Tenaris Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 11, 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	20,104	14,573	16,210	15,957	17,052	9,132
Market Cap Growth	25.94%	-10.10%	1.59%	-6.42%	86.73%	30.34%
Enterprise Value	18,484	12,868	14,251	13,950	16,774	9,089
Last Close Price	19.91	14.38	14.24	12.65	12.81	6.68
PE Ratio	14.00	10.15	9.97	5.19	8.05	11.24
PS Ratio	2.26	1.64	1.62	1.37	1.75	1.90
PB Ratio	1.61	1.17	1.21	1.19	1.46	1.02
P/TBV Ratio	1.78	1.29	1.33	1.31	1.63	1.17
P/FCF Ratio	13.32	9.66	9.14	5.32	26.69	-
P/OCF Ratio	10.41	7.55	7.08	4.63	17.60	103.84
EV/Sales Ratio	2.10	1.45	1.43	1.20	1.72	1.89
EV/EBITDA Ratio	8.54	6.14	5.87	3.74	5.73	9.73
EV/EBIT Ratio	10.66	7.54	7.14	4.15	6.81	17.04
EV/FCF Ratio	12.25	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	7.14%	9.85%	10.04%	19.28%	12.43%	8.90%
FCF Yield	7.51%	10.36%	10.94%	18.81%	3.75%	-1.01%
Dividend Yield	2.77%	4.60%	4.66%	3.72%	3.30%	4.53%
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	9.11%	10.95%	9.01%	3.86%	3.30%	4.53%

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