Shell plc

SEP:SHELL Stock Report

Market Cap: Kč4.9t

Shell Valuation

Is SHELL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SHELL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Kč1.33k
Fair Value
39.7% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: SHELL (CZK802.2) is trading below our estimate of fair value (CZK1330.1)

Significantly Below Fair Value: SHELL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SHELL?

Key metric: As SHELL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SHELL. This is calculated by dividing SHELL's market cap by their current earnings.
What is SHELL's PE Ratio?
PE Ratio12.5x
EarningsUS$16.09b
Market CapUS$201.19b

Price to Earnings Ratio vs Peers

How does SHELL's PE Ratio compare to its peers?

The above table shows the PE ratio for SHELL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9x
857 PetroChina
6.4x-3.2%HK$1.5t
CVX Chevron
15.5x5.4%US$274.9b
TTE TotalEnergies
8.7x1.9%€131.8b
PETR4 Petróleo Brasileiro - Petrobras
5.6x13.2%R$500.0b
SHELL Shell
12.5x7.4%Kč161.8b

Price-To-Earnings vs Peers: SHELL is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does SHELL's PE Ratio compare vs other companies in the European Oil and Gas Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHELL 12.5xIndustry Avg. 8.9xNo. of Companies17PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SHELL is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the European Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is SHELL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SHELL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHELL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SHELL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKč802.20
Kč996.88
+24.3%
6.6%Kč1,117.17Kč908.32n/a16
Jan ’26Kč738.60
Kč967.88
+31.0%
8.3%Kč1,103.78Kč789.94n/a16
Dec ’25Kč784.20
Kč969.82
+23.7%
8.4%Kč1,108.27Kč793.16n/a16
Nov ’25Kč800.30
Kč958.41
+19.8%
7.5%Kč1,083.42Kč844.05n/a16
Oct ’25Kč747.00
Kč957.40
+28.2%
8.9%Kč1,156.83Kč822.57n/a16
Sep ’25Kč807.80
Kč958.51
+18.7%
8.4%Kč1,155.10Kč825.92n/a15
Aug ’25Kč882.40
Kč989.34
+12.1%
8.5%Kč1,198.26Kč853.90n/a15
Jul ’25Kč830.60
Kč963.97
+16.1%
7.7%Kč1,112.37Kč852.73n/a15
Jun ’25Kč800.00
Kč927.58
+15.9%
8.1%Kč1,078.14Kč826.49n/a15
May ’25Kč871.00
Kč923.96
+6.1%
8.9%Kč1,130.55Kč805.14n/a15
Apr ’25Kč771.40
Kč902.34
+17.0%
9.7%Kč1,136.37Kč766.03n/a15
Mar ’25Kč732.90
Kč889.12
+21.3%
10.4%Kč1,127.16Kč759.81n/a15
Feb ’25Kč710.00
Kč881.35
+24.1%
10.0%Kč1,103.80Kč750.72Kč770.3015
Jan ’25Kč730.00
Kč852.85
+16.8%
10.5%Kč1,050.84Kč697.97Kč738.6015
Dec ’24Kč740.50
Kč837.27
+13.1%
10.0%Kč1,040.31Kč690.97Kč784.2015
Nov ’24Kč759.50
Kč848.43
+11.7%
10.7%Kč1,080.32Kč713.10Kč800.3015
Oct ’24Kč734.50
Kč842.34
+14.7%
9.2%Kč1,033.57Kč712.40Kč747.0016
Sep ’24Kč689.70
Kč812.47
+17.8%
9.3%Kč999.25Kč688.74Kč807.8016
Aug ’24Kč661.90
Kč797.12
+20.4%
10.5%Kč978.21Kč663.04Kč882.4018
Jul ’24Kč625.30
Kč794.60
+27.1%
9.5%Kč974.80Kč665.98Kč830.6019
Jun ’24Kč645.00
Kč788.53
+22.3%
9.3%Kč913.13Kč631.46Kč800.0020
May ’24Kč650.50
Kč762.89
+17.3%
8.4%Kč874.37Kč637.69Kč871.0021
Apr ’24Kč589.80
Kč766.81
+30.0%
9.9%Kč923.67Kč611.16Kč771.4021
Mar ’24Kč680.00
Kč776.79
+14.2%
10.0%Kč947.17Kč618.18Kč732.9020
Feb ’24Kč651.00
Kč781.24
+20.0%
10.2%Kč948.04Kč618.75Kč710.0021
Analyst Price Target
Consensus Narrative from 16 Analysts
Kč994.63
Fair Value
19.3% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 13:02
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shell plc is covered by 75 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thijs BerkelderABN AMRO Bank N.V.
Alejandro AcostaAlezor Research
Alexandre AndlauerAlphaValue