• Tenaris S.A average price/book ratio for 2024 was 1.09, a 3.81% increase from 2023.
• Tenaris S.A average price/book ratio for 2023 was 1.05, a 9.48% increase from 2022.
• Tenaris S.A average price/book ratio for 2022 was 1.16, a 23.4% decline from 2021.

Price/book ratio can be defined as