Tenaris Ratios and Metrics

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 13, 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	476,656	353,114	422,872	343,620	400,775	253,493
Market Cap Growth	12.69%	-16.50%	23.06%	-14.26%	58.10%	33.18%
Enterprise Value	438,583	311,792	371,760	300,395	394,236	252,304
Last Close Price	365.00	365.00	353.57	268.67	250.45	213.22
PE Ratio	13.70	10.15	9.97	5.19	8.05	11.24
PS Ratio	2.21	1.64	1.62	1.37	1.75	1.90
PB Ratio	1.57	1.17	1.21	1.19	1.46	1.02
P/TBV Ratio	1.74	1.29	1.33	1.31	1.63	1.17
P/FCF Ratio	13.04	9.66	9.14	5.32	26.69	-
P/OCF Ratio	10.18	7.55	7.08	4.63	17.60	103.84
EV/Sales Ratio	2.12	1.45	1.43	1.20	1.72	1.89
EV/EBITDA Ratio	8.62	6.14	5.87	3.74	5.73	9.73
EV/EBIT Ratio	10.76	7.54	7.14	4.15	6.81	17.04
EV/FCF Ratio	11.99	8.53	8.04	4.65	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	-0.86	-0.86	-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)	7.09%	7.09%	7.53%	13.85%	11.60%	3.21%
Return on Invested Capital (ROIC)	12.58%	12.75%	14.26%	26.61%	18.98%	5.39%
Return on Capital Employed (ROCE)	13.00%	13.00%	14.00%	23.50%	20.10%	5.60%
Earnings Yield	7.30%	9.85%	10.04%	19.28%	12.43%	8.90%
FCF Yield	7.67%	10.36%	10.94%	18.81%	3.75%	-1.01%
Dividend Yield	4.47%	4.39%	4.89%	3.77%	3.97%	3.94%
Payout Ratio	49.51%	46.58%	37.21%	16.25%	20.81%	28.97%
Buyback Yield / Dilution	6.35%	6.35%	4.36%	0.14%	-	-
Total Shareholder Return	10.82%	10.74%	9.25%	3.92%	3.97%	3.94%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.