Shell (SHEL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Shell

NYSE•Energy•Oil & Gas Integrated

$92.95+0.62(0.01%)Pre-market

Market Cap

$261.98B

P/E

10.1x

P/S

0.9x

P/B

1.4x

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability23/25

Growth18/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Strong marginsRising earningsInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.3x5y range 4.2x – 37.4x

Currently below its 20-quarter median.

P/S · 0.7x5y range 0.5x – 1.0x

Currently near its 20-quarter median.

P/B · 1.2x5y range 1.0x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $261.98B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $296.51B
Q. Revenue: $94.66B
TTM EBITDA: $66.13B
TTM Op. Income: $45.41B
Q. Op. Income: $15.18B
TTM Net Income: $25.97B
Q. Net Income: $10.82B
EPS: N/A
Shares Out.: $2.82B

$296.51B in TTM revenue grew 9.0% YoY, reaching $94.66B last quarter. TTM EBITDA of $66.13B and TTM operating income of $45.41B show growth is flowing through to the bottom line. TTM net income of $25.97B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 23.7%
Op. Margin: 16.0%
Net Margin: 11.4%

Op. margin of 16.0% is up 6.8% YoY — cost efficiency is improving. Net margin at 11.4% Over the past year, operating margin is up 74% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.3x
P/S Ratio: 0.7x
P/B Ratio: 1.2x

At 8.3x P/E, the stock trades below typical market levels. P/S of 0.7x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 46% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $380.51B
Cash: $31.37B
Long-Term Debt: N/A
Book Value: $180.79B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $30.80B
FCF Margin: 10.4%
FCF / Net Income: 1.2

TTM FCF of $30.80B. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 7% — an improving trend.