Reliance Industries (LSE:RIGD) Forward PE Ratio : 0.00 (As of Jun. 09, 2024)

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What is Reliance Industries Forward PE Ratio?

Reliance Industries's Forward PE Ratio for today is 0.00.

Reliance Industries's PE Ratio without NRI for today is 28.57.

Reliance Industries's PE Ratio for today is 28.57.

Reliance Industries Forward PE Ratio Historical Data

The historical data trend for Reliance Industries's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Reliance Industries Forward PE Ratio Chart

Reliance Industries Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-01

Forward PE Ratio

13.04

14.27

16.03

13.83

14.93

23.42

22.52

21.01

20.20

Reliance Industries Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12
Forward PE Ratio	13.04	10.72	9.97	11.42	14.27	22.08	23.09	17.79	16.03	13.79	14.22	17.92	13.83	15.27	18.15	19.23	14.93	10.74	23.98	30.03	23.42	24.45	25.13	30.30	22.52	24.57	20.66	21.28	21.01

Competitive Comparison of Reliance Industries's Forward PE Ratio

For the Oil & Gas Refining & Marketing subindustry, Reliance Industries's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reliance Industries's Forward PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reliance Industries's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Reliance Industries's Forward PE Ratio falls into.

Reliance Industries Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Reliance Industries (LSE:RIGD) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Reliance Industries Forward PE Ratio Related Terms

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Reliance Industries (LSE:RIGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reliance Industries Ltd (LSE:RIGD) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

RELIANCE:India 500325:India RIGDl:UK RLI:Germany

Address

222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website

https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

Reliance Industries (LSE:RIGD) Headlines

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