indexPe

Nifty Commodities PE Ratio

Fairly ValuedThematicNSELast updated: 21 Jul 2026
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Current PE Ratio
14.41
5Y Median PE
15.29
vs 5Y Median
-5.72%

The Nifty Commodities PE ratio is 14.41 as of 21 July 2026, about 6% below its 5-year median of 15.29, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history15.14-4.82%
10 Years16.17-10.88%
7 Years15.28-5.69%
5 Years15.29-5.72%
3 Years16.98-15.14%
1 Year16.68-13.58%

Historical PE Ratio

Performance and risk

1Y total return
+10.84%
5Y total return (p.a.)
+15.16%
Volatility (1Y std dev)
15.93%
Beta vs Nifty 50 (1Y)
0.97

1-year holding windows since 2004 returned a median of +11.49% (best +138.95%, worst -60.32%).

Today's PE of 14.22 sits in band 2 of 5 of this index's history (PE 13.3 to 14.6). From this band, 5-year forward returns had a median of +13.05% a year and were positive in 98% of windows (578 windows since 2011).

View full performance and risk

Returns as of June 2026, from the NSE factsheet for the Nifty Commodities. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty Commodities

The Nifty Commodities contains 30 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (27.6%) and Metals & Mining (24.9%).

Oil, Gas & Consumable Fuels: 27.6%Metals & Mining: 24.9%Power: 24.6%Construction Materials: 14.7%Chemicals: 6.7%Capital Goods: 1.5%
SymbolCompanyIndustryWeight(%)
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels10.00
NTPCNTPC Ltd.Power8.01
TATASTEELTata Steel Ltd.Metals & Mining7.37
HINDALCOHindalco Industries Ltd.Metals & Mining6.56
ULTRACEMCOUltraTech Cement Ltd.Construction Materials6.31
GRASIMGrasim Industries Ltd.Construction Materials5.54
JSWSTEELJSW Steel Ltd.Metals & Mining5.45
COALINDIACoal India Ltd.Oil Gas & Consumable Fuels4.98
ADANIPOWERAdani Power Ltd.Power4.40
ONGCOil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels4.32
APLAPOLLOAPL Apollo Tubes Ltd.Capital Goods
ADANIENSOLAdani Energy Solutions Ltd.Power
ADANIGREENAdani Green Energy Ltd.Power
AMBUJACEMAmbuja Cements Ltd.Construction Materials
BPCLBharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
IOCIndian Oil Corporation Ltd.Oil Gas & Consumable Fuels
JSWENERGYJSW Energy Ltd.Power
JINDALSTELJindal Steel Ltd.Metals & Mining
NHPCNHPC Ltd.Power
NMDCNMDC Ltd.Metals & Mining
OILOil India Ltd.Oil Gas & Consumable Fuels
PIINDPI Industries Ltd.Chemicals
PIDILITINDPidilite Industries Ltd.Chemicals
SRFSRF Ltd.Chemicals
SHREECEMShree Cement Ltd.Construction Materials
TATAPOWERTata Power Co. Ltd.Power
TORNTPOWERTorrent Power Ltd.Power
UPLUPL Ltd.Chemicals
VEDLVedanta Ltd.Metals & Mining

Constituent list as of 13 July 2026, sourced from NSE Indices. Weights as of 30 June 2026, from the NSE factsheet.

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Frequently Asked Questions

What is the current Nifty Commodities PE ratio?

As of 21 July 2026, the Nifty Commodities PE ratio is 14.41. That is about 6% below its 5-year median of 15.29 and about 14% below its 1-year median of 16.68.

Is the Nifty Commodities undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 14.41 sits below every median window: 1-year (16.68), 3-year (16.98), 5-year (15.29), 7-year (15.28), 10-year (16.17) and full-history (15.14).

What is a normal PE ratio for the Nifty Commodities?

Over the past five years its median PE has been 15.29, and over the past three years 16.98. Today's 14.41 is toward the lower end of that historical range.

How many stocks are in the Nifty Commodities?

The Nifty Commodities contains 30 stocks. By number of companies, its largest sectors are Power (8 stocks), Oil Gas & Consumable Fuels (7 stocks) and Metals & Mining (6 stocks).

What returns has the Nifty Commodities delivered?

As of June 2026, the Nifty Commodities total return (with dividends reinvested) is +10.84% over the past year and +15.16% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.

How volatile is the Nifty Commodities?

Over the year to June 2026, the Nifty Commodities had an annualized volatility (standard deviation of daily returns) of 15.93%. Its beta versus the Nifty 50 is 0.97, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the Nifty Commodities?

Across every one-year holding window since 2004, the Nifty Commodities total return has a median of +11.49%, with the best window at +138.95% and the worst at -60.32%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

What have 5-year returns been from PE levels like today's?

The Nifty Commodities currently trades at a PE of 14.22, in band 2 of 5 of its own PE history. Across 578 overlapping 5-year windows since 2011 that began in this band, the median forward return was +13.05% a year, positive in 98% of windows. A past distribution, not a prediction.

Last updated: 21 July 2026.