Upside case
Bull case
$161+99.7%
TTE would need investors to value it at roughly 15x earnings — about 7x more generous than today's 7x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
TotalEnergies SE (TTE) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
34
analysts
20 bullish · 1 bearish · 34 covering TTE
Strong Buy
1
Buy
19
Hold
13
Sell
1
Strong Sell
0
Consensus Target
$76
-5.9% vs today
Scenario Range
$77 – $161
Model bear to bull value window
Coverage
34
Published analyst ratings
Valuation Context
7.3x
Forward P/E · Market cap $179.1B
TTE price targets
Three scenarios for where TTE stock could go
Current
~$80
Confidence
40 / 100
Updated
Jun 18, 2026
Where we are now
Current · $80
Bear
$77
Base
$122
Bull
$161
Market caseClosest to today
Base case
$122+51.5%
At 11x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$77-4.5%
If investor confidence fades or macro conditions deteriorate, a 0x multiple contraction could push TTE down roughly 5% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
TotalEnergies SE
TTE · NYSEEnergyOil & Gas IntegratedDecember year-end
TotalEnergies is a global integrated energy company that produces and markets oil, natural gas, and increasingly renewable electricity. It generates revenue through four main segments: Exploration & Production (upstream oil and gas), Refining & Chemicals (downstream processing), Integrated Gas & Power (LNG and electricity), and Marketing & Services (retail fuel stations). The company's competitive advantage lies in its integrated model—spanning upstream production to downstream retail—and its strategic pivot toward low-carbon energy including LNG and renewables.
Market Cap
$179.1B
Revenue TTM
$184.0B
Net Income TTM
$15.1B
Net Margin
8.2%
TTE Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
33%Exceptional
12 quarters tracked
Revenue Beat Rate
92%Exceptional
vs consensus estimates
Avg EPS Surprise
-0.3%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 1 of 4Q3 2025
EPS
$1.57/$1.62
Revenue
$45.2B/$43.7B
Q4 2025
EPS
$1.77/$1.81
Revenue
$43.6B/$32.6B
Q1 2026
EPS
$1.73/$1.80
Revenue
$45.9B/$34.0B
Q2 2026
EPS
$2.45/$1.99
Revenue
$49.5B/$44.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.57/$1.62 | -3.1% | $45.2B/$43.7B | +3.6% |
| Q4 2025 | $1.77/$1.81 | -2.2% | $43.6B/$32.6B | +33.8% |
| Q1 2026 | $1.73/$1.80 | -3.9% | $45.9B/$34.0B | +35.2% |
| Q2 2026 | $2.45/$1.99 | +23.1% | $49.5B/$44.6B | +11.1% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$188.5B
+2.4% YoY
FY2
$191.2B
+1.5% YoY
EPS Outlook
FY1
$7.87
+13.2% YoY
FY2
$8.00
+1.7% YoY
Trailing FCF (TTM)$11.0B
FCF Margin: 6.0%
Next Earnings
July 23, 2026
Expected EPS
$2.95
Expected Revenue
$53.9B
TTE beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
TTE Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $201.2B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
Rest of Europe
45.0%
+1.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Rest of Europe is the largest reported region at 45.0%, up 1.7% YoY.
TTE Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $120 — implies +48.6% from today's price.
