# Is Tenaris SA ADR (TS) overvalued?

Source: https://www.equity-rank.com/is-it-overvalued/TS

**On Equity Rank's model estimate, TS trades close to its fair value (9% above it).** Tenaris SA ADR (TS) last closed at $58.85; the multi-method model fair value is $53.84.

| Price | Model fair value | Price vs model |
| --- | --- | --- |
| $58.85 | $53.84 | 9% above |

## What the answer rests on

- 4 of 12 valuation methods put TS's value above its price and 8 put it below, so the methods disagree.
- To justify today's price, TS's free cash flow would need to grow about -1.2% a year for ten years (a reverse discounted cash flow). Over the last three years it actually grew 37.1% a year.
- TS trades at 14.9 times its last year's earnings, against a median of 14.8 for 110 profitable Energy companies.
- Over the past year the price sat below the model fair value on 3% of trading days. The gap ranged from 4% below to 32% above the model fair value.

## Read this before relying on it

The model fair value is an estimate from published financial statements. It is not a forecast of where the price goes, and it can be wrong. Within 10% either side we call it close to fair value: valuation models are not precise enough to read more into a smaller gap. Our own lists have no proven edge over the market yet; [the live record](https://www.equity-rank.com/track-record) shows every result, misses included.

Data as of Fri, Nov 6, 2026. Informational only — not investment advice.

[Every valuation method behind TS's fair value](https://www.equity-rank.com/stocks/TS) · [What prices assume](https://www.equity-rank.com/priced-in) · [Other companies](https://www.equity-rank.com/is-it-overvalued)

---

Fair value is a model estimate under stated assumptions — not a price target, not a prediction, and not a recommendation. This page is research information, not investment advice. Equity Rank is not a registered investment adviser.