TS tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Tenaris S.A. American Depositary Shares Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	14.6506
Dec 31, 2024	13.7374
Dec 31, 2023	13.2797
Dec 31, 2022	10.7595
Dec 31, 2021	9.0921
Dec 31, 2020	8.4855
Dec 31, 2019	9
Dec 31, 2018	8.8176
Dec 31, 2017	8.4031
Dec 31, 2016	8.0897
Dec 31, 2015	8.2357
Dec 31, 2014	8.6518
Dec 31, 2013	7.9647
Dec 31, 2012	7.0819
Dec 31, 2011	6.6046
Dec 31, 2010	5.903
Dec 31, 2009	5.1247
Dec 31, 2008	4.1294
Dec 31, 2007	2.5306
Dec 31, 2006	2.4202
Dec 31, 2005	3.0637
Dec 31, 2004	2.2126
Dec 31, 2003	1.634
Dec 31, 2002	2.5216
Dec 31, 2001	2.5246