30 years of historical data (1996–2025) · Energy · Oil & Gas Integrated
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TotalEnergies SE trades at 13.3x earnings, 55% above its 5-year average of 8.6x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 15.9x P/FCF, 95% above the 5-year average of 8.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $172.1B | $144.8B | $128.4B | $164.0B | $159.7B | $130.9B | $109.8B | $148.3B | $139.9B | $142.0B | $125.3B |
| Enterprise Value | $206.9B | $179.7B | $156.1B | $184.6B | $187.4B | $172.7B | $155.9B | $183.6B | $165.4B | $161.3B | $157.7B |
| P/E Ratio → | 13.35 | 10.87 | 8.15 | 7.77 | 7.91 | 8.35 | — | 13.17 | — | — | — |
| P/S Ratio | 0.91 | 0.76 | 0.66 | 0.75 | 0.61 | 0.71 | 0.92 | 0.84 | 0.76 | 0.95 | 0.98 |
| P/B Ratio | 1.51 | 1.23 | 1.07 | 1.37 | 1.39 | 1.14 | 1.04 | 1.24 | 1.18 | 1.25 | 1.23 |
| P/FCF | 15.92 | 13.40 | 8.05 | 7.14 | 5.04 | 7.25 | 27.20 | 11.52 | 18.35 | 16.60 | — |
| P/OCF | 6.05 | 5.09 | 4.16 | 4.03 | 3.37 | 4.31 | 7.42 | 6.01 | 5.66 | 6.36 | 7.59 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
TotalEnergies SE's enterprise value stands at 5.8x EBITDA, 39% above its 5-year average of 4.2x. The Energy sector median is 7.3x, placing the stock at a 20% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.95 | 0.80 | 0.84 | 0.71 | 0.94 | 1.30 | 1.04 | 0.90 | 1.08 | 1.23 |
| EV / EBITDA | 5.80 | 5.04 | 4.19 | 4.13 | 2.96 | 4.51 | 8.72 | 5.78 | 5.54 | 6.82 | 8.29 |
| EV / EBIT | 9.49 | 8.24 | 5.35 | 4.99 | 4.13 | 6.23 | — | 9.34 | 8.19 | 12.67 | 19.04 |
| EV / FCF | — | 16.62 | 9.79 | 8.04 | 5.92 | 9.56 | 38.59 | 14.26 | 21.70 | 18.86 | — |
Margins and return-on-capital ratios measuring operating efficiency
TotalEnergies SE earns an operating margin of 11.5%, below the Energy sector average of 13.9%. Operating margins have compressed from 14.1% to 11.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.5% is modest. ROIC of 10.9% represents solid returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.5% | 11.5% | 28.4% | 28.5% | 30.8% | 28.2% | 16.4% | 25.0% | 23.9% | 22.4% | 24.0% |
| Operating Margin | 11.5% | 11.5% | 12.3% | 14.1% | 18.9% | 13.0% | — | 8.7% | 8.3% | 4.7% | 3.6% |
| Net Profit Margin | 7.2% | 7.2% | 8.1% | 9.8% | 7.8% | 8.7% | -6.0% | 6.4% | 6.2% | 5.8% | 4.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 13.1% | 18.3% | 17.9% | 14.5% | -6.4% | 9.5% | 9.9% | 8.0% | 6.3% |
| ROA | 4.7% | 4.7% | 5.5% | 7.3% | 6.9% | 5.7% | -2.7% | 4.3% | 4.6% | 3.6% | 2.7% |
| ROIC | 10.9% | 10.9% | 12.6% | 16.4% | 24.9% | 11.6% | — | 7.7% | 8.3% | 3.9% | 2.6% |
| ROCE | 11.0% | 11.0% | 12.3% | 15.9% | 25.3% | 12.0% | — | 7.7% | 8.0% | 3.9% | 2.6% |
Solvency and debt-coverage ratios — lower is generally safer
TotalEnergies SE carries a Debt/EBITDA ratio of 1.7x, which is manageable (31% below the sector average of 2.5x). Net debt stands at $34.8B ($61.0B total debt minus $26.2B cash). Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.45 | 0.40 | 0.53 | 0.55 | 0.73 | 0.52 | 0.45 | 0.46 | 0.56 |
| Debt / EBITDA | 1.71 | 1.71 | 1.44 | 1.07 | 0.96 | 1.65 | 4.32 | 1.97 | 1.79 | 2.22 | 3.00 |
| Net Debt / Equity | — | 0.30 | 0.23 | 0.17 | 0.24 | 0.36 | 0.43 | 0.30 | 0.22 | 0.17 | 0.32 |
| Net Debt / EBITDA | 0.98 | 0.98 | 0.74 | 0.46 | 0.44 | 1.09 | 2.57 | 1.11 | 0.86 | 0.81 | 1.70 |
