NSE’s own daily publication

Nifty Auto P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Auto, which is currently fairly valued — the 47th percentile of 3,761 daily closes since 2011. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty Auto’s valuation reads today

Against the market. The Nifty Auto trades at 1.54× the Nifty 50’s P/E, against a median of 1.43× across 3,761 days they were both priced — a wider premium than usual. A sector can look dear on its own numbers while being cheap against the market, and that gap is usually the more useful of the two.
The range it has actually traded in. Its P/E has been as low as 14.79 (Apr 2020) and as high as 747.43 (Apr 2021). Both ends are real closes, not a model — and the high end of an index P/E is usually an earnings collapse rather than a price melt-up, which is why the bands below are percentiles and not a mean.
Versus a year ago. 29.45 today, up from 28.27 a year ago. The ratio moves on price and on earnings, so a falling P/E can mean the index got cheaper or that its constituents earned more — the Nifty Auto level itself is what separates the two.

Price to earnings

29.45Fairly valued

47th percentile of 3,761 days · median 30.49

Price to book

3.96Fairly valued

15th percentile of 3,761 days · median 4.78

Dividend yield

1.15%Fairly valued

63rd percentile of 3,761 days · median 1.05

Where the Nifty Auto P/E ratio sits today

Valuation zones for the Nifty Auto price to earnings
Zone	P/E range	What it has meant
Undervalued	below 20.54	Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here	20.54 – 30.49	Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive	30.49 – 60.57	Above the historical middle. Stagger a lump sum rather than timing it.
Expensive	above 60.57	Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 3,761 daily closes, with the median as the middle line — so the cheapest and dearest tenth of this index’s own history bound the outer zones, and one freak print cannot move them. They describe where this index has traded, not where it should — a market can stay expensive for years, and this is not a signal to act on.

When the Nifty Auto P/E was here, what came next

For every month-end since 29 Feb 2012: the index’s annualised return over the following 1, 3 and 5 years, grouped by the valuation zone it started in. Median, with the worst and best start underneath.

Forward returns of the Nifty Auto by starting P/E zone
Started in	Next 1Y	Next 3Y	Next 5Y
Undervalued	too few	too few	too few
Fairly valuedyou are here	+16.0% -40.7% to +78.3% 29% lost money	+20.0% -3.0% to +31.7% 2% lost money	+19.5% +5.2% to +30.5% 0% lost money
Slightly expensive	+15.5% -37.6% to +74.9% 29% lost money	+7.9% -21.8% to +38.3% 40% lost money	+2.3% -11.3% to +28.9% 26% lost money
Expensive	+16.8% +7.0% to +45.6% 0% lost money	+26.6% +23.7% to +33.5% 0% lost money	too few

Price return only (index levels carry no dividends, so each figure understates an investor’s return by about the dividend yield). Start months overlap: a 5-year window spans 60 of them, so the counts are not independent observations. A zone needs 12 starts before it is summarised. The past spread of outcomes is wide in every zone — this is a record, not a forecast.

All three, since 2011

Each cell is the median of that month’s daily closes — one day’s print can be an earnings-revision artefact, and on a grid this size that day would colour the whole month. Hover a cell for the trading-day count behind it, or the line above it for any day’s close. All three are always shown; the buttons at the top only change which metric the valuation zones describe.

