Shell PLC (SHEL) intrinsic value & 10-year financials

Shell PLC (SHEL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue shrank 4.3% a year to $289.8B.

Graham intrinsic value
—
Revenue (FY2025)
$289.8B
Revenue growth (3-yr CAGR)
-4.3%
Free cash flow (FY2025)
—

SHEL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $289.8B $19.4B — — — —
FY2024 $302.5B $18.0B — — — —
FY2023 $316.6B $28.0B — — — —

Source: ESEF/IFRS annual reports. Figures in USD.

Executive summary

SHELL PLC is analyzed from ESEF/IFRS 10-year financial history with European equity ROIC and Graham Valuation framing.

SHELL PLC is facing top-line stagnation, with revenue contracting over the decade.

SHELL PLC 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

SHELL PLC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using ESEF/IFRS European equity fundamentals, SHELL PLC is modeled at -4.3% normalized earnings growth with a 5.1% bond-yield adjustment.

SHEL stock: frequently asked questions

How fast has Shell PLC grown?

Revenue went from $316.6B in fiscal 2023 to $289.8B in fiscal 2025, a compound annual growth rate of -4.3%. Net income was $19.4B in fiscal 2025.

Where does this SHEL data come from?

From Shell PLC's ESEF/IFRS annual reports. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.