Shell plc (SHEL) is a publicly traded company in the Energy — Oil & Gas Integrated industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Shell plc, a distinguished energy and petrochemical corporation, is headquartered in London, United Kingdom, and was originally founded in 1907. Known as Royal Dutch Shell plc until its name change in January 2022, the company maintains a formidable global presence, conducting operations across Europe, Asia, Oceania, Africa, and both North and South America.
Is Shell plc stock overvalued or undervalued in 2026?
Shell plc (SHEL) trades at 11.6× earnings (P/E), against a median of 17.3× across the 140 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (11.6) does not tell whether it is cheap.
Kaplio overview: Shell plc
Market cap $299B · 52 weeks $70 – $108 (3 % below the high) · P/E 11.6× · 2027 expected P/E 9.7× · Dividend 2.8 % · 4 years rising · Next earnings October 29, 2026 · expected EPS $3.60 · Closing price, Oct 28 · accounts published Jul 30.
- Valuation: P/E 11.6× (no verdict).
- Business: 5-year ROIC 6.9 % (weak).
- Balance sheet: Net debt/EBITDA 1.3× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (11.6) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 25.0 times.
What matters in energy: 5 of 8 pass
- FCF yield 6.6 %, fails.
- 5y avg ROIC 6.9 %, fails.
- Capex / Revenue 7.1 %, fails.
- Positive FCF through the cycle 9 de 10 ejercicios, passes.
- Dividend coverage (FCF / div) 2.8×, passes.
- Net debt / EBITDA 1.3×, passes.
- P/E read in reverse (cyclicals) 11.6×, passes.
- EV/EBITDA vs own 10y 5.1×, passes.
Against its peers (reference peers) — Shell plc: P/E 11.6×; EV/EBITDA 5.1×; ROIC 8.5 %; $299B. TotalEnergies SE (P/E 11.7×; EV/EBITDA 5.3×; ROIC 7.3 %; $207B), Chevron Corporation (P/E 22.0×; EV/EBITDA 8.8×; ROIC 7.8 %; $453B), Petróleo Brasileiro S.A. - Petrobras (P/E 5.5×; EV/EBITDA 3.9×; ROIC 12.2 %; $142B).
Expensive or cheap against its last 9 years?
P/E at each close: today 11.6× · median 11.3× · minimum 5.3× · maximum 23.0× · cheap below 10.2× · expensive above 14.4×. It has been cheaper than today 60% of the time over its last 9 years.
Dividend
solid · Yield 2.8 % ($2.88 per ADS in 2025) · Years raising it 4 · 5-year growth +9 % a year · Free cash flow coverage 3.5× · With $1,000 invested today you'd collect $28.40 a year ($2.37 a month).
Profitability
| Return on Equity | 14.66% |
| Return on Invested Capital | 8.54% |
| Return on Assets | 6.80% |
| Gross Margin | 17.94% |
| Operating Margin | 13.37% |
| Net Margin | 8.75% |
Financial Health
| Debt / Equity | 0.40 |
| Current Ratio | 1.43 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 2.43 |
Price Performance
| 1 month | +10.56% |
| 3 months | +14.36% |
| Year-to-date | +43.15% |
| 1 year | +39.23% |
| 3 years | +59.16% |
| 5 years | +129.07% |
| 10 years | +111.18% |
Dividend History
Paid in the last 12 months: $3.0224 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-14 | $0.7812 |
| 2026-05-22 | $0.7812 |
| 2026-02-20 | $0.7440 |
| 2025-11-14 | $0.7160 |
| 2025-08-15 | $0.7160 |
| 2025-05-16 | $0.7160 |
| 2025-02-14 | $0.7160 |
| 2024-11-15 | $0.6880 |
| 2024-08-16 | $0.6880 |
| 2024-05-16 | $0.6880 |
Amounts adjusted for stock splits.
Related companies: XOM · CVX · TTE · PBR · BP · EQNR · E · IMO
Explore sector: Energy · Oil & Gas Integrated
More sections of SHEL: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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