Last 47 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.63 | 5.05 | 11.63 | 12.94 | 9.93 | 14.67 | 12.21 | 52.21 | 12.12 | 16.40 | 7.42 | 117.50 | 7.66 | 16.41 | 5.75 | 4.88 | 6.76 | 2.72 | 7.38 | 3.67 | — |
| — | -65.6% | -4.8% | -75.2% | -18.1% | -10.6% | +64.7% | -55.6% | +58.2% | -0.0% | +28.9% | +2309.8% | +13.4% | +502.5% | -22.1% | +33.0% | — | -76.3% | +8.5% | — | — | |
| P/S Ratio | 1.11 | 0.58 | 0.95 | 0.83 | 0.77 | 0.81 | 0.84 | 0.73 | 0.74 | 0.78 | 0.75 | 0.69 | 0.71 | 0.69 | 0.58 | 0.50 | 0.48 | 0.49 | 0.62 | 0.49 | 0.72 |
| — | -28.6% | +13.0% | +13.2% | +4.6% | +3.9% | +12.0% | +6.0% | +4.4% | +12.1% | +30.2% | +38.3% | +48.9% | +41.2% | -7.6% | +1.7% | -33.9% | -24.9% | -9.4% | -36.6% | +29.0% | |
| P/B Ratio | 1.79 | 1.20 | 1.52 | 1.22 | 1.19 | 1.15 | 1.29 | 1.08 | 1.11 | 1.24 | 1.16 | 1.16 | 1.12 | 1.08 | 1.03 | 1.05 | 0.96 | 1.01 | 1.17 | 0.96 | 1.04 |
| — | +4.1% | +17.7% | +12.5% | +6.8% | -6.7% | +11.5% | -6.7% | -1.1% | +14.9% | +12.7% | +9.9% | +17.1% | +6.5% | -12.3% | +9.9% | -7.6% | +9.5% | +27.4% | +11.1% | +69.2% | |
| P/FCF | 12.33 | 3.14 | 28.77 | 12.72 | 6.90 | 8.15 | 10.54 | 7.29 | 5.27 | 6.39 | 5.83 | 9.71 | 7.66 | 4.92 | 6.28 | 3.17 | 6.28 | 4.10 | 4.97 | 21.72 | 3.81 |
| — | -61.5% | +173.0% | +74.5% | +30.9% | +27.5% | +80.7% | -25.0% | -31.2% | +29.9% | -7.2% | +206.0% | +22.0% | +19.9% | +26.3% | -85.4% | +65.0% | -13.1% | -42.9% | -31.3% | +4.0% | |
| EV / EBITDA | 7.42 | 3.14 | 4.93 | 8.07 | 4.65 | 5.54 | 4.60 | 7.06 | 4.72 | 4.91 | 4.01 | 3.14 | 3.84 | 4.74 | 3.09 | 3.17 | 3.74 | 2.57 | 3.43 | 2.94 | 8.80 |
| — | -43.4% | +7.3% | +14.3% | -1.4% | +12.8% | +14.6% | +125.0% | +22.9% | +3.7% | +29.7% | -1.0% | +2.6% | +84.4% | -9.9% | +7.8% | -57.5% | -45.0% | -29.4% | +47.9% | +72.8% | |
| EV / EBIT | 13.39 | 3.86 | 7.35 | 8.81 | 6.85 | 9.02 | 6.80 | 10.60 | 7.26 | 7.78 | 5.28 | 23.69 | 5.15 | 9.38 | 3.93 | 3.55 | 4.70 | 2.25 | 5.14 | 3.19 | 28.09 |
| — | -57.2% | +8.2% | -16.9% | -5.7% | +15.9% | +28.7% | -55.3% | +40.9% | -17.1% | +34.5% | +567.5% | +9.7% | +317.7% | -23.6% | +11.1% | -83.3% | -79.9% | -16.5% | — | -6.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.9% | 19.5% | 19.3% | 11.4% | 17.0% | 14.9% | 18.4% | 10.3% | 15.7% | 16.0% | 19.5% | 14.2% | 19.8% | 15.2% | 20.4% | 21.9% | 14.1% | 21.4% | 20.3% | 18.5% | 6.8% |
| — | +31.2% | +5.0% | +10.2% | +8.3% | -6.9% | -6.0% | -27.5% | -20.7% | +5.1% | -4.4% | -34.9% | +40.4% | -29.0% | +0.3% | +18.4% | +106.1% | +33.0% | +31.8% | -7.5% | -15.5% | |
| Operating Margin | 10.3% | 16.0% | 14.9% | 4.9% | 11.3% | 9.2% | 13.7% | 3.6% | 10.4% | 10.8% | 14.1% | 8.4% | 14.3% | 9.8% | 16.2% | 17.4% | 10.0% | 17.9% | 16.0% | 14.4% | 0.9% |
| — | +74.4% | +8.7% | +35.4% | +8.9% | -14.9% | -2.9% | -56.8% | -27.4% | +10.6% | -12.8% | -51.5% | +42.9% | -45.3% | +1.2% | +20.5% | +1014.8% | +77.1% | +56.4% | +14.9% | -46.3% | |
| Net Margin | 6.7% | 11.4% | 8.2% | 6.5% | 7.8% | 5.5% | 6.9% | 1.4% | 6.0% | 4.7% | 10.2% | 0.6% | 9.2% | 4.2% | 10.0% | 10.3% | 7.0% | 18.0% | 8.5% | 13.4% | -0.7% |
