TS (Tenaris) EPS without NRI: $3.85 (TTM As of Mar. 2026)


TS Tenaris SA TS
81 GF Score
Price $56.03
GF Value $34.52
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tenaris EPS without NRI?

Tenaris TS -2.32% 81 EPS without NRI is $3.85 as of Mar. 2026. GuruFocus rates TS with a GF Score™ of 81/100 and a GF Value™ of $34.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 733 Oil & Gas companies, Tenaris ranks worse than 57.3% on this metric.

Tenaris's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $1.09. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $3.85.

During the past 12 months, Tenaris's average earnings per share (NRI) Growth Rate was 8.70% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -9.20% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Tenaris's EPS without NRI or its related term are showing as below:

TS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -70.1   Med: 10.8   Max: 181.4
Current: -9.2

During the past 13 years, Tenaris's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 181.40% per year. The lowest was -70.10% per year. And the median was 10.80% per year.

TS's 3-Year EPS without NRI Growth Rate is ranked worse than
57.3% of 733 companies
in the Oil & Gas industry
Industry Median: -2.2 vs TS: -9.20

Tenaris's EPS (Diluted) for the three months ended in Mar. 2026 was $1.08. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.83.

Tenaris's EPS (Basic) for the three months ended in Mar. 2026 was $1.08. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.83.


Tenaris  (NYSE:TS) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Tenaris EPS without NRI Related Terms


Tenaris EPS without NRI Historical Data

* Premium members only.

The historical data trend for Tenaris's EPS without NRI 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.

Tenaris EPS without NRI Chart

Tenaris Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 4.50 6.25 3.68 3.73

Tenaris Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.00 0.86 0.90 1.09

TS vs SLB, BKR, HAL: EPS without NRI Comparison

For the Oil & Gas Equipment & Services subindustry, Tenaris's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaris's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Tenaris's PE Ratio without NRI falls into.


TS
81GF Score
Tenaris SA TS
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Tenaris EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 $3.85

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of $3.85 mean?
Tenaris (TS) has a EPS without NRI of $3.85 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Tenaris and its competitors. According to the industry distribution chart, Tenaris ranks #420 out of 733 companies in the Oil & Gas industry, placing it in the top 57.3%.
Is Tenaris' EPS without NRI too high?
Tenaris' current EPS without NRI is $3.85. Based on the distribution chart, Tenaris ranks #420 out of 733 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' EPS without NRI compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #420 out of 733 companies for EPS without NRI. This places Tenaris in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Oil & Gas company?
A good EPS without NRI depends on the Oil & Gas industry context. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Tenaris and its competitors. Tenaris's current EPS without NRI is $3.85. 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 $34.52, compared to a current price of $56.03 — trading 62.3% above its estimated fair value. The current EPS without NRI is $3.85. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Tenaris (TS), the current EPS without NRI is $3.85 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 $56.03 is trading 62.3% above its estimated GF Value™ of $34.52. GuruFocus considers Tenaris to be Significantly Overvalued.

Key valuation signals for TS:

  • EPS without NRI: $3.85
  • GF Value™: $34.52 vs. price of $56.03 (62.3% above fair value)
  • GF Score™: 81/100 with 5 warning signs

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 Business Description

Industry EnergyOil & Gas
Address 26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
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

Get the complete analysis for TS

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$56.03
Price
$34.52
GF Value