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STOCK COMPARISON

Rabigh Refining & Petrochemical vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Rabigh Refining & Petrochemical (2380) and Reliance Industries (RELIANCE) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Rabigh Refining & Petrochemical trades at SAR 17.59 versus a fair value of SAR 5.19 (-70%), while Reliance Industries trades at ₹1,219 versus ₹865 (-29%).
Rabigh Refining & Petrochemical
2380.SR · SAR · Energy
-70%
upside to fair value
overvalued
PriceSAR 17.59
Fair ValueSAR 5.19
Quality29/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-29%
upside to fair value
overvalued
Price₹1,219
Fair Value₹865
Quality50/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Rabigh Refining & PetrochemicalReliance Industries
Valuation
n/aP/E (TTM)20.4×
0.23×P/S (TTM)1.56×
0.67×P/B1.83×
11.3×EV/EBITDA10.4×
n/aPEG0.82×
−70.5%Fair value upside−29.0%
n/aDividend yield0.5%
n/aDividend per share₹6.00
Profitability
12%Operating margin10%
n/aEBIT margin trend (5Y)0.99×
-14%Return on equity9%
-0%Return on assets4%
Growth
32%Revenue growth (YoY)13%
-14.5%Avg. growth/yr (3Y)6.4%
9.9%Avg. growth/yr (5Y)17.8%
n/aValue creation/yr+10.2%
Balance & size
n/aInterest coverage (EBIT/interest)4.5×
1.07×Debt / equity0.30×
$9BMarket cap$172B
weakGrowth qualityhealthy

Reliance Industries leads: 3 to 7 metric wins.

n/a = 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.

Rabigh Refining & Petrochemicalof which business quality 27 · market factors 87 Reliance Industriesof which business quality 50 · market factors 45
ProfitabilityMargins and returns on capital today
8
34
Quality GrowthAre margins and returns improving?
32
45
CashflowEarnings quality: real cash, not paper profit
11
49
Fin. StrengthBalance sheet, leverage, solvency risk
16
47
InvestmentDisciplined investing over empire-building
84
51
Low VolatilityCalm price path (market factor)
62
94
MomentumPrice trend over the last 3–12 months (market factor)
97
32
52W MomentumDistance to the 52-week high (market factor)
96
11
Net IssuanceShare count: buybacks or dilution?
49
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyRabigh Refining & PetrochemicalPrice SAR 17.59Reliance IndustriesPrice ₹1,219
DCF Modelsn/a-21%below the price₹961
Earnings-Basedn/a-44%below the price₹685
Dividend Discountn/a-92%below the price₹96.77
Multiplesn/a-31%below the price₹840
Asset-Based-70%below the priceSAR 5.22-63%below the price₹445
Growth DCFn/a-12%close to the price₹1,073
Economic Profitn/a-46%below the price₹655
Growth Earningsn/a-26%below the price₹904
Minimum-70%below the priceSAR 5.22-92%below the price₹96.77
Maximum-70%below the priceSAR 5.22-12%close to the price₹1,073
Median-70%below the priceSAR 5.22-37%below the price₹763
Geometric mean-70%below the priceSAR 5.22-51%below the price₹592

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Rabigh Refining & Petrochemical: 1 of 1 models see the stock below the current price.

Reliance Industries: 25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Rabigh Refining & Petrochemical
Price SAR 17.59
Fair Value SAR 5.19
Bear SAR 3.87Bull SAR 7.74
Reliance Industries
Price ₹1,219
Fair Value ₹865
Bear ₹489Bull ₹1,176

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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.

Rabigh Refining & Petrochemical · Energy

Quality score29 · bottom 25%
Fair value upside-70% · bottom 25%

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-29% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Rabigh Refining & Petrochemical trades at SAR 17.59 versus a fair value of SAR 5.19 (-70%), while Reliance Industries trades at ₹1,219 versus ₹865 (-29%).

Reliance Industries has the higher quality score (50/100).

Open Reliance Industries live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.