TotalEnergies SE

ENXTPA:TTE Stock Report

Market Cap: €150.5b

TotalEnergies Valuation

Is TTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of TTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TTE (€70.4) is trading below our estimate of future cash flow value (€189.64)

Significantly Below Future Cash Flow Value: TTE is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTE?

Key metric: As TTE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TTE. This is calculated by dividing TTE's market cap by their current earnings.
What is TTE's PE Ratio?
PE Ratio13.2x
EarningsUS$13.13b
Market CapUS$173.32b

Price to Earnings Ratio vs Peers

How does TTE's PE Ratio compare to its peers?

The above table shows the PE ratio for TTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.7x
SHEL Shell
14.1x7.00%UK£188.2b
PETR4 Petróleo Brasileiro - Petrobras
5.3x-7.47%R$614.6b
386 China Petroleum & Chemical
14.7x15.69%HK$833.5b
EQNR Equinor
16.9x7.25%NOK 827.9b
TTE TotalEnergies
13.2x8.67%€150.5b

Price-To-Earnings vs Peers: TTE is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (12.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TTE's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TTE 13.2xIndustry Avg. 14.2xNo. of Companies13PE0816243240+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TTE is good value based on its Price-To-Earnings Ratio (13.2x) compared to the European Oil and Gas industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is TTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: TTE is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€70.40
€70.78
+0.54%
8.08%€80.37€56.67n/a22
Mar ’27€67.28
€66.94
-0.51%
8.20%€78.29€55.20n/a22
Feb ’27€61.15
€62.68
+2.51%
9.40%€77.17€52.49n/a22
Jan ’27€55.59
€62.48
+12.40%
9.20%€77.82€54.40n/a21
Dec ’26€56.71
€62.80
+10.75%
9.89%€77.73€49.71n/a21
Nov ’26€53.95
€62.64
+16.11%
10.02%€78.24€50.16n/a21
Oct ’26€51.59
€62.32
+20.79%
9.66%€77.60€52.99n/a21
Sep ’26€53.45
€62.82
+17.54%
9.91%€77.85€52.65n/a21
Aug ’26€51.07
€63.45
+24.24%
9.97%€78.27€53.18n/a21
Jul ’26€52.35
€62.21
+18.84%
10.47%€78.33€53.30n/a21
Jun ’26€51.66
€63.97
+23.83%
11.70%€81.34€54.88n/a21
May ’26€51.16
€65.67
+28.36%
11.33%€81.80€54.93n/a21
Apr ’26€59.49
€68.73
+15.54%
9.86%€89.88€58.47n/a21
Mar ’26€57.78
€69.61
+20.48%
10.48%€90.40€60.27€67.2821
Feb ’26€56.39
€69.46
+23.18%
10.99%€89.38€59.59€61.1521
Jan ’26€53.37
€71.55
+34.07%
11.38%€94.35€60.85€55.5921
Dec ’25€54.97
€71.18
+29.49%
10.65%€92.35€59.82€56.7121
Nov ’25€57.90
€71.05
+22.71%
9.37%€90.18€61.07€53.9521
Oct ’25€59.31
€72.20
+21.73%
10.88%€97.12€62.45€51.5921
Sep ’25€62.19
€71.88
+15.57%
10.39%€97.27€64.53€53.4521
Aug ’25€61.91
€73.74
+19.11%
10.32%€99.62€65.41€51.0721
Jul ’25€63.61
€73.92
+16.20%
9.95%€98.43€64.81€52.3521
Jun ’25€67.01
€73.30
+9.39%
9.94%€97.43€64.39€51.6621
May ’25€68.59
€73.59
+7.29%
10.05%€98.85€64.90€51.1621
Apr ’25€63.47
€71.47
+12.61%
9.84%€99.17€61.48€59.4921
Mar ’25€59.80
€70.40
+17.73%
10.56%€98.30€59.28€57.7822
€70.78
Fair Value
0.5% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/12 05:03
End of Day Share Price 2026/03/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TotalEnergies SE is covered by 49 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alvaro del Pozo MarotoBanco de Sabadell. S.A.
Alejandro VigilBanco Santander
Lydia RainforthBarclays