TotalEnergies (TTES) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of TotalEnergies C$39.57, price C$31.58, upside +25.3%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch TotalEnergies CDR (CAD Hedged) for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 29, 2026.
How to read this chart
10‑month range C$23.00 – C$33.92 · fair‑value band C$26.76 – C$59.34 · the C$31.58 price screens below the C$39.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 29, 2026.
Follow TotalEnergies CDR (CAD Hedged) in your weekly email
Every Wednesday you see whether TotalEnergies CDR (CAD Hedged) is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural and green gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally.
Show more
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural and green gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services. The Exploration & Production segment is involved in the exploration and production of oil and natural gas. The Integrated LNG segment comprises the integrated gas chain, including upstream and midstream liquified natural gas (LNG) activities, as well as biogas, hydrogen, and gas trading activities. The Integrated Power segment includes generation, storage, electricity trading, and B2B-B2C distribution of gas and electricity. The Refining & Chemicals segment is involved in refining, petrochemicals, and specialty chemicals, as well as oil supply, trading, and marine shipping activities. The Marketing & Services segment supplies and markets petroleum products. 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.
Stock analysis
TotalEnergies CDR (CAD Hedged) (TTES) currently trades at C$31.58, while our model-based Fair Value estimate is C$39.57, implying the stock looks roughly 20.2% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of C$49.24 per share, and 19 of the 24 models we run sit above the C$31.58 price.
Bear case: the Asset-Based group reads lowest at C$19.93, and 5 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$26.76 (bear) to C$59.34 (bull), the price of C$31.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TotalEnergies CDR (CAD Hedged) reported revenue of $182B in FY2025 versus $185B in FY2021, a compound −0.3%/yr. Reported net income was $13.1B in FY2025, compounding −4.9%/yr from FY2021.
Key figures
Market cap C$174B (≈ $122B) · P/E ratio 3.4 · P/S ratio 0.24 · Dividend yield 13.0% · Net margin 7.2% · Return on equity 1,108% · Return on assets (EBIT) 10.3% · Free cash flow $10.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Energy peers we cover trades at −13% fair-value upside, at 25%, TTES screens cheaper than that median.
Fair Value models
Bear C$26.76Fair Value C$39.57Bull C$59.34
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.5%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.1%
Dividend (yield on the price)13.0%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −12.5% a year for the price.
Compare TotalEnergies CDR (CAD Hedged) with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Integrated · 45 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+25.3% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)7.2% · Below median
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Dividend yield (TTM)13.0% · Top 25%
Balance sheet
Debt / equity0.42× · Above median
Valuation Multiplesvs Oil & Gas Integrated median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is TotalEnergies (TTES) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of C$39.57 versus a price of C$31.58, about +25% upside (undervalued).
What is the fair value of TTES?
Our model-based fair value for TotalEnergies CDR (CAD Hedged) is C$39.57 (as of Sep 29, 2026), built from audited fundamentals. The current price: C$31.58.
What is the quality score of TTES?
TotalEnergies CDR (CAD Hedged) has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TotalEnergies (TTES)?
Our model-based price target is the fair value of C$39.57 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario C$26.76, optimistic scenario C$59.34. It is a calculation from audited fundamentals, not an analyst target.
What is the TotalEnergies CDR (CAD Hedged) stock forecast for 2026?
Our models put fair value at C$39.57, about +25% upside versus a price of C$31.58 (undervalued). Cautious scenario C$26.76, optimistic scenario C$59.34. The calculation is refreshed regularly with new filings.
Does TotalEnergies CDR (CAD Hedged) pay a dividend?
TotalEnergies CDR (CAD Hedged) currently shows a dividend yield of about 13.02% relative to its recent price (as of Sep 29, 2026).
What growth is priced into TotalEnergies (TTES)?
For today's price to be fair in a discounted-cash-flow model, TotalEnergies CDR (CAD Hedged) would have to grow free cash flow by -10.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -0.3 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of TTES use?
