TotalEnergies SE (XSWX:TTE) Cyclically Adjusted PS Ratio: 0.97 (As of Aug. 09, 2026) — 29% Above Median

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XSWX:TTE TotalEnergies SE XSWX:TTE
83 GF Score
Price CHF69.63
GF Value CHF55.76
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is TotalEnergies SE Cyclically Adjusted PS Ratio?

TotalEnergies SE XSWX:TTE 83 Cyclically Adjusted PS Ratio is 0.97 as of Aug. 09, 2026, which is 29% above its 10-year median of 0.75. GuruFocus rates XSWX:TTE with a GF Score™ of 83/100 and a GF Value™ of CHF55.76 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 716 Oil & Gas companies, TotalEnergies SE ranks better than 50.98% on this metric.

As of today (2026-08-09), TotalEnergies SE's current share price is CHF69.63. TotalEnergies SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CHF71.58. TotalEnergies SE's Cyclically Adjusted PS Ratio for today is 0.97.

The historical rank and industry rank for TotalEnergies SE's Cyclically Adjusted PS Ratio or its related term are showing as below:

XSWX:TTE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.75   Max: 1.12
Current: 1.01

During the past years, TotalEnergies SE's highest Cyclically Adjusted PS Ratio was 1.12. The lowest was 0.37. And the median was 0.75.

XSWX:TTE's Cyclically Adjusted PS Ratio is ranked better than
50.98% of 716 companies
in the Oil & Gas industry
Industry Median: 1.04 vs XSWX:TTE: 1.01

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

TotalEnergies SE's adjusted revenue per share data for the three months ended in Jun. 2026 was CHF20.477. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is CHF71.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TotalEnergies SE  (XSWX:TTE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


TotalEnergies SE Cyclically Adjusted PS Ratio Related Terms


TotalEnergies SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TotalEnergies SE's Cyclically Adjusted PS Ratio 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.

TotalEnergies SE Cyclically Adjusted PS Ratio Chart

TotalEnergies SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.87 0.89 0.77 0.79

TotalEnergies SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 0.74 0.74 0.79 1.13 0.93

XSWX:TTE vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, TotalEnergies SE's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


XSWX:TTE
83GF Score
TotalEnergies SE XSWX:TTE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TotalEnergies SE Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

TotalEnergies SE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.63/71.58
=0.97

* 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.

TotalEnergies SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TotalEnergies SE's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.477/123.5100*123.5100
=20.477

Current CPI (Jun. 2026) = 123.5100.

TotalEnergies SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.522 100.340 15.414
201612 15.441 100.650 18.948
201703 14.464 101.170 17.658
201706 12.946 101.320 15.781
201709 13.889 101.330 16.929
201712 14.823 101.850 17.975
201803 15.982 102.750 19.211
201806 16.927 103.370 20.225
201809 17.529 103.560 20.906
201812 17.420 103.470 20.794
201903 16.979 103.890 20.186
201906 16.367 104.580 19.330
201909 15.802 104.500 18.677
201912 16.068 104.980 18.904
202003 14.228 104.590 16.802
202006 7.895 104.790 9.305
202009 9.443 104.550 11.155
202012 9.999 104.960 11.766
202103 13.320 105.750 15.557
202106 13.706 106.340 15.919
202109 16.767 106.810 19.389
202112 19.108 107.850 21.883
202203 22.481 110.490 25.130
202206 26.176 112.550 28.725
202209 24.619 112.740 26.971
202212 23.182 114.160 25.081
202303 21.628 116.790 22.872
202306 18.728 117.650 19.661
202309 20.090 118.260 20.982
202312 19.738 118.390 20.592
202403 18.598 119.470 19.227
202406 18.689 120.200 19.204
202409 16.991 119.560 17.552
202412 18.447 119.950 18.994
202503 18.574 120.380 19.057
202506 15.955 121.360 16.238
202509 15.637 120.950 15.968
202512 16.769 120.900 17.131
202603 17.982 122.420 18.142
202606 20.477 123.510 20.477

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 0.97 mean?
TotalEnergies SE (XSWX:TTE) has a Cyclically Adjusted PS Ratio of 0.97 as of Aug. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TotalEnergies SE and its competitors. This is 29% above median its historical median of 0.75. Over the past decade, TotalEnergies SE's Cyclically Adjusted PS Ratio has ranged from 0.37 to 1.12. According to the industry distribution chart, TotalEnergies SE ranks #351 out of 716 companies in the Oil & Gas industry, placing it in the top 49%.
Is TotalEnergies SE's Cyclically Adjusted PS Ratio too high?
TotalEnergies SE's current Cyclically Adjusted PS Ratio of 0.97 is 29% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.12. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. TotalEnergies SE's value of 0.97 is 6.7% below this industry median. Based on the distribution chart, TotalEnergies SE ranks #351 out of 716 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TotalEnergies SE has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's Cyclically Adjusted PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #351 out of 716 companies for Cyclically Adjusted PS Ratio. This puts TotalEnergies SE in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. TotalEnergies SE's value of 0.97 is 6.7% below this benchmark. Historically, TotalEnergies SE's own Cyclically Adjusted PS Ratio has ranged from 0.37 to 1.12 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.04, TotalEnergies SE has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TotalEnergies SE's current Cyclically Adjusted PS Ratio of 0.97 is 6.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TotalEnergies SE and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TotalEnergies SE's current Cyclically Adjusted PS Ratio is 0.97, which is 29% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TotalEnergies SE stock overvalued right now?
Based on GuruFocus' analysis, TotalEnergies SE (XSWX:TTE) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF55.76, compared to a current price of CHF69.63 — trading 24.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is 29% above median its 10-year median of 0.75 and 6.7% below the Oil & Gas industry median of 1.04. TotalEnergies SE's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For TotalEnergies SE (XSWX:TTE), the current Cyclically Adjusted PS Ratio is 0.97 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TotalEnergies SE (XSWX:TTE) Overvalued in 2026?

Based on GuruFocus' analysis, TotalEnergies SE stock appears to be overvalued. The current stock price of CHF69.63 is trading 24.9% above its estimated GF Value™ of CHF55.76. GuruFocus considers TotalEnergies SE to be Modestly Overvalued.

Key valuation signals for XSWX:TTE:

  • Cyclically Adjusted PS Ratio: 0.97 (29% above median its 10-year median of 0.75)
  • GF Value™: CHF55.76 vs. price of CHF69.63 (24.9% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 6.7% below the Oil & Gas median (#351 of 716)

No single metric tells the full story. See the XSWX:TTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TotalEnergies SE Business Description

Industry EnergyOil & Gas
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 2025, it produced 1.5 million barrels of liquids and 5.4 billion cubic feet of natural gas per day. At the end of 2025, reserves stood at 11.2 billion barrels of oil equivalent, 55% of which are liquids. During 2025, it had LNG sales of 43.9 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 34 gigawatts.
83GF Score

Get the complete analysis for XSWX:TTE

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF69.63
Price
CHF55.76
GF Value