Nifty Auto P/E ratio, month by month

90th pct 60.57median 30.4910th pct 20.54

Price to earnings by month, 2011 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2011	·	·	·	·	·	·	17.76	16.53	17.00	17.39	17.89	16.71
2012	17.14	20.17	20.50	21.46	20.30	19.65	19.59	19.84	21.18	21.74	21.13	22.62
2013	22.98	21.69	21.93	20.66	22.58	23.20	23.30	21.36	22.82	24.62	24.58	27.99
2014	27.59	26.84	25.35	26.91	28.48	31.56	33.16	33.86	37.45	37.37	38.80	40.76
2015	42.29	54.47	54.14	54.45	51.36	54.36	55.76	52.18	47.05	48.90	41.88	40.94
2016	38.33	31.56	32.52	36.67	35.39	33.71	35.36	36.71	38.75	38.08	31.95	32.02
2017	33.89	34.23	34.42	34.91	35.98	38.05	39.78	40.32	41.96	42.95	40.94	40.74
2018	41.74	39.50	35.62	37.17	36.20	34.71	33.30	29.82	28.63	23.91	25.59	25.70
2019	24.57	23.34	24.11	24.05	22.81	22.11	21.05	19.61	20.14	20.50	23.70	23.69
2020	24.29	25.09	19.00	17.77	18.69	24.42	40.13	139.95	141.64	143.75	254.49	301.52
2021	324.43	249.34	205.05	707.36	452.95	97.47	92.95	56.42	56.16	62.56	64.88	59.86
2022	64.51	79.43	71.55	79.82	56.45	52.73	56.88	48.05	48.10	47.07	39.64	38.63
2023	38.71	33.08	30.74	32.66	29.52	29.85	31.62	24.63	25.59	25.52	23.73	25.11
2024	26.30	26.09	26.67	25.56	23.27	24.42	24.59	23.65	25.47	25.07	22.87	22.94
2025	22.17	21.43	20.19	20.90	24.37	24.51	24.94	24.68	27.54	27.84	27.74	30.08
2026	30.06	33.24	29.67	30.77	30.24	30.43	31.26	33.51	31.55	29.28	·	·

cheapestdearest· shaded by rank among all 184 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Auto P/B ratio, month by month

90th pct 6.42median 4.7810th pct 3.73

Price to book by month, 2011 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2011	·	·	·	·	·	·	4.37	3.94	3.86	3.96	3.90	3.68
2012	3.66	3.97	3.97	4.16	3.98	3.86	3.87	3.92	4.12	4.10	4.11	4.36
2013	4.43	4.19	4.10	3.89	4.36	4.25	4.22	4.05	4.12	4.29	4.43	4.49
2014	4.42	4.38	4.65	4.93	5.22	5.62	5.75	5.71	6.19	6.06	6.37	6.36
2015	6.58	6.70	6.62	6.81	6.76	6.57	6.63	6.69	6.01	6.15	6.28	6.20
2016	5.82	5.59	5.88	6.58	6.50	6.87	7.13	6.33	6.54	6.51	5.80	5.81
2017	6.20	6.31	6.33	6.41	6.68	6.99	6.87	6.61	6.19	6.17	6.12	6.14
2018	6.32	6.01	5.83	6.16	6.00	5.96	5.82	5.56	5.13	4.24	4.38	4.42
2019	4.21	4.00	4.13	4.23	4.03	3.91	3.52	3.15	3.24	3.41	3.62	3.56
2020	3.64	3.42	2.54	2.37	2.49	2.87	3.27	3.55	3.60	3.60	3.76	4.14
2021	4.58	4.88	4.70	4.44	4.61	4.84	4.63	4.26	4.25	4.74	4.80	4.49
2022	4.80	4.77	4.31	4.77	4.78	4.98	5.28	5.31	5.31	4.91	5.04	4.97
2023	4.96	5.11	4.76	4.99	5.37	5.69	5.97	5.85	5.79	4.61	4.76	5.08
2024	5.33	5.73	5.96	5.64	5.92	6.28	5.75	5.59	5.79	5.23	4.82	4.84
2025	4.68	4.55	4.31	4.52	4.96	4.96	4.54	4.41	4.75	4.85	4.76	4.75
2026	4.75	4.80	4.30	4.46	4.48	4.56	4.36	4.47	4.15	3.94	·	·

