TotalEnergies (TTE.PA): analysis in plain words
Is TotalEnergies cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
TotalEnergies (TTE.PA) is listed on Euronext Paris and we classify it in oil and gas. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against TotalEnergies according to those figures, and the questions people ask most about the stock. No buy or sell tips.
TotalEnergies (TTE.PA) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €81.57 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 9.5x | Price over earnings per share |
| Revenue growth | +41.1% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 10.5% | Profit for every 100 of sales |
| Net debt / EBITDA | 0.5x | Years of operating profit to repay debt |
| Dividend yield | 4.35% | Annual dividend over price |
| Market cap | €179.3 billion | What the stock market values it at |
The TotalEnergies figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any TTE.PA figure that is not available shows as N/A: we do not estimate it.
How TotalEnergies makes money
TotalEnergies reports five segments: Exploration & Production of oil and gas, Integrated LNG, Integrated Power (renewables and electricity sales), Refining & Chemicals, and Marketing & Services, which runs its fuel station network. Pumping and selling oil and liquefied natural gas generates most of its profit.
Over the last 12 months, TotalEnergies brought in revenue of $214.4 billion. For every 100 it sells, TotalEnergies keeps 39.2 after the direct cost of what it sells (gross margin) and 24.5 after all operating costs (operating margin). With 94,847 full-time employees, that is about $2 million of revenue per employee.
TotalEnergies against its sector
To know whether a TotalEnergies figure is high or low you have to put it next to similar companies. This table compares TotalEnergies with the median of the 14 oil and gas companies Fintols covers, with data as of November 4, 2026.
| Figure | TotalEnergies | oil and gas median |
|---|---|---|
| P/E | 9.5x | 16.1x (14) |
| Revenue growth | +41.1% | +38.3% (14) |
| Net margin | 10.5% | 10.5% (14) |
| Dividend yield | 4.35% | 2.52% (14) |
| Net debt / EBITDA | 0.5x | 0.6x (13) |
In short, against the typical oil and gas company, TotalEnergies trades on a lower P/E and pays a higher dividend yield. By size, TotalEnergies ranks number 1 of 3 oil and gas companies quoted in EUR on Fintols.
The bull case for TotalEnergies
What works in favour of TotalEnergies, according to its figures as of November 4, 2026:
- TotalEnergies grew sales +41.1% in its latest quarter against the same quarter a year earlier, while the median oil and gas company Fintols tracks grew +38.3%.
- For income seekers, TotalEnergies pays a dividend yielding 4.35% at today's price, using 40% of its profit to fund it.
- On a P/E basis TotalEnergies trades cheaper than its sector: 9.5x its annual earnings, against 16.1x for the oil and gas median (14 companies with data).
The main risk for TotalEnergies
The TotalEnergies figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: oil and gas prices, which it does not control and which swing its profit year to year, plus the energy transition.
Frequently asked questions about TotalEnergies
Is it a good time to buy TotalEnergies stock?
Fintols does not tell you whether to buy or sell TotalEnergies, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, TotalEnergies stock trades at €81.57, 5% below its 52-week high (€85.94) and 54% above its low (€52.93). Its P/E is 9.5x against a oil and gas median of 16.1x, and 7.2x on the earnings analysts expect over the next 12 months. With TotalEnergies, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does TotalEnergies pay a dividend?
Yes. As of November 4, 2026, TotalEnergies pays €3.60 per share a year, which at today's price is a yield of 4.35%. It uses 40% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 5.08%. The oil and gas median on Fintols is 2.52%.
Is TotalEnergies stock expensive?
It depends on what you compare it with. On P/E, TotalEnergies trades at 9.5x its last 12 months of earnings: cheaper than the oil and gas median (16.1x). Including its debt, TotalEnergies is valued at 4.4x its EBITDA (EV/EBITDA). A high P/E alone does not make TotalEnergies expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are TotalEnergies's competitors?
On Fintols we compare TotalEnergies with Eni, Valero and Kinder Morgan, which are also in oil and gas. As of November 4, 2026, Eni is worth €72.8 billion and trades on a P/E of 17.5; Valero is worth $101.9 billion and trades on a P/E of 8.3; Kinder Morgan is worth $70.2 billion and trades on a P/E of 19.5. Each has a side-by-side comparison with TotalEnergies below.
TotalEnergies competitors
- Eni (ENI.MI) analysis · TotalEnergies vs Eni comparison
- Valero (VLO) analysis · TotalEnergies vs Valero comparison
- Kinder Morgan (KMI) analysis · TotalEnergies vs Kinder Morgan comparison
To understand TotalEnergies better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like TotalEnergies: oil and gas stocks and Euro Stoxx 50 companies. Open the full TTE.PA analysis with its valuation and scenarios. Educational content about TotalEnergies, not investment advice.