TotalEnergies SEWBO:FP -0.19%60 3-Year ROIIC % is 122.20 as of Dec. 2025, which is 436% above its 10-year median of 22.78. GuruFocus rates WBO:FP with a GF Score™ of 60/100 and a GF Value™ of €58.49 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 925 Oil & Gas companies, TotalEnergies SE ranks better than 92% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
TotalEnergies SE's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 122.20%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TotalEnergies SE's 3-Year ROIIC % or its related term are showing as below:
WBO:FP's 3-Year ROIIC % is ranked better than 92% of 925
companies
in the Oil & Gas industry
Industry Median: -0.08
vs WBO:FP: 122.20
TotalEnergies SE (WBO:FP) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
TotalEnergies SE 3-Year ROIIC % Related Terms
TotalEnergies SE 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TotalEnergies SE's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TotalEnergies SE's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
TotalEnergies SE (WBO:FP) has a 3-Year ROIIC % of 122.20 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TotalEnergies SE and its competitors. This is 436% above median its historical median of 22.78. According to the industry distribution chart, TotalEnergies SE ranks #74 out of 925 companies in the Oil & Gas industry, placing it in the top 8%.
Is TotalEnergies SE's 3-Year ROIIC % too high?
TotalEnergies SE's current 3-Year ROIIC % of 122.20 is 436% above median its 10-year median of 22.78. Based on the distribution chart, TotalEnergies SE ranks #74 out of 925 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, TotalEnergies SE has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's 3-Year ROIIC % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, TotalEnergies SE ranks #74 out of 925 companies for 3-Year ROIIC %. This places TotalEnergies SE in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TotalEnergies SE and its competitors. TotalEnergies SE's current 3-Year ROIIC % is 122.20, which is 436% above median its own 10-year median of 22.78. 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 €58.49, compared to a current price of €66.85 — trading 14.3% above its estimated fair value. The current 3-Year ROIIC % is 122.20, which is 436% above median its 10-year median of 22.78. TotalEnergies SE's overall GF Score™ is 60/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For TotalEnergies SE (WBO:FP), the current 3-Year ROIIC % is 122.20 as of Dec. 2025. 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 €66.85 is trading 14.3% above its estimated GF Value™ of €58.49.
GuruFocus considers TotalEnergies SE to be Modestly Overvalued.
Key valuation signals for WBO:FP:
3-Year ROIIC %: 122.20 (436% above median its 10-year median of 22.78)
GF Value™: €58.49 vs. price of €66.85 (14.3% above fair value)
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.
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