TotalEnergies SE (TTE) - Net Assets
Based on the latest financial reports, TotalEnergies SE (TTE) has net assets worth €125.11 Billion EUR (≈ $146.26 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€314.23 Billion ≈ $367.37 Billion USD) and total liabilities (€189.13 Billion ≈ $221.11 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of TotalEnergies SE to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €125.11 Billion |
| % of Total Assets | 39.81% |
| Annual Growth Rate | 8.19% |
| 5-Year Change | 2.21% |
| 10-Year Change | 15.72% |
| Growth Volatility | 23.52 |
TotalEnergies SE - Net Assets Trend (1992–2025)
This chart illustrates how TotalEnergies SE's net assets have evolved over time, based on quarterly financial data. See TTE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TotalEnergies SE (1992–2025)
The table below shows the annual net assets of TotalEnergies SE from 1992 to 2025. For live valuation and market cap data, see TTE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €117.54 Billion ≈ $137.41 Billion |
-2.26% |
| 2024-12-31 | €120.25 Billion ≈ $140.59 Billion |
+0.67% |
| 2023-12-31 | €119.45 Billion ≈ $139.65 Billion |
+4.26% |
| 2022-12-31 | €114.57 Billion ≈ $133.94 Billion |
-0.37% |
| 2021-12-31 | €115.00 Billion ≈ $134.45 Billion |
+8.40% |
| 2020-12-31 | €106.08 Billion ≈ $124.02 Billion |
-11.08% |
| 2019-12-31 | €119.31 Billion ≈ $139.48 Billion |
+1.01% |
| 2018-12-31 | €118.11 Billion ≈ $138.09 Billion |
+3.58% |
| 2017-12-31 | €114.04 Billion ≈ $133.32 Billion |
+12.27% |
| 2016-12-31 | €101.57 Billion ≈ $118.75 Billion |
+6.46% |
| 2015-12-31 | €95.41 Billion ≈ $111.54 Billion |
+2.01% |
| 2014-12-31 | €93.53 Billion ≈ $109.35 Billion |
-9.58% |
| 2013-12-31 | €103.44 Billion ≈ $120.93 Billion |
+5.42% |
| 2012-12-31 | €98.12 Billion ≈ $114.71 Billion |
+9.10% |
| 2011-12-31 | €89.93 Billion ≈ $105.14 Billion |
+10.37% |
| 2010-12-31 | €81.49 Billion ≈ $95.27 Billion |
+6.23% |
| 2009-12-31 | €76.71 Billion ≈ $89.68 Billion |
+10.31% |
| 2008-12-31 | €69.54 Billion ≈ $81.29 Billion |
+4.19% |
| 2007-12-31 | €66.74 Billion ≈ $78.02 Billion |
+22.89% |
| 2006-12-31 | €54.31 Billion ≈ $63.49 Billion |
+10.62% |
| 2005-12-31 | €49.09 Billion ≈ $57.40 Billion |
+13.65% |
| 2004-12-31 | €43.20 Billion ≈ $50.50 Billion |
+10.59% |
| 2003-12-31 | €39.06 Billion ≈ $45.67 Billion |
+13.14% |
| 2002-12-31 | €34.52 Billion ≈ $40.36 Billion |
+11.20% |
| 2001-12-31 | €31.05 Billion ≈ $36.30 Billion |
-0.58% |
| 2000-12-31 | €31.23 Billion ≈ $36.51 Billion |
+4.01% |
| 1999-12-31 | €30.02 Billion ≈ $35.10 Billion |
+137.25% |
| 1998-12-31 | €12.65 Billion ≈ $14.79 Billion |
+9.31% |
| 1997-12-31 | €11.58 Billion ≈ $13.53 Billion |
-4.42% |
| 1996-12-31 | €12.11 Billion ≈ $14.16 Billion |
+5.70% |
| 1995-12-31 | €11.46 Billion ≈ $13.40 Billion |
+9.73% |
| 1994-12-31 | €10.44 Billion ≈ $12.21 Billion |
+11.49% |
| 1993-12-31 | €9.37 Billion ≈ $10.95 Billion |
