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STOCK COMPARISON

Neste Oil Oyj vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Neste Oil Oyj (NESTE) 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: Neste Oil Oyj trades at €28.41 versus a fair value of €8.14 (-71%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).
Neste Oil Oyj
NESTE.HE · EUR · Energy
-71%
upside to fair value
overvalued
Price€28.41
Fair Value€8.14
Quality63/100
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).

Neste Oil OyjReliance Industries
Valuation
33.0×P/E (TTM)21.7×
1.42×P/S (TTM)1.66×
3.72×P/B1.95×
16.3×EV/EBITDA11.0×
0.32×PEG0.82×
0.7%Dividend yield0.5%
€0.20Dividend per share₹6.00
Profitability
4%Net margin8%
13%Operating margin10%
10%Return on equity9%
4%Return on assets4%
Growth
3%Revenue growth (YoY)13%
-9.6%Avg. growth/yr (3Y)6.4%
10.1%Avg. growth/yr (5Y)17.8%
Balance & size
0.54×Debt / equity0.30×
$27BMarket 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.

Neste Oil Oyjof which business quality 54 · market factors 77 Reliance Industriesof which business quality 50 · market factors 48
ProfitabilityMargins and returns on capital today
33
34
Quality GrowthAre margins and returns improving?
29
45
CashflowEarnings quality: real cash, not paper profit
48
49
Fin. StrengthBalance sheet, leverage, solvency risk
58
47
InvestmentDisciplined investing over empire-building
92
51
Low VolatilityCalm price path (market factor)
68
94
MomentumPrice trend over the last 3–12 months (market factor)
75
32
52W MomentumDistance to the 52-week high (market factor)
92
25
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.

Neste Oil Oyj

DCF Models€8.64
Earnings-Based€3.01
Dividend Discount€3.10
Multiples€4.39
Asset-Based€6.38
Growth DCF€10.57
Economic Profit€4.76
Growth Earnings€3.10

24 of 24 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.

Neste Oil Oyj
Bear €4.78Fair Value €8.14Bull €11.20
€28.41 = 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.

Neste Oil Oyj · Energy

Quality score63 · Top 25%
Fair value upside-71% · 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: Neste Oil Oyj trades at €28.41 versus a fair value of €8.14 (-71%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).

Neste Oil Oyj has the higher quality score (63/100).

See the full analysis →
Neste Oil Oyj · 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.