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TenarisMEX:TS 78 EV-to-OCF is 18.77 as of Jul. 30, 2026, which is 102% above its 10-year median of 9.31. GuruFocus rates MEX:TS with a GF Score™ of 78/100 and a GF Value™ of MXN227.77. The stock has 5 warning signs investors should review. Among 1,017 Oil & Gas companies, Tenaris ranks worse than 88.4% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Tenaris's Enterprise Value is MXN446,866 Mil.
Tenaris's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was MXN23,813 Mil. Therefore, Tenaris's EV-to-OCF for today is 18.77.
The historical rank and industry rank for Tenaris's EV-to-OCF or its related term are showing as below:
MEX:TS'
s EV-to-OCF Range Over the Past 10 Years
Min: -980.99 Med: 9.31 Max: 955.51
Current: 20.13
During the past 13 years, the highest EV-to-OCF of Tenaris was 955.51. The lowest was -980.99. And the median was 9.31.
MEX:TS's EV-to-OCF is ranked worse than 88.4% of 1017
companies
in the Oil & Gas industry
Industry Median: 5.83
vs MEX:TS: 20.13
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-30), Tenaris's stock price is MXN365.00.
Tenaris's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN35.069. Therefore, Tenaris's PE Ratio (TTM) for today is 10.41.
Tenaris (MEX:TS) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Tenaris's share price for today is MXN365.00.
Tenaris's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN35.069.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Tenaris EV-to-OCF Related Terms
Tenaris EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Tenaris's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tenaris's EV-to-OCF falls into.
Tenaris's current Enterprise Value is MXN446,866 Mil.
Tenaris's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN23,813 Mil.
* 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 (MEX:TS) has a EV-to-OCF of 18.77 as of Jul. 30, 2026. This is 102% above median its historical median of 9.31. According to the industry distribution chart, Tenaris ranks #899 out of 1017 companies in the Oil & Gas industry, placing it in the top 88.4%.
Is Tenaris' EV-to-OCF too high?
Tenaris' current EV-to-OCF of 18.77 is 102% above median its 10-year median of 9.31. The Oil & Gas industry median EV-to-OCF is 5.83. Tenaris' value of 18.77 is 222% above this industry median. Based on the distribution chart, Tenaris ranks #899 out of 1017 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Tenaris has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Tenaris' EV-to-OCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #899 out of 1017 companies for EV-to-OCF. This places Tenaris in the lower half of its industry. The industry median EV-to-OCF is 5.83. Tenaris' value of 18.77 is 222% above this benchmark. While the company's 10-year median is 9.31 vs. the industry median of 5.83, Tenaris has consistently been above 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 EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.83, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current EV-to-OCF of 18.77 is 222% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current EV-to-OCF is 18.77, which is 102% above median its own 10-year median of 9.31. 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?
Tenaris (MEX:TS) has a current EV-to-OCF of 18.77. The stock's GF Value™ is MXN227.77, compared to a current price of MXN365.00 — trading 60.2% above its estimated fair value. The current EV-to-OCF is 18.77, which is 102% above median its 10-year median of 9.31 and 222% above the Oil & Gas industry median of 5.83. Tenaris' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Tenaris (MEX:TS), the current EV-to-OCF is 18.77 as of Jul. 30, 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 (MEX:TS) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaris stock appears to be overvalued.
The current stock price of MXN365.00 is trading 60.2% above its estimated GF Value™ of MXN227.77.
Key valuation signals for MEX:TS:
EV-to-OCF: 18.77 (102% above median its 10-year median of 9.31)
GF Value™: MXN227.77 vs. price of MXN365.00 (60.2% above fair value)
Industry Position: 222% above the Oil & Gas median (#899 of 1017)
No single metric tells the full story. See the MEX: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.
78GF Score
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