indexPe

Nifty PSE PE Ratio

Fairly ValuedThematicNSELast updated: 21 Jul 2026
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Current PE Ratio
10.20
5Y Median PE
9.83
vs 5Y Median
+3.76%

The Nifty PSE PE ratio is 10.20 as of 21 July 2026, about 4% above its 5-year median of 9.83, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history11.29-9.65%
15 Years10.84-5.90%
10 Years10.50-2.86%
7 Years9.62+6.03%
5 Years9.83+3.76%
3 Years11.39-10.41%
1 Year11.27-9.45%

Historical PE Ratio

Performance and risk

1Y total return
+0.86%
5Y total return (p.a.)
+25.78%
Volatility (1Y std dev)
15.65%
Beta vs Nifty 50 (1Y)
0.81

1-year holding windows since 2000 returned a median of +12.99% (best +179.21%, worst -53.37%).

Today's PE of 10.12 sits in band 2 of 5 of this index's history (PE 8.6 to 10.4). From this band, 5-year forward returns had a median of +27.34% a year and were positive in 100% of windows (1,125 windows since 2000).

View full performance and risk

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

Stocks in the Nifty PSE

The Nifty PSE contains 20 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (33.7%) and Power (26.6%).

Oil, Gas & Consumable Fuels: 33.7%Power: 26.6%Capital Goods: 23.5%Financial Services: 10.1%Metals & Mining: 2.4%Services: 1.3%+2 more sectors
SymbolCompanyIndustryWeight(%)
NTPCNTPC Ltd.Power13.66
BELBharat Electronics Ltd.Capital Goods11.92
POWERGRIDPower Grid Corporation of India Ltd.Power10.48
COALINDIACoal India Ltd.Oil Gas & Consumable Fuels8.50
ONGCOil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels7.37
HALHindustan Aeronautics Ltd.Capital Goods6.72
PFCPower Finance Corporation Ltd.Financial Services4.99
BPCLBharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels4.97
BHELBharat Heavy Electricals Ltd.Capital Goods4.88
IOCIndian Oil Corporation Ltd.Oil Gas & Consumable Fuels4.21
CONCORContainer Corporation of India Ltd.Services
GAILGAIL (India) Ltd.Oil Gas & Consumable Fuels
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
IRCTCIndian Railway Catering And Tourism Corporation Ltd.Consumer Services
IRFCIndian Railway Finance Corporation Ltd.Financial Services
NHPCNHPC Ltd.Power
NMDCNMDC Ltd.Metals & Mining
OILOil India Ltd.Oil Gas & Consumable Fuels
RECLTDREC Ltd.Financial Services
RVNLRail Vikas Nigam Ltd.Construction

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 PSE PE ratio?

As of 21 July 2026, the Nifty PSE PE ratio is 10.20. That is about 4% above its 5-year median of 9.83 and about 9% below its 1-year median of 11.27.

Is the Nifty PSE undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 10.20 compares with its historical medians: 1-year (11.27), 3-year (11.39), 5-year (9.83), 7-year (9.62), 10-year (10.50), 15-year (10.84) and full-history (11.29).

What is a normal PE ratio for the Nifty PSE?

Over the past five years its median PE has been 9.83, and over the past three years 11.39. Today's 10.20 is toward the lower end of that historical range.

How many stocks are in the Nifty PSE?

The Nifty PSE contains 20 stocks. By number of companies, its largest sectors are Oil Gas & Consumable Fuels (7 stocks), Capital Goods (3 stocks) and Financial Services (3 stocks).

What returns has the Nifty PSE delivered?

As of June 2026, the Nifty PSE total return (with dividends reinvested) is +0.86% over the past year and +25.78% 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 PSE?

Over the year to June 2026, the Nifty PSE had an annualized volatility (standard deviation of daily returns) of 15.65%. Its beta versus the Nifty 50 is 0.81, meaning it has moved less than the broad market.

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

Across every one-year holding window since 2000, the Nifty PSE total return has a median of +12.99%, with the best window at +179.21% and the worst at -53.37%. 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 PSE currently trades at a PE of 10.12, in band 2 of 5 of its own PE history. Across 1,125 overlapping 5-year windows since 2000 that began in this band, the median forward return was +27.34% a year, positive in 100% of windows. A past distribution, not a prediction.

Last updated: 21 July 2026.