Nifty CPSE PE Ratio
Valuation Percentile
Nifty CPSE's PB is cheaper than 57% of the last 5 years.
The Nifty CPSE PE ratio is 12.33 as of 19 August 2026, about 4% above its 5-year median of 11.80, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 10.89 | +13.22% |
| 10 Years | 10.64 | +15.88% |
| 7 Years | 9.19 | +34.17% |
| 5 Years | 11.80 | +4.49% |
| 3 Years | 13.28 | -7.15% |
| 1 Year | 13.57 | -9.17% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2009 returned a median of +9.61% (best +134.31%, worst -46.15%).
Today's PE of 12.43 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 +3.90% a year and were positive in 85% of windows (435 windows since 2014).
View full performance and risk
Returns as of July 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 (45.5%) and Oil, Gas & Consumable Fuels (31.9%).
Constituent list as of 16 August 2026, sourced from NSE Indices. Weights as of 31 July 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 19 August 2026, the Nifty CPSE PE ratio is 12.33. That is about 4% above its 5-year median of 11.80 and about 9% below its 1-year median of 13.57.
Is the Nifty CPSE undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 12.33 compares with its historical medians: 1-year (13.57), 3-year (13.28), 5-year (11.80), 7-year (9.19), 10-year (10.64) and full-history (10.89).
What is a normal PE ratio for the Nifty CPSE?
Over the past five years its median PE has been 11.80, and over the past three years 13.28. Today's 12.33 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 July 2026, the Nifty CPSE total return (with dividends reinvested) is +4.69% over the past year and +29.88% 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 2009, the Nifty CPSE total return has a median of +9.61%, 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 12.43, in band 4 of 5 of its own PE history. Across 435 overlapping 5-year windows since 2014 that began in this band, the median forward return was +3.90% a year, positive in 85% of windows. A past distribution, not a prediction.
Last updated: 19 August 2026.