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TenarisTS -1.47%81 Debt-to-Equity is 0.03 as of Mar. 2026, which is 50% below its 10-year median of 0.06. GuruFocus rates TS with a GF Score™ of 81/100 and a GF Value™ of $35.50 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 797 Oil & Gas companies, Tenaris ranks better than 92.35% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Tenaris's Debt-to-Equity or its related term are showing as below:
TS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.1
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of Tenaris was 0.10. The lowest was 0.03. And the median was 0.06.
TS's Debt-to-Equity is ranked better than 92.35% of 797
companies
in the Oil & Gas industry
Industry Median: 0.46
vs TS: 0.03
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Tenaris Debt-to-Equity Related Terms
Tenaris Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Tenaris's Debt-to-Equity 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 Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tenaris's Debt-to-Equity falls into.
* 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 Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tenaris and its competitors. This is 50% below median its historical median of 0.06. Over the past decade, Tenaris' Debt-to-Equity has ranged from 0.03 to 0.10. According to the industry distribution chart, Tenaris ranks #61 out of 797 companies in the Oil & Gas industry, placing it in the top 7.7%.
Is Tenaris' Debt-to-Equity too high?
Tenaris' current Debt-to-Equity of 0.03 is 50% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.10. The Oil & Gas industry median Debt-to-Equity is 0.46. Tenaris' value of 0.03 is 93.5% below this industry median. Based on the distribution chart, Tenaris ranks #61 out of 797 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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' Debt-to-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #61 out of 797 companies for Debt-to-Equity. This places Tenaris in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. Tenaris' value of 0.03 is 93.5% below this benchmark. Historically, Tenaris' own Debt-to-Equity has ranged from 0.03 to 0.10 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.46, 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 797 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current Debt-to-Equity of 0.03 is 93.5% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current Debt-to-Equity is 0.03, which is 50% below median its own 10-year median of 0.06. 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 $35.50, compared to a current price of $56.09 — trading 58% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 50% below median its 10-year median of 0.06 and 93.5% below the Oil & Gas industry median of 0.46. Tenaris' overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Tenaris (TS), the current Debt-to-Equity is 0.03 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 $56.09 is trading 58% above its estimated GF Value™ of $35.50.
GuruFocus considers Tenaris to be Significantly Overvalued.
Key valuation signals for TS:
Debt-to-Equity: 0.03 (50% below median its 10-year median of 0.06)
GF Value™: $35.50 vs. price of $56.09 (58% above fair value)
Industry Position: 93.5% below the Oil & Gas median (#61 of 797)
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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