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RELIANCE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE INDUSTRIES is 21.76.

Share Price ₹1,241.3Nov 19,2024
Market Cap ₹1,679,776.8 Cr
Earnings-TTM₹77,180.0 CrTTM-Consolidated Results
Price/Earnings21.76xCalculated 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 [ ₹1,679,776.8 Cr] as on Nov 19,2024

(/) Earnings [ ₹77,180.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.76x ]

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 21.76 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 21.76x.

- RELIANCE INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 25.19x.

- RELIANCE INDUSTRIES 's operated at median p/e ratio of 26.28x 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 Mar2020 of 17.75x.


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 77,180.0021.761,679,776.8
INDIAN OIL CORPORATION LTD15,856.0011.86188,024.0
BHARAT PETROLEUM CORPORATION LTD11,785.8010.59124,753.0
HINDUSTAN PETROLEUM CORPORATION LTD3,793.3920.2876,931.4
MANGALORE REFINERY AND PETROCHEMICALS LTD884.6529.2925,912.2
CHENNAI PETROLEUM CORPORATION LTD667.1612.918,615.3

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

Top 10 Industry PeersPE Ratio
Min industry PE 10.59x
Max industry PE 29.29x
Median industry PE 20.28x
Average industry PE 17.78x



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