Yes and no. If each breaker is 40A, I doubt the actual load on each circuit is 40A (probably 32A or less). But you do need to take all of the separate heater loads and sum them. I've never seen the nameplate on one of these to know if they give an overall total (e.g. 17 KW) or they just list each stage separately.
This will not be a continuous load though, so at least you don't need to take this huge number and multiply by 1.25... However, usually each branch breaker will be sized 125% (e.g. a 40A breaker will serve at most a 32A load).
Finally, if this is a dwelling and you're using the optional calculation, a demand factor will be applied just like all the other loads (40% which will cut this down a lot).