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STOCK COMPARISON

Phillips 66 vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Phillips 66 (PSX) 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: Phillips 66 trades at $206 versus a fair value of $101 (-51%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).
Phillips 66
PSX · USD · Energy
-51%
upside to fair value
overvalued
Price$206
Fair Value$101
Quality70/100
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).

Phillips 66Reliance Industries
Valuation
19.9×P/E (TTM)21.7×
0.59×P/S (TTM)1.66×
2.70×P/B1.95×
13.7×EV/EBITDA11.0×
1.17×PEG0.82×
2.4%Dividend yield0.5%
$4.87Dividend per share₹6.00
Profitability
3%Net margin8%
1%Operating margin10%
15%Return on equity9%
4%Return on assets4%
Growth
7%Revenue growth (YoY)13%
-8.1%Avg. growth/yr (3Y)6.4%
15.7%Avg. growth/yr (5Y)17.8%
Balance & size
0.64×Debt / equity0.30×
$79BMarket cap$184B
mixedGrowth qualityhealthy

Reliance Industries leads: 5 to 9 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.

Phillips 66of which business quality 58 · market factors 88 Reliance Industriesof which business quality 50 · market factors 48
ProfitabilityMargins and returns on capital today
49
34
Quality GrowthAre margins and returns improving?
46
45
CashflowEarnings quality: real cash, not paper profit
31
49
Fin. StrengthBalance sheet, leverage, solvency risk
50
47
InvestmentDisciplined investing over empire-building
100
51
Low VolatilityCalm price path (market factor)
76
94
MomentumPrice trend over the last 3–12 months (market factor)
89
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.

Phillips 66

DCF Models$99.01
Earnings-Based$72.82
Multiples$181
Asset-Based$48.62
Growth DCF$56.79
Economic Profit$62.40
Growth Earnings$166

21 of 22 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.

Phillips 66
Bear $77.12Fair Value $101Bull $154
$206 = 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.

Phillips 66 · Energy

Quality score70 · Top 25%
Fair value upside-51% · below median

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: Phillips 66 trades at $206 versus a fair value of $101 (-51%), while Reliance Industries trades at ₹1,325 versus ₹836 (-37%).

Phillips 66 has the higher quality score (70/100).

See the full analysis →
Phillips 66 · 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.