Nifty Media PE Ratio
Valuation Percentile
Nifty Media's PB is cheaper than 71% of the last 5 years.
The Nifty Media PE ratio is 40.80 as of 1 October 2026, about 32% below its 5-year median of 60.27, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 42.49 | -3.98% |
| 15 Years | 42.73 | -4.53% |
| 10 Years | 43.82 | -6.89% |
| 7 Years | 73.19 | -44.25% |
| 5 Years | 60.27 | -32.30% |
| 3 Years | 42.58 | -4.18% |
| 1 Year | 36.92 | +10.49% |
Historical PE Ratio
Data gap. P/E is unavailable from 7 Aug 2020 to 30 Dec 2021, 3 Jun 2022 to 4 Aug 2022 and 30 Sept 2022 to 30 May 2025 because the index’s aggregate earnings were negative, so no ratio could be published. The line bridges those dates, and medians and forward returns skip them.
Series start. P/E is published from 19 Jul 2011. Index values go back to 30 Dec 2005.
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 Media earnings grew +42.77% a year over the last 5 years, while the index moved +2.40% a year and its P/E went from 315.6 to 40.8.
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.
Performance and risk
1-year holding windows since 2011 returned a median of +5.60% (best +69.87%, worst -58.53%).
Today's PE of 40.80 sits in band 3 of 5 of this index's history (PE 40.5 to 46.1). From this band, 5-year forward returns had a median of -0.30% a year and were positive in 49% of windows (507 windows since 2011).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Media. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Media
The Nifty Media contains 10 constituents.
Recent changes
4 October 2026: Added MPS Ltd.. Removed Hathway Cable & Datacom 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 Media Index is designed to reflect the behavior and performance of sectors such as advertising, media & entertainment, printing and publishing etc.
- Rebalanced
- Semi-annually. The review of sectoral indices is undertaken semi-annually based on data for six months ending January and July.
- Weight cap
- For all other sectoral indices, the weight of each stock is capped at 33% and the weight of top 3 stocks is capped at 62%
Summarised from NSE's official methodology document (PDF) for the Nifty Media; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Media PE ratio?
As of 1 October 2026, the Nifty Media PE ratio is 40.80. That is about 32% below its 5-year median of 60.27 and about 10% above its 1-year median of 36.92.
Is the Nifty Media undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 40.80 compares with its historical medians: 1-year (36.92), 3-year (42.58), 5-year (60.27), 7-year (73.19), 10-year (43.82), 15-year (42.73) and full-history (42.49).
What is a normal PE ratio for the Nifty Media?
Over the past five years its median PE has been 60.27, and over the past three years 42.58. Today's 40.80 is toward the lower end of that historical range.
How many stocks are in the Nifty Media?
The Nifty Media contains 10 stocks. By number of companies, its largest sectors are Media Entertainment & Publication (10 stocks).
What returns has the Nifty Media delivered?
As of September 2026, the Nifty Media total return (with dividends reinvested) is +3.15% over the past year and -5.31% 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 Media?
Over the year to September 2026, the Nifty Media had an annualized volatility (standard deviation of daily returns) of 22.34%. Its beta versus the Nifty 50 is 0.90, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty Media?
Across every one-year holding window since 2011, the Nifty Media total return has a median of +5.60%, with the best window at +69.87% and the worst at -58.53%. 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 Media currently trades at a PE of 40.80, in band 3 of 5 of its own PE history. Across 507 overlapping 5-year windows since 2011 that began in this band, the median forward return was -0.30% a year, positive in 49% of windows. A past distribution, not a prediction.
How fast have Nifty Media earnings grown?
Nifty Media earnings, measured as the index level divided by its P/E, grew +42.77% a year over the last 5 years, while the index itself moved +2.40% a year and its P/E fell from 315.57 to 40.80. Past growth, not a forecast.
How often is the Nifty Media rebalanced?
The Nifty Media is rebalanced semi-annually. The review of sectoral indices is undertaken semi-annually based on data for six months ending January and July. Details are in the official NSE methodology document.
Last updated: 1 October 2026.