Reliance Industries P/B Ratio
RELIANCE • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
2.11
Moderate Valuation
High - Premium to book value, growth expectations or asset-light model
Current Valuation Metrics
P/B Ratio
2.11
Current Price
₹1350.20
Book Value/Share
₹746.10
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹1,009,626 Cr
Share Capital
₹13,532 Cr
Reserves & Surplus
₹829,668 Cr
Outstanding Shares
13,532,000,000
Book Value per Share
₹746.10
Valuation Signal
Signal
Fairly Valued
Historical Avg
1.18
Historical Range
0.89 - 2.1
Percentile
100.0%
Sector Context
Sector Average
2.37
Sector Median
1.3
Sector Rank
#11 of 21
Sector Percentile
52.4%
Key P/B Ratio Insights for Reliance Industries
- Current PB is 79.4% above historical average
- Trading at discount to sector average PB of 2.37
P/B Ratio Historical Trend for Reliance Industries
Historical P/B ratio trend based on balance sheet data. P/B below 1.0 may indicate undervaluation, while higher ratios suggest growth expectations or asset-light business models.
Related Pages for Reliance Industries
Additional stock information and data for RELIANCE
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 2.1 | ₹746.1 | ₹1570.40 | ₹1,009,626 | Moderate |
| 2024 | 0.89 | ₹1368.29 | ₹1215.45 | ₹925,788 | Low |
| 2023 | 1.06 | ₹1225.07 | ₹1292.50 | ₹828,881 | Moderate |
| 2022 | 0.92 | ₹1314.09 | ₹1214.00 | ₹888,984 | Low |
| 2021 | 0.91 | ₹1240.39 | ₹1128.65 | ₹799,432 | Low |
Sector P/B Ratio Comparison
Comparing Reliance Industries with other companies in Petroleum Products sector
Sector Average
2.37
Sector Median
1.3
Lowest P/B
0.13
Highest P/B
9.26
Companies
21
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Omnipotent Industries | OMNIPOTENT | 0.13 | ₹2 | Low |
| GP Petroleums | GULFPETRO | 0.41 | ₹142 | Low |
| Gandhar Oil Refinery | GANDHAR | 0.96 | ₹1,233 | Low |
| Indian Oil Corporation | IOC | 0.97 | ₹189,408 | Low |
| Continental Petroleums | CONTPTR | 1.0 | ₹79 | Moderate |
| Greenhitech Ventures | GVL | 1.18 | ₹116 | Moderate |
| Panama Petrochem | PANAMAPET | 1.21 | ₹1,596 | Moderate |
| Hindustan Petroleum | HINDPETRO | 1.22 | ₹69,367 | Moderate |
| Savita Oil Technologies | SOTL | 1.24 | ₹2,157 | Moderate |
| Arabian Petroleum | ARABIAN | 1.25 | ₹73 | Moderate |