Shell plc (SHEL) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2025
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SHEL Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Shell plc (SHEL) trades at a price-to-earnings ratio of 14.5x, with a stock price of $87.20 and trailing twelve-month earnings per share of $6.14.
The current P/E is 12% above its 5-year average of 12.9x. Over the past five years, SHEL's P/E has ranged from a low of 4.3x to a high of 38.1x, placing the current valuation at the 75th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, SHEL is roughly in line with its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, SHEL trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our SHEL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
SHEL P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $630B | 22.2 | -Best | -15% | |
| $369B | 27.9 | -Best | -32% | |
| $117B | 2187.7 | -Best | -85% | |
| $200B | 15.6 | -Best | -14% | |
| $79B | 30.6 | -Best | -9% | |
| $145B | 18.7 | -Best | -19% | |
| $72B | 14.8Lowest | -Best | -19% | |
| $55B | 34.2 | -Best | -34% | |
| $72B | 18.5 | -Best | +32% | |
| $69B | 15.9 | -Best | +116%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
SHEL Historical P/E Data (2005–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $73.48 | $5.92 | 12.4x | -17% |
| FY2025 Q3 | $71.53 | $4.80 | 14.9x | +0% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $70.41 | $4.36 | 16.1x | +9% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $73.28 | $4.26 | 17.2x | +16% |
| FY2024 Q4 | $62.65 | $5.02 | 12.5x | -16% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $65.95 | $4.86 | 13.6x | -9% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $72.18 | $5.60 | 12.9x | -13% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $67.04 | $5.42 | 12.4x | -17% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $65.80 | $5.66 | 11.6x | -22% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $64.38 | $8.44 | 7.6x | -49% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $60.38 | $8.18 | 7.4x | -50% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $57.54 | $12.06 | 4.8x | -68% |
Average P/E for displayed period: 14.9x
Full SHEL Stock Analysis
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Should I Buy SHEL Right Now?
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See SHEL's True Return
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Launch CalculatorIs SHEL Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Start ComparisonSHEL — Frequently Asked Questions
Quick answers to the most common questions about buying SHEL stock.
Is SHEL stock overvalued or undervalued?
SHEL trades at 14.5x P/E, near its 5-year average of 12.9x. The 75th percentile ranking places valuation within normal historical bounds.
How does SHEL's valuation compare to peers?
Shell plc P/E of 14.5x compares to sector median of 16.8x. The discount suggests lower growth expectations or higher risk.
What is SHEL's PEG ratio?
SHEL PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2025.