Home Compare EQNR.OL vs TTE.PA
Stock Comparison · Industry comparison · Oil & Gas Integrated

Equinor A vs TotalEnergies: Which Stock Looks Stronger in 2026?

TotalEnergies SE holds the cleaner structural position, with the lead spread across profitability and valuation. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Most of the visible separation comes from profitability. TotalEnergies SE leads by 12 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Oil & Gas Integrated

This comparison is based on industry proximity, not on functional trajectory similarity. EQNR.OL and TTE.PA share the same industry classification.

For a similarity-based comparison, see how Equinor ASA and TotalEnergies SE each position within their functional peer groups in AssetNext.

Peer-Relative Score
EQNR.OL
Equinor ASA
48
Peer-Score
Signal qualityMedium
vs
TTE.PA
TotalEnergies SE
60
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: EQNR.OL vs TTE.PA Profitability 38 62 Stability 65 56 Valuation 57 76 Growth 34 37 EQNR.OL TTE.PA
Gap Ranking
#1 Profitability +24
#2 Valuation +19
#3 Stability +9
#4 Growth +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for EQNR.OL and TTE.PA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer EQNR.OLTTE.PA Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for TotalEnergies SE.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
TotalEnergies SE sits in the stronger part of the group on profitability, while Equinor ASA is closer to mid-pack.
Valuation
Both look solid on valuation, though TotalEnergies SE still holds the stronger peer position.
Profitability — Dominant Gap
EQNR.OL
38
TTE.PA
62
Gap+24in favour of TTE.PA

Capital efficiency adds support, with a 8.2-point ROIC advantage.

What keeps the gap from being one-sided

Equinor ASA still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both profitability and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the EQNR.OL vs TTE.PA comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-valuation comparisons

Explore how EQNR.OL and TTE.PA each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.