TenarisTS +1.17%81 Interest Coverage is 50.33 as of Mar. 2026, which is 40% above its 10-year median of 36.04. 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 728 Oil & Gas companies, Tenaris ranks better than 81.32% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Tenaris's
Operating Income
for the
three
months ended in Mar. 2026 was $587 Mil. Tenaris's Interest Expense for the
three
months ended in Mar. 2026 was $-12 Mil.
Tenaris's interest coverage for the quarter that ended in Mar. 2026 was 50.33.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Tenaris's Interest Coverage or its related term are showing as below:
TS'
s Interest Coverage Range Over the Past 10 Years
Min: 12.2 Med: 36.04 Max: 66.21
Current: 49.62
TS's Interest Coverage is ranked better than 81.32% of 728
companies
in the Oil & Gas industry
Industry Median: 5.885
vs TS: 49.62
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Tenaris Interest Coverage Related Terms
Tenaris Interest Coverage Historical Data
* Premium members only.
The historical data trend for Tenaris's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas Equipment & Services subindustry, Tenaris's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Tenaris's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 50.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tenaris and its competitors. This is 40% above median its historical median of 36.04. Over the past decade, Tenaris' Interest Coverage has ranged from 12.20 to 66.21. According to the industry distribution chart, Tenaris ranks #136 out of 728 companies in the Oil & Gas industry, placing it in the top 18.7%.
Is Tenaris' Interest Coverage too high?
Tenaris' current Interest Coverage of 50.33 is 40% above median its 10-year median of 36.04. Over the past 10 years, this metric has ranged from a low of 12.20 to a high of 66.21. The Oil & Gas industry median Interest Coverage is 5.89. Tenaris' value of 50.33 is 755.2% above this industry median. Based on the distribution chart, Tenaris ranks #136 out of 728 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' Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #136 out of 728 companies for Interest Coverage. This places Tenaris in the top 19% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.89. Tenaris' value of 50.33 is 755.2% above this benchmark. Historically, Tenaris' own Interest Coverage has ranged from 12.20 to 66.21 over the past decade. While the company's 10-year median is 36.04 vs. the industry median of 5.89, 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 Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 728 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current Interest Coverage of 50.33 is 755.2% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current Interest Coverage is 50.33, which is 40% above median its own 10-year median of 36.04. 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 Interest Coverage is 50.33, which is 40% above median its 10-year median of 36.04 and 755.2% above the Oil & Gas industry median of 5.89. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Tenaris (TS), the current Interest Coverage is 50.33 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:
Interest Coverage: 50.33 (40% above median its 10-year median of 36.04)
GF Value™: $34.59 vs. price of $57.18 (65.3% above fair value)
Industry Position: 755.2% above the Oil & Gas median (#136 of 728)
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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