Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. TotalEnergies SE's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN419,080 Mil. TotalEnergies SE's average total tangible assets for the quarter that ended in Mar. 2026 was MXN4,978,595 Mil. Therefore, TotalEnergies SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.42%.
The historical rank and industry rank for TotalEnergies SE's Return-on-Tangible-Asset or its related term are showing as below:
MEX:TOT N'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.67 Med: 4.67 Max: 7.47
Current: 5.64
During the past 13 years, TotalEnergies SE's highest Return-on-Tangible-Asset was 7.47%. The lowest was -2.67%. And the median was 4.67%.
MEX:TOT N's Return-on-Tangible-Asset is ranked better than 70.9% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs MEX:TOT N: 5.64
TotalEnergies SE (MEX:TOT N) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
TotalEnergies SE Return-on-Tangible-Asset Related Terms
TotalEnergies SE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's Return-on-Tangible-Asset 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.
MEX:TOT N vs XOM, CVX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, TotalEnergies SE's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TotalEnergies SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TotalEnergies SE's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.42% mean?
TotalEnergies SE (MEX:TOT N) has a Return-on-Tangible-Asset of 8.42% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TotalEnergies SE and its competitors. This is 80% above median its historical median of 4.67. According to the industry distribution chart, TotalEnergies SE ranks #298 out of 1024 companies in the Oil & Gas industry, placing it in the top 29.1%.
Is TotalEnergies SE's Return-on-Tangible-Asset too high?
TotalEnergies SE's current Return-on-Tangible-Asset of 8.42% is 80% above median its 10-year median of 4.67. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. TotalEnergies SE's value of 8.42% is 304.8% above this industry median. Based on the distribution chart, TotalEnergies SE ranks #298 out of 1024 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TotalEnergies SE has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's Return-on-Tangible-Asset compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #298 out of 1024 companies for Return-on-Tangible-Asset. This puts TotalEnergies SE in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.08. TotalEnergies SE's value of 8.42% is 304.8% above this benchmark. While the company's 10-year median is 4.67 vs. the industry median of 2.08, 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 Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TotalEnergies SE's current Return-on-Tangible-Asset of 8.42% is 304.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TotalEnergies SE and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TotalEnergies SE's current Return-on-Tangible-Asset is 8.42%, which is 80% above median its own 10-year median of 4.67. 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?
TotalEnergies SE (MEX:TOT N) has a current Return-on-Tangible-Asset of 8.42%. The stock's GF Value™ is MXN1,033.13, compared to a current price of MXN1,195.56 — trading 15.7% above its estimated fair value. The current Return-on-Tangible-Asset is 8.42%, which is 80% above median its 10-year median of 4.67 and 304.8% above the Oil & Gas industry median of 2.08. TotalEnergies SE's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For TotalEnergies SE (MEX:TOT N), the current Return-on-Tangible-Asset is 8.42% 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 (MEX:TOT N) Overvalued in 2026?
Based on GuruFocus' analysis, TotalEnergies SE stock appears to be overvalued.
The current stock price of MXN1,195.56 is trading 15.7% above its estimated GF Value™ of MXN1,033.13.
Key valuation signals for MEX:TOT N:
Return-on-Tangible-Asset: 8.42% (80% above median its 10-year median of 4.67)
GF Value™: MXN1,033.13 vs. price of MXN1,195.56 (15.7% above fair value)
Industry Position: 304.8% above the Oil & Gas median (#298 of 1024)
No single metric tells the full story. See the MEX:TOT N 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.
64GF Score
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