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Nifty Oil & Gas P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Oil & Gas, which is currently fairly valued — the 39th percentile of 1,670 daily closes since 2016. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty Oil & Gas’s valuation reads today

  • Against the market. The Nifty Oil & Gas trades at 0.55× the Nifty 50’s P/E, against a median of 0.51× across 1,670 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 6.87 (Nov 2023) and as high as 21.11 (Mar 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. 10.55 today, down from 12.52 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 Oil & Gas level itself is what separates the two.
Price to earnings
10.55Fairly valued

39th percentile of 1,670 days · median 11.39

Price to book
1.30Undervalued

1st percentile of 1,670 days · median 1.76

Dividend yield
3.32%Fairly valued

72nd percentile of 1,670 days · median 2.79

Where the Nifty Oil & Gas P/E ratio sits today

Valuation zones for the Nifty Oil & Gas price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 8.76Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here8.76 – 11.39Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive11.39 – 17.49Above the historical middle. Stagger a lump sum rather than timing it.
Expensiveabove 17.49Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 1,670 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 Oil & Gas 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 Oil & Gas by starting P/E zone
Started inNext 1YNext 3YNext 5Y
Undervaluedtoo fewtoo fewtoo few
Fairly valuedyou are here
+2.8%
-16.3% to +74.1%
50% lost money
+14.0%
+10.2% to +26.7%
0% lost money
too few
Slightly expensive
+12.5%
-19.8% to +64.8%
26% lost money
+15.7%
0.0% to +23.0%
0% lost money
too 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 Oil & Gas P/E ratio, month by month

90th pct 17.49median 11.3910th pct 8.76
Price to earnings by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
12.13
·
·
·
·
·
2020
13.35
12.83
9.42
10.45
11.29
13.34
17.59
17.87
19.64
17.63
16.02
18.85
2021
20.27
19.34
20.17
17.38
17.28
12.57
10.45
9.86
10.33
10.71
9.75
8.93
2022
9.38
8.56
8.36
9.07
8.73
8.95
8.63
11.23
11.18
10.65
13.54
15.34
2023
15.28
14.66
14.53
14.59
14.71
14.67
15.49
9.07
8.82
8.75
7.12
7.71
2024
8.66
9.40
9.16
9.55
9.70
9.72
10.61
12.69
12.40
12.03
12.95
13.22
2025
12.85
12.31
12.33
12.72
13.49
13.81
14.01
12.38
11.79
12.23
11.53
11.27
2026
10.75
10.38
9.46
9.44
9.39
8.75
8.94
11.09
10.85
10.44
·
·
cheapestdearest· shaded by rank among all 83 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Oil & Gas P/B ratio, month by month

90th pct 2.14median 1.7610th pct 1.47
Price to book by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
1.75
·
·
·
·
·
2020
1.79
1.73
1.24
1.37
1.44
1.59
1.60
1.65
1.62
1.44
1.51
1.65
2021
1.75
1.81
1.93
1.93
2.04
2.21
2.03
2.04
2.20
2.13
2.07
1.99
2022
2.10
2.06
2.05
2.24
2.13
2.08
2.01
2.14
2.03
1.89
2.04
2.08
2023
2.08
1.76
1.73
1.78
1.83
1.81
1.90
1.89
1.81
1.41
1.46
1.63
2024
1.81
2.09
2.04
2.10
2.10
2.14
2.29
2.37
2.08
1.85
1.66
1.67
2025
1.62
1.52
1.52
1.58
1.71
1.71
1.75
1.62
1.57
1.61
1.69
1.66
2026
1.61
1.66
1.53
1.54
1.58
1.51
1.51
1.42
1.35
1.30
·
·
cheapestdearest

Nifty Oil & Gas dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

90th pct 4.00median 2.7910th pct 2.28
Dividend yield by month, 2016 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
1.92
·
·
·
·
·
2020
3.01
3.10
4.33
3.90
3.71
3.37
3.55
3.44
3.46
3.79
3.63
3.33
2021
3.00
2.92
2.71
2.63
2.49
2.36
2.52
2.59
3.62
3.70
4.10
4.90
2022
4.78
4.69
4.40
3.85
4.03
4.08
3.88
3.77
3.76
3.30
2.78
2.72
2023
2.57
2.74
2.97
3.05
3.00
3.00
2.82
2.90
2.49
2.45
2.67
2.75
2024
2.52
2.55
2.50
2.30
2.28
2.24
2.21
2.61
2.76
2.85
2.99
2.65
2025
2.61
3.00
2.97
2.91
2.68
2.68
2.36
2.46
2.35
2.26
2.41
2.49
2026
2.90
2.12
2.39
2.34
2.28
2.49
2.44
1.80
1.81
3.32
·
·
cheapestdearest

From the blog

Frequently asked questions

What is the Nifty Oil & Gas P/E ratio today?

The Nifty Oil & Gas closed at a price-to-earnings ratio of 10.55 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 Oil & Gas overvalued right now?

Against its own history it is fairly valued: a P/E of 10.55 is the 39th percentile of 1,670 daily closes, against a median of 11.39 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 Oil & Gas?

There is no single good number, but there is a measured middle: 8.76 to 17.49 is the middle 80% of 1,670 daily closes, and the median sits at 11.39. Below 8.76 is the cheapest tenth of this index's own history and above 17.49 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 Oil & Gas P/B ratio?

The Nifty Oil & Gas price-to-book ratio is 1.30 as of 27 October 2026, against a historical median of 1.76. 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 Oil & Gas dividend yield?

The Nifty Oil & Gas dividend yield is 3.32% as of 27 October 2026, against a historical median of 2.79%. 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 Midcap150 Momentum 50Nifty MobilityNifty Next 50Nifty Non-Cyclical ConsumerNifty PSENifty PSU BankNifty PharmaNifty Private Bank

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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