A method and device for measuring the wall thickness of a pipe in a pipe-rolling mill wherein a Fabry-Perot interfero-meter has its mirror spacing set by providing an input to a linear activity for one of the mirrors from a controller receiving an input from a photodiode at the output side of the interferometer. A second control circuit regulates the amplification of that photodiode with at least one parameter derived from the rolling system, for example, the input optical signal to the interferometer or a disturbance value representing for example the temperature of the rolled product and obtained through an optical pyrometer. The incoming optical signal may be tapped to another photodiode also with a variable amplification amplifier and both amplifiers may be controlled by a second controller.