SHEL.L Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	215.91B EUR	16.26T EUR	20.1T EUR	15.59T EUR
Enterprise Value	254.03B EUR	16.3T EUR	20.15T EUR	15.64T EUR
Valuation Multiples
Trailing P/E	11.22x	625.9x	1,071.68x	1,194.02x
Forward P/E	9.01x	--	--	--
Price to Sales	0.73x	54.81x	75.17x	78.88x
Price to Book	154.45x	89.91x	115.77x	89.4x
EV/Revenue	0.86x	54.95x	75.36x	79.11x
EV/EBITDA	4.41x	261.04x	379.92x	427.79x
Price to FCF (P/FCF)	10.06x	515.3x	974.03x	850.72x
EV/FCF	11.84x	516.62x	976.57x	853.23x
FCF Yield	9.94%	0.19%	0.1%	0.12%