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STOCK COMPARISON

Vanguard FTSE Developed Markets Index Fund ETF Shares vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) and Reliance Industries (RELIANCE) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Vanguard FTSE Developed Markets Index Fund ETF Shares trades at A$2.65 versus a fair value of A$1.34 (-49%), while Reliance Industries trades at ₹1,335 versus ₹836 (-37%).
Vanguard FTSE Developed Markets Index Fund ETF Shares
VEA.AU · AUD · Energy
-49%
upside to fair value
overvalued
PriceA$2.65
Fair ValueA$1.34
Quality35/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-37%
upside to fair value
overvalued
Price₹1,335
Fair Value₹836
Quality50/100

Head-to-head numbers

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

Vanguard FTSE Developed Markets Index Fund ETF SharesReliance Industries
Valuation
—P/E (TTM)21.7×
0.10×P/S (TTM)1.66×
1.89×P/B1.95×
10.6×EV/EBITDA11.0×
—PEG0.82×
2.9%Dividend yield0.5%
A$0.07Dividend per share₹6.00
Profitability
-1%Net margin8%
2%Operating margin10%
-25%Return on equity9%
1%Return on assets4%
Growth
-6%Revenue growth (YoY)13%
2.6%Avg. growth/yr (3Y)6.4%
18.2%Avg. growth/yr (5Y)17.8%
Balance & size
1.57×Debt / equity0.30×
$3BMarket cap$184B
mixedGrowth qualityhealthy

Reliance Industries leads: 5 to 7 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.

Vanguard FTSE Developed Markets Index Fund ETF Sharesof which business quality 34 · market factors 72 Reliance Industriesof which business quality 50 · market factors 50
ProfitabilityMargins and returns on capital today
28
34
Quality GrowthAre margins and returns improving?
20
45
CashflowEarnings quality: real cash, not paper profit
13
49
Fin. StrengthBalance sheet, leverage, solvency risk
21
47
InvestmentDisciplined investing over empire-building
79
51
Low VolatilityCalm price path (market factor)
69
94
MomentumPrice trend over the last 3–12 months (market factor)
68
34
52W MomentumDistance to the 52-week high (market factor)
82
27
Net IssuanceBuybacks instead of dilution
71
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.

Vanguard FTSE Developed Markets Index Fund ETF Shares

DCF ModelsA$1.36
Earnings-BasedA$0.67
MultiplesA$1.39
Asset-BasedA$0.58
Growth DCFA$0.31
Economic ProfitA$0.67

12 of 12 models see the stock below the current price.

Reliance Industries

DCF Models₹866
Earnings-Based₹704
Dividend Discount₹105
Multiples₹840
Asset-Based₹445
Growth DCF₹915
Economic Profit₹714
Growth Earnings₹904

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.

Vanguard FTSE Developed Markets Index Fund ETF Shares
Bear A$0.80Fair Value A$1.34Bull A$2.32
A$2.65 = current price (white tick)
Reliance Industries
Bear ₹596Fair Value ₹836Bull ₹1,176
₹1,335 = 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.

Vanguard FTSE Developed Markets Index Fund ETF Shares · Energy

Quality score35 · bottom 25%
Fair value upside-49% · below median

Reliance Industries · Energy

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

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Vanguard FTSE Developed Markets Index Fund ETF Shares trades at A$2.65 versus a fair value of A$1.34 (-49%), while Reliance Industries trades at ₹1,335 versus ₹836 (-37%).

Reliance Industries has the higher quality score (50/100).

See the full analysis →
Vanguard FTSE Developed Markets Index Fund ETF Shares · 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.