Nifty Infrastructure PE Ratio
Valuation Percentile
Nifty Infrastructure's PB is cheaper than 97% of the last 5 years.
The Nifty Infrastructure PE ratio is 21.52 as of 1 October 2026, about 1% above its 5-year median of 21.31, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 22.18 | -2.98% |
| 15 Years | 21.44 | +0.37% |
| 10 Years | 23.12 | -6.90% |
| 7 Years | 21.70 | -0.83% |
| 5 Years | 21.31 | +0.99% |
| 3 Years | 21.88 | -1.65% |
| 1 Year | 21.55 | -0.16% |
Historical PE Ratio
Series start. P/E is published from 7 Aug 2007. Index values go back to 1 Jan 2004.
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 Infrastructure earnings grew +10.26% a year over the last 5 years, while the index moved +11.37% a year and its P/E went from 20.5 to 21.5.
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 Infrastructure
2 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (2)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| ICICI Prudential Nifty Infrastructure ETF | INFRAIETF | 90.38 | - | - | -4.20% |
| Nippon India ETF Nifty Infrastructure BeES | INFRABEES | 905.35 | - | - | -4.60% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2007 returned a median of +4.40% (best +101.06%, worst -63.09%).
Today's PE of 21.52 sits in band 3 of 5 of this index's history (PE 21.3 to 23.9). From this band, 5-year forward returns had a median of +2.17% a year and were positive in 83% of windows (472 windows since 2007).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Infrastructure. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Infrastructure
The Nifty Infrastructure contains 30 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (27.4%) and Telecommunication (15.8%).
Recent changes
4 October 2026: Added Adani Power Ltd., GE Vernova T&D India Ltd.. Removed Ambuja Cements Ltd., Shree Cement 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 infrastructure sector such as power, port, air, roads, railways, shipping etc.
- 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 Infrastructure; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Infrastructure PE ratio?
As of 1 October 2026, the Nifty Infrastructure PE ratio is 21.52. That is about 1% above its 5-year median of 21.31 and about 0% below its 1-year median of 21.55.
Is the Nifty Infrastructure undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 21.52 compares with its historical medians: 1-year (21.55), 3-year (21.88), 5-year (21.31), 7-year (21.70), 10-year (23.12), 15-year (21.44) and full-history (22.18).
What is a normal PE ratio for the Nifty Infrastructure?
Over the past five years its median PE has been 21.31, and over the past three years 21.88. Today's 21.52 is toward the lower end of that historical range.
How many stocks are in the Nifty Infrastructure?
The Nifty Infrastructure contains 30 stocks. By number of companies, its largest sectors are Oil Gas & Consumable Fuels (6 stocks), Capital Goods (5 stocks) and Power (5 stocks).
What returns has the Nifty Infrastructure delivered?
As of September 2026, the Nifty Infrastructure total return (with dividends reinvested) is -2.23% over the past year and +12.78% 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 Infrastructure?
Over the year to September 2026, the Nifty Infrastructure had an annualized volatility (standard deviation of daily returns) of 15.21%. Its beta versus the Nifty 50 is 1.02, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty Infrastructure?
Across every one-year holding window since 2007, the Nifty Infrastructure total return has a median of +4.40%, with the best window at +101.06% and the worst at -63.09%. 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 Infrastructure currently trades at a PE of 21.52, in band 3 of 5 of its own PE history. Across 472 overlapping 5-year windows since 2007 that began in this band, the median forward return was +2.17% a year, positive in 83% of windows. A past distribution, not a prediction.
How fast have Nifty Infrastructure earnings grown?
Nifty Infrastructure earnings, measured as the index level divided by its P/E, grew +10.26% a year over the last 5 years, while the index itself moved +11.37% a year and its P/E rose from 20.47 to 21.52. Past growth, not a forecast.
Last updated: 1 October 2026.