+6.94% |
| 1992-12-31 | €8.76 Billion ≈ $10.24 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to TotalEnergies SE's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2273.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €125.88 Billion | 109.55% |
| Common Stock | €7.06 Billion | 6.14% |
| Other Comprehensive Income | €-14.03 Billion | -12.22% |
| Total Equity | €114.90 Billion | 100.00% |
TotalEnergies SE Competitors by Market Cap
The table below lists competitors of TotalEnergies SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAP SE
F:SAPA
|
$173.28 Billion |
|
Palo Alto Networks Inc
NASDAQ:PANW
|
$173.28 Billion |
|
Nextera Energy Inc
NYSE:NEE
|
$176.15 Billion |
|
COMMONW.BK AUSTR.SP.ADRS
F:CWW0
|
$177.25 Billion |
|
Corning Incorporated
NYSE:GLW
|
$172.78 Billion |
|
Walt Disney Company
NYSE:DIS
|
$172.59 Billion |
|
Arista Networks
NYSE:ANET
|
$171.79 Billion |
|
The TJX Companies Inc
NYSE:TJX
|
$169.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TotalEnergies SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 117,858,000,000 to 114,896,695,000, a change of -2,961,305,000 (-2.5%).
- Net income of 13,127,000,000 contributed positively to equity growth.
- Dividend payments of 8,452,093,000 reduced retained earnings.
- Share repurchases of 8,028,499,000 reduced equity.
- New share issuances of 492,000,000 increased equity.
- Other comprehensive income increased equity by 1,224,327,000.
- Other factors decreased equity by 1,324,040,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €13.13 Billion | +11.43% |
| Dividends Paid | €8.45 Billion | -7.36% |
| Share Repurchases | €8.03 Billion | -6.99% |
| Share Issuances | €492.00 Million | +0.43% |
| Other Comprehensive Income | €1.22 Billion | +1.07% |
| Other Changes | €-1.32 Billion | -1.15% |
| Total Change | €- | -2.51% |
Book Value vs Market Value Analysis
This analysis compares TotalEnergies SE's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.85x to 1.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | €9.88 | €77.58 | x |
| 1993-12-31 | €10.16 | €77.58 | x |
| 1994-12-31 | €10.79 | €77.58 | x |
| 1995-12-31 | €11.73 | €77.58 | x |
| 1996-12-31 | €12.18 | €77.58 | x |
| 1997-12-31 | €11.55 | €77.58 | x |
| 1998-12-31 | €12.63 | €77.58 | x |
| 1999-12-31 | €29.19 | €77.58 | x |
| 2000-12-31 | €10.84 | €77.58 | x |
| 2001-12-31 | €11.02 | €77.58 | x |
| 2002-12-31 | €12.84 | €77.58 | x |
| 2003-12-31 | €15.30 | €77.58 | x |
| 2004-12-31 | €17.52 | €77.58 | x |
| 2005-12-31 | €20.38 | €77.58 | x |
| 2006-12-31 | €23.01 | €77.58 | x |
| 2007-12-31 | €28.80 | €77.58 | x |
| 2008-12-31 | €30.36 | €77.58 | x |
| 2009-12-31 | €33.65 | €77.58 | x |
| 2010-12-31 | €35.80 | €77.58 | x |
| 2011-12-31 | €39.07 | €77.58 | x |
| 2012-12-31 | €42.53 | €77.58 | x |
| 2013-12-31 | €44.15 | €77.58 | x |
| 2014-12-31 | €39.60 | €77.58 | x |
| 2015-12-31 | €39.46 | €77.58 | x |
