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RELIANCE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE INDUSTRIES is 18.85.

Share Price ₹1,323.9Nov 09,2026
Market Cap ₹1,791,567.7 Cr
Earnings-TTM₹95,034.0 CrTTM-Consolidated Results
Price/Earnings18.85xCalculated 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 [ ₹1,791,567.7 Cr] as on Nov 09,2026

(/) Earnings [ ₹95,034.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 18.85x ]

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 18.85 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 18.85x.

- RELIANCE INDUSTRIES 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 17.65x.

- RELIANCE INDUSTRIES 's operated at median p/e ratio of 14.68x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE INDUSTRIES 's p/e ratio peaked in Mar2025 at 24.77x.

- RELIANCE INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 11.82x.


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 95,034.0018.851,791,567.7
INDIAN OIL CORPORATION LTD47,578.404.36207,300.0
BHARAT PETROLEUM CORPORATION LTD15,312.008.94136,880.0
HINDUSTAN PETROLEUM CORPORATION LTD-476.05-172.3582,048.8
MANGALORE REFINERY AND PETROCHEMICALS LTD4,360.237.0830,889.6
CHENNAI PETROLEUM CORPORATION LTD5,640.023.8621,756.7

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

Top 10 Industry PeersPE Ratio
Min industry PE -172.35x
Max industry PE 18.85x
Median industry PE 7.08x
Average industry PE -21.54x



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