Last 48 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
TotalEnergies SE's quarterly P/E stands at 12.5x, up 55.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 16.9% YoY to 5.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.35 | 12.48 | 9.10 | 13.12 | 9.63 | 8.01 | 16.65 | 10.42 | 7.17 | 8.06 | — | — | — |
| — | +55.8% | -45.4% | +25.9% | +34.3% | -0.6% | — | — | — | — | — | — | — | |
| P/S Ratio | 0.91 | 0.77 | 0.75 | 0.76 | 0.77 | 0.68 | 0.81 | 0.79 | 0.78 | 0.73 | 0.73 | 0.68 | 0.63 |
| — | +12.7% | -6.6% | -3.2% | -1.7% | -7.2% | +10.0% | +15.3% | +24.8% | +20.0% | +59.7% | +41.4% | +21.7% | |
| P/B Ratio | 1.51 | 1.21 | 1.12 | 1.15 | 1.23 | 1.07 | 1.29 | 1.29 | 1.34 | 1.35 | 1.35 | 1.21 | 1.24 |
| — | +13.5% | -13.4% | -11.3% | -8.7% | -20.7% | -4.2% | +6.7% | +8.7% | -1.5% | +36.3% | +6.6% | +12.1% | |
| P/FCF | 15.92 | 5.45 | 7.20 | 28.59 | — | 3.64 | 12.48 | 7.31 | — | 3.63 | 7.00 | 5.85 | 221.80 |
| — | +49.9% | -42.3% | +291.0% | — | +0.1% | +78.2% | +25.0% | — | -85.9% | +249.6% | +90.9% | +2693.6% | |
| EV / EBITDA | 5.80 | 5.30 | 4.78 | 5.80 | 4.84 | 4.53 | 5.31 | 4.97 | 4.61 | 4.35 | 3.34 | 4.39 | 3.69 |
| — | +16.9% | -10.0% | +16.6% | +5.0% | +4.1% | +59.0% | +13.2% | +24.9% | +42.0% | +41.2% | +79.6% | +49.1% | |
| EV / EBIT | 9.49 | 9.73 | 5.97 | 7.87 | 6.23 | 5.51 | 8.75 | 6.37 | 5.11 | 5.08 | 4.46 | 5.84 | 4.30 |
| — | +76.6% | -31.7% | +23.6% | +21.9% | +8.4% | +96.3% | +9.0% | +18.7% | +12.9% | +64.5% | +63.2% | +7.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TotalEnergies SE's operating margin was 9.8% in Q4 2025, down 3.2 pp QoQ and down 2.1 pp YoY. The trailing four-quarter average of 11.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 66.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.5% | 9.8% | 13.0% | 27.4% | 29.3% | 29.0% | 26.6% | 28.6% | 29.2% | 25.7% | 32.5% | 28.3% | 28.9% |
| — | -66.1% | -51.0% | -4.2% | +0.4% | +12.9% | -18.2% | +1.4% | +1.2% | -17.4% | +9.8% | -9.1% | -10.4% | |
| Operating Margin | 11.5% | 9.8% | 13.0% | 9.7% | 13.4% | 12.0% | 10.1% | 12.7% | 14.3% | 12.3% | — | 12.8% | 15.4% |
| — | -17.9% | +29.6% | -23.9% | -6.7% | -2.7% | — | -0.5% | -6.7% | -36.0% | — | -34.4% | -19.1% | |
| Net Margin | 7.2% | 6.3% | 8.4% | 6.0% | 8.0% | 8.4% | 4.8% | 7.7% | 11.0% | 9.2% | 12.3% | 7.9% | 9.5% |
| — | -24.6% | +73.7% | -21.9% | -27.1% | -9.2% | -60.6% | -2.9% | +15.6% | +81.1% | +20.3% | -1.8% | +23.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 2.5% | 3.1% | 2.2% | 3.2% | 3.3% | 1.9% | 3.1% | 4.8% | 4.3% | 5.7% | 3.5% | 4.8% |
| — | -24.7% | +61.2% | -28.5% | -32.7% | -22.2% | -66.2% | -9.8% | -0.3% | +53.4% | +3.2% | -26.7% | +13.3% | |
| ROA | 4.7% | 1.0% | 1.3% | 0.9% | 1.3% | 1.4% | 0.8% | 1.3% | 2.0% | 1.8% | 2.3% | 1.4% | 1.9% |
| — | -27.6% | +54.0% | -31.6% | -33.8% | -21.3% | -65.2% | -5.5% | +8.4% | +76.7% | +20.5% | -17.7% | +16.4% | |
| ROIC | 10.9% | 2.2% | 2.7% | 2.0% | 3.2% | 2.8% | 2.4% | 3.1% | 3.8% | 3.4% | — | 3.3% | 4.6% |
| — | -21.8% | +13.6% | -34.2% | -16.9% | -18.0% | — | -6.2% | -17.0% | -46.0% | — | -51.2% | -21.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TotalEnergies SE's Debt/EBITDA ratio is 7.3x, up from 7.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.0% YoY to 0.97x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.54 | 0.52 | 0.49 | 0.45 | 0.50 | 0.45 | 0.46 | 0.42 | 0.49 | 0.48 | 0.51 |
| — | +16.6% | +7.2% | +16.7% | +5.9% | +6.3% | +2.0% | -7.5% | -9.9% | -21.0% | -5.2% | -8.1% | -5.1% | |
| Debt / EBITDA | 1.71 | 7.30 | 7.07 | 8.09 | 6.22 | 6.22 | 6.78 | 5.76 | 5.35 | 4.75 | 4.04 | 5.76 | 5.01 |
| — | +17.4% | +4.3% | +40.6% | +16.2% | +31.1% | +67.9% | -0.1% | +6.8% | +17.4% | -0.7% | +55.4% | +29.3% | |
| Current Ratio | 0.97 | 0.97 | 1.01 | 1.00 | 1.07 | 1.10 | 1.10 | 1.11 | 1.09 | 1.12 | 1.15 | 1.17 | 1.14 |
| — | -12.0% | -7.6% | -10.6% | -1.8% | -2.1% | -4.8% | -4.6% | -4.4% | -2.1% | -2.7% | -3.6% | -4.6% | |
| Quick Ratio | 0.79 | 0.79 | 0.82 | 0.81 | 0.86 | 0.88 | 0.88 | 0.87 | 0.87 | 0.90 | 0.91 | 0.96 | 0.91 |
| — | -11.0% | -6.5% | -7.2% | -0.4% | -2.2% | -3.6% | -9.3% | -4.7% | -3.5% | -10.3% | -3.2% | -9.0% | |
| Interest Coverage | 5.16 | 4.28 | 5.63 | 4.20 | 6.57 | 5.76 | 4.72 | 6.68 | 8.05 | 7.93 | — | 7.35 | 10.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonTotalEnergies SE's current P/E is 13.3x. The average P/E over the last 4 quarters is 11.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TotalEnergies SE's current operating margin is 11.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TotalEnergies SE's business trajectory between earnings reports.