Tenaris Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	25,705	16,705	19,602	18,388	19,225	10,873
Market Cap Growth	27.85%	-14.78%	6.60%	-4.35%	76.82%	39.04%
Enterprise Value	23,831	14,750	17,233	16,075	18,911	10,822
Last Close Price	25.46	16.51	17.22	14.45	14.39	7.92
PE Ratio	16.33	10.15	9.97	5.19	8.05	11.24
Forward PE	16.39	11.14	10.29	7.36	7.81	12.74
PS Ratio	2.52	1.64	1.62	1.37	1.75	1.90
PB Ratio	1.79	1.17	1.21	1.19	1.46	1.02
P/TBV Ratio	1.98	1.29	1.33	1.31	1.63	1.17
P/FCF Ratio	14.86	9.66	9.14	5.38	26.69	-
P/OCF Ratio	11.61	7.55	7.08	4.63	17.60	103.84
PEG Ratio	2.01	52.44	-	3.58	0.29	0.22
EV/Sales Ratio	2.34	1.45	1.43	1.20	1.72	1.89
EV/EBITDA Ratio	9.61	6.21	5.84	3.73	5.73	9.73
EV/EBIT Ratio	12.04	7.64	7.10	4.16	6.81	17.04
EV/FCF Ratio	13.78	8.53	8.04	4.71	26.25	-
Debt / Equity Ratio	0.03	0.03	0.04	0.04	0.06	0.04
Debt / EBITDA Ratio	0.16	0.16	0.19	0.15	0.24	0.34
Debt / FCF Ratio	0.22	0.22	0.26	0.19	1.09	-
Net Debt / Equity Ratio	-0.14	-0.14	-0.15	-0.17	-0.05	-0.02
Net Debt / EBITDA Ratio	-0.87	-0.87	-0.81	-0.61	-0.19	-0.21
Net Debt / FCF Ratio	-1.20	-1.20	-1.11	-0.76	-0.89	2.13
Asset Turnover	0.59	0.59	0.60	0.77	0.74	0.46
Inventory Turnover	2.04	2.04	2.10	2.12	2.07	2.12
Quick Ratio	2.25	2.25	2.03	2.21	1.55	1.42
Current Ratio	3.87	3.87	3.50	3.62	3.04	3.19
Return on Equity (ROE)	11.73%	11.73%	12.27%	25.48%	19.50%	8.95%
Return on Assets (ROA)	6.99%	6.99%	7.56%	13.81%	11.60%	3.21%
Return on Invested Capital (ROIC)	12.40%	12.58%	14.33%	26.53%	18.98%	5.39%
Return on Capital Employed (ROCE)	12.80%	12.80%	14.10%	23.50%	20.10%	5.60%
Earnings Yield	6.40%	9.85%	10.04%	19.28%	12.43%	8.90%
FCF Yield	6.73%	10.36%	10.94%	18.58%	3.75%	-1.01%
Dividend Yield	2.98%	4.59%	4.66%	3.76%	3.32%	4.55%
Payout Ratio	46.58%	46.58%	37.21%	16.25%	20.81%	28.97%
Buyback Yield / Dilution	6.35%	6.35%	4.36%	0.14%	-	-
Total Shareholder Return	9.32%	10.94%	9.01%	3.90%	3.32%	4.55%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.