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TotalEnergies SE (CHIX:TTEP) Cyclically Adjusted Book per Share : €44.44 (As of Mar. 2025)


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What is TotalEnergies SE Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

TotalEnergies SE's adjusted book value per share for the three months ended in Mar. 2025 was €49.135. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €44.44 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TotalEnergies SE's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of TotalEnergies SE was 8.40% per year. The lowest was 4.00% per year. And the median was 6.60% per year.

As of today (2025-05-31), TotalEnergies SE's current stock price is €52.34. TotalEnergies SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €44.44. TotalEnergies SE's Cyclically Adjusted PB Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TotalEnergies SE was 1.76. The lowest was 0.70. And the median was 1.41.


TotalEnergies SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for TotalEnergies SE's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TotalEnergies SE Cyclically Adjusted Book per Share Chart

TotalEnergies SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.32 37.89 40.91 43.31 43.73

TotalEnergies SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.17 43.87 43.85 43.73 44.44

Competitive Comparison of TotalEnergies SE's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, TotalEnergies SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TotalEnergies SE's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TotalEnergies SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TotalEnergies SE's Cyclically Adjusted PB Ratio falls into.


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TotalEnergies SE Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, TotalEnergies SE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=49.135/120.3800*120.3800
=49.135

Current CPI (Mar. 2025) = 120.3800.

TotalEnergies SE Quarterly Data

Book Value per Share CPI Adj_Book
201506 37.884 100.440 45.405
201509 37.207 99.950 44.812
201512 34.798 100.040 41.873
201603 37.010 100.020 44.544
201606 36.499 100.630 43.662
201609 36.550 100.340 43.850
201612 38.492 100.650 46.037
201703 39.733 101.170 47.277
201706 38.298 101.320 45.502
201709 36.932 101.330 43.875
201712 37.398 101.850 44.202
201803 37.613 102.750 44.067
201806 38.418 103.370 44.740
201809 38.705 103.560 44.991
201812 38.494 103.470 44.785
201903 40.152 103.890 46.525
201906 39.746 104.580 45.751
201909 40.192 104.500 46.300
201912 40.394 104.980 46.320
202003 39.393 104.590 45.340
202006 34.748 104.790 39.918
202009 33.019 104.550 38.018
202012 32.427 104.960 37.191
202103 34.912 105.750 39.742
202106 33.981 106.340 38.467
202109 35.418 106.810 39.918
202112 37.937 107.850 42.345
202203 40.830 110.490 44.485
202206 43.058 112.550 46.054
202209 47.133 112.740 50.327
202212 42.494 114.160 44.809
202303 43.981 116.790 45.333
202306 43.185 117.650 44.187
202309 45.275 118.260 46.087
202312 45.525 118.390 46.290
202403 46.932 119.470 47.289
202406 47.208 120.200 47.279
202409 45.853 119.560 46.167
202412 50.065 119.950 50.244
202503 49.135 120.380 49.135

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


TotalEnergies SE  (CHIX:TTEp) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

TotalEnergies SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=52.34/44.44
=1.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TotalEnergies SE was 1.76. The lowest was 0.70. And the median was 1.41.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


TotalEnergies SE Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of TotalEnergies SE's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


TotalEnergies SE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies SE (CHIX:TTEp) » Definitions » Cyclically Adjusted Book per Share
Address
2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400
TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.5 million barrels of liquids and 5.2 billion cubic feet of natural gas per day. At the end of 2024, reserves stood at 11.1 billion barrels of oil equivalent, 54% of which are liquids. During 2024, it had LNG sales of 39.8 million metric tons. The company owns interests in refineries with a capacity of nearly 1.8 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. At year-end, its gross installed renewable power generation capacity was 26 gigawatts.

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