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Shell (XPRA:SHELL) Cyclically Adjusted PS Ratio : (As of May. 17, 2024)


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What is Shell Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

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 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)
=259.282/131.6000*131.6000
=259.282

Current CPI (Mar. 2024) = 131.6000.

Shell Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 355.220 99.800 468.406
201409 364.263 100.000 479.370
201412 328.846 99.900 433.195
201503 260.361 99.600 344.011
201506 276.227 100.100 363.152
201509 259.277 100.200 340.527
201512 225.186 100.400 295.164
201603 163.616 100.400 214.461
201606 174.811 101.000 227.774
201609 183.870 101.500 238.397
201612 203.343 102.200 261.839
201703 220.830 102.700 282.972
201706 203.450 103.500 258.686
201709 199.350 104.300 251.529
201712 221.591 105.000 277.727
201803 219.608 105.100 274.980
201806 255.014 105.900 316.901
201809 263.274 106.600 325.017
201812 279.808 107.100 343.816
201903 231.662 107.000 284.923
201906 251.721 107.900 307.011
201909 252.306 108.400 306.305
201912 242.213 108.500 293.781
202003 184.566 108.600 223.655
202006 98.918 108.800 119.647
202009 127.613 109.200 153.790
202012 122.232 109.400 147.036
202103 156.371 109.700 187.588
202106 163.194 111.400 192.786
202109 166.615 112.400 195.076
202112 246.009 114.700 282.256
202203 249.471 116.500 281.806
202206 311.415 120.500 340.101
202209 323.628 122.300 348.237
202212 325.862 125.300 342.246
202303 275.535 126.800 285.965
202306 237.853 129.400 241.897
202309 258.761 130.100 261.744
202312 266.545 130.500 268.792
202403 259.282 131.600 259.282

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  (XPRA:SHELL) 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

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Shell (XPRA:SHELL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (XPRA:SHELL) » 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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