TotalEnergies SEXSWX:TTE 70 Gross Margin % is 38.30% as of Mar. 2026, which is 44% above its 10-year median of 26.58. GuruFocus rates XSWX:TTE with a GF Score™ of 70/100 and a GF Value™ of CHF54.40 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, TotalEnergies SE ranks better than 57.44% on this metric.
The historical rank and industry rank for TotalEnergies SE's Gross Margin % or its related term are showing as below:
XSWX:TTE'
s Gross Margin % Range Over the Past 10 Years
Min: 16.38 Med: 26.58 Max: 30.87
Current: 30.87
During the past 13 years, the highestGross Margin % of TotalEnergies SE was 30.87%. The lowest was 16.38%. And the median was 26.58%.
XSWX:TTE's Gross Margin % is ranked better than 57.44% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs XSWX:TTE: 30.87
TotalEnergies SE had a gross margin of 38.30% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for TotalEnergies SE was 8.00% per year.
TotalEnergies SE (XSWX:TTE) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
TotalEnergies SE had a gross margin of 38.30% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
TotalEnergies SE Gross Margin % Related Terms
TotalEnergies SE Gross Margin % Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's Gross Margin % 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.
For the Oil & Gas Integrated subindustry, TotalEnergies SE's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TotalEnergies SE's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TotalEnergies SE's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
TotalEnergies SE (XSWX:TTE) has a Gross Margin % of 38.30% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TotalEnergies SE and its competitors. This is 44% above median its historical median of 26.58. Over the past decade, TotalEnergies SE's Gross Margin % has ranged from 16.38 to 30.87. According to the industry distribution chart, TotalEnergies SE ranks #369 out of 867 companies in the Oil & Gas industry, placing it in the top 42.6%.
Is TotalEnergies SE's Gross Margin % too high?
TotalEnergies SE's current Gross Margin % of 38.30% is 44% above median its 10-year median of 26.58. Over the past 10 years, this metric has ranged from a low of 16.38 to a high of 30.87. The Oil & Gas industry median Gross Margin % is 25.70. TotalEnergies SE's value of 38.30% is 49% above this industry median. Based on the distribution chart, TotalEnergies SE ranks #369 out of 867 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TotalEnergies SE has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #369 out of 867 companies for Gross Margin %. This puts TotalEnergies SE in the upper half of its industry. The industry median Gross Margin % is 25.70. TotalEnergies SE's value of 38.30% is 49% above this benchmark. Historically, TotalEnergies SE's own Gross Margin % has ranged from 16.38 to 30.87 over the past decade. While the company's 10-year median is 26.58 vs. the industry median of 25.70, TotalEnergies SE has consistently been above 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 Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TotalEnergies SE's current Gross Margin % of 38.30% is 49% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on TotalEnergies SE and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TotalEnergies SE's current Gross Margin % is 38.30%, which is 44% above median its own 10-year median of 26.58. 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 CHF54.40, compared to a current price of CHF66.42 — trading 22.1% above its estimated fair value. The current Gross Margin % is 38.30%, which is 44% above median its 10-year median of 26.58 and 49% above the Oil & Gas industry median of 25.70. TotalEnergies SE's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For TotalEnergies SE (XSWX:TTE), the current Gross Margin % is 38.30% as of Mar. 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 CHF66.42 is trading 22.1% above its estimated GF Value™ of CHF54.40.
GuruFocus considers TotalEnergies SE to be Modestly Overvalued.
Key valuation signals for XSWX:TTE:
Gross Margin %: 38.30% (44% above median its 10-year median of 26.58)
GF Value™: CHF54.40 vs. price of CHF66.42 (22.1% above fair value)
Industry Position: 49% above the Oil & Gas median (#369 of 867)
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 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.
70GF Score
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