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Nifty India Defence P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty India Defence, which is currently slightly expensive — the 89th percentile of 1,146 daily closes since 2022. Close of 11 Sept 2026.

Every NSE index, cheapest first

How the Nifty India Defence’s valuation reads today

  • Against the market. The Nifty India Defence trades at 2.97× the Nifty 50’s P/E, against a median of 2.15× across 1,146 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 18.85 (Feb 2022) and as high as 73.36 (Jul 2024). 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. 58.68 today, up from 53.50 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 India Defence level itself is what separates the two.
Price to earnings
58.68Slightly expensive

89th percentile of 1,146 days · median 46.92

Price to book
11.35Slightly expensive

63rd percentile of 1,146 days · median 10.43

Dividend yield
0.49%Slightly expensive

15th percentile of 1,146 days · median 0.58

Where the Nifty India Defence P/E ratio sits today

Valuation zones for the Nifty India Defence price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 22.89Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued22.89 – 46.92Nothing to act on. Keep SIPs running at their normal size.
Slightly expensiveyou are here46.92 – 58.83Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 58.83Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 1,146 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.

All three, since 2022

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 India Defence P/E ratio, month by month

above +1 SD 57.19median 46.92below −1 SD 28.64
Price to earnings by month, 2022 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2022
23.20
21.11
21.22
23.68
20.15
20.34
20.56
23.30
25.48
27.26
27.35
26.82
2023
25.80
23.95
23.80
26.13
27.91
31.70
34.67
35.32
37.80
37.22
37.71
42.79
2024
46.82
45.15
46.77
52.26
57.23
62.01
68.16
58.67
55.53
52.64
49.79
52.85
2025
48.10
40.38
42.11
48.42
58.18
63.34
58.63
53.57
54.79
55.97
54.97
51.53
2026
52.31
52.16
51.52
55.28
56.62
56.73
56.73
58.85
58.68
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cheapestdearest· shaded by rank among all 57 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty India Defence P/B ratio, month by month

above +1 SD 13.42median 10.43below −1 SD 6.04
Price to book by month, 2022 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2022
3.92
3.75
3.87
4.65
4.41
4.43
4.43
5.38
5.56
5.78
6.07
6.05
2023
5.73
5.50
5.49
6.00
6.32
7.12
7.78
7.89
7.80
7.77
8.22
9.36
2024
10.21
10.31
10.88
12.14
13.10
16.64
18.38
16.56
14.33
12.80
12.41
12.78
2025
11.56
10.06
10.50
11.59
14.09
15.57
14.48
11.95
11.55
10.87
10.87
10.29
2026
10.45
10.71
10.69
11.61
12.12
12.15
12.45
11.72
11.43
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cheapestdearest

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

above +1 SD 1.14median 0.58below −1 SD 0.42
Dividend yield by month, 2022 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2022
1.34
1.41
1.59
1.40
1.52
1.52
1.50
1.33
1.21
1.11
1.07
1.17
2023
1.18
1.21
1.04
1.11
1.05
0.93
0.85
0.81
0.80
0.82
0.78
0.62
2024
0.57
0.61
0.65
0.57
0.52
0.40
0.37
0.42
0.46
0.50
0.55
0.49
2025
0.54
0.60
0.61
0.54
0.46
0.41
0.46
0.51
0.50
0.51
0.50
0.53
2026
0.52
0.54
0.61
0.55
0.52
0.52
0.53
0.52
0.49
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cheapestdearest

Frequently asked questions

What is the Nifty India Defence P/E ratio today?

The Nifty India Defence closed at a price-to-earnings ratio of 58.68 on 11 September 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 India Defence overvalued right now?

Against its own history it is slightly expensive: a P/E of 58.68 is the 89th percentile of 1,146 daily closes, with a ten-year median of 46.92. 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 India Defence?

There is no single good number, but there is a measured middle: 22.89 to 58.83 is the middle 80% of 1,146 daily closes, and the median sits at 46.92. Below 22.89 is the cheapest tenth of this index's own history and above 58.83 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 India Defence P/B ratio?

The Nifty India Defence price-to-book ratio is 11.35 as of 11 September 2026, against a ten-year median of 10.43. 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 India Defence dividend yield?

The Nifty India Defence dividend yield is 0.49% as of 11 September 2026, against a ten-year median of 0.58%. 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 — 142 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.

Nearby indices

Nifty India Corporate Group Index - Aditya Birla GroupNifty India Corporate Group Index - Mahindra GroupNifty India Corporate Group Index - Tata GroupNifty India Corporate Group Index - Tata Group 25% CapNifty India DigitalNifty India FPI 150Nifty India Infrastructure & LogisticsNifty India Internet

How to read these numbers

How to read an index P/E ratio

Consolidated trailing-twelve-month, free-float weighted, one value a day — and why the absolute number tells you almost nothing on its own.

Is the market expensive?

Valuation predicts ten-year returns and not next year’s. What that gap means, and when a reading should change anything.

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