P/E ratio for Tenaris (TS)

P/E ratio history for Tenaris from 2003 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
U.S. Steel X	5.92	11.18%	🇺🇸 USA
ArcelorMittal MT	4.76	-10.69%	🇱🇺 Luxembourg
NOV NOV	11.2	111.26%	🇺🇸 USA
YPF (Yacimientos Petrolíferos Fiscales) YPF	10.2	90.76%	🇦🇷 Argentina
Ternium TX	19.4	263.83%	🇱🇺 Luxembourg
Valmont Industries VMI	42.2	692.35%	🇺🇸 USA
Omega Flex OFLX	18.1	240.05%	🇺🇸 USA
Mueller Water Products MWA	46.9	780.06%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.