TotalEnergies SE (MEX:TOT N) Tax Rate %: 38.97% (As of Mar. 2026)

What is TotalEnergies SE Tax Rate %?

TotalEnergies SE MEX:TOT N -0.68% 64 Tax Rate % is 38.97% as of Mar. 2026. GuruFocus rates MEX:TOT N with a GF Score™ of 64/100 and a GF Value™ of MXN1,033.13. The stock has 2 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. TotalEnergies SE's Tax Expense for the three months ended in Mar. 2026 was MXN68,308 Mil. TotalEnergies SE's Pre-Tax Income for the three months ended in Mar. 2026 was MXN175,278 Mil. Therefore, TotalEnergies SE's Tax Rate % for the quarter that ended in Mar. 2026 was 38.97%.

TotalEnergies SE Tax Rate % Related Terms

TotalEnergies SE Tax Rate % Historical Data

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The historical data trend for TotalEnergies SE's Tax Rate % 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.

TotalEnergies SE Tax Rate % Chart

TotalEnergies SE Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Tax Rate %

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36.94

51.38

38.21

40.20

40.50

TotalEnergies SE Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Tax Rate %	Get a 7-Day Free Trial															41.07	43.40	39.18	38.46	38.97

64GF Score

TotalEnergies SE MEX:TOT N

Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.

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TotalEnergies SE Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

TotalEnergies SE's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2025 )	/	Pre-Tax Income (A: Dec. 2025 )
	=	163707.824	/	404209.96
	=	40.50 %

TotalEnergies SE's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2026 )	/	Pre-Tax Income (Q: Mar. 2026 )
	=	68307.868	/	175277.844
	=	38.97 %

Frequently Asked Questions Learn more about Tax Rate % →

What does a Tax Rate % of 38.97% mean?

TotalEnergies SE (MEX:TOT N) has a Tax Rate % of 38.97% as of Mar. 2026.

Is TotalEnergies SE's Tax Rate % too high?

TotalEnergies SE's current Tax Rate % is 38.97%. 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 Tax Rate % compare to XOM and CVX?

TotalEnergies SE's Tax Rate % of 38.97% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Tax Rate % for an Oil & Gas company?

A good Tax Rate % depends on the Oil & Gas industry context. However, Tax Rate % 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 Tax Rate % mean?

A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. TotalEnergies SE's current Tax Rate % is 38.97%. 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 Tax Rate % of 38.97%. 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 Tax Rate % is 38.97%. 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 Tax Rate % calculated?

Tax Rate % is calculated from a company's financial statements. For TotalEnergies SE (MEX:TOT N), the current Tax Rate % is 38.97% 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:

Tax Rate %: 38.97%
GF Value™: MXN1,033.13 vs. price of MXN1,195.56 (15.7% above fair value)
GF Score™: 64/100 with 2 warning signs

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 SE Business Description

Industry Energy Oil & Gas

Comparable Companies XPAR:GTT XPAR:TE XPAR:RUI XPAR:MAU XPAR:EC XPAR:VIRI XPAR:NAE XPAR:FDE XPAR:DPAM XPAR:ALESA SAU:2222 XOM CVX SHSE:601857 LSE:SHEL BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 ADX:ADNOCGAS

Other Exchanges TTE:USA TTENN:Mexico TTEl:UK TTE:UK TTE:France TOTB:Germany TTE:Switzerland TTES:Canada TTE:Canada TOTB:Bulgaria FP:Austria TTE:Argentina

Address 2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website https://www.totalenergies.com

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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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,195.56

Price

MXN1,033.13

GF Value

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