Tenaris Valuation

Is TNRS.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TNRS.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TNRS.F ($15.69) is trading below our estimate of fair value ($17.11)

Significantly Below Fair Value: TNRS.F is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TNRS.F?

Other financial metrics that can be useful for relative valuation.

TNRS.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA3.4x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does TNRS.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TNRS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.4x
HAL Halliburton
11.2x9.4%US$29.1b
FTI TechnipFMC
58.2x28.8%US$10.5b
TDW Tidewater
38.3x51.6%US$5.1b
WFRD Weatherford International
17.9x11.3%US$8.2b
TNRS.F Tenaris
4.9x-15.5%US$16.2b

Price-To-Earnings vs Peers: TNRS.F is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (31.4x).


Price to Earnings Ratio vs Industry

How does TNRS.F's PE Ratio compare vs other companies in the US Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TNRS.F is good value based on its Price-To-Earnings Ratio (4.9x) compared to the US Energy Services industry average (13.4x).


Price to Earnings Ratio vs Fair Ratio

What is TNRS.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TNRS.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TNRS.F's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TNRS.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.69
US$20.71
+32.0%
10.2%US$24.06US$16.76n/a11
Jun ’25US$16.62
US$20.73
+24.7%
10.3%US$24.06US$16.76n/a11
May ’25n/a
US$20.37
0%
10.8%US$24.06US$16.76n/a11
Apr ’25US$19.97
US$20.92
+4.7%
11.5%US$24.42US$16.99n/a11
Mar ’25US$17.60
US$20.91
+18.8%
11.4%US$24.42US$16.99n/a11
Feb ’25US$15.95
US$20.37
+27.7%
13.7%US$24.17US$15.08n/a11
Jan ’25US$17.73
US$20.36
+14.8%
12.7%US$24.17US$15.03n/a11
Dec ’24n/a
US$20.36
0%
12.7%US$24.17US$15.03n/a11
Nov ’24n/a
US$19.88
0%
13.4%US$24.09US$15.45n/a11
Oct ’24n/a
US$20.17
0%
13.8%US$24.09US$15.45n/a11
Sep ’24US$16.50
US$20.17
+22.2%
13.8%US$24.09US$15.45n/a11
Aug ’24n/a
US$20.40
0%
13.5%US$23.77US$15.45n/a11
Jul ’24n/a
US$20.34
0%
13.9%US$23.77US$15.45n/a10
Jun ’24n/a
US$20.32
0%
14.5%US$23.77US$15.45US$16.629
May ’24n/a
US$19.92
0%
18.3%US$24.45US$14.87n/a9
Apr ’24US$14.20
US$21.00
+47.9%
16.8%US$24.53US$14.87US$19.979
Mar ’24n/a
US$20.96
0%
16.8%US$24.53US$14.87US$17.609
Feb ’24n/a
US$19.28
0%
18.0%US$24.88US$13.00US$15.959
Jan ’24n/a
US$19.33
0%
17.7%US$23.79US$13.00US$17.7310
Dec ’23US$16.65
US$19.22
+15.4%
17.5%US$23.79US$13.00n/a10
Nov ’23n/a
US$17.07
0%
18.9%US$21.44US$11.17n/a10
Oct ’23n/a
US$16.24
0%
20.3%US$20.51US$11.17n/a12
Sep ’23n/a
US$16.28
0%
20.4%US$20.51US$11.17US$16.5012
Aug ’23n/a
US$16.28
0%
22.5%US$21.07US$9.06n/a12
Jul ’23n/a
US$16.22
0%
21.6%US$21.07US$9.38n/a12
Jun ’23US$16.87
US$16.31
-3.3%
21.4%US$21.07US$9.38n/a12

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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