Tegula panamensis is a species of sea snail, a marine gastropod mollusk in the family Tegulidae.

The whole upper surface is densely furrowed by blunt transverse sulci.

The transverse sulci number about 10 on penultimate, 24 on the body whorl, including the base.

The umbilicus is rather narrow, nearly cylindrical, encircled by a carina, above which a more prominent spiral rib revolves, which ends at the columella in three denticles.

The columella is produced above in a lobe partly surrounding the umbilicus, below terminating in three denticles.