TenarisTS +1.17%81 Days Payable is 38.25 as of Mar. 2026, which is 22% below its 10-year median of 48.91. GuruFocus rates TS with a GF Score™ of 81/100 and a GF Value™ of $34.59 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 849 Oil & Gas companies, Tenaris ranks worse than 64.78% on this metric.
Tenaris's average Accounts Payable for the
three
months ended in Mar. 2026 was $859 Mil. Tenaris's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $2,050 Mil.
Hence, Tenaris's Days Payable for the
three
months ended in Mar. 2026 was 38.25.
The historical rank and industry rank for Tenaris's Days Payable or its related term are showing as below:
TS'
s Days Payable Range Over the Past 10 Years
Min: 39.78 Med: 48.91 Max: 68.12
Current: 39.78
During the past 13 years, Tenaris's highest Days Payable was 68.12. The lowest was 39.78. And the median was 48.91.
TS's Days Payable is ranked worse than 64.78% of 849
companies
in the Oil & Gas industry
Industry Median: 57.95
vs TS: 39.78
Tenaris's Days Payable
declined
from Mar. 2025 (40.66) to Mar. 2026 (38.25).
It may suggest that Tenarisaccelerated paying its suppliers.
Tenaris Days Payable Related Terms
Tenaris Days Payable Historical Data
* Premium members only.
The historical data trend for Tenaris's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, Tenaris's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tenaris Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's Days Payable distribution charts can be found below:
* The bar in red indicates where Tenaris's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Tenaris's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tenaris (TS) has a Days Payable of 38.25 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tenaris and its competitors. This is 22% below median its historical median of 48.91. Over the past decade, Tenaris' Days Payable has ranged from 39.78 to 68.12. According to the industry distribution chart, Tenaris ranks #550 out of 849 companies in the Oil & Gas industry, placing it in the top 64.8%.
Is Tenaris' Days Payable too high?
Tenaris' current Days Payable of 38.25 is 22% below median its 10-year median of 48.91. Over the past 10 years, this metric has ranged from a low of 39.78 to a high of 68.12. The Oil & Gas industry median Days Payable is 57.95. Tenaris' value of 38.25 is 34% below this industry median. Based on the distribution chart, Tenaris ranks #550 out of 849 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tenaris has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenaris' Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #550 out of 849 companies for Days Payable. This places Tenaris in the lower half of its industry. The industry median Days Payable is 57.95. Tenaris' value of 38.25 is 34% below this benchmark. Historically, Tenaris' own Days Payable has ranged from 39.78 to 68.12 over the past decade. While the company's 10-year median is 48.91 vs. the industry median of 57.95, Tenaris has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current Days Payable of 38.25 is 34% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current Days Payable is 38.25, which is 22% below median its own 10-year median of 48.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaris stock overvalued right now?
Based on GuruFocus' analysis, Tenaris (TS) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.59, compared to a current price of $57.18 — trading 65.3% above its estimated fair value. The current Days Payable is 38.25, which is 22% below median its 10-year median of 48.91 and 34% below the Oil & Gas industry median of 57.95. Tenaris' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Tenaris (TS), the current Days Payable is 38.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tenaris (TS) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaris stock appears to be overvalued.
The current stock price of $57.18 is trading 65.3% above its estimated GF Value™ of $34.59.
GuruFocus considers Tenaris to be Significantly Overvalued.
Key valuation signals for TS:
Days Payable: 38.25 (22% below median its 10-year median of 48.91)
GF Value™: $34.59 vs. price of $57.18 (65.3% above fair value)
Industry Position: 34% below the Oil & Gas median (#550 of 849)
No single metric tells the full story. See the TS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaris SA is engaged in the manufacture and supply of steel pipe products and related services for the energy industry and other industrial applications. The company has one reportable segment, Tubes, which includes the production and sale of steel tubular products such as OCTG, line pipe, and mechanical and structural tubes, mainly for the oil and gas industry. It operates an integrated network of manufacturing, research, and service facilities across the Americas, Europe, the Middle East, Asia, and Africa.
81GF Score
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