Our models discount TotalEnergies CDR (CAD Hedged) at 9.0 %: a base by market capitalisation (large), country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TotalEnergies CDR (CAD Hedged) that is -10.4 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has TotalEnergies (TTES) delivered so far?
Over the past 4 years revenue at TotalEnergies CDR (CAD Hedged) grew -0.3 % a year. The price currently implies -10.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TotalEnergies (TTES) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into TotalEnergies CDR (CAD Hedged) (-10.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TotalEnergies (TTES)?
The free-cash-flow yield on the price is 21.87 %: that much free cash flow TotalEnergies CDR (CAD Hedged) produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TotalEnergies (TTES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TotalEnergies CDR (CAD Hedged) it is C$39.57 per share (as of Sep 29, 2026), against a price of C$31.58. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TotalEnergies CDR (CAD Hedged) stock overvalued or undervalued in 2026?
As of Sep 29, 2026, TTES trades below its calculated fair value: price C$31.58, fair value C$39.57, a gap of about +25% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TTES?
No. The price is what the market pays today (C$31.58); the fair value is what the company's own numbers justify (C$39.57). For TotalEnergies CDR (CAD Hedged) the two are C$7.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is TotalEnergies CDR (CAD Hedged) worth?
The market values TotalEnergies CDR (CAD Hedged) at about C$174B (market capitalisation, as of Sep 29, 2026). Per share that is C$31.58; our models calculate a fair value of C$39.57 per share.
What do the bullish and bearish scenarios say about TTES?
Our models span a range for TotalEnergies CDR (CAD Hedged): cautious scenario C$26.76, base C$39.57, optimistic C$59.34 per share (as of Sep 29, 2026, price C$31.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TTES?
TotalEnergies CDR (CAD Hedged) trades at a price-to-earnings ratio of 3.4 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$39.57 is built from several models across several years. Other multiples: PEG 0.2, P/B 1.1.
What is the PEG ratio of TTES?
The PEG ratio of TotalEnergies CDR (CAD Hedged) is 0.18 (P/E divided by earnings growth, as of Sep 29, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TotalEnergies (TTES)?
Balance-sheet figures for TotalEnergies CDR (CAD Hedged) (as of Sep 29, 2026): debt of 0.42 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
Which stocks are comparable to TotalEnergies CDR (CAD Hedged)?
From the same area (Energy) we also value Saudi Arabian Oil Company, Exxon Mobil Corporation, Chevron Corporation, PetroChina Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TotalEnergies CDR (CAD Hedged) stock attractive at the current price?
The data as of Sep 29, 2026: price C$31.58, calculated fair value C$39.57 (+25%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TTES calculated?
We run TotalEnergies CDR (CAD Hedged) through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$39.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. TotalEnergies CDR (CAD Hedged) currently trades 20 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TotalEnergies (TTES)?
The closing price on Oct 1, 2026 was C$31.58. Our model-based fair value is C$39.57, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TotalEnergies CDR (CAD Hedged) right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (C$26.76 to C$59.34) leaves room in how you read the outcome.
Key figures of TotalEnergies CDR (CAD Hedged)
How large is the market capitalisation of TotalEnergies (TTES)?
The market capitalisation of TotalEnergies CDR (CAD Hedged) is C$174B (≈ $122B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TotalEnergies (TTES)?
The price-to-sales ratio of TotalEnergies CDR (CAD Hedged) is 0.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of TotalEnergies (TTES)?
The dividend yield of TotalEnergies CDR (CAD Hedged) is 13.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TotalEnergies (TTES)?
The net margin of TotalEnergies CDR (CAD Hedged) is 7.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TotalEnergies (TTES)?
The return on equity (ROE) of TotalEnergies CDR (CAD Hedged) is 1,108% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TotalEnergies (TTES)?
On an EBIT basis the return on assets of TotalEnergies CDR (CAD Hedged) is 10.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much net debt does TotalEnergies (TTES) carry?
The net debt of TotalEnergies CDR (CAD Hedged) is $34.0B (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch TotalEnergies CDR (CAD Hedged) in the live analysis
One click puts TotalEnergies CDR (CAD Hedged) on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 29, 2026