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 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,310 versus a fair value of ₹751 (-43%), while Valero Energy trades at $343 versus $127 (-63%).
Reliance Industries
RELIANCE.NSE · INR · Energy
-43%
upside to fair value
overvalued
Price₹1,310
Fair Value₹751
Quality50/100
Valero Energy
VLO · USD · Energy
-63%
upside to fair value
overvalued
Price$343
Fair Value$127
Quality66/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Reliance IndustriesValero Energy
Valuation
22.1×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 49Valero Energyof which business quality 64 · market factors 93
ProfitabilityMargins and returns on capital today
34
43
Quality GrowthAre margins and returns improving?
45
36
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
51
100
Low VolatilityCalm price path (market factor)
94
75
MomentumPrice trend over the last 3–12 months (market factor)
34
100
52W MomentumDistance to the 52-week high (market factor)
23
100
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₹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.
Valero Energy
DCF Models$240
Earnings-Based$103
Multiples$134
Asset-Based$53.53
Growth DCF$300
Economic Profit$113
Growth Earnings$119
21 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 ₹486Fair Value ₹751Bull ₹1,033
₹1,310 = current price (white tick)
Valero Energy
Bear $89.58Fair Value $127Bull $165
$343 = 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.
Reliance Industries · Energy
Quality score50 · above median
Fair value upside-43% · below median
Valero Energy · Energy
Quality score66 · Top 25%
Fair value upside-63% · bottom 25%
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Reliance Industries as the less overvalued of the two: Reliance Industries trades at ₹1,310 versus a fair value of ₹751 (-43%), while Valero Energy trades at $343 versus $127 (-63%).
Valero Energy has the higher quality score (66/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
