SHEL P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
SHEL's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
SHEL P/E ratio by year
Yearly range of SHEL’s p/e ratio from 2016 to 2026. Over the full period it ranged from -32.0 to 50.5, averaging 13.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.5 | 12.5 | 15.7 | 10.3 |
| 2025 | 12.4 | 15.3 | 17.2 | 12.4 |
| 2024 | 10.8 | 12.7 | 14.5 | 12.5 |
| 2023 | 4.6 | 6.4 | 8.1 | 7.8 |
| 2022 | 4.3 | 7.5 | 11.0 | 5.0 |
| 2021 | -10.2 | 13.0 | 42.7 | 8.4 |
| 2020 | -11.5 | 2.0 | 16.1 | -6.3 |
| 2019 | 10.5 | 11.5 | 15.1 | 15.1 |
| 2018 | 10.4 | 16.4 | 22.6 | 10.4 |
| 2017 | 23.0 | 31.7 | 48.5 | 25.5 |
| 2016 | -32.0 | 32.1 | 50.5 | 50.4 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is SHEL P/E ratio High or Low Right Now?
Shell plc's P/E ratio is currently 10.3, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for SHEL is approximately 12.5. See all SHEL valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.