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At $200-billion market capitalisation, Reliance Industries isn't like FAANG

Morgan Stanley analysed how the Mukesh Ambani-led firm stacked up against eight global firms when they crossed the $200-billion milestone

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RIL’s one-year forward revenues for the digital and retail businesses are much lower than what Amazon, Apple or Walmart had when they crossed $200-billion valuation mark | Photo: Bloomberg

Samie Modak Mumbai

2 min read Last Updated : Sep 13 2020 | 7:52 PM IST

Last week, Reliance Industries (RIL) achieved the coveted milestone of crossing $200 billion in market capitalisation. There are less than 50 firms globally which are valued at more than $200 billion.

Morgan Stanley analysed how the Mukesh Ambani-led firm stacked up against eight global firms when they crossed the $200-billion milestone.

For instance, when video-streaming company Netflix crossed $200 billion in market cap in June, it had one-year forward revenues of $29 billion, against $83 billion for RIL ($41 billion excluding energy business). Its price-to-earnings (P/E) multiple was 52x compared to 28x for RIL (ex-energy). All other tech gaints Amazon, Tencent, and

Topics : Google Reliance Industries Mukesh Ambani FAANG stocks Amazon Facebook Microsoft Netflix Alphabet Tencent Holdings Tech firms big tech stocks Apple

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