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RELIANCE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE INDUSTRIES is 25.11.

Share Price ₹2,918.5Apr 23,2024
Market Cap ₹1,974,686.3 Cr
Earnings-TTM₹78,633.0 CrTTM-Consolidated Results
Price/Earnings25.11xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RELIANCE INDUSTRIES

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 INDUSTRIES is calculated as :

Current Market Cap [ ₹1,974,686.3 Cr] as on Apr 23,2024

(/) Earnings [ ₹78,633.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 25.11x ]

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

Thus, for RELIANCE INDUSTRIES , the investors are currently willing to pay 25.11 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 latest p/e ratio is 25.11x.

- RELIANCE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.45x.

- RELIANCE INDUSTRIES 's operated at median p/e ratio of 23.65x 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 Mar2020 of 17.75x.


How does RELIANCE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Refineries Industry?

Peer Comparison (Refineries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RELIANCE INDUSTRIES 78,633.0025.111,974,686.3
INDIAN OIL CORPORATION LTD47,115.605.04237,449.0
BHARAT PETROLEUM CORPORATION LTD26,635.604.83128,626.0
HINDUSTAN PETROLEUM CORPORATION LTD14,473.204.7368,494.6
MANGALORE REFINERY AND PETROCHEMICALS LTD4,353.579.0339,319.6
CHENNAI PETROLEUM CORPORATION LTD3,100.344.4613,816.0

Refineries Industry Benchmark (Top 10) PE Analysis vs RELIANCE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 4.46x
Max industry PE 25.11x
Median industry PE 5.04x
Average industry PE 8.87x



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