GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (MEX:SHEL N) » Definitions » Cyclically Adjusted PB Ratio

Shell (MEX:SHEL N) Cyclically Adjusted PB Ratio : 1.21 (As of Jun. 29, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Shell Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Shell's current share price is MXN674.00. Shell's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN559.05. Shell's Cyclically Adjusted PB Ratio for today is 1.21.

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

MEX:SHEL N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.85   Max: 1.34
Current: 1.14

During the past years, Shell's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.39. And the median was 0.85.

MEX:SHEL N's Cyclically Adjusted PB Ratio is ranked worse than
54.76% of 787 companies
in the Oil & Gas industry
Industry Median: 0.97 vs MEX:SHEL N: 1.14

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Shell's adjusted book value per share data for the three months ended in Mar. 2025 was MXN611.361. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN559.05 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shell Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shell's Cyclically Adjusted PB 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 PB Ratio Chart

Shell Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.75 1.11 1.18 1.10

Shell Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 1.20 1.28 1.09 1.10 1.25

Competitive Comparison of Shell's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, Shell's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Oil & Gas Industry

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

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


;
;

Shell Cyclically Adjusted PB Ratio Calculation

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

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=674.00/559.05
=1.21

* 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 Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Shell's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=611.361/136.1000*136.1000
=611.361

Current CPI (Mar. 2025) = 136.1000.

Shell Quarterly Data

Book Value per Share CPI Adj_Book
201506 436.244 100.100 593.135
201509 427.191 100.200 580.246
201512 435.470 100.400 590.313
201603 421.765 100.400 571.735
201606 436.871 101.000 588.694
201609 445.267 101.500 597.053
201612 470.748 102.200 626.896
201703 436.976 102.700 579.089
201706 422.648 103.500 555.772
201709 436.123 104.300 569.092
201712 457.537 105.000 593.055
201803 429.725 105.100 556.475
201806 464.748 105.900 597.282
201809 445.186 106.600 568.385
201812 474.654 107.100 603.178
201903 456.489 107.000 580.637
201906 442.718 107.900 558.424
201909 466.702 108.400 585.961
201912 446.244 108.500 559.759
202003 537.984 108.600 674.214
202006 464.621 108.800 581.203
202009 436.680 109.200 544.250
202012 395.704 109.400 492.279
202103 428.628 109.700 531.780
202106 428.334 111.400 523.306
202109 432.998 112.400 524.297
202112 459.088 114.700 544.742
202203 464.086 116.500 542.164
202206 521.074 120.500 588.533
202209 523.431 122.300 582.494
202212 530.226 125.300 575.928
202303 508.185 126.800 545.457
202306 484.802 129.400 509.904
202309 501.120 130.100 524.231
202312 485.509 130.500 506.343
202403 481.261 131.600 497.717
202406 540.349 133.000 552.944
202409 597.513 133.500 609.150
202412 611.206 135.100 615.730
202503 611.361 136.100 611.361

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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  (MEX:SHEL N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Shell Cyclically Adjusted PB Ratio Related Terms

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


Shell Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (MEX:SHEL N) » Definitions » Cyclically Adjusted PB 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 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% 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 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 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.

Shell Headlines

No Headlines