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STOCK COMPARISON

Marathon Petroleum vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marathon Petroleum (MPC) and Reliance Industries (RELIANCE) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Marathon Petroleum trades at $388 versus a fair value of $133 (-66%), while Reliance Industries trades at ₹1,322 versus ₹751 (-43%).
Marathon Petroleum
MPC · USD · Energy
-66%
upside to fair value
overvalued
Price$388
Fair Value$133
Quality61/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-43%
upside to fair value
overvalued
Price₹1,322
Fair Value₹751
Quality50/100
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Head-to-head numbers

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

Marathon PetroleumReliance Industries
Valuation
18.7×P/E (TTM)22.3×
0.61×P/S (TTM)1.66×
4.78×P/B1.95×
10.7×EV/EBITDA11.0×
1.41×PEG0.82×
−65.6%Fair value upside−43.2%
1.0%Dividend yield0.5%
$3.91Dividend per share₹6.00
Profitability
4%Operating margin10%
—EBIT margin trend (5Y)0.99×
27%Return on equity9%
5%Return on assets4%
Growth
9%Revenue growth (YoY)13%
-9.2%Avg. growth/yr (3Y)6.4%
13.7%Avg. growth/yr (5Y)17.8%
+10.1%Value creation/yr+10.2%
Balance & size
4.1×Interest coverage (EBIT/interest)4.5×
1.76×Debt / equity0.30×
$83BMarket cap$186B
weakGrowth qualityhealthy

Reliance Industries leads: 5 to 10 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.

Marathon Petroleumof which business quality 57 · market factors 93 Reliance Industriesof which business quality 50 · market factors 51
ProfitabilityMargins and returns on capital today
53
34
Quality GrowthAre margins and returns improving?
35
45
CashflowEarnings quality: real cash, not paper profit
50
49
Fin. StrengthBalance sheet, leverage, solvency risk
33
47
InvestmentDisciplined investing over empire-building
99
51
Low VolatilityCalm price path (market factor)
78
94
MomentumPrice trend over the last 3–12 months (market factor)
100
39
52W MomentumDistance to the 52-week high (market factor)
100
25
Net IssuanceBuybacks instead of dilution
100
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 familyMarathon PetroleumPrice $388Reliance IndustriesPrice ₹1,322
DCF Models-69%below the price$120-35%below the price₹866
Earnings-Based-78%below the price$84.34-47%below the price₹704
Dividend Discount-86%below the price$55.80-92%below the price₹105
Multiples-65%below the price$136-36%below the price₹840
Asset-Based-90%below the price$39.74-66%below the price₹445
Growth DCF-58%below the price$162-31%below the price₹915
Economic Profit-72%below the price$108-46%below the price₹714
Growth Earnings-58%below the price$161-32%below the price₹904
Minimum-90%below the price$39.74-92%below the price₹105
Maximum-58%below the price$162-31%below the price₹915
Median-71%below the price$114-41%below the price₹777
Geometric mean-75%below the price$98.02-56%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%.

Marathon Petroleum: 25 of 25 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.

Marathon Petroleum
Bear $74.68Fair Value $133Bull $209
$388 = current price (white tick)
Reliance Industries
Bear ₹486Fair Value ₹751Bull ₹1,033
₹1,322 = 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.

Marathon Petroleum · Energy

Quality score61 · Top 25%
Fair value upside-66% · bottom 25%

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-43% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Marathon Petroleum trades at $388 versus a fair value of $133 (-66%), while Reliance Industries trades at ₹1,322 versus ₹751 (-43%).

Marathon Petroleum has the higher quality score (61/100).

See the full analysis →
Marathon Petroleum · Reliance Industries

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