Nifty CPSE PE Ratio
Valuation Percentile
Nifty CPSE's PB is cheaper than 63% of the last 5 years.
The Nifty CPSE PE ratio is 11.81 as of 1 October 2026, about 3% below its 5-year median of 12.17, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 10.91 | +8.20% |
| 10 Years | 10.64 | +11.00% |
| 7 Years | 9.41 | +25.50% |
| 5 Years | 12.17 | -2.96% |
| 3 Years | 13.28 | -11.07% |
| 1 Year | 13.50 | -12.55% |
Historical PE Ratio
Series start. P/E is published from 18 Mar 2014. Index values go back to 1 Jan 2009.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty CPSE earnings grew +12.31% a year over the last 5 years, while the index moved +20.93% a year and its P/E went from 8.2 to 11.8.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty CPSE
1 ETF and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| CPSE ETF | CPSEETF | 90.1 | 91.03 | -1.02% | -4.17% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2014 returned a median of +12.85% (best +134.31%, worst -46.15%).
Today's PE of 11.81 sits in band 4 of 5 of this index's history (PE 11.4 to 13.0). From this band, 5-year forward returns had a median of +3.87% a year and were positive in 86% of windows (415 windows since 2014).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty CPSE. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty CPSE
The Nifty CPSE contains 11 constituents. Its largest sectors by weight are Power (44.3%) and Oil, Gas & Consumable Fuels (32.4%).
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Selection
- Nifty CPSE Index is constructed in order to facilitate Government of India’s initiative to dis-invest some of its stake in selected CPSEs.
- Weight cap
- At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.
Summarised from NSE's official methodology document (PDF) for the Nifty CPSE; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty CPSE PE ratio?
As of 1 October 2026, the Nifty CPSE PE ratio is 11.81. That is about 3% below its 5-year median of 12.17 and about 13% below its 1-year median of 13.50.
Is the Nifty CPSE undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 11.81 compares with its historical medians: 1-year (13.50), 3-year (13.28), 5-year (12.17), 7-year (9.41), 10-year (10.64) and full-history (10.91).
What is a normal PE ratio for the Nifty CPSE?
Over the past five years its median PE has been 12.17, and over the past three years 13.28. Today's 11.81 is toward the lower end of that historical range.
How many stocks are in the Nifty CPSE?
The Nifty CPSE contains 11 stocks. By number of companies, its largest sectors are Power (5 stocks), Oil Gas & Consumable Fuels (3 stocks) and Capital Goods (2 stocks).
What returns has the Nifty CPSE delivered?
As of September 2026, the Nifty CPSE total return (with dividends reinvested) is -1.55% over the past year and +24.71% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
What is a typical one-year return for the Nifty CPSE?
Across every one-year holding window since 2014, the Nifty CPSE total return has a median of +12.85%, with the best window at +134.31% and the worst at -46.15%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 5-year returns been from PE levels like today's?
The Nifty CPSE currently trades at a PE of 11.81, in band 4 of 5 of its own PE history. Across 415 overlapping 5-year windows since 2014 that began in this band, the median forward return was +3.87% a year, positive in 86% of windows. A past distribution, not a prediction.
How fast have Nifty CPSE earnings grown?
Nifty CPSE earnings, measured as the index level divided by its P/E, grew +12.31% a year over the last 5 years, while the index itself moved +20.93% a year and its P/E rose from 8.16 to 11.81. Past growth, not a forecast.
Last updated: 1 October 2026.