• Tenaris S.A average price to free cash flow ratio for 2023 was 6.48, a 75.87% increase from 2022.
• Tenaris S.A average price to free cash flow ratio for 2022 was 26.86, a 81.68% decline from 2021.
• Tenaris S.A average price to free cash flow ratio for 2021 was 146.6, a 2843.78% decline from 2020.

Price to free cash flow ratio can be defined as