NSE’s own daily publication

Nifty Realty P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Realty, which is currently fairly valued — the 41st percentile of 4,684 daily closes since 2007. Close of 27 Oct 2026.

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How the Nifty Realty’s valuation reads today

Against the market. The Nifty Realty trades at 1.82× the Nifty 50’s P/E, against a median of 1.72× across 4,684 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 4.15 (Dec 2008) and as high as 23307.57 (Jun 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. 34.68 today, down from 46.59 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 Realty level itself is what separates the two.

Price to earnings

34.68Fairly valued

41st percentile of 4,684 days · median 38.67

Price to book

3.51Slightly expensive

72nd percentile of 4,718 days · median 2.19

Dividend yield

0.52%Fairly valued

56th percentile of 4,718 days · median 0.46

Where the Nifty Realty P/E ratio sits today

Valuation zones for the Nifty Realty price to earnings
Zone	P/E range	What it has meant
Undervalued	below 17.50	Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here	17.50 – 38.67	Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive	38.67 – 69.01	Above the historical middle. Stagger a lump sum rather than timing it.
Expensive	above 69.01	Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 4,684 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 Realty 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 Realty by starting P/E zone
Started in	Next 1Y	Next 3Y	Next 5Y
Undervalued	too few	too few	too few
Fairly valuedyou are here	+5.1% -47.6% to +132.5% 48% lost money	+10.5% -20.3% to +41.3% 30% lost money	+6.6% -4.9% to +39.6% 8% lost money
Slightly expensive	+3.1% -36.6% to +142.5% 49% lost money	+20.1% -10.8% to +47.5% 19% lost money	+17.2% +4.3% to +33.0% 0% lost money
Expensive	+21.6% -33.7% to +88.7% 42% lost money	+28.1% -7.4% to +46.5% 13% lost money	+18.0% +3.6% to +30.2% 0% lost money

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 2007

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 Realty P/E ratio, month by month

90th pct 69.01median 38.6710th pct 17.50

Price to earnings by month, 2007 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2007	·	·	·	·	·	·	·	44.29	49.02	59.84	45.68	52.92
2008	58.93	36.74	28.25	27.84	28.45	18.28	15.07	15.84	12.52	7.74	5.57	6.29
2009	5.02	5.39	5.42	8.44	12.21	23.66	26.25	41.34	46.41	46.15	55.71	55.94
2010	57.11	41.85	42.24	44.19	38.65	30.79	33.65	34.13	34.29	37.70	29.23	23.62
2011	21.34	17.87	17.61	21.03	16.09	15.62	16.36	13.63	14.11	16.08	15.63	13.31
2012	14.57	18.30	19.07	19.14	17.84	22.18	23.71	20.98	22.52	25.59	25.84	29.69
2013	31.07	30.11	27.17	25.65	24.48	27.55	25.26	25.44	28.25	27.66	27.05	29.38
2014	28.68	26.69	37.02	40.69	46.34	38.58	37.14	35.41	34.16	29.21	32.20	30.36
2015	31.59	31.44	30.39	29.72	28.36	27.46	28.16	27.88	28.41	30.87	28.88	29.84
2016	27.94	24.77	27.79	30.91	32.37	36.66	40.30	40.98	40.72	39.97	31.89	32.34
2017	36.19	40.51	40.89	47.38	51.78	53.61	62.96	64.14	71.59	57.86	60.63	59.68
2018	72.47	69.29	75.93	82.24	81.77	68.62	76.48	74.66	82.05	74.69	79.99	108.20
2019	107.99	80.18	45.08	47.70	47.69	46.29	47.38	43.72	37.09	35.99	28.27	29.02
2020	33.11	29.02	19.96	17.24	17.22	27.35	27.34	43.52	46.68	48.75	134.06	178.67
2021	188.84	225.47	221.21	761.70	748.58	62.47	68.36	58.09	62.30	73.81	67.75	62.02
2022	63.23	58.10	55.78	58.80	45.21	52.81	55.77	43.46	43.55	39.95	41.76	41.77
2023	41.22	37.64	36.81	38.53	39.42	48.35	50.83	78.53	84.80	48.99	44.86	47.71
2024	54.85	55.50	55.15	62.26	61.81	67.52	66.87	56.34	57.29	53.62	49.59	54.76
2025	47.62	40.91	40.11	41.20	45.67	50.20	48.18	43.08	42.45	45.02	43.50	40.65
2026	39.25	37.07	32.03	36.83	34.41	35.09	39.29	38.32	36.59	34.68	·	·

cheapestdearest· shaded by rank among all 231 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Realty P/B ratio, month by month

