RELIANCE INDUSTRIES
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The Current P/E Ratio of RELIANCE INDUSTRIES is 21.76.
Share Price | ₹1,241.3 | Nov 19,2024 |
Market Cap | ₹1,679,776.8 Cr | |
Earnings-TTM | ₹77,180.0 Cr | TTM-Consolidated Results |
Price/Earnings | 21.76x | Calculated as Market Cap/Earnings |
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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 [ ₹1,679,776.8 Cr] as on Nov 19,2024
(/) Earnings [ ₹77,180.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.76x ]
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 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 Ratio | Market Cap |
---|---|---|---|
RELIANCE INDUSTRIES | 77,180.00 | 21.76 | 1,679,776.8 |
INDIAN OIL CORPORATION LTD | 15,856.00 | 11.86 | 188,024.0 |
BHARAT PETROLEUM CORPORATION LTD | 11,785.80 | 10.59 | 124,753.0 |
HINDUSTAN PETROLEUM CORPORATION LTD | 3,793.39 | 20.28 | 76,931.4 |
MANGALORE REFINERY AND PETROCHEMICALS LTD | 884.65 | 29.29 | 25,912.2 |
CHENNAI PETROLEUM CORPORATION LTD | 667.16 | 12.91 | 8,615.3 |
Refineries Industry Benchmark (Top 10) PE Analysis vs RELIANCE INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE 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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