• Tenaris S.A average price/book ratio for 2023 was 1.08, a 10% increase from 2022.
• Tenaris S.A average price/book ratio for 2022 was 1.2, a 23.71% decline from 2021.
• Tenaris S.A average price/book ratio for 2021 was 0.97, a 70.18% increase from 2020.

Price/book ratio can be defined as