| 2016-12-31 | €40.13 | €77.58 | x |
| 2017-12-31 | €43.43 | €77.58 | x |
| 2018-12-31 | €43.14 | €77.58 | x |
| 2019-12-31 | €43.53 | €77.58 | x |
| 2020-12-31 | €39.57 | €77.58 | x |
| 2021-12-31 | €42.20 | €77.58 | x |
| 2022-12-31 | €43.44 | €77.58 | x |
| 2023-12-31 | €47.97 | €77.58 | x |
| 2024-12-31 | €50.41 | €77.58 | x |
| 2025-12-31 | €51.90 | €77.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TotalEnergies SE utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.20%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.53x
- Recent ROE (11.43%) is below the historical average (14.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 6.17% | 2.08% | 1.18x | 2.51x | €-319.34 Million |
| 1993 | 5.61% | 2.19% | 1.01x | 2.53x | €-394.76 Million |
| 1994 | 6.35% | 2.48% | 1.01x | 2.53x | €-364.93 Million |
| 1995 | 4.18% | 1.66% | 0.98x | 2.58x | €-638.85 Million |
| 1996 | 9.32% | 3.20% | 1.12x | 2.61x | €-79.24 Million |
| 1997 | 11.17% | 3.98% | 1.26x | 2.23x | €132.45 Million |
| 1998 | 8.39% | 3.64% | 1.05x | 2.19x | €-198.78 Million |
| 1999 | 5.38% | 3.60% | 0.52x | 2.87x | €-1.32 Billion |
| 2000 | 21.31% | 6.03% | 1.31x | 2.71x | €3.45 Billion |
| 2001 | 22.57% | 7.27% | 1.19x | 2.61x | €3.80 Billion |
| 2002 | 18.48% | 5.79% | 1.20x | 2.65x | €2.86 Billion |
| 2003 | 23.10% | 6.71% | 1.31x | 2.63x | €5.01 Billion |
| 2004 | 34.76% | 11.40% | 1.13x | 2.69x | €10.49 Billion |
| 2005 | 30.22% | 10.48% | 1.10x | 2.61x | €9.73 Billion |
| 2006 | 29.19% | 8.87% | 1.26x | 2.61x | €10.21 Billion |
| 2007 | 29.34% | 9.63% | 1.20x | 2.53x | €12.67 Billion |
| 2008 | 21.62% | 6.61% | 1.36x | 2.41x | €7.92 Billion |
| 2009 | 16.07% | 7.53% | 0.88x | 2.43x | €4.57 Billion |
| 2010 | 17.50% | 7.53% | 0.98x | 2.38x | €6.02 Billion |
| 2011 | 18.09% | 7.39% | 1.02x | 2.41x | €7.14 Billion |
| 2012 | 14.15% | 5.83% | 1.03x | 2.36x | €4.01 Billion |
| 2013 | 11.20% | 4.93% | 0.95x | 2.39x | €1.20 Billion |
| 2014 | 4.70% | 2.00% | 0.92x | 2.54x | €-4.79 Billion |
| 2015 | 5.50% | 3.55% | 0.64x | 2.43x | €-4.16 Billion |
| 2016 | 6.28% | 4.84% | 0.55x | 2.34x | €-3.67 Billion |
| 2017 | 7.74% | 5.79% | 0.61x | 2.17x | €-2.52 Billion |
| 2018 | 9.90% | 6.22% | 0.72x | 2.22x | €-118.00 Million |
| 2019 | 9.65% | 6.39% | 0.64x | 2.34x | €-410.80 Million |
| 2020 | -6.98% | -6.05% | 0.45x | 2.57x | €-17.61 Billion |
| 2021 | 14.65% | 8.86% | 0.63x | 2.63x | €5.19 Billion |
| 2022 | 18.84% | 7.99% | 0.87x | 2.72x | €9.87 Billion |
| 2023 | 18.42% | 9.82% | 0.77x | 2.43x | €9.83 Billion |
| 2024 | 13.37% | 8.06% | 0.69x | 2.42x | €3.97 Billion |
| 2025 | 11.43% | 7.20% | 0.63x | 2.53x | €1.64 Billion |
Industry Comparison
This section compares TotalEnergies SE's net assets metrics with peer companies in the Oil & Gas Integrated industry.
No peer company data available for comparison.
About TotalEnergies SE
TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in C… Read more