TotalEnergies SEWBO:FP -1.98%61 ROE % is 19.70% as of Mar. 2026, which is 88% above its 10-year median of 10.46. GuruFocus rates WBO:FP with a GF Score™ of 61/100 and a GF Value™ of €57.77 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 957 Oil & Gas companies, TotalEnergies SE ranks better than 71.37% on this metric.
The historical rank and industry rank for TotalEnergies SE's ROE % or its related term are showing as below:
WBO:FP'
s ROE % Range Over the Past 10 Years
Min: -6.25 Med: 10.46 Max: 18.96
Current: 12.66
During the past 13 years, TotalEnergies SE's highest ROE % was 18.96%. The lowest was -6.25%. And the median was 10.46%.
WBO:FP's ROE % is ranked better than 71.37% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs WBO:FP: 12.66
TotalEnergies SE (WBO:FP) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
TotalEnergies SE ROE % Related Terms
TotalEnergies SE ROE % Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TotalEnergies SE's ROE % distribution charts can be found below:
* The bar in red indicates where TotalEnergies SE's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
TotalEnergies SE (WBO:FP) has a ROE % of 19.70% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TotalEnergies SE and its competitors. This is 88% above median its historical median of 10.46. According to the industry distribution chart, TotalEnergies SE ranks #274 out of 957 companies in the Oil & Gas industry, placing it in the top 28.6%.
Is TotalEnergies SE's ROE % too high?
TotalEnergies SE's current ROE % of 19.70% is 88% above median its 10-year median of 10.46. The Oil & Gas industry median ROE % is 5.71. TotalEnergies SE's value of 19.70% is 245% above this industry median. Based on the distribution chart, TotalEnergies SE ranks #274 out of 957 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TotalEnergies SE has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's ROE % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #274 out of 957 companies for ROE %. This puts TotalEnergies SE in the upper half of its industry. The industry median ROE % is 5.71. TotalEnergies SE's value of 19.70% is 245% above this benchmark. While the company's 10-year median is 10.46 vs. the industry median of 5.71, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TotalEnergies SE's current ROE % of 19.70% is 245% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TotalEnergies SE and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TotalEnergies SE's current ROE % is 19.70%, which is 88% above median its own 10-year median of 10.46. 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 (WBO:FP) is currently considered Modestly Overvalued. The stock's GF Value™ is €57.77, compared to a current price of €69.39 — trading 20.1% above its estimated fair value. The current ROE % is 19.70%, which is 88% above median its 10-year median of 10.46 and 245% above the Oil & Gas industry median of 5.71. TotalEnergies SE's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For TotalEnergies SE (WBO:FP), the current ROE % is 19.70% 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 (WBO:FP) Overvalued in 2026?
Based on GuruFocus' analysis, TotalEnergies SE stock appears to be overvalued.
The current stock price of €69.39 is trading 20.1% above its estimated GF Value™ of €57.77.
GuruFocus considers TotalEnergies SE to be Modestly Overvalued.
Key valuation signals for WBO:FP:
ROE %: 19.70% (88% above median its 10-year median of 10.46)
GF Value™: €57.77 vs. price of €69.39 (20.1% above fair value)
Industry Position: 245% above the Oil & Gas median (#274 of 957)
No single metric tells the full story. See the WBO:FP 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.
61GF Score
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