TotalEnergies SE (TSX:TTES) Cyclically Adjusted Revenue per Share: C$31.11 (As of Jun. 2026)

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TSX:TTES TotalEnergies SE TSX:TTES
57 GF Score
Price C$32.05
GF Value C$24.46
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is TotalEnergies SE Cyclically Adjusted Revenue per Share?

TotalEnergies SE TSX:TTES +0.44% 57 Cyclically Adjusted Revenue per Share is C$31.11 as of Jun. 2026. GuruFocus rates TSX:TTES with a GF Score™ of 57/100 and a GF Value™ of C$24.46 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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 Revenue per Share and 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 for the three months ended in Jun. 2026 was C$35.954. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$31.11 for the trailing ten years ended in Jun. 2026.

During the past 12 months, TotalEnergies SE's average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.30% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of TotalEnergies SE was 8.70% per year. The lowest was -1.80% per year. And the median was 3.15% per year.

As of today (2026-07-26), TotalEnergies SE's current stock price is C$32.05. TotalEnergies SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$31.11. TotalEnergies SE's Cyclically Adjusted PS Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TotalEnergies SE was 1.12. The lowest was 0.37. And the median was 0.74.


TotalEnergies SE  (TSX:TTES) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=32.05/31.11
=1.03

* 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 PS Ratio of TotalEnergies SE was 1.12. The lowest was 0.37. And the median was 0.74.


Be Aware

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


TotalEnergies SE Cyclically Adjusted Revenue per Share Related Terms


TotalEnergies SE Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

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

TotalEnergies SE Cyclically Adjusted Revenue per Share Chart

TotalEnergies SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 29.94

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 Revenue 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 0.00 0.00 29.94 29.54 31.11

TSX:TTES vs XOM, CVX: Cyclically Adjusted Revenue per Share 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.


TSX:TTES
57GF Score
TotalEnergies SE TSX:TTES
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TotalEnergies SE Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

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)
=35.954/123.8300*123.8300
=35.954

Current CPI (Jun. 2026) = 123.8300.

TotalEnergies SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.866 100.340 20.814
201612 20.205 100.650 24.858
201703 19.334 101.170 23.664
201706 17.779 101.320 21.729
201709 17.718 101.330 21.652
201712 19.177 101.850 23.316
201803 21.803 102.750 26.276
201806 22.441 103.370 26.883
201809 23.595 103.560 28.213
201812 23.597 103.470 28.240
201903 22.691 103.890 27.046
201906 22.014 104.580 26.066
201909 21.122 104.500 25.029
201912 21.535 104.980 25.402
202003 20.705 104.590 24.514
202006 11.247 104.790 13.291
202009 13.655 104.550 16.173
202012 14.416 104.960 17.008
202103 18.006 105.750 21.084
202106 18.450 106.340 21.485
202109 23.023 106.810 26.692
202112 26.557 107.850 30.492
202203 30.622 110.490 34.319
202206 34.545 112.550 38.007
202209 33.740 112.740 37.059
202212 33.804 114.160 36.667
202303 31.975 116.790 33.902
202306 27.635 117.650 29.087
202309 30.218 118.260 31.641
202312 30.620 118.390 32.027
202403 28.329 119.470 29.363
202406 28.657 120.200 29.522
202409 27.166 119.560 28.136
202412 29.476 119.950 30.429
202503 30.177 120.380 31.042
202506 26.816 121.360 27.362
202509 27.173 120.950 27.820
202512 29.029 120.900 29.733
202603 31.337 122.420 31.698
202606 35.954 123.830 35.954

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

What does a Cyclically Adjusted Revenue per Share of C$31.11 mean?
TotalEnergies SE (TSX:TTES) has a Cyclically Adjusted Revenue per Share of C$31.11 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TotalEnergies SE and its competitors.
Is TotalEnergies SE's Cyclically Adjusted Revenue per Share too high?
TotalEnergies SE's current Cyclically Adjusted Revenue per Share is C$31.11. Overall, TotalEnergies SE has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's Cyclically Adjusted Revenue per Share compare to XOM and CVX?
TotalEnergies SE's Cyclically Adjusted Revenue per Share of C$31.11 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TotalEnergies SE and its competitors. TotalEnergies SE's current Cyclically Adjusted Revenue per Share is C$31.11. 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 (TSX:TTES) is currently considered Significantly Overvalued. The stock's GF Value™ is C$24.46, compared to a current price of C$32.05 — trading 31% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$31.11. TotalEnergies SE's overall GF Score™ is 57/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For TotalEnergies SE (TSX:TTES), the current Cyclically Adjusted Revenue per Share is C$31.11 as of Jun. 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 (TSX:TTES) Overvalued in 2026?

Based on GuruFocus' analysis, TotalEnergies SE stock appears to be overvalued. The current stock price of C$32.05 is trading 31% above its estimated GF Value™ of C$24.46. GuruFocus considers TotalEnergies SE to be Significantly Overvalued.

Key valuation signals for TSX:TTES:

  • Cyclically Adjusted Revenue per Share: C$31.11
  • GF Value™: C$24.46 vs. price of C$32.05 (31% above fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TSX:TTES 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.
57GF Score

Get the complete analysis for TSX:TTES

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

C$32.05
Price
C$24.46
GF Value