Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 8.56 as of 2026-09-29T09:00:56.430Z.
Consensus retrieved: 2026-09-13T23:42:21.133Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-29T09:00:56.430Z.
Quote observation: 2026-09-28T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f64ae0b130c2e71b7c728804c61fdf938fae65ac4fd93d44338e24c9bc264880
Forward PE Ratio (8.56) = Dated Quote Price ($96.47) / Consensus Forward EPS ($11.26)
FORWARD PE RATIO
8.56
SECTOR MEDIAN · ENERGY
12.83
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-33.28%
vs the sector median at left
Shell plc
Market Cap
$268.97B
Forward PE Ratio
8.56
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Shell plc (SHEL) | $268.97B | 8.56 |
| TotalEnergies SE (TTE)vs › | $201.19B | 8.23 |
| ConocoPhillips (COP)vs › | $153.55B | 12.16 |
| Chevron Corporation (CVX)vs › | $411.01B | 12.83 |
| Marathon Petroleum Corporation (MPC)vs › | $113.69B | 7.38 |
| Valero Energy Corporation (VLO)vs › | $112.17B | 8.89 |
| Phillips 66 (PSX)vs › | $101.66B | 9.42 |
| Canadian Natural Resources Limited (CNQ)vs › | $99.18B | N/A |
| The Williams Companies, Inc. (WMB)vs › | $84.37B | 27.93 |
| Suncor Energy Inc. (SU)vs › | $81.20B | N/A |
Trailing P/E
10.7
reported TTM EPS
Forward P/E
8.6
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $11.26 implies +24.3% EPS growth vs the reported trailing $9.06.
At the dated quote price of $96.47, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $11.26 | $6.29 – $13.64 | 5 | 8.6x |
| 2027-12-31 | $9.37 | $7.95 – $10.96 | 5 | 10.3x |
| 2028-12-31 | $9.37 | $8.85 – $10.33 | 3 | 10.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
