Nifty India Defence PE Ratio
Valuation Percentile
Nifty India Defence's PB is more expensive than 50% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty India Defence PE ratio is 59.26 as of 19 August 2026, about 12% above its 3-year median of 52.73, which places it in slightly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 52.73 | +12.38% |
| 1 Year | 55.16 | +7.43% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2018 returned a median of +43.73% (best +207.03%, worst -37.52%).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty India Defence. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty India Defence
The Nifty India Defence contains 19 constituents. Its largest sectors by weight are Capital Goods (73.3%) and Automobile and Auto Components (15.2%).
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
- NSE Indices has developed the Nifty India Defence Index which aims to track the performance of portfolio of stocks that broadly represent the Defence theme.
- 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 India Defence; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty India Defence PE ratio?
As of 19 August 2026, the Nifty India Defence PE ratio is 59.26. That is about 12% above its 3-year median of 52.73 and about 7% above its 1-year median of 55.16.
Is the Nifty India Defence undervalued right now?
On a historical basis it screens as slightly overvalued. Its current PE of 59.26 sits above every median window: 1-year (55.16) and 3-year (52.73).
What is a normal PE ratio for the Nifty India Defence?
Over the past three years its median PE has been 52.73, and over the past one year 55.16. Today's 59.26 is toward the upper end of that historical range.
How many stocks are in the Nifty India Defence?
The Nifty India Defence contains 19 stocks. By number of companies, its largest sectors are Capital Goods (17 stocks), Automobile and Auto Components (1 stock) and Chemicals (1 stock).
What returns has the Nifty India Defence delivered?
As of July 2026, the Nifty India Defence total return (with dividends reinvested) is +20.68% over the past year and +54.33% 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 India Defence?
Over the year to July 2026, the Nifty India Defence had an annualized volatility (standard deviation of daily returns) of 24.48%. Its beta versus the Nifty 50 is 1.16, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty India Defence?
Across every one-year holding window since 2018, the Nifty India Defence total return has a median of +43.73%, with the best window at +207.03% and the worst at -37.52%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
Last updated: 19 August 2026.