RELIANCE INDUSTRIES
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The Current P/E Ratio of RELIANCE INDUSTRIES is 19.70.
| Share Price | ₹1,280.1 | Jul 27,2026 |
| Market Cap | ₹1,732,295.3 Cr | |
| Earnings-TTM | ₹87,930.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 19.70x | 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 [ ₹1,732,295.3 Cr] as on Jul 27,2026
(/) Earnings [ ₹87,930.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.70x ]
Thus, for RELIANCE INDUSTRIES , the investors are currently willing to pay 19.70 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 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 Ratio | Market Cap |
|---|---|---|---|
| RELIANCE INDUSTRIES | 87,930.00 | 19.70 | 1,732,295.3 |
| INDIAN OIL CORPORATION LTD | 40,701.80 | 4.90 | 199,604.0 |
| BHARAT PETROLEUM CORPORATION LTD | 16,377.80 | 8.38 | 137,314.0 |
| HINDUSTAN PETROLEUM CORPORATION LTD | 38.00 | 2,206.78 | 83,857.5 |
| MANGALORE REFINERY AND PETROCHEMICALS LTD | 3,103.01 | 9.17 | 28,453.4 |
| CHENNAI PETROLEUM CORPORATION LTD | 4,105.93 | 4.24 | 17,391.4 |
Refineries Industry Benchmark (Top 10) PE Analysis vs RELIANCE INDUSTRIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 4.24x |
| Max industry PE | 2,206.78x |
| Median industry PE | 9.17x |
| Average industry PE | 375.53x |
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