TotalEnergies SE (TTFNF)
NEUTRALFundamental
65
Price
$75.70
Market Cap
$168.86B
Part 1 · What the company is worth
Overview
TotalEnergies is a French multi-energy company that finds and produces oil and natural gas, liquefies and ships gas as LNG, refines crude into fuels and petrochemicals, and increasingly builds and operates power plants and renewable energy assets. It sells across the full chain from wellhead to gas station and household electricity meter, in more than 100 countries, and has been shifting new investment toward gas and low-carbon power alongside its traditional oil business.
How it makes money
Revenue is organized in five businesses: Exploration & Production sells crude oil and gas at prices set by global commodity markets, Integrated LNG liquefies and sells gas under long-term contracts and spot cargoes (43.9 million tonnes sold in 2025), Integrated Power sells electricity from a growing renewables and gas-fired fleet (34.1 GW of renewable capacity), Refining & Chemicals turns crude into fuels and plastics, and Marketing & Services sells fuel and convenience products through service stations. Because oil and gas prices are set externally rather than by TotalEnergies, profit depends heavily on the cost of finding and producing each barrel relative to whatever the market happens to be paying.
What drives demand
CyclicalResults move with global oil and gas prices, which swing with worldwide economic activity, OPEC+ production decisions and geopolitical events far outside the company's control. TotalEnergies itself lists price fluctuations in crude oil and natural gas, and the evolution of demand and prices for petroleum products, among the market risk factors that drive its results.
Key risks
- Oil and gas price volatility — The company names price fluctuations in crude oil and natural gas, and the evolution of demand and price for petroleum products, as market risk factors directly affecting its results.
- Geopolitical tensions and external threats — The 20-F risk factor section names geopolitics and external threats as a distinct risk category, noting that heightened geopolitical tensions are pushing different regions of the world down increasingly divergent paths that affect operations and markets.
- Energy transition uncertainty — Energy transition is named as its own risk category; the company states that achieving ambitious climate scenarios currently seems out of reach given the state of geopolitical tensions, which affects the pace and profitability of its low-carbon investments.
- Operational risk — The 20-F lists operational risks as a distinct category alongside market and geopolitical risk, covering the hazards inherent in exploring for, producing, transporting and refining hydrocarbons across a large global asset base.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$196.38B
Trailing 12 months (through 6/30/2026)
Net Income
$17.84B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$13.53B
Total Equity
$110.89B
Total Liabilities
$62.92B
Current Ratio
1.06
Interest Coverage
-
Debt/EBITDA
1.59
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$98.75
Current Price
$75.70
Margin of Safety
+23.3%
Fair Value Range
$64.19 - $133.31
Estimation Methods
Valuation Metrics
P/E Ratio
11.13
ROE
14.5%
P/B Ratio
1.52
P/FCF
12.48
Gross Margin
37.7%
ROIC
11.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
11.4%
WACC
5.8%
ROIC − WACC
+5.6 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (13)
- Price CAGR 5.20%
- ROIC 11.4%
- Gross Margin 37.7%
- P/FCF 12.48
- P/B Ratio 1.52
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- ROE 14.8%
- Revenue Growth 5Y 8.8%
- Analyst Consensus 59% Buy
- Earnings Quality (OCF/NI) 2.52
Failed (5)
- CapEx intensity
- DCF valuation (Fairly valued)
- Earnings Surprise avg 0.4%
- Net Margin Trend 7.2% vs 8.1%
- Piotroski F-Score 2/9
Unavailable (9)
- EPS data insufficient
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Patrick Pouyanne | Chairman & CEO | 62 |
| Mr. Jean-Pierre Sbraire | Chief Financial Officer | 60 |
| Ms. Marie-Noëlle Semeria | Senior VP & Group CTO | - |
| Mr. Michel Hourcard | SVP of Development & Ops Techniques - Exploration/Production & SVP of Scientific & Technical Center | - |
| Mr. Renaud Lions | Senior Vice President of Investor Relations | - |
| Mr. Bernard Pinatel | President of Downstream and President of Marketing & Services | 63 |
| Ms. Catherine Remy | President of People & Social Engagement | 47 |
| Mr. Martin Deffontaines | Senior Vice President of Talent Management | 60 |
| Mr. Stephane Michel | President of Gas, Renewables & Power | 52 |
| Mr. Laurent Vivier | Senior Vice President of Middle East & North Africa - Exploration and Production | 55 |
Audit Risk
10
Board Risk
5
Compensation Risk
1
Shareholder Rights Risk
5
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for TTFNF, sourced from Markets Gazette.