Upside to Fair Value
48.6%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TTE
13.9x
vs
S&P 500
24.4x
43% discount
vs Energy Trailing P/E
TTE
13.9x
vs
Energy
15.5x
10% discount
vs TTE 5Y Avg P/E
Today
13.9x
vs
5Y Average
8.7x
+60% premium
Forward PE
7.3x
S&P 500
18.8x
-61%
Energy
12.5x
-41%
5Y Avg
—
—
Trailing PE
13.9x
S&P 500
24.4x
-43%
Energy
15.5x
-10%
5Y Avg
8.7x
+60%
PEG Ratio
—
S&P 500
1.66x
—
Energy
0.52x
—
5Y Avg
—
—
EV/EBITDA
6.3x
S&P 500
15.2x
-58%
Energy
7.8x
-19%
5Y Avg
4.2x
+50%
Price/FCF
16.6x
S&P 500
20.7x
-20%
Energy
13.8x
+20%
5Y Avg
8.2x
+103%
Price/Sales
1.0x
S&P 500
3.1x
-68%
Energy
1.4x
-31%
5Y Avg
0.7x
+40%
Dividend Yield
4.75%
S&P 500
1.91%
+148%
Energy
3.47%
+37%
5Y Avg
5.79%
-18%
| Metric | TTE | S&P 500 | Energy | 5Y Avg TTE |
|---|---|---|---|---|
| Forward PE | 7.3x | 18.8x-61% | 12.5x-41% | — |
| Trailing PE | 13.9x | 24.4x-43% | 15.5x | 8.7x+60% |
| PEG Ratio | — | 1.66x | 0.52x | — |
| EV/EBITDA | 6.3x | 15.2x-58% | 7.8x-19% | 4.2x+50% |
| Price/FCF | 16.6x | 20.7x-20% | 13.8x+20% | 8.2x+103% |
| Price/Sales | 1.0x | 3.1x-68% | 1.4x-31% | 0.7x+40% |
| Dividend Yield | 4.75% | 1.91% | 3.47% | 5.79% |
TTE trades above S&P 500 benchmarks on 0 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolTTE Financial Health
Verdict
Strong
TTE returns 9.2% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$184.0B
Revenue Growth
TTM vs prior year
-4.0%
Gross Margin
Gross profit as a share of revenue
30.9%
Operating Margin
Operating income divided by revenue
12.9%
Net Margin
Net income divided by revenue
8.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$6.95
Free Cash Flow (TTM)
Cash generation after capex
$11.0B
FCF Margin
FCF as share of revenue — the primary cash quality signal
6.0%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
9.9%
ROA
Return on assets, trailing twelve months
5.1%
Cash & Equivalents
Liquid assets on the balance sheet
$26.2B
Net Debt
Total debt minus cash
$35.2B
Debt Serviceability
Net debt as a multiple of annual free cash flow
3.2× FCF
~3.2 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
12.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
9.2%
Dividend
4.7%
Buyback
4.5%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$8.0B
Dividend / Share
Annualized trailing dividend per share
$3.82
Payout Ratio
Share of earnings distributed as dividends
64.4%
Shares Outstanding
Declining as buybacks retire shares
2.2B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageTTE Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 17, 2026
Medium
Stock price decline
AI models forecast a -6.1% decline in TTE's stock price by 2026, with a target of $79.04 compared to the current $84.17.
Medium
Valuation uncertainty
Projections suggest TTE's share price could fluctuate between €76.11 and €79.21 by 2026, indicating potential downside risk.
Lower
Revenue and earnings risk
Analyst price target predictions highlight potential risks in revenue and earnings estimates for TotalEnergies.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why TTE Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 17, 2026
Integrated multi-energy portfolio
TotalEnergies operates across oil, biofuels, natural gas, renewables, and electricity, providing diversified energy solutions.
Attractive valuation metrics
TTE's trailing and forward P/E ratios (11.73/10.68 and 13.31/11.99) suggest undervaluation relative to earnings potential.
Strong dividend compounding
Multiple bullish theses highlight TTE as a compelling dividend investment, appealing to income-focused investors.
Global energy supermajor status
As one of the seven supermajor oil companies with a century of operations, TTE benefits from scale and stability.
Energy transition positioning
The company's focus on renewables and green gases aligns with long-term decarbonization trends.
