In this paper, state space representation based approach to relative stability of Linear Time Invariant (LTI) systems is discussed. Specifically, given a bound on the output, relative Bounded Input-Bounded Output (BIBO) stability of LTI systems is discussed. The bound on dominant pole is first determined using input-output description of LTI system. Using state space representation of homogeneous (no external input) LTI system, the components of state vector are upper bound. The results are applied to Continuous Time Markov Chains (i.e. homogeneous stochastic linear systems). Finally, using state space representation of arbitrary (with external input) Linear Time Invariant systems, the location of dominant pole is bounded. Using the upper bound, the location of line (parallel to imaginary-axis jω and to the left of it) is utilized for determining relative stability.