Shell plc

SEP:SHELL Stock Report

Market Cap: Kč5.8t

Shell Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SHELL (CZK954) is trading below our estimate of future cash flow value (CZK1205.74)

Significantly Below Future Cash Flow Value: SHELL is trading below future cash flow 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 Ratio10.7x
EarningsUS$25.97b
Market CapUS$278.02b

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 Average11.3x
857 PetroChina
8.8x-1.92%HK$2.3t
TTE TotalEnergies
11.4x1.05%€176.8b
CVX Chevron
20.2x2.01%US$419.9b
PETR4 Petróleo Brasileiro - Petrobras
4.7x-7.83%R$670.3b
SHELL Shell
10.7x-6.83%Kč205.9b

Price-To-Earnings vs Peers: SHELL is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (11.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

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 10.7xIndustry Avg. 14.0xNo. of Companies11PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SHELL is good value based on its Price-To-Earnings Ratio (10.7x) compared to the European Oil and Gas industry average (14.1x).

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 Ratio10.7x
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
CurrentKč954.00
Kč1,083.67
+13.59%
9.13%Kč1,332.10Kč983.83n/a16
Sep ’27Kč900.00
Kč1,048.95
+16.55%
10.37%Kč1,282.64Kč856.36n/a17
Aug ’27Kč930.00
Kč1,065.14
+14.53%
10.08%Kč1,270.54Kč860.88n/a15
Jul ’27Kč802.00
Kč1,094.12
+36.42%
8.46%Kč1,265.70Kč924.56n/a15
Jun ’27Kč850.00
Kč1,087.05
+27.89%
8.30%Kč1,276.95Kč983.96n/a15
May ’27Kč900.00
Kč1,068.29
+18.70%
9.67%Kč1,256.50Kč857.27n/a15
Apr ’27Kč812.10
Kč988.46
+21.72%
11.69%Kč1,257.91Kč826.53n/a16
Mar ’27Kč835.00
Kč871.99
+4.43%
8.82%Kč1,110.68Kč785.07n/a16
Feb ’27Kč772.00
Kč864.25
+11.95%
9.03%Kč1,103.19Kč775.19n/a16
Jan ’27Kč772.00
Kč869.56
+12.64%
8.68%Kč1,111.96Kč792.41n/a16
Dec ’26Kč800.00
Kč867.71
+8.46%
8.41%Kč1,096.06Kč794.64n/a16
Nov ’26Kč791.00
Kč870.69
+10.08%
8.77%Kč1,110.16Kč804.86n/a16
Oct ’26Kč754.00
Kč854.78
+13.37%
8.58%Kč1,096.55Kč770.45n/a16
Sep ’26Kč780.70
Kč855.76
+9.61%
9.33%Kč1,110.84Kč764.99Kč900.0016
Aug ’26Kč785.30
Kč863.24
+9.93%
9.28%Kč1,124.36Kč774.30Kč930.0016
Jul ’26Kč756.00
Kč861.50
+13.96%
9.74%Kč1,113.35Kč766.26Kč802.0016
Jun ’26Kč744.20
Kč906.24
+21.77%
12.14%Kč1,168.55Kč769.73Kč850.0016
May ’26Kč727.00
Kč912.26
+25.48%
10.69%Kč1,118.12Kč763.85Kč900.0016
Apr ’26Kč843.00
Kč983.54
+16.67%
8.64%Kč1,197.95Kč864.42Kč812.1016
Mar ’26Kč816.30
Kč970.73
+18.92%
6.23%Kč1,081.15Kč876.59Kč835.0016
Feb ’26Kč770.30
Kč985.80
+27.98%
6.64%Kč1,107.46Kč897.92Kč772.0016
Jan ’26Kč738.60
Kč968.04
+31.06%
8.26%Kč1,103.78Kč789.94Kč772.0016
Dec ’25Kč784.20
Kč969.98
+23.69%
8.36%Kč1,108.27Kč793.16Kč800.0016
Nov ’25Kč800.30
Kč958.57
+19.78%
7.44%Kč1,083.42Kč844.05Kč791.0016
Oct ’25Kč747.00
Kč957.55
+28.19%
8.87%Kč1,156.83Kč822.57Kč754.0016
Sep ’25Kč807.80
Kč958.67
+18.68%
8.39%Kč1,155.10Kč825.92Kč780.7015
Kč1.02k
Fair Value
6.2% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 03:15
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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 57 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Alejandro VigilBanco Santander
Lydia RainforthBarclays