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Nifty Non-Cyclical Consumer P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Non-Cyclical Consumer, which is currently undervalued — the 3rd percentile of 1,222 daily closes since 2016. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty Non-Cyclical Consumer’s valuation reads today

  • Against the market. The Nifty Non-Cyclical Consumer trades at 2.23× the Nifty 50’s P/E, against a median of 2.63× across 1,222 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 39.60 (Jul 2016) and as high as 80.51 (Apr 2025). 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. 42.46 today, down from 55.23 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 Non-Cyclical Consumer level itself is what separates the two.
Price to earnings
42.46Undervalued

3rd percentile of 1,222 days · median 56.86

Price to book
8.96Undervalued

1st percentile of 1,222 days · median 10.99

Dividend yield
1.26%Undervalued

99th percentile of 1,222 days · median 0.95

Where the Nifty Non-Cyclical Consumer P/E ratio sits today

Valuation zones for the Nifty Non-Cyclical Consumer price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedyou are herebelow 44.32Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued44.32 – 56.86Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive56.86 – 65.23Above the historical middle. Stagger a lump sum rather than timing it.
Expensiveabove 65.23Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 1,222 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 Non-Cyclical Consumer P/E was here, what came next

For every month-end since 07 Jul 2016: 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 Non-Cyclical Consumer by starting P/E zone
Started inNext 1YNext 3YNext 5Y
Undervaluedyou are heretoo fewtoo fewtoo few
Fairly valued
+15.5%
-10.1% to +37.3%
7% lost money
+14.6%
+9.3% to +17.1%
0% lost money
too few
Slightly expensive
+6.8%
-7.7% to +49.8%
25% lost money
too fewtoo few
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 2016

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 Non-Cyclical Consumer P/E ratio, month by month

90th pct 65.23median 56.8610th pct 44.32
Price to earnings by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
39.60
·
·
·
·
·
2021
·
·
·
·
·
·
·
·
·
·
60.40
58.98
2022
59.44
43.91
43.08
47.47
43.65
41.73
44.89
44.30
44.77
44.43
49.46
50.41
2023
48.57
50.59
50.92
55.68
56.86
60.18
61.85
57.64
58.91
58.63
58.09
60.86
2024
62.72
59.90
60.37
61.17
62.93
65.23
66.41
66.95
70.77
68.31
62.78
63.95
2025
61.19
53.38
52.47
77.46
67.86
62.57
63.67
63.93
64.72
54.51
54.02
52.55
2026
53.20
54.42
49.82
51.89
51.65
54.79
56.00
56.39
53.78
42.91
·
·
cheapestdearest· shaded by rank among all 61 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Non-Cyclical Consumer P/B ratio, month by month

90th pct 13.50median 10.9910th pct 9.92
Price to book by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
5.91
·
·
·
·
·
2021
·
·
·
·
·
·
·
·
·
·
11.02
10.76
2022
10.86
10.34
10.12
11.21
10.47
10.18
10.81
10.95
10.93
10.73
10.72
10.80
2023
10.46
10.41
10.27
10.18
10.77
11.30
11.59
11.20
11.07
10.11
10.32
10.90
2024
11.30
11.20
11.41
11.80
12.08
12.52
12.95
13.47
13.95
13.30
12.40
12.57
2025
12.13
11.58
11.39
16.10
15.16
14.90
14.96
12.72
12.65
11.23
11.22
10.93
2026
10.75
10.53
9.58
10.11
10.13
9.89
9.85
9.51
9.01
9.02
·
·
cheapestdearest

Nifty Non-Cyclical Consumer dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

90th pct 1.05median 0.9510th pct 0.82
Dividend yield by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
0.90
·
·
·
·
·
2021
·
·
·
·
·
·
·
·
·
·
1.03
1.04
2022
1.04
1.14
1.13
0.94
1.01
1.14
1.03
1.00
0.97
0.97
0.97
0.96
2023
1.00
1.00
1.04
0.97
0.92
0.96
0.93
0.95
0.92
0.93
0.95
0.91
2024
0.89
0.91
0.90
0.90
0.85
0.81
0.83
0.86
0.82
0.84
0.92
0.91
2025
0.94
1.03
1.03
0.98
0.97
0.95
0.97
1.03
1.00
1.01
0.98
1.01
2026
1.02
0.88
0.96
0.91
0.91
0.65
0.65
0.67
0.70
1.24
·
·
cheapestdearest

Frequently asked questions

What is the Nifty Non-Cyclical Consumer P/E ratio today?

The Nifty Non-Cyclical Consumer closed at a price-to-earnings ratio of 42.46 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 Non-Cyclical Consumer overvalued right now?

Against its own history it is undervalued: a P/E of 42.46 is the 3rd percentile of 1,222 daily closes, against a median of 56.86 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 Non-Cyclical Consumer?

There is no single good number, but there is a measured middle: 44.32 to 65.23 is the middle 80% of 1,222 daily closes, and the median sits at 56.86. Below 44.32 is the cheapest tenth of this index's own history and above 65.23 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 Non-Cyclical Consumer P/B ratio?

The Nifty Non-Cyclical Consumer price-to-book ratio is 8.96 as of 27 October 2026, against a historical median of 10.99. 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 Non-Cyclical Consumer dividend yield?

The Nifty Non-Cyclical Consumer dividend yield is 1.26% as of 27 October 2026, against a historical median of 0.95%. 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 Midcap SelectNifty Midcap150 Momentum 50Nifty MobilityNifty Next 50Nifty Oil & GasNifty PSENifty PSU BankNifty Pharma

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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