Nifty EV & New Age Automotive PE Ratio
Valuation Percentile
Nifty EV & New Age Automotive's PB is cheaper than 99% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty EV & New Age Automotive PE ratio is 39.88 as of 1 October 2026, about 5% above its 1-year median of 37.92, which places it in slightly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 37.92 | +5.17% |
Historical PE Ratio
Series start. P/E is published from 30 May 2024. Index values go back to 2 Apr 2018.
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 EV & New Age Automotive earnings grew -21.57% a year over the last 1 year, while the index moved -3.65% a year and its P/E went from 32.5 to 39.9.
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 EV & New Age Automotive
3 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (3)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Groww Nifty EV & New Age Automotive ETF | GROWWEV | 30.06 | - | - | -3.59% |
| Mirae Asset Nifty EV and New Age Automotive ETF | EVINDIA | 30.05 | - | - | -3.75% |
| ICICI Prudential Nifty EV & New Age Automotive ETF | EVIETF | 30.45 | - | - | -3.84% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2024 returned a median of +3.06% (best +19.83%, worst -14.12%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty EV & New Age Automotive. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty EV & New Age Automotive
The Nifty EV & New Age Automotive contains 37 constituents. Its largest sectors by weight are Automobile and Auto Components (68.5%) and Capital Goods (12.3%).
Recent changes
4 October 2026: Added Sansera Engineering Ltd.. Removed L&T Technology Services Ltd., Minda Corporation 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 Nifty EV & New Age Automotive Index aims to track the performance of the companies which are active in electric vehicles or new age automotive vehicles (such as hybrid vehicles, hydrogen fuel-based vehicles and green hybrid vehicles) segment.
- 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 EV & New Age Automotive; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty EV & New Age Automotive PE ratio?
As of 1 October 2026, the Nifty EV & New Age Automotive PE ratio is 39.88. That is about 5% above its 1-year median of 37.92.
Is the Nifty EV & New Age Automotive undervalued right now?
On a historical basis it screens as slightly overvalued. Its current PE of 39.88 sits above every median window: 1-year (37.92).
What is a normal PE ratio for the Nifty EV & New Age Automotive?
Over the past one year its median PE has been 37.92, and over the past six months 41.45. Today's 39.88 is around the middle of that historical range.
How many stocks are in the Nifty EV & New Age Automotive?
The Nifty EV & New Age Automotive contains 37 stocks. By number of companies, its largest sectors are Automobile and Auto Components (25 stocks), Capital Goods (5 stocks) and Chemicals (3 stocks).
What returns has the Nifty EV & New Age Automotive delivered?
As of September 2026, the Nifty EV & New Age Automotive total return (with dividends reinvested) is +0.54% over the past year and +17.86% 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 EV & New Age Automotive?
Over the year to September 2026, the Nifty EV & New Age Automotive had an annualized volatility (standard deviation of daily returns) of 17.87%. Its beta versus the Nifty 50 is 1.13, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty EV & New Age Automotive?
Across every one-year holding window since 2024, the Nifty EV & New Age Automotive total return has a median of +3.06%, with the best window at +19.83% and the worst at -14.12%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty EV & New Age Automotive earnings grown?
Nifty EV & New Age Automotive earnings, measured as the index level divided by its P/E, grew -21.57% a year over the last 1 year, while the index itself moved -3.65% a year and its P/E rose from 32.47 to 39.88. Past growth, not a forecast.
Last updated: 1 October 2026.