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RELIANCE COMMUNICATIONS
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE COMMUNICATIONS is -0.45.

Share Price ₹0.8Jul 30,2026
Market Cap ₹226.8 Cr
Earnings-TTM₹-499.0 CrTTM-Consolidated Results
Price/Earnings-0.45xCalculated 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 [ ₹226.8 Cr] as on Jul 30,2026

(/) Earnings [ ₹-499.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -0.45x ]

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 -0.45 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 -0.45x.

- 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 -499.00-0.45226.8
BHARTI AIRTEL LTD33,458.3036.481,220,610.0
VODAFONE IDEA LTD34,551.704.04139,437.0
INDUS TOWERS LTD7,153.9014.49103,627.0
BHARTI HEXACOM LTD1,733.2047.6182,515.0
TATA COMMUNICATIONS LTD905.8255.8350,573.4
RAILTEL CORPORATION OF INDIA LTD346.0027.309,445.2
TATA TELESERVICES (MAHARASHTRA) LTD37.53206.017,731.7
MAHANAGAR TELEPHONE NIGAM LTD-3,108.67-0.551,700.4
HATHWAY CABLE & DATACOM LTD73.4925.891,902.9
GTL LTD582.550.20114.4

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

Top 10 Industry PeersPE Ratio
Min industry PE -0.55x
Max industry PE 206.01x
Median industry PE 25.89x
Average industry PE 37.90x



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