90th pct 5.66median 2.1910th pct 0.85

Price to book by month, 2007 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2007	·	·	·	·	·	·	·	42.51	41.70	38.74	38.95	40.86
2008	34.35	26.82	16.28	16.04	16.79	12.37	9.43	7.64	5.16	1.87	1.41	1.59
2009	1.27	1.03	1.04	1.61	2.18	3.42	3.38	3.99	4.31	4.18	3.35	3.30
2010	3.36	2.80	2.83	2.99	2.79	2.66	3.00	3.08	3.09	2.93	2.59	2.09
2011	1.90	1.59	1.60	1.88	1.75	1.46	1.46	1.13	1.16	1.06	0.94	0.85
2012	0.94	1.17	1.09	1.09	0.85	0.89	0.93	0.89	0.89	0.98	0.99	1.10
2013	1.16	1.08	0.98	0.97	1.00	0.85	0.79	0.69	0.70	0.80	0.81	0.83
2014	0.81	0.73	0.84	0.98	1.06	1.33	1.29	1.20	1.17	0.96	1.06	1.00
2015	1.04	1.12	1.09	1.07	0.98	0.88	0.87	0.84	0.79	0.84	0.78	0.78
2016	0.73	0.62	0.69	0.77	0.81	0.86	0.95	0.95	0.92	0.92	0.74	0.74
2017	0.80	0.86	0.92	1.06	1.15	1.18	1.26	1.23	1.29	1.22	1.33	1.44
2018	1.55	1.45	1.39	1.35	1.34	1.24	1.20	1.25	1.19	1.24	1.33	1.38
2019	1.40	1.35	2.13	2.30	2.33	2.46	2.59	2.50	2.41	2.37	2.62	2.72
2020	2.90	2.74	1.88	1.63	1.52	1.80	1.81	1.89	1.88	1.80	1.96	2.35
2021	2.56	2.76	2.75	2.60	2.58	2.90	3.08	3.03	3.23	4.00	4.17	3.98
2022	3.97	3.67	3.53	3.67	3.16	3.12	3.21	3.33	3.40	3.11	3.23	3.24
2023	3.14	2.99	2.90	3.18	3.42	3.80	3.99	3.94	4.09	3.80	4.37	4.74
2024	5.38	5.58	5.61	6.00	6.25	6.92	6.89	6.15	6.22	5.87	5.61	6.03
2025	5.26	4.83	4.74	4.94	5.28	5.77	5.01	4.33	4.14	4.50	4.53	4.26
2026	4.12	3.98	3.44	3.73	3.75	3.78	4.16	3.98	3.75	3.56	·	·

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

90th pct 0.99median 0.4610th pct 0.20

Dividend yield by month, 2007 to 2026, as the median of each month’s daily closes
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2007	·	·	·	·	·	·	·	0.06	0.06	0.05	0.05	0.04
2008	0.11	0.14	0.18	0.18	0.17	0.23	0.31	0.41	0.55	2.91	3.85	3.41
2009	4.28	5.22	5.20	3.33	2.47	1.60	1.58	1.29	1.13	0.83	0.28	0.27
2010	0.26	0.31	0.31	0.29	0.32	0.33	0.29	0.31	0.32	0.32	0.36	0.44
2011	0.49	0.58	0.57	0.41	0.54	0.54	0.56	0.65	0.70	0.59	0.63	0.77
2012	0.70	0.57	0.62	0.62	0.68	0.65	0.62	0.67	0.69	0.59	0.54	0.49
2013	0.44	0.48	0.52	0.57	0.56	0.65	0.70	0.86	0.88	0.87	0.89	0.90
2014	1.10	1.23	1.07	0.97	0.90	0.72	0.74	0.81	0.83	0.98	0.94	0.99
2015	0.95	0.88	0.90	0.92	1.01	1.12	1.13	1.14	1.16	0.81	0.88	0.87
2016	0.93	1.10	0.99	0.89	0.84	0.78	0.71	0.59	0.58	0.57	0.71	0.72
2017	0.67	0.62	0.57	0.49	0.46	0.45	0.43	0.44	0.41	0.46	0.38	0.03
2018	0.03	0.03	0.26	0.27	0.27	0.35	0.36	0.35	0.44	0.65	0.60	0.58
2019	0.57	0.60	0.57	0.53	0.54	0.51	0.47	0.51	0.51	0.53	0.49	0.47
2020	0.41	0.32	0.46	0.54	0.57	0.48	0.45	0.43	0.81	0.90	0.83	0.69
2021	0.62	0.58	0.58	0.15	0.15	0.13	0.11	0.12	0.25	0.19	0.18	0.19
2022	0.19	0.20	0.21	0.20	0.23	0.23	0.26	0.43	0.32	0.34	0.32	0.32
2023	0.33	0.34	0.35	0.33	0.30	0.28	0.27	0.33	0.33	0.34	0.31	0.29
2024	0.26	0.26	0.26	0.24	0.24	0.24	0.29	0.37	0.35	0.37	0.39	0.35
2025	0.41	0.44	0.45	0.42	0.40	0.34	0.25	0.30	0.34	0.33	0.32	0.34
2026	0.35	0.36	0.42	0.38	0.38	0.37	0.34	0.52	0.48	0.51	·	·

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From the blog

Frequently asked questions

What is the Nifty Realty P/E ratio today?

The Nifty Realty closed at a price-to-earnings ratio of 34.68 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 Realty overvalued right now?

Against its own history it is fairly valued: a P/E of 34.68 is the 41st percentile of 4,684 daily closes, against a median of 38.67 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 Realty?

There is no single good number, but there is a measured middle: 17.50 to 69.01 is the middle 80% of 4,684 daily closes, and the median sits at 38.67. Below 17.50 is the cheapest tenth of this index's own history and above 69.01 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 Realty P/B ratio?

The Nifty Realty price-to-book ratio is 3.51 as of 27 October 2026, against a historical median of 2.19. 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 Realty dividend yield?

The Nifty Realty dividend yield is 0.52% as of 27 October 2026, against a historical median of 0.46%. 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.