| — | +107.6% | +18.3% | +360.7% | +29.4% | +16.6% | -32.0% | +133.5% | -34.6% | +12.4% | +1.4% | -94.2% | +31.0% | -76.7% | +18.5% | -23.5% | +1045.9% | +218.3% | -16.9% | +247.3% | -167.0% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 6.1% | 3.3% | 2.3% | 2.9% | 2.0% | 2.6% | 0.5% | 2.3% | 1.9% | 3.9% | 0.2% | 3.7% | 1.6% | 4.5% | 5.4% | 3.5% | 9.7% | 4.0% | 6.7% | -0.3% |
| — | +206.7% | +22.8% | +366.4% | +29.5% | +5.7% | -32.2% | +102.7% | -37.7% | +15.9% | -12.9% | -95.4% | +4.3% | -83.2% | +11.9% | -18.9% | +1425.4% | +376.1% | +15.3% | +366.2% | -186.8% | |
| ROA | 4.7% | 2.8% | 1.5% | 1.1% | 1.4% | 0.9% | 1.2% | 0.2% | 1.1% | 0.9% | 1.8% | 0.1% | 1.7% | 0.7% | 2.0% | 2.4% | 1.5% | 4.1% | 1.7% | 2.8% | -0.1% |
| — | +206.8% | +23.2% | +365.9% | +27.9% | +5.0% | -32.4% | +105.9% | -36.1% | +18.9% | -8.8% | -95.1% | +11.6% | -82.0% | +16.4% | -16.1% | +1474.9% | +372.2% | +15.9% | +366.3% | -185.5% | |
| ROIC | 8.8% | 5.1% | 3.3% | 1.0% | 2.6% | 2.0% | 3.2% | 0.8% | 2.5% | 2.7% | 3.3% | 2.1% | 3.5% | 2.3% | 4.4% | 5.6% | 3.0% | 5.8% | 4.4% | 4.1% | 0.2% |
| — | +150.7% | +1.0% | +23.6% | +5.2% | -24.4% | -3.1% | -61.9% | -30.1% | +14.7% | -24.9% | -61.5% | +16.8% | -59.6% | +0.1% | +36.8% | +1625.4% | +198.6% | +146.1% | +131.1% | -25.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.60 | 0.40 | 0.43 | 0.60 | 0.42 | 0.41 | 0.42 | 0.43 | 0.40 | 0.40 | 0.42 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.43 | 0.43 | 0.48 | 0.51 | 0.57 |
| — | -2.7% | +2.3% | +39.3% | +2.9% | +2.5% | -0.2% | -1.2% | -5.1% | -8.2% | -2.5% | -0.4% | -1.2% | +1.9% | -9.1% | -14.4% | -24.7% | -26.3% | -21.8% | -25.4% | -15.9% | |
| Debt / EBITDA | 2.10 | 3.52 | 4.70 | 11.74 | 5.46 | 6.59 | 5.13 | 9.36 | 5.90 | 5.51 | 4.97 | 3.92 | 4.93 | 6.49 | 4.31 | 4.31 | 5.37 | 3.57 | 4.57 | 4.76 | 14.57 |
| — | -46.6% | -8.5% | +25.4% | -7.5% | +19.6% | +3.3% | +138.6% | +19.7% | -15.1% | +15.2% | -8.9% | -8.2% | +82.1% | -5.7% | -9.5% | -63.2% | -57.3% | -48.3% | +18.0% | +12.6% | |
| Current Ratio | 1.30 | 1.43 | 1.27 | 1.30 | 1.35 | 1.32 | 1.32 | 1.35 | 1.40 | 1.41 | 1.42 | 1.40 | 1.48 | 1.46 | 1.47 | 1.37 | 1.38 | 1.39 | 1.34 | 1.35 | 1.26 |
| — | +8.6% | -3.3% | -3.4% | -3.5% | -6.0% | -7.0% | -4.2% | -5.7% | -3.8% | -3.4% | +2.7% | +7.9% | +5.0% | +9.3% | +1.5% | +9.0% | +5.3% | +3.0% | +8.0% | -3.5% | |
| Quick Ratio | 1.03 | 1.12 | 0.97 | 1.03 | 1.10 | 1.07 | 1.08 | 1.10 | 1.13 | 1.12 | 1.14 | 1.13 | 1.17 | 1.18 | 1.19 | 1.10 | 1.08 | 1.09 | 1.08 | 1.08 | 1.03 |
| — | +5.2% | -10.3% | -6.3% | -3.1% | -4.3% | -5.0% | -2.9% | -3.0% | -5.4% | -4.4% | +2.5% | +7.7% | +8.5% | +10.3% | +2.0% | +5.6% | +6.2% | +7.1% | +10.1% | -3.5% | |
| Interest Coverage | 7.28 | 15.14 | 7.33 | 6.46 | 7.17 | 6.56 | 9.00 | 4.27 | 7.19 | 7.00 | 10.49 | 2.34 | 10.98 | 5.42 | 13.32 | 18.82 | 16.58 | 38.64 | 7.10 | 17.89 | 2.39 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying SHEL stock.
Shell plc's current P/E is 17.6x. The average P/E over the last 4 quarters is 9.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Shell plc's current operating margin is 10.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Shell plc's business trajectory between earnings reports.