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TenarisTS +0.32%80 Equity-to-Asset is 0.83 as of Mar. 2026, which is 2% above its 10-year median of 0.81. GuruFocus rates TS with a GF Score™ of 80/100 and a GF Value™ of $35.24 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,027 Oil & Gas companies, Tenaris ranks better than 86.47% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tenaris's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $17,094 Mil. Tenaris's Total Assets for the quarter that ended in Mar. 2026 was $20,515 Mil.
Therefore, Tenaris's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.83.
The historical rank and industry rank for Tenaris's Equity-to-Asset or its related term are showing as below:
TS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.78 Med: 0.81 Max: 0.83
Current: 0.83
During the past 13 years, the highest Equity to Asset Ratio of Tenaris was 0.83. The lowest was 0.78. And the median was 0.81.
TS's Equity-to-Asset is ranked better than 86.47% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs TS: 0.83
Tenaris (NYSE:TS) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Tenaris Equity-to-Asset Related Terms
Tenaris Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Tenaris's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tenaris's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Tenaris's Equity to Asset Ratio 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 Equity-to-Asset of 0.83 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Tenaris and its competitors. This is near median its historical median of 0.81. Over the past decade, Tenaris' Equity-to-Asset has ranged from 0.78 to 0.83. According to the industry distribution chart, Tenaris ranks #139 out of 1027 companies in the Oil & Gas industry, placing it in the top 13.5%.
Is Tenaris' Equity-to-Asset too high?
Tenaris' current Equity-to-Asset of 0.83 is near median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 0.83. The Oil & Gas industry median Equity-to-Asset is 0.49. Tenaris' value of 0.83 is 69.4% above this industry median. Based on the distribution chart, Tenaris ranks #139 out of 1027 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 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenaris' Equity-to-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #139 out of 1027 companies for Equity-to-Asset. This places Tenaris in the top 14% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.49. Tenaris' value of 0.83 is 69.4% above this benchmark. Historically, Tenaris' own Equity-to-Asset has ranged from 0.78 to 0.83 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current Equity-to-Asset of 0.83 is 69.4% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current Equity-to-Asset is 0.83, which is near median its own 10-year median of 0.81. 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 $35.24, compared to a current price of $55.82 — trading 58.4% above its estimated fair value. The current Equity-to-Asset is 0.83, which is near median its 10-year median of 0.81 and 69.4% above the Oil & Gas industry median of 0.49. Tenaris' overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Tenaris (TS), the current Equity-to-Asset is 0.83 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 $55.82 is trading 58.4% above its estimated GF Value™ of $35.24.
GuruFocus considers Tenaris to be Significantly Overvalued.
Key valuation signals for TS:
Equity-to-Asset: 0.83 (near median its 10-year median of 0.81)
GF Value™: $35.24 vs. price of $55.82 (58.4% above fair value)
Industry Position: 69.4% above the Oil & Gas median (#139 of 1027)
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.
80GF Score
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