TotalEnergies SE

XTRA:TOTB Stock Report

Market Cap: €132.5b

TotalEnergies Valuation

Is TOTB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TOTB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOTB (€58.09) is trading below our estimate of fair value (€123.79)

Significantly Below Fair Value: TOTB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOTB?

Key metric: As TOTB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TOTB. This is calculated by dividing TOTB's market cap by their current earnings.
What is TOTB's PE Ratio?
PE Ratio8.3x
EarningsUS$16.87b
Market CapUS$139.49b

Price to Earnings Ratio vs Peers

How does TOTB's PE Ratio compare to its peers?

The above table shows the PE ratio for TOTB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.6x
857 PetroChina
5.9x-3.8%HK$1.5t
386 China Petroleum & Chemical
9.6x9.5%HK$769.4b
SHEL Shell
13x5.5%UK£160.9b
PETR4 Petróleo Brasileiro - Petrobras
5.8x12.9%R$504.5b
TOTB TotalEnergies
8.3x0.1%€132.5b

Price-To-Earnings vs Peers: TOTB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (8.6x).

Price to Earnings Ratio vs Industry

How does TOTB's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOTB 8.3xIndustry Avg. 8.3xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOTB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is TOTB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOTB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: TOTB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TOTB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€58.09
€72.33
+24.5%
10.3%€92.82€60.13n/a21
Nov ’25€57.89
€71.06
+22.7%
9.4%€90.18€61.12n/a21
Oct ’25€59.36
€72.20
+21.6%
10.9%€97.12€62.45n/a21
Sep ’25€62.17
€71.72
+15.4%
10.4%€97.07€64.39n/a21
Aug ’25€61.84
€73.74
+19.2%
10.3%€99.62€65.41n/a21
Jul ’25€63.64
€73.92
+16.1%
10.0%€98.43€64.81n/a21
Jun ’25€67.01
€73.43
+9.6%
9.9%€97.59€64.50n/a21
May ’25€68.65
€73.59
+7.2%
10.0%€98.85€64.90n/a21
Apr ’25€63.51
€71.47
+12.5%
9.8%€99.17€61.48n/a21
Mar ’25€59.83
€70.40
+17.7%
10.6%€98.30€59.28n/a22
Feb ’25€60.64
€71.19
+17.4%
10.8%€99.81€59.45n/a22
Jan ’25€61.78
€69.46
+12.4%
10.7%€94.41€58.17n/a21
Dec ’24€62.37
€69.07
+10.7%
10.9%€95.02€58.55n/a21
Nov ’24€63.63
€70.36
+10.6%
11.4%€98.51€60.70€57.8921
Oct ’24€62.29
€68.06
+9.3%
8.0%€77.96€59.97€59.3621
Sep ’24€58.86
€65.16
+10.7%
8.7%€75.69€53.14€62.1721
Aug ’24€54.65
€64.93
+18.8%
8.2%€77.37€56.91€61.8421
Jul ’24€52.55
€65.60
+24.8%
8.7%€77.88€53.95€63.6421
Jun ’24€53.83
€66.99
+24.4%
8.9%€79.22€54.88€67.0123
May ’24€57.93
€65.75
+13.5%
8.9%€77.46€55.33€68.6523
Apr ’24€54.37
€65.47
+20.4%
9.7%€77.75€54.41€63.5123
Mar ’24€57.96
€67.31
+16.1%
9.4%€81.08€55.37€59.8323
Feb ’24€56.11
€65.77
+17.2%
9.6%€79.64€54.16€60.6423
Jan ’24€59.12
€64.68
+9.4%
11.6%€86.16€47.38€61.7823
Dec ’23€59.10
€63.92
+8.2%
12.3%€86.91€47.79€62.3723
Nov ’23€56.25
€65.48
+16.4%
12.9%€92.60€50.91€63.6324

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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