3
In the current session, the stock is trading at $68.33, after a 1.29% spike. Over the past month, Shell Inc. (NYSE:SHEL) stock increased by 0.08%, and in the past year, by 6.07%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Comparing Shell P/E Against Its Peers
The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market …
