TotalEnergies SEXSWX:TTE 70 Pretax Margin % is 19.63% as of Mar. 2026, which is 77% above its 10-year median of 11.07. 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 916 Oil & Gas companies, TotalEnergies SE ranks better than 70.09% on this metric.
The historical rank and industry rank for TotalEnergies SE's Pretax Margin % or its related term are showing as below:
XSWX:TTE'
s Pretax Margin % Range Over the Past 10 Years
Min: -5.86 Med: 11.07 Max: 16.44
Current: 13.88
XSWX:TTE's Pretax Margin % is ranked better than 70.09% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs XSWX:TTE: 13.88
TotalEnergies SE (XSWX:TTE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
TotalEnergies SE Pretax Margin % Related Terms
TotalEnergies SE Pretax Margin % Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TotalEnergies SE's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where TotalEnergies SE's Pretax 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.
TotalEnergies SE (XSWX:TTE) has a Pretax Margin % of 19.63% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TotalEnergies SE and its competitors. This is 77% above median its historical median of 11.07. According to the industry distribution chart, TotalEnergies SE ranks #274 out of 916 companies in the Oil & Gas industry, placing it in the top 29.9%.
Is TotalEnergies SE's Pretax Margin % too high?
TotalEnergies SE's current Pretax Margin % of 19.63% is 77% above median its 10-year median of 11.07. The Oil & Gas industry median Pretax Margin % is 5.17. TotalEnergies SE's value of 19.63% is 280.1% above this industry median. Based on the distribution chart, TotalEnergies SE ranks #274 out of 916 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 Pretax Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #274 out of 916 companies for Pretax Margin %. This puts TotalEnergies SE in the upper half of its industry. The industry median Pretax Margin % is 5.17. TotalEnergies SE's value of 19.63% is 280.1% above this benchmark. While the company's 10-year median is 11.07 vs. the industry median of 5.17, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TotalEnergies SE's current Pretax Margin % of 19.63% is 280.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TotalEnergies SE and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TotalEnergies SE's current Pretax Margin % is 19.63%, which is 77% above median its own 10-year median of 11.07. 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 Pretax Margin % is 19.63%, which is 77% above median its 10-year median of 11.07 and 280.1% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For TotalEnergies SE (XSWX:TTE), the current Pretax Margin % is 19.63% 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:
Pretax Margin %: 19.63% (77% above median its 10-year median of 11.07)
GF Value™: CHF54.40 vs. price of CHF66.42 (22.1% above fair value)
Industry Position: 280.1% above the Oil & Gas median (#274 of 916)
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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