cheapestdearest

Nifty Auto dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

90th pct 1.93median 1.0510th pct 0.72

Dividend yield by month, 2011 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2011	·	·	·	·	·	·	1.73	1.73	2.09	2.04	2.08	2.20
2012	2.17	2.00	1.99	1.90	2.05	2.16	2.16	2.13	2.03	1.70	1.63	1.54
2013	1.51	1.58	1.61	1.70	1.52	1.57	1.54	1.60	1.46	1.17	1.17	1.23
2014	1.25	1.25	1.18	1.11	1.04	0.97	0.93	0.93	0.86	0.88	0.84	0.85
2015	0.82	0.80	0.81	0.81	0.84	0.87	0.86	0.73	0.79	0.81	0.79	0.80
2016	0.85	0.89	0.85	0.76	0.77	0.73	0.71	0.72	0.72	0.74	0.83	0.83
2017	0.78	0.77	0.77	0.76	0.73	0.70	0.71	0.72	0.57	0.57	0.55	0.54
2018	0.53	0.55	0.63	0.60	0.62	0.62	0.64	0.81	0.93	1.11	1.07	1.06
2019	1.11	1.17	1.14	1.15	1.21	1.24	1.42	1.56	1.51	1.43	1.35	1.37
2020	1.34	1.41	1.91	2.04	1.94	1.69	1.52	1.98	2.01	2.05	1.97	1.78
2021	1.62	1.52	1.58	0.57	0.56	0.53	1.11	1.22	1.18	1.06	1.04	1.14
2022	1.06	1.05	1.17	1.06	1.06	1.02	1.02	1.02	0.99	1.04	1.01	1.02
2023	1.00	1.00	1.09	1.03	0.96	0.90	0.94	1.08	1.04	1.04	1.02	0.94
2024	0.90	0.85	0.86	0.92	0.88	0.97	0.85	0.88	0.84	0.86	0.95	0.95
2025	0.99	1.04	1.05	0.96	0.90	1.02	1.09	1.18	1.11	1.11	1.13	1.13
2026	1.13	1.13	1.26	1.22	1.22	1.25	1.13	1.05	1.07	1.16	·	·

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From the blog

Frequently asked questions

What is the Nifty Auto P/E ratio today?

The Nifty Auto closed at a price-to-earnings ratio of 29.45 on 27 October 2026. NSE publishes it once a day after the close, on a consolidated trailing-twelve-month basis, so it moves on the index and on quarterly earnings revisions — there is no intraday figure.

Is the Nifty Auto overvalued right now?

Against its own history it is fairly valued: a P/E of 29.45 is the 47th percentile of 3,761 daily closes, against a median of 30.49 over that span. That describes where this index has traded, not where it should — a market can stay expensive for years, and this is not a signal to act on.

What is a good P/E ratio for the Nifty Auto?

There is no single good number, but there is a measured middle: 20.54 to 60.57 is the middle 80% of 3,761 daily closes, and the median sits at 30.49. Below 20.54 is the cheapest tenth of this index's own history and above 60.57 the dearest tenth. Compare it to the index's own past rather than to another market's — earnings mix and growth differ, so an Indian P/E and a US one are not the same quantity.

What is the Nifty Auto P/B ratio?

The Nifty Auto price-to-book ratio is 3.96 as of 27 October 2026, against a historical median of 4.78. P/B compares the index to the book value of its constituents' assets, which makes it the steadier of the two — book value does not swing on one quarter's earnings the way a P/E denominator can.

What is the Nifty Auto dividend yield?

The Nifty Auto dividend yield is 1.15% as of 27 October 2026, against a historical median of 1.05%. It reads backwards from the other two: a HIGH yield is the cheap end, because the same dividends are being bought for a lower price.

How often does this page update, and where do the numbers come from?

From NSE's own daily index file, which carries P/E, P/B and dividend yield for every index it prices — 144 of them have a meaningful P/E today. It is published once after each close and picked up by the hourly refresh, so the figures here are the last published close, never a live quote.