Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) Valuation
Historical valuation analysis based on 1182 data points (2022-02-01 to 2026-10-16)
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural g...
Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) currently trades at a P/E ratio of 17.10 (historical range: 3.65–17.10, median: 9.08), placing it at the 100th percentile — expensive relative to its history, P/S ratio of 1.14 (range: 0.40–1.14, 100th percentile — expensive relative to its history), EV/EBITDA of 11.62 (range: 3.06–11.62, 100th percentile).
Over the historical period (2022-02-01 to 2026-10-16), Shell plc American Depositary Shares (Each represents two Ordinary shares)'s P/E ratio has expanded by 72% over the observed period (from an average of 6.6 to 11.4).
Shell plc American Depositary Shares (Each represents two Ordinary shares) trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 17.10 | 9.08 | 100th | expensive relative to its history |
| P/S Ratio | 1.14 | 0.60 | 100th | expensive relative to its history |
| EV/EBITDA | 11.62 | 6.60 | 100th | expensive relative to its history |
| FCF Yield | 10.34% | 17.93% | 0th | expensive relative to its history |
Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) Valuation & P/E History
Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) is a US-listed stock operating in the Energy sector currently trading at $106.20 with a market capitalization of $302.1 billion. This page provides historical valuation analysis for SHEL based on 1182 data points covering 2022-02-01 to 2026-10-16. The P/E ratio of 17.10 is above the historical median of 9.08, placing SHEL at the 100th percentile of its valuation range. The P/S ratio of 1.14 compares to a median of 0.60.
SHEL Valuation Metrics & Historical Range
The valuation table above shows Shell plc American Depositary Shares (Each represents two Ordinary shares)'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether SHEL is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests SHEL is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Shell plc American Depositary Shares (Each represents two Ordinary shares).
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is SHEL Overvalued or Undervalued?
Shell plc American Depositary Shares (Each represents two Ordinary shares) trades well above its own historical valuation range across most metrics. The overall valuation percentile of 100 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive SHEL is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full SHEL analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.SHEL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.