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	6.92	30.75%	🇺🇸 USA
ArcelorMittal MT	5.16	-2.46%	🇱🇺 Luxembourg
NOV NOV	12.5	136.42%	🇺🇸 USA
YPF (Yacimientos Petrolíferos Fiscales) YPF	7.81	47.64%	🇦🇷 Argentina
Ternium TX	22.5	324.22%	🇱🇺 Luxembourg
Valmont Industries VMI	46.4	776.86%	🇺🇸 USA
Omega Flex OFLX	22.9	332.04%	🇺🇸 USA
Mueller Water Products MWA	49.7	839.01%	🇺🇸 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.