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Nifty P/E ratio today
Nifty 50 traded at 19.27 times earnings on Friday 9 October 2026, with a price-to-book of 2.77 and a dividend yield of 1.52%. Since April 2021 its P/E has ranged from 18.92 to 33.61, with a middle value of 22.14.
Latest: 9 October 2026 · source: NSE index files
Nifty 50's P/E since April 2021
The shaded band is one standard deviation either side of the average over this period. The chart starts in April 2021 for a reason: that is when NSE began using consolidated earnings, which count the profits of subsidiaries. P/E figures from before that date were worked out on standalone earnings and are not comparable with today's.
Other indices
| Index | P/E | P/B | Dividend yield | P/E range since Apr 2021 | Middle |
|---|---|---|---|---|---|
| Nifty 50 | 19.27 | 2.77 | 1.52% | 18.9 to 33.6 | 22.1 |
| Nifty Next 50 | 17.86 | 3.27 | 1.46% | 17.1 to 44.0 | 23.1 |
| Nifty Midcap 150 | 28.05 | 3.78 | 0.98% | 21.6 to 45.8 | 30.2 |
| Nifty Smallcap 250 | 34.03 | 3.38 | 0.75% | 16.9 to 48.1 | 28.9 |
| Nifty 500 | 21.56 | 3.06 | 1.31% | 19.4 to 36.6 | 23.9 |
| Nifty Bank | 13.10 | 1.66 | 1.13% | 12.6 to 26.5 | 16.1 |
P/E by sector
| Sector index | P/E | Its middle since Apr 2021 | P/B | Dividend yield |
|---|---|---|---|---|
| Auto | 28.9 | 30.3 | 3.88 | 1.17% |
| Bank | 13.1 | 16.1 | 1.66 | 1.13% |
| Capital Goods | 43.5 | 46.6 | 8.82 | 0.60% |
| Cement | 25.1 | 28.4 | 1.92 | 0.77% |
| Chemicals | 41.9 | 44.4 | 3.68 | 0.57% |
| Commodities | 14.3 | 15.3 | 1.84 | 2.10% |
| Consumer Durables | 57.8 | 67.3 | 9.27 | 0.47% |
| Energy | 14.2 | 13.7 | 1.96 | 2.52% |
| FMCG | 31.1 | 42.0 | 7.45 | 2.57% |
| Financial Services | 15.3 | 17.8 | 2.31 | 1.00% |
| Healthcare | 41.3 | 37.5 | 5.24 | 0.51% |
| IT | 18.0 | 27.4 | 5.00 | 3.96% |
| India Consumption | 36.5 | 41.2 | 6.54 | 1.29% |
| Infrastructure | 21.4 | 21.4 | 2.55 | 1.35% |
| Media | 41.0 | 115.2 | 1.68 | 0.95% |
| Metal | 15.7 | 18.7 | 2.55 | 1.67% |
| Oil & Gas | 10.3 | 10.9 | 1.28 | 3.38% |
| PSU Bank | 7.3 | 8.4 | 1.12 | 2.57% |
| Pharma | 40.2 | 33.6 | 4.89 | 0.58% |
| Private Bank | 16.8 | 18.0 | 1.95 | 0.66% |
| Realty | 34.0 | 48.3 | 3.51 | 0.52% |
| Telecommunications | 15.1 | 15.1 | 8.10 | 1.23% |
How to read it
The P/E ratio is the index's price divided by the profits of its companies over the last four quarters. A P/E of 20 means investors are paying ₹20 for every ₹1 of yearly profit.
A P/E is only cheap or dear against something: its own history, other markets, or interest rates. The earnings yield (the P/E turned upside down) can be set beside what a deposit or a bond pays.
A low P/E does not mean the market is about to rise, and a high one can stay high for years. It says more about returns over the next several years than about the next few months.
Questions people ask
What is the Nifty P/E ratio today?
Nifty 50's P/E was 19.27 at the close on 9 October 2026, by NSE's own figures. This page updates every trading evening.
What is a good P/E ratio for Nifty?
There is no fixed good level. Since April 2021 Nifty's P/E has run from 18.9 to 33.6, with 22.1 in the middle. Readings near the low end have been cheap by that history, readings near the top dear.
Why did Nifty's P/E fall in 2021?
On 31 March 2021 NSE switched from standalone to consolidated earnings for its index P/E. Consolidated profits are larger, because they include subsidiaries, so the same price gave a lower P/E. Figures before and after are not comparable.
Is this trailing or forward P/E?
Trailing. NSE divides the index's market value by the reported earnings of the last four quarters. Forward P/E, which uses analysts' forecasts, is a different and usually lower number.
What do P/B and dividend yield tell me?
Price to book compares the price with companies' net worth, and suits banks better than P/E. Dividend yield is the yearly dividend as a percentage of the price.
Where does this data come from?
From NSE's daily index files, which carry the closing value, P/E, P/B and dividend yield of every NSE index.
Keep reading
End-of-day figures from NSE's published files, with Aurevian's arithmetic where stated. Research and information, not investment advice.