Market Valuations

Where index P/E, P/B and dividend yield stand against their own history.

Nifty Next 50 now trades below the Nifty 50 on P/E
13 Oct 2026
On 12 October 2026 the Nifty Next 50's P/E was 17.9 against 19.1 for the Nifty 50, a gap of −1.2 points. The gap since 1999, from −12 to +71.
Market Valuations
Insurance, NBFC and housing finance indices since June
11 Oct 2026
Four NSE financial indices fell 3% to 8% from 15 June to 9 October 2026, yet their P/Es dropped far more, as earnings caught up. Prices, P/E and P/B.
Market ValuationsSectors
Microcap 250 vs smallcap and midcap indices, October 2026
11 Oct 2026
The Nifty Microcap 250 rose 9.3% in a year to 9 October 2026 and 19.4% a year over five, ahead of smallcap and midcap. One index fund tracks it.
Fund ReturnsMarket Valuations
REIT and InvIT index: shallow falls, 6.6% yield
11 Oct 2026
The Nifty REITs & InvITs index rose 3.7% in the year to 9 October 2026 and 12.7% a year over three, with a worst fall of 7.8% since 2023. Yield and caveats.
Market ValuationsInvesting Strategy
Nine newer NSE sector indices: price and P/E since June
11 Oct 2026
From 15 June to 9 October 2026, Nifty Retail rose 7.7% and Nifty Power fell 13.4%. P/E ranges from 15 (Telecom) to 209 (Retail). Nine sector indices compared.
Market ValuationsSectors
Nifty Capital Markets P/E at 43.0 as earnings rise 19%
10 Oct 2026
Nifty Capital Markets closed at a P/E of 42.97 on 9 October 2026, below its median of 44.79. The index rose 17.6% in a year and the earnings behind it 18.7%.
Market ValuationsSectors
Nifty Chemicals P/E at 41.9, P/B near its lowest yet
10 Oct 2026
Nifty Chemicals closed at a P/E of 41.89 on 9 October 2026, below its median of 44.42 since March 2025. Its P/B of 3.68 is the second-lowest on record.
Market ValuationsSectors
Nifty EV index P/E at 39.2, and half of it is Nifty Auto
10 Oct 2026
Nifty EV & New Age Automotive closed at a P/E of 39.21 on 9 October 2026, 1.36 times Nifty Auto's. Its P/B is near a low; its earnings fell 21.5% in a year.
Market ValuationsSectors
Nifty Healthcare P/E at 41.3: 2.1 times the Nifty 50
10 Oct 2026
Nifty Healthcare closed at a P/E of 41.28 on 9 October 2026, above 85% of sessions on record and 2.14 times the Nifty 50, close to its widest gap.
Market ValuationsSectors
Nifty India Consumption P/E at 36.5, near a five-year low
10 Oct 2026
Nifty India Consumption closed at a P/E of 36.54 on 9 October 2026. Only 53 of 1,235 sessions in five years were lower, and its P/B of 6.54 is near a low too.
Market ValuationsSectors
Nifty India Digital P/E at 27.5 after earnings doubled
10 Oct 2026
Nifty India Digital closed at a P/E of 27.53 on 9 October 2026, down from 66.99 a year ago: the earnings behind it rose 116% while the price fell 11.2%.
Market ValuationsSectors
Railways PSU P/E at 19.6: price down 41%, earnings flat
10 Oct 2026
Nifty India Railways PSU closed at a P/E of 19.64 on 9 October 2026, 40.8% below its record close, with the earnings behind it where they were in December 2024.
Market ValuationsSectors
Nifty India Tourism P/E at 85, up from 49 in June
10 Oct 2026
Nifty India Tourism closed at a P/E of 85.17 on 9 October 2026, up from 48.99 on 1 June. The price rose 3.8%; the earnings behind the index fell 40.3%.
Market ValuationsSectors
The median listed stock trades at a P/E of 30.6, not 19
08 Oct 2026
Across 1,266 Indian stocks the median P/E is 30.6; a quarter have no positive P/E and 243 trade above 50. By market-cap band, 7 Oct 2026.
Market Valuations
The Nifty 50 in dollars has gone nowhere in five years
07 Oct 2026
In dollars the Nifty 50 is where it was in October 2021: 8,184 against 8,154. In rupees it is up 29.1%. The gap is a rupee that lost 22.2% of its dollar value.
Investing StrategyMarket Valuations
Nifty 500 P/E at 21.9: cheaper since August, same gap
07 Oct 2026
The Nifty 500 closed at a P/E of 21.90 on 6 October 2026, down from 22.89 in late August. Only 5 sessions since 2021 had a lower P/B, all since 28 September.
Market Valuations
Nifty Consumer Durables P/E at 59.1: earnings caught up
07 Oct 2026
Nifty Consumer Durables closed at a P/E of 59.05 on 6 October 2026, down from 93.75 at its 2024 peak, as earnings rose about 32% and the price fell 17%.
Market ValuationsSectors
CPSE and PSE P/Es at 11.9 and 10.5, half the Nifty 50's
07 Oct 2026
On 6 October 2026 Nifty CPSE traded at a P/E of 11.89 and Nifty PSE at 10.52, against 19.49 for the Nifty 50. Both are 19–20% below their August 2024 highs.
Market ValuationsSectors
Nifty Energy P/E at 14.6: earnings have slipped since June
07 Oct 2026
Nifty Energy closed at a P/E of 14.61 on 6 October 2026, above its median since 2021. The index is up 4.5% this year, but its earnings have eased since June.
Market ValuationsSectors
Nifty Financial Services P/E at 15.3: a six-session low
07 Oct 2026
Nifty Financial Services closed at a P/E of 15.29 on 6 October 2026. Only six sessions since March 2021 were lower, five of them in the last week.
Market ValuationsSectors

Market Valuations

Nifty Next 50 now trades below the Nifty 50 on P/E

Insurance, NBFC and housing finance indices since June

Microcap 250 vs smallcap and midcap indices, October 2026

REIT and InvIT index: shallow falls, 6.6% yield

Nine newer NSE sector indices: price and P/E since June

Nifty Capital Markets P/E at 43.0 as earnings rise 19%

Nifty Chemicals P/E at 41.9, P/B near its lowest yet

Nifty EV index P/E at 39.2, and half of it is Nifty Auto

Nifty Healthcare P/E at 41.3: 2.1 times the Nifty 50

Nifty India Consumption P/E at 36.5, near a five-year low

Nifty India Digital P/E at 27.5 after earnings doubled

Railways PSU P/E at 19.6: price down 41%, earnings flat

Nifty India Tourism P/E at 85, up from 49 in June

The median listed stock trades at a P/E of 30.6, not 19

The Nifty 50 in dollars has gone nowhere in five years

Nifty 500 P/E at 21.9: cheaper since August, same gap

Nifty Consumer Durables P/E at 59.1: earnings caught up

CPSE and PSE P/Es at 11.9 and 10.5, half the Nifty 50's

Nifty Energy P/E at 14.6: earnings have slipped since June

Nifty Financial Services P/E at 15.3: a six-session low