Customer-centric energy solutions
TotalEnergies emphasizes helping clients optimize energy consumption and budgets across diverse needs.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
TTE Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$80.43
52W Range Position
63%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$57.39
+40.1% from the low
52-Week High
$94.17
-14.6% from the high
1 Month
-13.91%
3 Month
-7.45%
YTD
+20.9%
1 Year
+29.7%
3Y CAGR
+12.0%
5Y CAGR
+11.6%
10Y CAGR
+5.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
TTE vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
7.3x
vs 9.2x median
-20% below peer median
Revenue Growth
+2.4%
vs +5.2% median
-53% below peer median
Net Margin
8.2%
vs 6.7% median
+23% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TTE TTE TotalEnergies SE | $179.1B | 7.3x | +2.4% | 8.2% | Buy | -5.9% |
XOM XOM Exxon Mobil Corporation | $584.0B | 12.5x | +5.2% | 8.9% | Hold | +23.4% |
CVX CVX Chevron Corporation | $346.5B | 12.1x | +8.6% | 6.7% | Buy | +15.3% |
SHE SHEL Shell plc | $222.2B | 7.8x | +6.8% | 7.0% | Buy | +28.9% |
BP BP BP p.l.c. | $102.1B | 7.4x | +3.8% | 1.6% | Hold | +9.6% |
E E Eni S.p.A. | $72.0B | 9.2x | +4.1% | 3.3% | Hold | +31.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
TTE Dividend and Capital Return
TTE returns 9.2% total yield, led by a 4.75% dividend, raised 6 consecutive years. Buybacks add another 4.5%.
Dividend WatchFCF Stretched
Total Shareholder Yield
9.2%
Dividend + buyback return per year
Buyback Yield
4.5%
Dividend Yield
4.75%
Payout Ratio
64.4%
How TTE Splits Its Return
Div 4.75%
Buyback 4.5%
Dividend 4.75%Buybacks 4.5%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$3.82
Growth Streak
Consecutive years of dividend increases
6Y
3Y Div CAGR
2.7%
5Y Div CAGR
14.7%
Ex-Dividend Date
—
Payment Cadence
Quarterly
10 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$8.0B
Estimated Shares Retired
100M
Approx. Share Reduction
4.5%
Shares Outstanding
Current diluted share count from the screening snapshot
2.2B
At 4.5%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $4.95 | — | — | — |
| 2025 | $7.65 | +83.2% | 5.5% | 11.4% |
| 2024 | $4.18 | +7.3% | 6.2% | 12.2% |
| 2023 | $3.89 | -44.8% | 5.6% | 10.2% |
| 2022 | $7.05 | +81.2% | 4.8% | 11.1% |
FAQ
7 questionsTTE Investor Questions
Common questions answered from live analyst data and company financials.
01Is TotalEnergies SE (TTE) stock a buy or sell in 2026?
TotalEnergies SE (TTE) is rated Buy by Wall Street analysts as of 2026. Of 34 analysts covering the stock, 20 rate it Buy or Strong Buy, 13 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $76, implying -5.9% from the current price of $80. The bear case scenario is $77 and the bull case is $161.
02What is the TTE stock price target for 2026?
The Wall Street consensus price target for TTE is $76 based on 34 analyst estimates. The high-end target is $83 (+3.2% from today), and the low-end target is $71 (-11.7%). The base case model target is $122.
03Is TotalEnergies SE (TTE) stock overvalued in 2026?
TTE trades at 7.3x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for TotalEnergies SE (TTE) stock in 2026?
The primary risks for TTE in 2026 are: (1) Stock price decline — AI models forecast a -6. (2) Valuation uncertainty — Projections suggest TTE's share price could fluctuate between €76. (3) Revenue and earnings risk — Analyst price target predictions highlight potential risks in revenue and earnings estimates for TotalEnergies. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is TotalEnergies SE's revenue and earnings forecast?
Analyst consensus estimates TTE will report consensus revenue of $188.5B (+2.4% year-over-year) and EPS of $7.87 (+13.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $191.2B in revenue.
06When does TotalEnergies SE (TTE) report its next earnings?
TotalEnergies SE is expected to report its next earnings on approximately 2026-07-23. Consensus expects EPS of $2.95 and revenue of $53.9B. Over recent quarters, TTE has beaten EPS estimates 33% of the time.
07How much free cash flow does TotalEnergies SE generate?
TotalEnergies SE (TTE) generated $11.0B in free cash flow over the trailing twelve months — a free cash flow margin of 6.0%. TTE returns capital to shareholders through dividends (4.7% yield) and share repurchases ($8.0B TTM).