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RELIANCE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE INDUSTRIES is 20.14.

Share Price ₹1,399.3Sep 15,2025
Market Cap ₹1,893,602.7 Cr
Earnings-TTM₹94,020.0 CrTTM-Consolidated Results
Price/Earnings20.14xCalculated 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 [ ₹1,893,602.7 Cr] as on Sep 15,2025

(/) Earnings [ ₹94,020.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.14x ]

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 20.14 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 20.14x.

- 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 RatioMarket Cap
RELIANCE INDUSTRIES 94,020.0020.141,893,602.7
INDIAN OIL CORPORATION LTD14,536.6013.99203,346.0
BHARAT PETROLEUM CORPORATION LTD15,232.509.07138,093.0
HINDUSTAN PETROLEUM CORPORATION LTD10,831.607.8585,070.3
MANGALORE REFINERY AND PETROCHEMICALS LTD-309.46-71.9022,249.2
CHENNAI PETROLEUM CORPORATION LTD-243.96-45.8611,187.0

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

Top 10 Industry PeersPE Ratio
Min industry PE -71.90x
Max industry PE 20.14x
Median industry PE 9.07x
Average industry PE -11.12x



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