after $14.87B in 2023.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 34%, operating 19%, net 16%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 97 days
- Last reported
- 4 Nov 2026above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 3.78+0.3%
- Revenue
- $12.21B−0.1%
- Earnings per share
- 4.28−0.7%
- Revenue
- $13.01B−0.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −7.0%Outlook not changed: second half revenue and EBITDA in line with the first half, with the third quarter weaker; the affected Middle East business stays out of the forecast.
“Having said that, if we talk about the outlook, the guidance that we have given is that -- in the second half of 2026, we expect revenues and EBITDA in line with the first half with clearly a third quarter that is more affected and more in line with the second quarter.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Tenaris
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 78
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Equipment & Services
The next larger and next smaller companies by market value
- SlbSLB $75.22B64
- Baker HughesBKR $49.07B55
- HalliburtonHAL $27.24B63
- TechnipFMCFTI $25.43B68
- Yantai Jereh Oilfield Services Group002353.SZ $12.55B63
- Subsea 7SUBC.OL $10B70
- SaipemSPM.MI $9.35B59
- China Oilfield Services601808.SS $8.93B61
ETFs that hold Tenaris
Held by 126 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Amundi STOXX Europe 600 Energy ESG ScreenedLOGS | 2.20% | 0.30% | €270.54M |
| iShares MSCI Europe SRI UCITS ETF EUR (Acc)ESIE | 1.56% | 0.18% | €307.24M |
| Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1DDXSA | 1.44% | 0.30% | €792.98M |
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| State Street SPDR MSCI Europe Energy UCITS ETFSPYN | 1.40% | 0.18% | €575.12M |
| Ossiam Europe ESG Machine LearningOSX4 | 1.35% | 0.65% | €67.94M |
| WisdomTree Europe Equity UCITS ETF EUR AccWTDF | 1.35% | 0.32% | €131.6M |
| iShares FTSE MIB UCITS ETF EUR (Acc)SXRY | 1.19% | 0.33% | €425.28M |
| iShares EURO STOXX Mid UCITS ETFIQQM | 1.00% | 0.40% | €558.1M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 8 Aug 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.