Shell (SHEL) EV to EBITDA (2010 - 2026)
Shell's (SHEL) EV to EBITDA was 2.69 for Q3 2026, down 29.6% from 3.82 a year earlier but up 15.4% from the prior quarter.
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Analysis
Shell (SHEL) EV to EBITDA (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Shell's EV to EBITDA came in at 1.51, down 21.0% year-over-year; for FY2014, it came in at 8.37, down 2.8% from FY2013.
- By year, EV to EBITDA came in at 8.61 in FY2013 (-8.9%), 9.45 in FY2012 (+21.3%), 7.79 in FY2011 (+234.6%) and 2.33 in FY2010.
- Five-year quarterly EV to EBITDA spans a low of 2.33 in Q2 2026 and a high of 18.76 in Q1 2025.
- Year over year, EV to EBITDA has now declined in each of the last three quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at 2.33 (Q2 2026), 3.48 (Q1 2026) and 2.51 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 678.46 Bn | 636.61 Bn | - |
| 2 | Shell | 572.35 Bn | 454.96 Bn | - |
| 3 | Chevron | 410.31 Bn | 377.35 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 190.98 Bn | 74.26 Bn | - |
| 5 | Eni Spa | 166.41 Bn | 117.77 Bn | - |
| 6 | Conocophillips | 163.94 Bn | 136.65 Bn | 12.81 Bn |
| 7 | Equinor Asa | 104.52 Bn | 35.38 Bn | 12.28 Bn |
| 8 | Canadian Natural Resources | 100.46 Bn | 98.53 Bn | - |
| 9 | Phillips 66 | 99.08 Bn | 82.87 Bn | 10.69 Bn |
| 10 | Suncor Energy | 82.03 Bn | 74.17 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.69 |
| Jun 30, 2026 | 2.33 |
| Mar 31, 2026 | 3.48 |
| Dec 31, 2025 | 2.51 |
| Sep 30, 2025 | 3.82 |
| Jun 30, 2025 | 2.68 |
| Mar 31, 2025 | 18.76 |
| Sep 30, 2023 | 17.70 |
| Mar 31, 2021 | 91.50 |
| Sep 30, 2020 | 3.28 |
| Jun 30, 2020 | 3.54 |
| Mar 31, 2018 | 6.00 |
| Dec 31, 2017 | 9.83 |
| Sep 30, 2017 | 7.54 |
| Jun 30, 2017 | 6.57 |
| Dec 31, 2016 | 7.33 |
| Sep 30, 2016 | 2.81 |
| Jun 30, 2016 | 3.15 |
| Dec 31, 2015 | 2.47 |
| Sep 30, 2015 | 2.91 |
API Access
Shell EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "SHEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();