TotalEnergies SE (TOTB) Fair Value & Analysis
Energy · DE · Market cap €157B · ISIN FR0000120271
What is TotalEnergies SE really worth?
A solid business, currently priced close to our fair value of €69.02.
Strengths
Risks
For context
Fair value as of: Sep 1, 2026
From 25 valuation models · updated today
Fair value updated Sep 1, 2026, revised from €68.76 to €69.02 (+0.4%) since Aug 27, 2026. Share price −1.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (€43.33 to €92.64) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range €26.11 – €79.75 · fair‑value band €43.33 – €92.64 · the €75.55 price screens above the €69.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.
Analysis
TotalEnergies SE (TOTB) currently trades at €75.55, while our model-based Fair Value estimate is €69.02, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Energy sector. Bull case: the Multiples group reads highest at a median of €88.36 per share, and 11 of the 25 models we run sit above the €75.55 price. Bear case: the Asset-Based group reads lowest at €34.65, and 14 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, TotalEnergies SE generated revenue of €184B at a net margin of 8.2%. Revenue grew 3.4% year over year. It earns a return on equity of 12.5%. Net debt stands at €33.9B. Fundamentals as of Sep 1, 2026
Our scenario range runs from €43.33 (bear case) to €92.64 (bull case); at €75.55, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −31% fair-value upside, at −9%, TOTB screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €1.21 per share, which is 1.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 25 models by family
Widest divergence: Multiples (€88.36) versus Asset-Based (€34.65). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 78
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021.
Full company description
TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TotalEnergies SE reported revenue of $190B in FY2025 versus $185B in FY2021, a compound +0.7%/yr. Reported net income was $13.7B in FY2025, compounding −3.9%/yr from FY2021.
of which total revenue +2.5 % · buybacks/dilution +0.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Exxon Mobil Corporation XOM | $156.44 | $88.98 | −43% |
| Chevron Corporation CVX | $201.86 | $90.66 | −55% |
| PetroChina Company 601857 | ¥11.23 | ¥15.47 | +38% |
| Shell plc SHELL | €40.28 | €39.46 | −2% |
| Petróleo Brasileiro S.A XPBRA | €7.11 | €2.03 | −71% |
| China Petroleum & Chemical Corporation 600028 | ¥5.29 | ¥3.67 | −31% |
| Equinor ASA EQNR | kr 395.90 | kr 338.01 | −15% |
| Suncor Energy Inc SU | C$91.13 | C$59.11 | −35% |
| Eni S.p.A E | $55.12 | $32.53 | −41% |
| Imperial Oil Limited IMO | $130.51 | $94.61 | −28% |
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