Shell
SHEL
#53
Rank
$215.64 B
Marketcap
$67.04
Share price
0.42%
Change (1 day)
19.35%
Change (1 year)

The Royal Dutch Shell is one of the world's largest mineral oil and natural gas companies. The group is active in more than 140 countries. Shell employs around 83,000 people worldwide.

P/E ratio for Shell (SHEL)

P/E ratio as of March 2024 (TTM): 7.89

According to Shell's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.88706. At the end of 2022 the company had a P/E ratio of 4.94.

P/E ratio history for Shell from 2005 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.94-40.77%
20218.35-232.68%
2020-6.29-141.81%
201915.045.11%
201810.4-50.89%
201721.1-54.97%
201646.9-36.53%
201573.9418.47%
201414.24.33%
201313.769.11%
20128.079.8%
20117.35-27.99%
201010.2-30.69%
200914.7137.66%
20086.20-26.38%
20078.42-5.56%
20068.9234.65%
20056.62

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.37-44.64%๐Ÿ‡ฌ๐Ÿ‡ง UK
11.7 47.93%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.