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STOCK COMPARISON

Saudi Aramco Base Oil Company - Luberef vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Saudi Aramco Base Oil Company - Luberef (2223) and Reliance Industries (RELIANCE) compare, as of Aug 21, 2026.

As of Aug 21, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Saudi Aramco Base Oil Company - Luberef trades at SAR 137 versus a fair value of SAR 57.65 (-58%), while Reliance Industries trades at ₹1,313 versus ₹751 (-43%).
Saudi Aramco Base Oil Company - Luberef
2223.SR · SAR · Energy
-58%
upside to fair value
overvalued
PriceSAR 137
Fair ValueSAR 57.65
Quality71/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-43%
upside to fair value
overvalued
Price₹1,313
Fair Value₹751
Quality50/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Saudi Aramco Base Oil Company - LuberefReliance Industries
Valuation
25.9×P/E (TTM)22.1×
2.30×P/S (TTM)1.66×
4.68×P/B1.95×
12.6×EV/EBITDA11.0×
PEG0.82×
2.6%Dividend yield0.5%
SAR 3.50Dividend per share₹6.00
Profitability
15%Net margin8%
22%Operating margin10%
21%Return on equity9%
7%Return on assets4%
Growth
52%Revenue growth (YoY)13%
4.3%Avg. growth/yr (3Y)6.4%
20.6%Avg. growth/yr (5Y)17.8%
Balance & size
0.14×Debt / equity0.30×
$6BMarket cap$183B
healthyGrowth qualityhealthy

Saudi Aramco Base Oil Company - Luberef leads: 8 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Saudi Aramco Base Oil Company - Luberefof which business quality 68 · market factors 87 Reliance Industriesof which business quality 50 · market factors 48
ProfitabilityMargins and returns on capital today
59
34
Quality GrowthAre margins and returns improving?
31
45
CashflowEarnings quality: real cash, not paper profit
66
49
Fin. StrengthBalance sheet, leverage, solvency risk
78
47
InvestmentDisciplined investing over empire-building
94
51
Low VolatilityCalm price path (market factor)
84
94
MomentumPrice trend over the last 3–12 months (market factor)
81
32
52W MomentumDistance to the 52-week high (market factor)
99
21
Net IssuanceBuybacks instead of dilution
82
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Saudi Aramco Base Oil Company - Luberef

DCF ModelsSAR 71.78
Earnings-BasedSAR 54.92
Dividend DiscountSAR 57.20
MultiplesSAR 56.36
Asset-BasedSAR 18.25
Growth DCFSAR 82.87
Economic ProfitSAR 49.12
Growth EarningsSAR 58.54

25 of 25 models see the stock below the current price.

Reliance Industries

DCF Models₹866
Earnings-Based₹704
Dividend Discount₹105
Multiples₹840
Asset-Based₹445
Growth DCF₹915
Economic Profit₹714
Growth Earnings₹904

25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Saudi Aramco Base Oil Company - Luberef
Bear SAR 39.89Fair Value SAR 57.65Bull SAR 76.10
SAR 137 = current price (white tick)
Reliance Industries
Bear ₹486Fair Value ₹751Bull ₹1,033
₹1,313 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Saudi Aramco Base Oil Company - Luberef · Energy

Quality score71 · Top 25%
Fair value upside-58% · bottom 25%

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-43% · below median

Bottom line

As of Aug 21, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Saudi Aramco Base Oil Company - Luberef trades at SAR 137 versus a fair value of SAR 57.65 (-58%), while Reliance Industries trades at ₹1,313 versus ₹751 (-43%).

Saudi Aramco Base Oil Company - Luberef has the higher quality score (71/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.