Skip to content
WealthTicker
NSE’s own daily publication

Nifty IT P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty IT, which is currently fairly valued — the 23rd percentile of 6,890 daily closes since 1999. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty IT’s valuation reads today

  • Against the market. The Nifty IT trades at 1.03× the Nifty 50’s P/E, against a median of 1.16× across 6,890 days they were both priced — a deeper discount 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 9.58 (Dec 2008) and as high as 420.58 (Feb 2000). 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. 19.72 today, down from 25.60 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 IT level itself is what separates the two.
Price to earnings
19.72Fairly valued

23rd percentile of 6,890 days · median 24.28

Price to book
5.64Fairly valued

30th percentile of 6,890 days · median 6.71

Dividend yield
2.89%Undervalued

96th percentile of 6,890 days · median 1.51

Where the Nifty IT P/E ratio sits today

Valuation zones for the Nifty IT price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 17.28Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here17.28 – 24.28Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive24.28 – 44.59Above the historical middle. Stagger a lump sum rather than timing it.
Expensiveabove 44.59Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 6,890 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 IT 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 IT by starting P/E zone
Started inNext 1YNext 3YNext 5Y
Undervalued
+37.8%
+1.8% to +102.6%
0% lost money
+17.9%
+6.0% to +31.0%
0% lost money
+23.0%
+12.2% to +30.0%
0% lost money
Fairly valuedyou are here
+12.5%
-19.6% to +97.7%
29% lost money
+18.3%
-2.5% to +38.9%
6% lost money
+14.5%
+1.1% to +26.8%
0% lost money
Slightly expensive
+5.7%
-32.5% to +75.6%
48% lost money
+7.4%
-4.5% to +23.7%
8% lost money
+4.7%
-4.6% to +14.7%
21% lost money
Expensivetoo fewtoo fewtoo 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 1999

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 IT P/E ratio, month by month

90th pct 44.59median 24.2810th pct 17.28
Price to earnings by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
72.88
82.90
101.97
88.60
98.80
98.40
64.07
76.39
78.57
99.36
99.16
137.55
2000
189.81
305.48
294.14
220.59
143.71
163.99
135.91
123.95
151.61
121.25
127.41
132.71
2001
85.45
89.86
53.62
44.55
49.61
30.08
26.68
29.17
22.40
22.02
24.70
33.88
2002
33.88
25.74
26.70
25.87
25.04
22.63
20.94
18.94
20.81
21.04
23.48
25.24
2003
24.19
22.72
21.75
17.33
17.13
17.38
19.23
20.39
24.17
26.24
28.98
32.93
2004
34.52
31.49
30.04
30.90
30.42
27.73
29.39
28.82
30.00
31.74
34.33
35.49
2005
33.12
35.00
51.29
46.50
46.91
45.78
44.84
31.98
33.83
34.01
36.13
39.21
2006
40.33
41.71
44.23
36.27
34.48
29.67
31.45
31.56
32.57
32.75
31.81
33.28
2007
33.81
33.63
31.02
31.38
30.56
30.39
29.34
25.89
25.14
25.68
22.22
23.32
2008
20.90
18.79
17.77
19.41
21.25
20.15
17.16
18.22
17.08
11.98
11.12
10.25
2009
10.50
10.66
10.94
12.40
14.32
16.44
17.01
19.59
21.09
21.76
22.48
23.25
2010
24.37
22.98
23.95
24.16
23.21
23.91
24.45
24.63
26.04
26.91
26.24
27.92
2011
27.95
25.98
25.72
24.69
23.31
23.56
22.41
18.94
18.86
20.06
20.30
20.71
2012
19.47
20.77
20.85
18.21
17.91
18.20
16.29
16.82
18.16
16.96
16.71
16.31
2013
18.10
18.40
19.29
16.91
16.66
16.93
19.19
20.50
21.91
22.38
22.37
22.60
2014
23.66
22.93
21.50
21.21
19.98
20.49
20.82
20.69
21.45
20.80
21.36
20.56
2015
21.26
22.52
22.31
21.31
20.61
21.13
21.07
21.78
21.81
20.27
19.36
19.34
2016
19.09
18.41
19.09
19.46
18.73
18.76
18.18
18.13
17.14
16.03
15.17
15.58
2017
16.30
16.50
17.00
15.91
16.45
16.36
16.84
17.25
17.05
17.52
17.62
17.80
2018
18.86
18.65
18.83
19.34
19.77
19.95
20.60
21.01
22.45
20.64
20.12
20.34
2019
20.17
22.48
21.97
23.95
23.37
23.73
22.03
22.23
22.21
20.81
20.63
20.68
2020
21.10
21.39
16.31
16.34
16.91
18.15
22.52
23.99
25.96
28.57
28.89
30.77
2021
34.03
32.46
32.60
28.42
28.26
30.67
31.33
33.71
36.54
36.70
35.73
36.39
2022
38.27
34.07
35.12
32.21
27.95
26.16
25.43
26.92
24.98
25.51
26.58
26.11
2023
26.35
27.11
25.44
23.70
24.48
25.06
25.30
25.98
27.43
26.48
26.73
29.03
2024
30.65
32.38
31.58
29.09
27.99
29.30
32.50
33.41
34.58
34.34
33.54
35.40
2025
33.58
31.37
28.25
25.82
27.95
28.75
27.41
25.15
25.63
25.43
25.97
27.11
2026
27.08
23.38
21.02
21.70
19.73
19.13
18.58
19.90
18.45
18.72
·
·
cheapestdearest· shaded by rank among all 334 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty IT P/B ratio, month by month

