Reliance Industries P/B Ratio
Reliance Industries (RELIANCE) P/B ratio is 1.96 (Moderate), book value per share ₹802.44 vs Petroleum Products average P/B of 2.22 — Moderate - Reasonably valued relative to book value. For live price, earnings yield and the full fundamental profile, see Reliance Industries share price chart.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
RELIANCE P/B Ratio — Valuation Insights & Book Value Analysis
Reliance Industries price-to-book ratio interpretation, valuation status and historical context — current P/B 1.96 (Moderate). Review RELIANCE P/E comparison to evaluate earnings-based valuation against sector peers.
- Current PB is 48.5% above historical average
- Trading at discount to sector average PB of 2.22
Reliance Industries P/B Ratio Historical Trend
RELIANCE annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View RELIANCE price range for the annual high/low range and current price position.
RELIANCE Historical P/B Ratio — Book Value Per Share & Year-End Price
Reliance Industries annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.63 | ₹802.44 | ₹1307.80 | ₹1,085,866 | Moderate |
| 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 |
RELIANCE vs Petroleum Products Peers — P/B Ratio Comparison
Reliance Industries P/B 1.96 vs Petroleum Products average 2.22, median 1.46 — range 0.09–9.58.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Omnipotent Industries | OMNIPOTENT | 0.09 | ₹2 | Low |
| GP Petroleums | GULFPETRO | 0.56 | ₹197 | Low |
| Greenhitech Ventures | GVL | 0.69 | ₹70 | Low |
| Sundrex Oil Company | SOCL | 0.77 | ₹36 | Low |
| Indian Oil Corporation | IOC | 0.91 | ₹200,070 | Low |
| Continental Petroleums | CONTPTR | 0.91 | ₹79 | Low |
| Arabian Petroleum | ARABIAN | 1.15 | ₹79 | Moderate |
| Hindustan Petroleum | HINDPETRO | 1.32 | ₹82,315 | Moderate |
| Bharat Petroleum | BPCL | 1.36 | ₹131,695 | Moderate |
| Gandhar Oil Refinery | GANDHAR | 1.36 | ₹1,886 | Moderate |