Reliance Industries (CHIX:RIGDL) EV-to-EBIT: 13.77 (As of Aug. 11, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:RIGDL Reliance Industries Ltd CHIX:RIGDL
83 GF Score
Price $55.10
GF Value $69.43
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Reliance Industries EV-to-EBIT?

Reliance Industries CHIX:RIGDL -1.43% 83 EV-to-EBIT is 13.77 as of Aug. 11, 2026, which is 3% below its 10-year median of 14.21. GuruFocus rates CHIX:RIGDL with a GF Score™ of 83/100 and a GF Value™ of $69.43 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 702 Oil & Gas companies, Reliance Industries ranks worse than 62.96% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Reliance Industries's Enterprise Value is $218,195 Mil. Reliance Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $15,846 Mil. Therefore, Reliance Industries's EV-to-EBIT for today is 13.77.

The historical rank and industry rank for Reliance Industries's EV-to-EBIT or its related term are showing as below:

CHIX:RIGDl' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.2   Med: 14.21   Max: 22.49
Current: 14.36

During the past 13 years, the highest EV-to-EBIT of Reliance Industries was 22.49. The lowest was 6.20. And the median was 14.21.

CHIX:RIGDl's EV-to-EBIT is ranked worse than
62.96% of 702 companies
in the Oil & Gas industry
Industry Median: 11.54 vs CHIX:RIGDl: 14.36

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Reliance Industries's Enterprise Value for the quarter that ended in Jun. 2026 was $187,086 Mil. Reliance Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $15,846 Mil. Reliance Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8.47%.


Reliance Industries  (CHIX:RIGDl) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Reliance Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=15846.239/187086.4254
=8.47 %

Reliance Industries's Enterprise Value for the quarter that ended in Jun. 2026 was $187,086 Mil.
Reliance Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,846 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Reliance Industries EV-to-EBIT Related Terms


Reliance Industries EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Reliance Industries's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Reliance Industries EV-to-EBIT Chart

Reliance Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.50 15.41 18.06 15.79 14.41

Reliance Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.97 14.30 14.01 14.41 12.07

CHIX:RIGDL vs MPC, VLO, PSX: EV-to-EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Reliance Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Reliance Industries EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reliance Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Reliance Industries's EV-to-EBIT falls into.


CHIX:RIGDL
83GF Score
Reliance Industries Ltd CHIX:RIGDL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reliance Industries EV-to-EBIT Calculation

Reliance Industries's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=218194.652/15846.239
=13.77

Reliance Industries's current Enterprise Value is $218,195 Mil.
Reliance Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,846 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 13.77 mean?
Reliance Industries (CHIX:RIGDL) has a EV-to-EBIT of 13.77 as of Aug. 11, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Reliance Industries and its competitors. This is near median its historical median of 14.21. Over the past decade, Reliance Industries' EV-to-EBIT has ranged from 6.20 to 22.49. According to the industry distribution chart, Reliance Industries ranks #442 out of 702 companies in the Oil & Gas industry, placing it in the top 63%.
Is Reliance Industries' EV-to-EBIT too high?
Reliance Industries' current EV-to-EBIT of 13.77 is near median its 10-year median of 14.21. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 22.49. The Oil & Gas industry median EV-to-EBIT is 11.54. Reliance Industries' value of 13.77 is 19.3% above this industry median. Based on the distribution chart, Reliance Industries ranks #442 out of 702 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Reliance Industries has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Industries' EV-to-EBIT compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Reliance Industries ranks #442 out of 702 companies for EV-to-EBIT. This places Reliance Industries in the lower half of its industry. The industry median EV-to-EBIT is 11.54. Reliance Industries' value of 13.77 is 19.3% above this benchmark. Historically, Reliance Industries' own EV-to-EBIT has ranged from 6.20 to 22.49 over the past decade. While the company's 10-year median is 14.21 vs. the industry median of 11.54, Reliance Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.54, based on 702 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reliance Industries's current EV-to-EBIT of 13.77 is 19.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Reliance Industries and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Industries's current EV-to-EBIT is 13.77, which is near median its own 10-year median of 14.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Industries stock overvalued right now?
Based on GuruFocus' analysis, Reliance Industries (CHIX:RIGDL) is currently considered Modestly Undervalued. The stock's GF Value™ is $69.43, compared to a current price of $55.10 — trading 20.6% below its estimated fair value. The current EV-to-EBIT is 13.77, which is near median its 10-year median of 14.21 and 19.3% above the Oil & Gas industry median of 11.54. Reliance Industries' overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Reliance Industries (CHIX:RIGDL), the current EV-to-EBIT is 13.77 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Reliance Industries (CHIX:RIGDL) Overvalued in 2026?

Based on GuruFocus' analysis, Reliance Industries stock appears to be undervalued. The current stock price of $55.10 is trading 20.6% below its estimated GF Value™ of $69.43. GuruFocus considers Reliance Industries to be Modestly Undervalued.

Key valuation signals for CHIX:RIGDL:

  • EV-to-EBIT: 13.77 (near median its 10-year median of 14.21)
  • GF Value™: $69.43 vs. price of $55.10 (20.6% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 19.3% above the Oil & Gas median (#442 of 702)

No single metric tells the full story. See the CHIX:RIGDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reliance Industries Business Description

Industry EnergyOil & Gas
Address 222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The company has five principal operating and reporting segments: Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and other services. Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment, which derives the majority of revenue, includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
83GF Score

Get the complete analysis for CHIX:RIGDL

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$55.10
Price
$69.43
GF Value