90th pct 11.97median 6.7110th pct 4.63
Price to book by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
16.41
18.66
22.95
19.94
22.28
23.34
17.00
20.27
20.85
26.37
26.31
36.50
2000
50.37
82.70
79.63
59.72
38.91
44.70
40.00
36.48
46.51
37.20
39.09
40.71
2001
24.54
25.80
15.39
12.79
14.24
9.55
8.18
9.04
6.94
6.39
7.16
9.83
2002
9.88
7.42
7.69
7.46
6.87
5.65
5.23
4.73
5.20
5.25
5.86
5.80
2003
5.56
5.22
5.00
3.90
4.00
4.03
4.13
4.19
4.89
5.28
5.74
6.53
2004
6.84
6.24
5.96
6.10
5.99
5.65
6.19
6.54
6.69
7.03
7.56
7.85
2005
7.32
7.72
11.32
10.26
10.36
10.58
10.21
8.50
8.98
9.03
9.59
10.41
2006
10.44
10.73
11.38
12.03
11.84
9.65
9.70
9.61
9.87
10.90
11.23
11.76
2007
12.44
12.59
11.67
12.36
12.20
10.76
9.98
9.01
7.92
8.21
7.31
7.66
2008
6.86
6.54
6.13
6.73
7.38
6.52
5.58
5.74
5.03
3.64
3.37
3.12
2009
3.26
3.27
3.38
3.87
4.49
4.73
4.88
5.89
6.38
6.63
7.05
7.30
2010
7.63
7.35
7.34
7.39
7.31
7.62
7.81
6.71
6.99
7.17
6.95
7.38
2011
7.54
7.09
7.03
7.04
6.23
6.21
6.02
5.10
5.07
5.64
5.71
5.67
2012
5.55
5.88
5.85
5.32
5.39
4.91
4.62
4.81
5.18
5.03
5.00
4.81
2013
5.43
5.51
5.78
5.17
5.17
5.22
5.03
5.61
5.83
6.21
6.19
6.36
2014
6.82
6.78
6.59
6.61
5.69
5.94
6.17
6.17
6.46
6.50
6.72
6.46
2015
6.60
7.06
6.99
6.61
5.88
6.36
6.04
6.12
6.13
6.25
6.05
5.94
2016
5.81
5.61
5.78
5.92
5.33
5.39
5.17
4.90
4.63
4.52
4.25
4.45
2017
4.50
4.61
4.71
4.41
4.58
4.49
4.40
4.19
3.88
3.95
4.05
4.09
2018
4.46
4.55
4.58
4.70
4.81
5.03
5.19
5.41
5.59
5.17
4.98
5.04
2019
5.04
5.42
5.31
5.76
5.71
5.80
5.24
5.22
5.24
5.08
5.09
5.11
2020
5.30
5.32
4.06
4.09
4.37
4.71
5.88
6.18
6.58
7.40
7.39
7.88
2021
9.05
8.88
8.91
8.36
8.39
8.80
9.14
10.00
10.64
10.75
10.80
11.00
2022
11.75
10.66
10.99
10.11
9.17
8.68
7.84
8.22
7.61
7.82
8.25
8.07
2023
8.19
8.56
8.03
7.66
7.88
8.07
8.15
8.48
8.57
6.92
6.92
7.52
2024
7.92
8.22
8.02
7.33
7.17
7.50
8.34
8.50
8.78
8.68
8.72
9.20
2025
8.95
8.55
7.71
7.07
7.70
7.67
7.22
6.75
6.63
6.62
6.86
7.16
2026
7.09
6.11
5.49
5.69
5.38
5.18
5.09
5.50
5.09
5.28
·
·
cheapestdearest

