Shell (RYDAF) Cyclically Adjusted PS Ratio: 0.77 (As of Jul. 05, 2026) — 28% Above Median


RYDAF Shell PLC RYDAF
70 GF Score
Price $37.00
GF Value $35.50
Valuation Fairly Valued
! 2 Warning Signs
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What is Shell Cyclically Adjusted PS Ratio?

Shell RYDAF -3.20% 70 Cyclically Adjusted PS Ratio is 0.77 as of Jul. 05, 2026, which is 28% above its 10-year median of 0.60. GuruFocus rates RYDAF with a GF Score™ of 70/100 and a GF Value™ of $35.50 (Fairly Valued). The stock has 2 warning signs investors should review. Among 707 Oil & Gas companies, Shell ranks better than 58.42% on this metric.

As of today (2026-07-05), Shell's current share price is $37.00. Shell's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $48.23. Shell's Cyclically Adjusted PS Ratio for today is 0.77.

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

RYDAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.6   Max: 0.94
Current: 0.77

During the past years, Shell's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.24. And the median was 0.60.

RYDAF's Cyclically Adjusted PS Ratio is ranked better than
58.42% of 707 companies
in the Oil & Gas industry
Industry Median: 1 vs RYDAF: 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. 2026 was $12.219. 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 $48.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shell  (OTCPK:RYDAF) 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


Shell Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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.

Shell Cyclically Adjusted PS Ratio Chart

Shell Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.62 0.70 0.68 0.74

Shell Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.77 0.69 0.72 0.74 0.95

RYDAF vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.


RYDAF
70GF Score
Shell PLC RYDAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=37.00/48.23
=0.77

* 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. 2026 is calculated as:

For example, Shell's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=12.219/140.8000*140.8000
=12.219

Current CPI (Mar. 2026) = 140.8000.

Shell Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.254 101.000 10.113
201609 7.629 101.500 10.583
201612 7.927 102.200 10.921
201703 8.731 102.700 11.970
201706 8.699 103.500 11.834
201709 9.109 104.300 12.297
201712 10.224 105.000 13.710
201803 10.652 105.100 14.270
201806 11.553 105.900 15.360
201809 11.990 106.600 15.837
201812 12.332 107.100 16.212
201903 10.198 107.000 13.419
201906 11.105 107.900 14.491
201909 10.733 108.400 13.941
201912 10.550 108.500 13.691
202003 7.677 108.600 9.953
202006 4.173 108.800 5.400
202009 5.627 109.200 7.255
202012 5.651 109.400 7.273
202103 7.107 109.700 9.122
202106 7.723 111.400 9.761
202109 7.724 112.400 9.676
202112 11.013 114.700 13.519
202203 10.990 116.500 13.282
202206 13.308 120.500 15.550
202209 13.043 122.300 15.016
202212 14.219 125.300 15.978
202303 12.455 126.800 13.830
202306 10.881 129.400 11.840
202309 11.333 130.100 12.265
202312 11.877 130.500 12.814
202403 11.143 131.600 11.922
202406 11.603 133.000 12.283
202409 11.247 133.500 11.862
202412 10.668 135.100 11.118
202503 11.373 136.100 11.766
202506 10.892 138.400 11.081
202509 11.540 138.900 11.698
202512 11.054 139.900 11.125
202603 12.219 140.800 12.219

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.

What does a Cyclically Adjusted PS Ratio of 0.77 mean?
Shell (RYDAF) has a Cyclically Adjusted PS Ratio of 0.77 as of Jul. 05, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shell and its competitors. This is 28% above median its historical median of 0.60. Over the past decade, Shell's Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.94. According to the industry distribution chart, Shell ranks #294 out of 707 companies in the Oil & Gas industry, placing it in the top 41.6%.
Is Shell's Cyclically Adjusted PS Ratio too high?
Shell's current Cyclically Adjusted PS Ratio of 0.77 is 28% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.94. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.00. Shell's value of 0.77 is 23% below this industry median. Based on the distribution chart, Shell ranks #294 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Shell has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell's Cyclically Adjusted PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Shell ranks #294 out of 707 companies for Cyclically Adjusted PS Ratio. This puts Shell in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Shell's value of 0.77 is 23% below this benchmark. Historically, Shell's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.94 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.00, Shell has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.00, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shell's current Cyclically Adjusted PS Ratio of 0.77 is 23% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shell and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shell's current Cyclically Adjusted PS Ratio is 0.77, which is 28% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shell stock overvalued right now?
Based on GuruFocus' analysis, Shell (RYDAF) is currently considered Fairly Valued. The stock's GF Value™ is $35.50, compared to a current price of $37.00 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.77, which is 28% above median its 10-year median of 0.60 and 23% below the Oil & Gas industry median of 1.00. Shell's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Shell (RYDAF), the current Cyclically Adjusted PS Ratio is 0.77 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shell (RYDAF) Overvalued in 2026?

Based on GuruFocus' analysis, Shell stock appears to be overvalued. The current stock price of $37.00 is trading 4.2% above its estimated GF Value™ of $35.50. GuruFocus considers Shell to be Fairly Valued.

Key valuation signals for RYDAF:

  • Cyclically Adjusted PS Ratio: 0.77 (28% above median its 10-year median of 0.60)
  • GF Value™: $35.50 vs. price of $37.00 (4.2% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 23% below the Oil & Gas median (#294 of 707)

No single metric tells the full story. See the RYDAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shell Business Description

Industry EnergyOil & Gas
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 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At year-end 2025, reserves stood at 8.1 billion barrels of oil equivalent, 44% 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 a capacity of 1.4 mmb/d located in the Americas, Asia, and Europe, and sells about 9 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Northwestern Europe, China, and North America.
70GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.00
Price
$35.50
GF Value