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Shell (BUE:SHEL) Cyclically Adjusted PS Ratio : 0.78 (As of May. 17, 2024)


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What is Shell Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Shell's current share price is ARS39600.50. Shell's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS50,676.50. Shell's Cyclically Adjusted PS Ratio for today is 0.78.

The historical rank and industry rank for Shell's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:SHEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.56   Max: 0.81
Current: 0.77

During the past years, Shell's highest Cyclically Adjusted PS Ratio was 0.81. The lowest was 0.24. And the median was 0.56.

BUE:SHEL's Cyclically Adjusted PS Ratio is ranked better than
55.34% of 759 companies
in the Oil & Gas industry
Industry Median: 0.88 vs BUE:SHEL: 0.77

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Shell's adjusted revenue per share data for the three months ended in Mar. 2024 was ARS9,388.053. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS50,676.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shell Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shell's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shell Cyclically Adjusted PS Ratio Chart

Shell Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.35 0.45 0.62 0.70

Shell Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.62 0.70 0.70 0.71

Competitive Comparison of Shell's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Shell's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shell's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shell's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shell's Cyclically Adjusted PS Ratio falls into.



Shell Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Shell's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39600.50/50676.5
=0.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shell's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shell's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9388.053/131.6000*131.6000
=9,388.053

Current CPI (Mar. 2024) = 131.6000.

Shell Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 142.910 99.800 188.446
201409 143.351 100.000 188.650
201412 125.357 99.900 165.135
201503 90.875 99.600 120.072
201506 103.053 100.100 135.482
201509 100.986 100.200 132.632
201512 117.296 100.400 153.747
201603 98.070 100.400 128.546
201606 101.403 101.000 132.125
201609 113.802 101.500 147.550
201612 125.668 102.200 161.819
201703 134.609 102.700 172.488
201706 143.422 103.500 182.361
201709 159.618 104.300 201.397
201712 195.226 105.000 244.683
201803 214.630 105.100 268.747
201806 288.123 105.900 358.045
201809 441.208 106.600 544.681
201812 464.992 107.100 571.363
201903 398.651 107.000 490.303
201906 496.145 107.900 605.122
201909 600.271 108.400 728.742
201912 630.624 108.500 764.886
202003 476.477 108.600 577.388
202006 285.659 108.800 345.521
202009 417.726 109.200 503.413
202012 459.883 109.400 553.205
202103 640.208 109.700 768.016
202106 731.580 111.400 864.236
202109 755.291 112.400 884.309
202112 1,112.214 114.700 1,276.089
202203 1,180.061 116.500 1,333.013
202206 1,601.397 120.500 1,748.912
202209 1,812.257 122.300 1,950.066
202212 2,383.876 125.300 2,503.736
202303 2,460.399 126.800 2,553.537
202306 2,611.351 129.400 2,655.748
202309 3,966.138 130.100 4,011.866
202312 4,287.498 130.500 4,323.638
202403 9,388.053 131.600 9,388.053

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Shell  (BUE:SHEL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Shell Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Shell's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shell (BUE:SHEL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (BUE:SHEL) » Definitions » Cyclically Adjusted PS Ratio
Address
Shell Centre, London, GBR, SE1 7NA
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 7.9 billion cubic feet of natural gas per day. At year-end 2022, reserves stood at 9.4 billion barrels of oil equivalent, 50% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.7 mmb/d located in the Americas, Asia, Africa, and Europe and sells 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.

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