TS (Tenaris) Moat Score: 6/10 (As of Jun. 26, 2026)


TS Tenaris SA TS
81 GF Score
Price $56.53
GF Value $34.75
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tenaris Moat Score?

Tenaris TS -1.46% 81 Moat Score is 6 as of Jun. 26, 2026. GuruFocus rates TS with a GF Score™ of 81/100 and a GF Value™ of $34.75 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,041 Oil & Gas companies, Tenaris ranks better than 98.46% on this metric.

Tenaris has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Tenaris has Narrow Moat: Tenaris SA has a strong narrow moat due to its economies of scale, proprietary technology in steel pipe manufacturing, and a robust distribution network. These factors provide a competitive edge, though not enough for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Tenaris might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Tenaris  (NYSE:TS) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Tenaris Moat Score Related Terms

TS vs SLB, BKR, HAL: Moat Score Comparison

For the Oil & Gas Equipment & Services subindustry, Tenaris's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaris's Moat Score distribution charts can be found below:

* The bar in red indicates where Tenaris's Moat Score falls into.


TS
81GF Score
Tenaris SA TS
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Tenaris (TS) has a Moat Score of 6 as of Jun. 26, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Tenaris ranks #16 out of 1041 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Tenaris' Moat Score too high?
Tenaris' current Moat Score is 6. The Oil & Gas industry median Moat Score is 1.00. Tenaris' value of 6 is 500% above this industry median. Based on the distribution chart, Tenaris ranks #16 out of 1041 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' Moat Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #16 out of 1041 companies for Moat Score. This places Tenaris in the top 2% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Tenaris' value of 6 is 500% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,041 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current Moat Score of 6 is 500% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current Moat Score is 6. 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 $34.75, compared to a current price of $56.53 — trading 62.7% above its estimated fair value. The current Moat Score is 6 and 500% above the Oil & Gas industry median of 1.00. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Tenaris (TS), the current Moat Score is 6 as of Jun. 26, 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 $56.53 is trading 62.7% above its estimated GF Value™ of $34.75. GuruFocus considers Tenaris to be Significantly Overvalued.

Key valuation signals for TS:

  • Moat Score: 6
  • GF Value™: $34.75 vs. price of $56.53 (62.7% above fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 500% above the Oil & Gas median (#16 of 1041)

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

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$56.53
Price
$34.75
GF Value