| Debt / FCF | — | 3.22 | 1.74 | 0.90 | 0.88 | 2.31 | 11.40 | 2.74 | 3.35 | 2.25 | — |
| Interest Coverage | 5.16 | 5.16 | 6.26 | 13.84 | 24.09 | 13.73 | — | 6.94 | 7.90 | 4.58 | 4.14 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.97x is below 1.0, meaning current liabilities exceed current assets — though the company's $26.2B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.12x to 0.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.97 | 0.97 | 1.10 | 1.12 | 1.15 | 1.17 | 1.23 | 1.21 | 1.28 | 1.50 | 1.33 |
| Quick Ratio | 0.79 | 0.79 | 0.88 | 0.90 | 0.94 | 0.96 | 1.00 | 0.97 | 1.04 | 1.21 | 1.05 |
| Cash Ratio | 0.32 | 0.32 | 0.37 | 0.38 | 0.38 | 0.35 | 0.55 | 0.44 | 0.51 | 0.65 | 0.53 |
| Asset Turnover | — | 0.65 | 0.69 | 0.77 | 0.87 | 0.63 | 0.45 | 0.64 | 0.72 | 0.61 | 0.55 |
| Inventory Turnover | 10.08 | 10.08 | 7.42 | 8.11 | 7.94 | 6.65 | 6.80 | 7.72 | 9.41 | 7.00 | 6.38 |
| Days Sales Outstanding | — | 35.70 | 76.12 | 71.35 | 81.95 | 109.38 | 78.53 | 70.94 | 61.64 | 69.18 | 73.18 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TotalEnergies SE returns 9.4% to shareholders annually — split between a 4.8% dividend yield and 4.7% buyback yield. A payout ratio of 61.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.8% | 5.8% | 6.0% | 4.6% | 6.3% | 6.3% | 6.1% | 4.5% | 3.5% | 1.9% | 2.1% |
| Payout Ratio | 61.9% | 61.9% | 49.0% | 35.2% | 48.7% | 51.3% | — | 58.9% | 42.9% | 30.6% | 42.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 9.2% | 12.3% | 12.9% | 12.6% | 12.0% | — | 7.6% | — | — | — |
| FCF Yield | 6.3% | 7.5% | 12.4% | 14.0% | 19.8% | 13.8% | 3.7% | 8.7% | 5.4% | 6.0% | — |
| Buyback Yield | 4.7% | 5.5% | 6.2% | 5.6% | 4.8% | 1.4% | 0.6% | 1.9% | 3.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.4% | 11.4% | 12.2% | 10.2% | 11.1% | 7.7% | 6.6% | 6.4% | 6.6% | 1.9% | 2.1% |
| Shares Outstanding | — | $2.2B | $2.4B | $2.4B | $2.6B | $2.6B | $2.6B | $2.7B | $2.7B | $2.6B | $2.5B |
Compare TTE with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| TTEYou | $172B | 13.3 | 5.8 | 15.9 | 11.5% | 11.5% | 11.5% | 10.9% | 1.7 |
| SHEL | $236B | 13.9 | 5.9 | 10.8 | 16.7% | 11.5% | 10.1% | 9.9% | 2.0 |
| BP | $100B | 1904.9 | 4.4 | 8.8 | 17.4% | 8.2% | 0.1% | 9.8% | 2.5 |
| EQNR | $74B | 15.3 | 2.8 | 12.4 | 26.8% | 25.7% | 12.2% | 30.7% | 0.9 |
| E | $69B | 24.3 | 6.7 | 11.5 | 11.4% | 5.9% | 4.8% | 4.9% | 2.7 |
| SLNG | $105M | 22.6 | 10.0 | 23.1 | 19.2% | 4.6% | 7.1% | 3.8% | 0.9 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonTotalEnergies SE's current P/E ratio is 13.3x. The historical average is 9.4x. This places it at the 100th percentile of its historical range.
TotalEnergies SE's current EV/EBITDA is 5.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
TotalEnergies SE's return on equity (ROE) is 11.5%. The historical average is 15.4%.
Based on historical data, TotalEnergies SE is trading at a P/E of 13.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TotalEnergies SE's current dividend yield is 4.75% with a payout ratio of 61.9%.
TotalEnergies SE has 11.5% gross margin and 11.5% operating margin. Operating margin between 10-20% is typical for established companies.
TotalEnergies SE's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.