EN DE
STOCK COMPARISON

Reliance Industries vs Valero Energy: Fair Value & Quality

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

As of Aug 8, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,325 versus a fair value of ₹836 (-37%), while Valero Energy trades at $303 versus $127 (-58%).
Reliance Industries
RELIANCE.NSE · INR · Energy
-37%
upside to fair value
overvalued
Price₹1,325
Fair Value₹836
Quality50/100
Valero Energy
VLO · USD · Energy
-58%
upside to fair value
overvalued
Price$303
Fair Value$127
Quality73/100

Head-to-head numbers

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

Reliance IndustriesValero Energy
Valuation
21.7×P/E (TTM)22.6×
1.66×P/S (TTM)0.78×
1.95×P/B3.88×
11.0×EV/EBITDA10.5×
0.82×PEG4.08×
0.5%Dividend yield1.5%
₹6.00Dividend per share$4.59
Profitability
8%Net margin4%
10%Operating margin6%
9%Return on equity16%
4%Return on assets6%
Growth
13%Revenue growth (YoY)7%
6.4%Avg. growth/yr (3Y)-11.4%
17.8%Avg. growth/yr (5Y)13.6%
Balance & size
0.30×Debt / equity0.41×
$184BMarket cap$92B
healthyGrowth qualitymixed

Reliance Industries leads: 9 to 5 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.

Reliance Industriesof which business quality 50 · market factors 48 Valero Energyof which business quality 64 · market factors 89
ProfitabilityMargins and returns on capital today
34
43
Quality GrowthAre margins and returns improving?
45
36
CashflowEarnings quality: real cash, not paper profit
49
61
Fin. StrengthBalance sheet, leverage, solvency risk
47
63
InvestmentDisciplined investing over empire-building
51
100
Low VolatilityCalm price path (market factor)
94
76
MomentumPrice trend over the last 3–12 months (market factor)
32
92
52W MomentumDistance to the 52-week high (market factor)
25
98
Net IssuanceBuybacks instead of dilution
82
100

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.

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.

Valero Energy

DCF Models$302
Earnings-Based$103
Multiples$165
Asset-Based$53.53
Growth DCF$300
Economic Profit$113
Growth Earnings$143

18 of 24 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.

Reliance Industries
Bear ₹596Fair Value ₹836Bull ₹1,176
₹1,325 = current price (white tick)
Valero Energy
Bear $89.58Fair Value $127Bull $165
$303 = 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.

Reliance Industries · Energy

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

Valero Energy · Energy

Quality score73 · Top 25%
Fair value upside-58% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,325 versus a fair value of ₹836 (-37%), while Valero Energy trades at $303 versus $127 (-58%).

Valero Energy has the higher quality score (73/100).

See the full analysis →

More comparisons

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

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 21 models. Values change with price and fundamentals; the date shown above applies.