Tenaris S.A.’s (BIT:TEN) Price Is Right But Growth Is Lacking
With a price-to-earnings (or “P/E”) ratio of 10.7x Tenaris S.A. (BIT:TEN) may be sending bullish signals at the moment, given that almost half of all companies in Italy have P/E ratios greater than 16x and even P/E’s higher than 28x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
Tenaris could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. The P/E is probably…
