TS Relative Valuation
TS's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TS is overvalued; if below, it's undervalued.
Historical Valuation
Tenaris SA (TS) is now in the Fair zone, suggesting that its current forward PS ratio of 1.71 is considered Fairly compared with the five-year average of 12.58. The fair price of Tenaris SA (TS) is between 31.20 to 41.59 according to relative valuation methord.
Relative Value
Fair Zone
31.20-41.59
Current Price：41.16
Fair
12.67
PE
1Y
3Y
5Y
Trailing
Forward
6.70
EV/EBITDA
Tenaris SA. (TS) has a current EV/EBITDA of 6.70. The 5-year average EV/EBITDA is 6.07. The thresholds are as follows: Strongly Undervalued below 1.80, Undervalued between 1.80 and 3.94, Fairly Valued between 8.20 and 3.94, Overvalued between 8.20 and 10.34, and Strongly Overvalued above 10.34. The current Forward EV/EBITDA of 6.70 falls within the Historic Trend Line -Fairly Valued range.
8.59
EV/EBIT
Tenaris SA. (TS) has a current EV/EBIT of 8.59. The 5-year average EV/EBIT is 12.89. The thresholds are as follows: Strongly Undervalued below -60.06, Undervalued between -60.06 and -23.59, Fairly Valued between 49.36 and -23.59, Overvalued between 49.36 and 85.83, and Strongly Overvalued above 85.83. The current Forward EV/EBIT of 8.59 falls within the Historic Trend Line -Fairly Valued range.
1.74
PS
Tenaris SA. (TS) has a current PS of 1.74. The 5-year average PS is 1.57. The thresholds are as follows: Strongly Undervalued below 1.03, Undervalued between 1.03 and 1.30, Fairly Valued between 1.84 and 1.30, Overvalued between 1.84 and 2.11, and Strongly Overvalued above 2.11. The current Forward PS of 1.74 falls within the Historic Trend Line -Fairly Valued range.
9.06
P/OCF
Tenaris SA. (TS) has a current P/OCF of 9.06. The 5-year average P/OCF is 9.52. The thresholds are as follows: Strongly Undervalued below -0.46, Undervalued between -0.46 and 4.53, Fairly Valued between 14.51 and 4.53, Overvalued between 14.51 and 19.49, and Strongly Overvalued above 19.49. The current Forward P/OCF of 9.06 falls within the Historic Trend Line -Fairly Valued range.
12.34
P/FCF
Tenaris SA. (TS) has a current P/FCF of 12.34. The 5-year average P/FCF is 21.20. The thresholds are as follows: Strongly Undervalued below -53.66, Undervalued between -53.66 and -16.23, Fairly Valued between 58.63 and -16.23, Overvalued between 58.63 and 96.06, and Strongly Overvalued above 96.06. The current Forward P/FCF of 12.34 falls within the Historic Trend Line -Fairly Valued range.
Tenaris SA (TS) has a current Price-to-Book (P/B) ratio of 2.51. Compared to its 3-year average P/B ratio of 1.50 , the current P/B ratio is approximately 67.33% higher. Relative to its 5-year average P/B ratio of 1.38, the current P/B ratio is about 82.39% higher. Tenaris SA (TS) has a Forward Free Cash Flow (FCF) yield of approximately 8.02%. Compared to its 3-year average FCF yield of 13.27%, the current FCF yield is approximately -39.55% lower. Relative to its 5-year average FCF yield of 9.31% , the current FCF yield is about -13.81% lower.
2.52
P/B
Median3y
1.50
Median5y
1.38
7.85
FCF Yield
Median3y
13.27
Median5y
9.31
Competitors Valuation Multiple
The average P/S ratio for TS's competitors is 1.12, providing a benchmark for relative valuation. Tenaris SA Corp (TS) exhibits a P/S ratio of 1.74, which is 55.48% above the industry average. Given its robust revenue growth of 2.15%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of TS increased by 9.39% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 20.03 to 22.18.
The secondary factor is the Revenue Growth, contributed 2.15%to the performance.
Overall, the performance of TS in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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