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RELIANCE COMMUNICATIONS
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE COMMUNICATIONS is -0.99.

Share Price ₹1.0Apr 30,2026
Market Cap ₹265.5 Cr
Earnings-TTM₹-267.0 CrTTM-Consolidated Results
Price/Earnings-0.99xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RELIANCE COMMUNICATIONS

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 COMMUNICATIONS is calculated as :

Current Market Cap [ ₹265.5 Cr] as on Apr 30,2026

(/) Earnings [ ₹-267.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -0.99x ]

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

Thus, for RELIANCE COMMUNICATIONS , the investors are currently willing to pay -0.99 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 COMMUNICATIONS !

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 COMMUNICATIONS over the last five years.

Historical PE (Price/Earnings) ratio chart of RELIANCE COMMUNICATIONS


PE Ratio Performance Analysis for RELIANCE COMMUNICATIONS

- RELIANCE COMMUNICATIONS 's latest p/e ratio is -0.99x.

- RELIANCE COMMUNICATIONS 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.00x.

- RELIANCE COMMUNICATIONS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE COMMUNICATIONS 's p/e ratio peaked in Mar2025 at 0x.

- RELIANCE COMMUNICATIONS 's p/e ratio hit its five-year low in Mar2025 of 0x.


How does RELIANCE COMMUNICATIONS 's P/E Ratio benchmark against top 10 peers in Telecommunication - Service Provider Industry?

Peer Comparison (Telecommunication - Service Provider Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RELIANCE COMMUNICATIONS -267.00-0.99265.5
BHARTI AIRTEL LTD36,713.4031.311,149,430.0
INDUS TOWERS LTD7,144.9015.14108,204.0
BHARTI HEXACOM LTD1,754.9043.1475,707.5
VODAFONE IDEA LTD-24,586.40-4.50110,727.0
TATA COMMUNICATIONS LTD1,006.2744.7445,022.9
TATA TELESERVICES (MAHARASHTRA) LTD-215.30-39.018,398.4
RAILTEL CORPORATION OF INDIA LTD346.3230.0010,388.8
MAHANAGAR TELEPHONE NIGAM LTD-3,630.19-0.541,964.3
HATHWAY CABLE & DATACOM LTD76.4625.511,950.7
GTL LTD-15.29-7.58115.9

Telecommunication - Service Provider Industry Benchmark (Top 10) PE Analysis vs RELIANCE COMMUNICATIONS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -39.01x
Max industry PE 44.74x
Median industry PE 15.14x
Average industry PE 12.47x



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