Nifty Energy PE Ratio
Valuation Percentile
Nifty Energy's PB is cheaper than 92% of the last 5 years.
The Nifty Energy PE ratio is 14.41 as of 1 October 2026, about 3% above its 5-year median of 14.05, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 14.07 | +2.42% |
| 15 Years | 13.40 | +7.54% |
| 10 Years | 14.10 | +2.20% |
| 7 Years | 13.73 | +4.91% |
| 5 Years | 14.05 | +2.53% |
| 3 Years | 14.96 | -3.68% |
| 1 Year | 15.00 | -3.93% |
Historical PE Ratio
Series start. P/E is published from 1 Jul 2005. Index values go back to 1 Jan 2001.
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 Energy earnings grew +5.93% a year over the last 5 years, while the index moved +9.61% a year and its P/E went from 12.2 to 14.4.
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 Energy
3 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (3)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Mirae Asset Nifty Energy ETF | ENERGY | 36.74 | 36.94 | -0.53% | - |
| Motilal Oswal Nifty Energy ETF | MOENERGY | 37 | 36.86 | +0.39% | - |
| Axis Nifty Energy ETF | ENERGYAXIS | 18.27 | 18.36 | -0.49% | - |
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Axis Nifty Energy Index Fund | Axis Asset Management Co. Ltd. | 9.581 Oct 2026 | 2026 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2005 returned a median of +12.17% (best +110.03%, worst -54.67%).
Today's PE of 14.41 sits in band 3 of 5 of this index's history (PE 13.3 to 14.8). From this band, 5-year forward returns had a median of +13.62% a year and were positive in 100% of windows (723 windows since 2005).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Energy. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Energy
The Nifty Energy contains 40 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (50.0%) and Power (25.1%).
Recent changes
4 October 2026: Added TD Power Systems Ltd.. Removed SJVN Ltd..
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
- The index is designed to reflect the behaviour and performance of companies that represents sectors such as petroleum, gas and power etc. A comprehensive list of basic industries eligible to be included in this index can be accessed in a separate section in this document {Click Here}.
- 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 Energy; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Energy PE ratio?
As of 1 October 2026, the Nifty Energy PE ratio is 14.41. That is about 3% above its 5-year median of 14.05 and about 4% below its 1-year median of 15.00.
Is the Nifty Energy undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 14.41 compares with its historical medians: 1-year (15.00), 3-year (14.96), 5-year (14.05), 7-year (13.73), 10-year (14.10), 15-year (13.40) and full-history (14.07).
What is a normal PE ratio for the Nifty Energy?
Over the past five years its median PE has been 14.05, and over the past three years 14.96. Today's 14.41 is around the middle of that historical range.
How many stocks are in the Nifty Energy?
The Nifty Energy contains 40 stocks. By number of companies, its largest sectors are Power (15 stocks), Oil Gas & Consumable Fuels (14 stocks) and Capital Goods (11 stocks).
What returns has the Nifty Energy delivered?
As of September 2026, the Nifty Energy total return (with dividends reinvested) is +5.89% over the past year and +11.59% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty Energy?
Over the year to September 2026, the Nifty Energy had an annualized volatility (standard deviation of daily returns) of 15.83%. Its beta versus the Nifty 50 is 0.77, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty Energy?
Across every one-year holding window since 2005, the Nifty Energy total return has a median of +12.17%, with the best window at +110.03% and the worst at -54.67%. 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 Energy currently trades at a PE of 14.41, in band 3 of 5 of its own PE history. Across 723 overlapping 5-year windows since 2005 that began in this band, the median forward return was +13.62% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty Energy earnings grown?
Nifty Energy earnings, measured as the index level divided by its P/E, grew +5.93% a year over the last 5 years, while the index itself moved +9.61% a year and its P/E rose from 12.15 to 14.41. Past growth, not a forecast.
Last updated: 1 October 2026.