RELIANCE INDUSTRIES
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The Current P/E Ratio of RELIANCE INDUSTRIES is 21.84.
| Share Price | ₹1,566.9 | Nov 28,2025 |
| Market Cap | ₹2,120,339.8 Cr | |
| Earnings-TTM | ₹97,065.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 21.84x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of RELIANCE INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,120,339.8 Cr] as on Nov 28,2025
(/) Earnings [ ₹97,065.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.84x ]
Thus, for RELIANCE INDUSTRIES , the investors are currently willing to pay 21.84 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 INDUSTRIES !
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 INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of RELIANCE INDUSTRIES
PE Ratio Performance Analysis for RELIANCE INDUSTRIES
- RELIANCE INDUSTRIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 23.70x.
- RELIANCE INDUSTRIES 's operated at median p/e ratio of 24.77x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RELIANCE INDUSTRIES 's p/e ratio peaked in Mar2022 at 29.35x.
- RELIANCE INDUSTRIES 's p/e ratio hit its five-year low in Mar2024 of 14.46x.
How does RELIANCE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Refineries Industry?
| Peer Comparison (Refineries Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| RELIANCE INDUSTRIES | 97,065.00 | 21.84 | 2,120,339.8 |
| INDIAN OIL CORPORATION LTD | 23,140.10 | 9.87 | 228,411.0 |
| BHARAT PETROLEUM CORPORATION LTD | 19,194.70 | 8.11 | 155,752.0 |
| HINDUSTAN PETROLEUM CORPORATION LTD | 13,963.50 | 6.97 | 97,358.5 |
| MANGALORE REFINERY AND PETROCHEMICALS LTD | 1,019.03 | 27.15 | 27,664.8 |
| CHENNAI PETROLEUM CORPORATION LTD | 1,106.17 | 12.33 | 13,643.3 |
Refineries Industry Benchmark (Top 10) PE Analysis vs RELIANCE INDUSTRIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 6.97x |
| Max industry PE | 27.15x |
| Median industry PE | 12.33x |
| Average industry PE | 14.38x |
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