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TotalEnergies SE (LSE:TTE) E10 : €4.20 (As of Dec. 2024)


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What is TotalEnergies SE E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

TotalEnergies SE's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.624. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.20 for the trailing ten years ended in Dec. 2024.

During the past 12 months, TotalEnergies SE's average E10 Growth Rate was 14.10% per year. During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 years, the average E10 Growth Rate was 4.60% per year. During the past 10 years, the average E10 Growth Rate was -2.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of TotalEnergies SE was 20.80% per year. The lowest was -8.40% per year. And the median was 6.30% per year.

As of today (2025-03-20), TotalEnergies SE's current stock price is €58.65. TotalEnergies SE's E10 for the quarter that ended in Dec. 2024 was €4.20. TotalEnergies SE's Shiller PE Ratio of today is 13.96.

During the past 13 years, the highest Shiller PE Ratio of TotalEnergies SE was 19.12. The lowest was 6.85. And the median was 13.45.


TotalEnergies SE E10 Historical Data

The historical data trend for TotalEnergies SE's E10 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 E10 Chart

TotalEnergies SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 2.83 3.23 3.72 4.20

TotalEnergies SE Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 3.72 3.82 3.86 3.79 4.20

Competitive Comparison of TotalEnergies SE's E10

For the Oil & Gas Integrated subindustry, TotalEnergies SE's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies SE's Shiller PE Ratio falls into.



TotalEnergies SE E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.624/119.9500*119.9500
=1.624

Current CPI (Dec. 2024) = 119.9500.

TotalEnergies SE Quarterly Data

per share eps CPI Adj_EPS
201503 1.072 100.170 1.284
201506 1.149 100.440 1.372
201509 0.401 99.950 0.481
201512 -0.661 100.040 -0.793
201603 0.602 100.020 0.722
201606 0.765 100.630 0.912
201609 0.704 100.340 0.842
201612 0.190 100.650 0.226
201703 1.057 101.170 1.253
201706 0.703 101.320 0.832
201709 0.889 101.330 1.052
201712 0.313 101.850 0.369
201803 0.803 102.750 0.937
201806 1.181 103.370 1.370
201809 1.260 103.560 1.459
201812 0.352 103.470 0.408
201903 1.027 103.890 1.186
201906 0.885 104.580 1.015
201909 0.944 104.500 1.084
201912 0.873 104.980 0.997
202003 0.009 104.590 0.010
202006 -2.904 104.790 -3.324
202009 0.034 104.550 0.039
202012 0.255 104.960 0.291
202103 1.033 105.750 1.172
202106 0.664 106.340 0.749
202109 1.454 106.810 1.633
202112 1.920 107.850 2.135
202203 1.680 110.490 1.824
202206 2.043 112.550 2.177
202209 2.586 112.740 2.751
202212 1.189 114.160 1.249
202303 2.064 116.790 2.120
202306 1.514 117.650 1.544
202309 2.558 118.260 2.595
202312 1.917 118.390 1.942
202403 2.208 119.470 2.217
202406 1.486 120.200 1.483
202409 0.865 119.560 0.868
202412 1.624 119.950 1.624

Add all the adjusted EPS together and divide 10 will get our e10.


TotalEnergies SE  (LSE:TTE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

TotalEnergies SE's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=58.65/4.20
=13.96

* 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 Shiller P/E Ratio of TotalEnergies SE was 19.12. The lowest was 6.85. And the median was 13.45.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


TotalEnergies SE E10 Related Terms

Thank you for viewing the detailed overview of TotalEnergies SE's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


TotalEnergies SE Business Description

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 2023, it produced 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. At end-2023, reserves stood at 10.6 billion barrels of oil equivalent, 56% of which are liquids. During 2023, it had LNG sales of 44.3 metric tons. The company owns interests in refineries with capacity of nearly 2.0 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 22.4 gigawatts.