Stocktoria

Shell plc SHEL.L

GB · London Stock Exchange · XLON · stock · Energy · website

Shell plc statistics & valuation

Market cap$181.6B
P / E10.2×
P / S0.7×
P / B1.0×
P / FCF7.6×
Net margin6.7%
FCF margin9.0%
Net debt$46.0B
Enterprise value$291.2B
Earnings yield EBIT/EV12.1%
Return on capital9.6%
Graham number -98.6%$46.16

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($46.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.10% 6.10% 5.70% 6.70% 2022202320242025
Gross margin (%)
20.70% 14.90% 16.20% 15.90% 2022202320242025
Operating margin (%)
16.60% 9.70% 10.50% 10.30% 2022202320242025
Return on equity (%)
22.20% 10.40% 9.00% 10.20% 2022202320242025
Shares outstanding
5.52B 5.52B 5.52B 5.52B 2022202320242025
Net debt ($)
$43.70B $43.23B $39.24B $46.01B 2022202320242025
Share buybacks ($)
$18.44B $14.62B $13.90B $13.88B 2022202320242025
Return on assets (%)
9.60% 4.80% 4.20% 4.80% 2022202320242025
Free cash flow margin (%)
12.00% 9.90% 12.30% 9.00% 2022202320242025
Debt / equity (×)
0.44× 0.44× 0.43× 0.43× 2022202320242025
EPS ($)
$5.71 $2.85 $2.53 $3.00 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Shell plc trades at about 1096× earnings — above its 10-year norm (10-year range 415.8×–1058.7×, median 931.3×).

415.8× 1096×

Shaded band = 10-year range (415.8×–1058.7×); dot = today's 1096×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin15.9%16.2%14.9%20.7%
Operating margin10.3%10.5%9.7%16.6%
Net margin6.7%5.7%6.1%11.1%
FCF margin9.0%12.3%9.9%12.0%
Return on assets4.8%4.2%4.8%9.6%
Return on equity10.2%9.0%10.4%22.2%
Debt / equity0.24×0.23×0.26×0.27×
Current ratio1.301.351.401.37

Computed from company filings · GB · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.