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RELIANCE INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of RELIANCE INDUSTRIES is 1.86.

Share Price ₹1,427.9Feb 23,2026
Market Cap ₹1,932,305.7 Cr
Sales-TTM₹1,041,630.0 CrTTM-Consolidated Results
Price/Sales1.86xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of RELIANCE INDUSTRIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of RELIANCE INDUSTRIES is calculated as :

Current Market Cap [ ₹1,932,305.7 Cr] as on Feb 23,2026

(/) Sales [ ₹1,041,630.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.86x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for RELIANCE INDUSTRIES , the investors are currently willing to pay '1.86 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of RELIANCE INDUSTRIES !

The chart below summarizes the trend in P/S Ratio of RELIANCE INDUSTRIES over the last five years.

Historical PS (Price/Sales) ratio chart of RELIANCE INDUSTRIES


PS Ratio Performance Analysis for RELIANCE INDUSTRIES

- RELIANCE INDUSTRIES 's latest p/e ratio is 1.86x.

- RELIANCE INDUSTRIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 2.23x.

- RELIANCE INDUSTRIES 's operated at median p/e ratio of 2.24x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE INDUSTRIES 's p/e ratio peaked in Mar2021 at 2.77x.

- RELIANCE INDUSTRIES 's p/e ratio hit its five-year low in Mar2025 of 1.79x.


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

Peer Comparison (Refineries Industry)Sales (Cr)PS RatioMarket Cap (Cr)
RELIANCE INDUSTRIES 1,041,630.01.861,932,305.7
INDIAN OIL CORPORATION LTD885,914.00.28249,169.0
BHARAT PETROLEUM CORPORATION LTD514,789.00.31161,631.0
HINDUSTAN PETROLEUM CORPORATION LTD473,647.00.2093,315.7
MANGALORE REFINERY AND PETROCHEMICALS LTD104,262.00.3233,842.7
CHENNAI PETROLEUM CORPORATION LTD78,736.10.1713,168.2

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.17x
Max industry PS 1.86x
Median industry PS 0.31x
Average industry PS 0.52x



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