EN DE
STOCK COMPARISON

Oil Refineries vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Oil Refineries (OILRF) and Reliance Industries (RELIANCE) compare, as of Sep 1, 2026.

As of Sep 1, 2026, Fair Value Calculator sees Oil Refineries as the less overvalued of the two: Oil Refineries trades at $0.67 versus a fair value of $0.42 (-37%), while Reliance Industries trades at ₹1,277 versus ₹751 (-41%).
Oil Refineries
OILRF · USD · Energy
-37%
upside to fair value
overvalued
Price$0.67
Fair Value$0.42
Quality51/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-41%
upside to fair value
overvalued
Price₹1,277
Fair Value₹751
Quality50/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

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

Oil RefineriesReliance Industries
Valuation
33.6×P/E (TTM)21.5×
0.24×P/S (TTM)1.66×
0.84×P/B1.95×
9.3×EV/EBITDA11.0×
—PEG0.82×
1.6%Dividend yield0.5%
$0.01Dividend per share₹6.00
Profitability
1%Net margin8%
1%Operating margin10%
4%Return on equity9%
0%Return on assets4%
Growth
24%Revenue growth (YoY)13%
-16.4%Avg. growth/yr (3Y)6.4%
9.2%Avg. growth/yr (5Y)17.8%
Balance & size
0.61×Debt / equity0.30×
$1BMarket cap$184B
weakGrowth qualityhealthy

Reliance Industries leads: 5 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.

Oil Refineriesof which business quality 51 · market factors 85 Reliance Industriesof which business quality 50 · market factors 48
ProfitabilityMargins and returns on capital today
34
34
Quality GrowthAre margins and returns improving?
17
45
CashflowEarnings quality: real cash, not paper profit
35
49
Fin. StrengthBalance sheet, leverage, solvency risk
55
47
InvestmentDisciplined investing over empire-building
95
51
Low VolatilityCalm price path (market factor)
50
95
MomentumPrice trend over the last 3–12 months (market factor)
100
35
52W MomentumDistance to the 52-week high (market factor)
98
17
Net IssuanceBuybacks instead of dilution
91
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 familyOil RefineriesPrice $0.67Reliance IndustriesPrice ₹1,277
DCF Modelsn/a-32%below the price₹866
Earnings-Based-79%below the price$0.14-45%below the price₹704
Dividend Discount-77%below the price$0.16-92%below the price₹105
Multiples-60%below the price$0.27-34%below the price₹840
Asset-Based-45%below the price$0.37-65%below the price₹445
Growth DCFn/a-28%below the price₹915
Economic Profit-45%below the price$0.37-44%below the price₹714
Growth Earnings-73%below the price$0.18-29%below the price₹904
Minimum-79%below the price$0.14-92%below the price₹105
Maximum-45%below the price$0.37-28%below the price₹915
Median-66%below the price$0.23-39%below the price₹777
Geometric mean-66%below the price$0.23-54%below the price₹587

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%.

Oil Refineries: 10 of 10 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 case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Oil Refineries
Bear $0.31Fair Value $0.42Bull $0.53
$0.67 = current price (white tick)
Reliance Industries
Bear ₹486Fair Value ₹751Bull ₹1,033
₹1,277 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

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

Oil Refineries · Energy

Quality score51 · above median
Fair value upside-37% · below median

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-41% · below median

Bottom line

As of Sep 1, 2026, Fair Value Calculator sees Oil Refineries as the less overvalued of the two: Oil Refineries trades at $0.67 versus a fair value of $0.42 (-37%), while Reliance Industries trades at ₹1,277 versus ₹751 (-41%).

Oil Refineries has the higher quality score (51/100).

See the full analysis →
Oil Refineries · Reliance Industries

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Oil Refineries

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs PDD Holdings

Related to Reliance Industries

Amazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&tMeta Platforms vs NetEase
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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