P/E ratio for Reliance Industries (RELIANCE.NS)
P/E ratio as of April 2024 (TTM): 28.6
According to Reliance Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.5661. At the end of 2022 the company had a P/E ratio of 27.1.
P/E ratio history for Reliance Industries from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.1 | 1.36% |
| 2021 | 26.7 | -11.67% |
| 2020 | 30.2 | 43.13% |
| 2019 | 21.1 | 22.99% |
| 2018 | 17.2 | 10.73% |
| 2017 | 15.5 | 41.08% |
| 2016 | 11.0 | 6.79% |
| 2015 | 10.3 | -9.33% |
| 2014 | 11.4 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.