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RELIANCE COMMUNICATIONS
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE COMMUNICATIONS is -32.15.

Share Price ₹0.9Sep 09,2026
Market Cap ₹257.2 Cr
Earnings-TTM₹-8.0 CrTTM-Consolidated Results
Price/Earnings-32.15xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RELIANCE COMMUNICATIONS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of RELIANCE COMMUNICATIONS is calculated as :

Current Market Cap [ ₹257.2 Cr] as on Sep 09,2026

(/) Earnings [ ₹-8.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -32.15x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for RELIANCE COMMUNICATIONS , the investors are currently willing to pay -32.15 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of RELIANCE COMMUNICATIONS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of RELIANCE COMMUNICATIONS over the last five years.

Historical PE (Price/Earnings) ratio chart of RELIANCE COMMUNICATIONS


PE Ratio Performance Analysis for RELIANCE COMMUNICATIONS

- RELIANCE COMMUNICATIONS 's latest p/e ratio is -32.15x.

- RELIANCE COMMUNICATIONS 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.00x.

- RELIANCE COMMUNICATIONS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE COMMUNICATIONS 's p/e ratio peaked in Mar2025 at 0x.

- RELIANCE COMMUNICATIONS 's p/e ratio hit its five-year low in Mar2025 of 0x.


How does RELIANCE COMMUNICATIONS 's P/E Ratio benchmark against top 10 peers in Telecommunication - Service Provider Industry?

Peer Comparison (Telecommunication - Service Provider Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RELIANCE COMMUNICATIONS -8.00-32.15257.2
BHARTI AIRTEL LTD36,022.7031.511,135,140.0
VODAFONE IDEA LTD37,405.804.49168,040.0
INDUS TOWERS LTD7,153.9013.7498,271.6
BHARTI HEXACOM LTD1,824.0042.3777,277.5
TATA COMMUNICATIONS LTD905.8255.8550,591.3
RAILTEL CORPORATION OF INDIA LTD346.0024.478,466.4
TATA TELESERVICES (MAHARASHTRA) LTD37.53188.567,076.8
MAHANAGAR TELEPHONE NIGAM LTD-3,007.67-0.531,588.2
HATHWAY CABLE & DATACOM LTD73.4924.641,810.8
GTL LTD889.130.13112.3

Telecommunication - Service Provider Industry Benchmark (Top 10) PE Analysis vs RELIANCE COMMUNICATIONS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -32.15x
Max industry PE 188.56x
Median industry PE 24.47x
Average industry PE 32.10x



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