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STOCK COMPARISON

Marathon Petroleum vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marathon Petroleum (MPC) and Reliance Industries (RELIANCE) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Marathon Petroleum trades at $299 versus a fair value of $136 (-55%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).
Marathon Petroleum
MPC · USD · Energy
-55%
upside to fair value
overvalued
Price$299
Fair Value$136
Quality71/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-37%
upside to fair value
overvalued
Price₹1,325
Fair Value₹836
Quality50/100

Head-to-head numbers

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

Marathon PetroleumReliance Industries
Valuation
18.7×P/E (TTM)21.7×
0.61×P/S (TTM)1.66×
4.78×P/B1.95×
10.7×EV/EBITDA11.0×
1.41×PEG0.82×
1.4%Dividend yield0.5%
$3.91Dividend per share₹6.00
Profitability
3%Net margin8%
4%Operating margin10%
27%Return on equity9%
5%Return on assets4%
Growth
9%Revenue growth (YoY)13%
-9.2%Avg. growth/yr (3Y)6.4%
13.7%Avg. growth/yr (5Y)17.8%
Balance & size
1.76×Debt / equity0.30×
$83BMarket cap$184B
mixedGrowth qualityhealthy

Reliance Industries leads: 6 to 8 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.

Marathon Petroleumof which business quality 57 · market factors 90 Reliance Industriesof which business quality 50 · market factors 48
ProfitabilityMargins and returns on capital today
53
34
Quality GrowthAre margins and returns improving?
35
45
CashflowEarnings quality: real cash, not paper profit
50
49
Fin. StrengthBalance sheet, leverage, solvency risk
33
47
InvestmentDisciplined investing over empire-building
99
51
Low VolatilityCalm price path (market factor)
79
94
MomentumPrice trend over the last 3–12 months (market factor)
91
32
52W MomentumDistance to the 52-week high (market factor)
100
25
Net IssuanceBuybacks instead of dilution
100
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.

Marathon Petroleum

DCF Models$163
Earnings-Based$84.34
Dividend Discount$55.80
Multiples$250
Asset-Based$39.74
Growth DCF$162
Economic Profit$108
Growth Earnings$223

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

Reliance Industries

DCF Models₹1,178
Earnings-Based₹704
Dividend Discount₹105
Multiples₹1,133
Asset-Based₹445
Growth DCF₹1,023
Economic Profit₹714
Growth Earnings₹1,081

21 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.

Marathon Petroleum
Bear $80.06Fair Value $136Bull $209
$299 = current price (white tick)
Reliance Industries
Bear ₹596Fair Value ₹836Bull ₹1,176
₹1,325 = 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.

Marathon Petroleum · Energy

Quality score71 · Top 25%
Fair value upside-55% · bottom 25%

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-37% · below median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Marathon Petroleum trades at $299 versus a fair value of $136 (-55%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).

Marathon Petroleum has the higher quality score (71/100).

See the full analysis →
Marathon Petroleum · Reliance Industries

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