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

90th pct 2.58median 1.5110th pct 0.31
Dividend yield by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
0.22
0.20
0.16
0.18
0.17
0.17
0.19
0.16
0.15
0.12
0.12
0.09
2000
0.06
0.04
0.06
0.09
0.13
0.11
0.13
0.14
0.11
0.15
0.14
0.13
2001
0.12
0.11
0.19
0.23
0.21
0.28
0.32
0.30
0.40
0.37
0.33
0.24
2002
0.24
0.33
0.31
0.32
0.33
0.42
0.46
0.51
0.46
0.46
0.41
0.39
2003
0.40
0.43
0.45
0.60
0.64
0.63
0.66
0.66
0.59
0.56
0.53
0.47
2004
0.45
0.49
0.52
0.50
0.51
2.04
1.91
1.63
1.54
1.60
1.48
1.28
2005
1.37
1.38
0.97
1.08
1.06
0.73
0.73
0.81
0.77
0.76
0.71
0.66
2006
0.72
0.71
0.67
0.64
0.64
1.06
1.01
1.05
1.03
1.00
0.97
0.94
2007
0.89
0.87
0.94
0.91
0.91
0.75
0.86
0.93
0.97
0.93
1.04
0.99
2008
1.09
1.14
1.22
1.10
1.01
1.43
1.65
1.59
1.71
2.35
2.54
2.78
2009
2.79
2.85
2.76
2.39
2.02
1.57
1.49
1.19
1.05
0.99
0.93
0.89
2010
0.82
0.85
0.85
0.84
0.88
0.86
0.83
1.17
1.11
1.07
1.06
1.00
2011
0.98
1.04
1.04
1.04
1.63
1.63
1.67
1.94
1.97
1.79
1.74
1.77
2012
1.81
1.73
1.78
1.95
1.92
1.85
1.96
1.88
1.75
1.79
1.77
1.85
2013
1.65
1.63
1.56
1.79
1.79
1.77
1.44
1.29
1.24
1.17
1.17
1.13
2014
1.04
1.03
1.08
1.09
1.52
1.45
1.40
1.37
1.31
1.31
1.25
1.29
2015
1.23
1.15
1.16
1.22
2.02
1.75
1.83
1.79
1.81
2.29
2.38
2.60
2016
2.65
2.75
2.67
2.58
2.33
2.31
2.38
2.33
2.02
2.05
2.17
2.08
2017
2.06
2.01
1.96
2.10
2.02
2.05
2.04
2.01
2.20
2.17
2.11
2.22
2018
2.04
2.01
1.99
1.95
1.90
2.01
1.94
1.86
1.51
1.65
1.48
1.46
2019
1.45
1.35
1.38
1.30
1.33
1.83
2.01
2.20
2.19
2.01
2.00
2.01
2020
1.95
1.94
2.51
2.50
2.34
2.18
2.25
2.24
2.12
1.95
1.95
1.83
2021
1.62
1.65
1.64
1.29
1.46
1.50
1.47
1.53
1.48
1.42
1.48
1.45
2022
1.36
1.57
1.52
1.72
1.92
2.10
2.35
2.21
2.29
2.17
2.07
2.13
2023
2.54
2.56
2.72
2.72
2.66
2.58
2.65
2.58
2.44
2.50
2.54
2.34
2024
2.22
1.88
1.92
2.02
2.26
2.38
2.00
1.90
1.84
1.87
1.92
1.82
2025
1.92
2.48
2.75
3.04
2.71
2.61
2.88
3.11
3.05
3.13
3.04
2.91
2026
2.92
3.22
3.58
3.46
3.70
3.25
2.91
2.57
2.78
3.52
·
·
cheapestdearest

From the blog

Frequently asked questions

What is the Nifty IT P/E ratio today?

The Nifty IT closed at a price-to-earnings ratio of 19.72 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 IT overvalued right now?

Against its own history it is fairly valued: a P/E of 19.72 is the 23rd percentile of 6,890 daily closes, against a median of 24.28 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 IT?

There is no single good number, but there is a measured middle: 17.28 to 44.59 is the middle 80% of 6,890 daily closes, and the median sits at 24.28. Below 17.28 is the cheapest tenth of this index's own history and above 44.59 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 IT P/B ratio?

The Nifty IT price-to-book ratio is 5.64 as of 27 October 2026, against a historical median of 6.71. 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 IT dividend yield?

The Nifty IT dividend yield is 2.89% as of 27 October 2026, against a historical median of 1.51%. 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.

Nearby indices

Nifty Healthcare IndexNifty High Beta 50Nifty HousingNifty IPONifty India ConsumptionNifty India Corporate Group Index - Aditya Birla GroupNifty India Corporate Group Index - Mahindra GroupNifty India Corporate Group Index - Tata Group

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.

Index fundsScreen funds