Nifty Private Bank PE Ratio
Valuation Percentile
Nifty Private Bank's PB is cheaper than 100% of the last 5 years.
The Nifty Private Bank PE ratio is 16.49 as of 1 October 2026, about 7% below its 5-year median of 17.79, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 21.19 | -22.16% |
| 10 Years | 22.49 | -26.68% |
| 7 Years | 18.49 | -10.82% |
| 5 Years | 17.79 | -7.31% |
| 3 Years | 16.99 | -2.94% |
| 1 Year | 18.43 | -10.50% |
Historical PE Ratio
Series start. P/E is published from 5 Jan 2016. Index values go back to 1 Apr 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 Private Bank earnings grew +17.18% a year over the last 5 years, while the index moved +6.66% a year and its P/E went from 26.4 to 16.5.
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 Private Bank
8 ETFs and 4 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (8)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| ICICI Prudential Nifty Private Bank ETF | PVTBANIETF | 27.47 | - | - | -0.88% |
| HDFC NIFTY Private Bank ETF | HDFCPVTBAN | 27 | - | - | -0.76% |
| Kotak Nifty Private Bank ETF | PVTBANK | 26.8 | - | - | - |
| Tata Nifty India Digital Exchange Traded Fund | TNIDETF | 81.5 | - | - | -10.85% |
| SBI Nifty Private Bank ETF | SBIETFPB | 279.98 | - | - | +0.75% |
Index funds (4)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| UTI Nifty Private Bank Index Fund | UTI Asset Mgmt. Co. Ltd. | 9.921 Oct 2026 | 2024 |
| DSP Nifty Private Bank Index Fund | DSP Asset Managers Private Limited | 111 Oct 2026 | 2025 |
| ICICI Prudential Nifty Private Bank Index Fund | ICICI Prudential Asset Management Company Limited | 9.61 Oct 2026 | 2025 |
| Groww Nifty Private Bank Index Fund | Groww Asset Management Limited | 9.951 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 2016 returned a median of +12.09% (best +104.00%, worst -46.37%).
Today's PE of 16.49 sits in band 1 of 5 of this index's history (PE below 17.1). From this band, 3-year forward returns had a median of +12.93% a year and were positive in 100% of windows (145 windows since 2016).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Private Bank. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Private Bank
The Nifty Private Bank contains 10 constituents.
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 Private Bank Index is designed to reflect the behavior and performance of the banks from private sector.
- Rebalanced
- Semi-annually. The review of sectoral indices is undertaken semi-annually based on data for six months ending January and July.
- Weight cap
- In the case of Nifty Private Bank index, the weight of each stock is capped at 23% and the weight of top 3 stocks is capped at 62%
Summarised from NSE's official methodology document (PDF) for the Nifty Private Bank; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Private Bank PE ratio?
As of 1 October 2026, the Nifty Private Bank PE ratio is 16.49. That is about 7% below its 5-year median of 17.79 and about 11% below its 1-year median of 18.43.
Is the Nifty Private Bank undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 16.49 sits below every median window: 1-year (18.43), 3-year (16.99), 5-year (17.79), 7-year (18.49), 10-year (22.49) and full-history (21.19).
What is a normal PE ratio for the Nifty Private Bank?
Over the past five years its median PE has been 17.79, and over the past three years 16.99. Today's 16.49 is toward the lower end of that historical range.
How many stocks are in the Nifty Private Bank?
The Nifty Private Bank contains 10 stocks. By number of companies, its largest sectors are Financial Services (10 stocks).
What returns has the Nifty Private Bank delivered?
As of September 2026, the Nifty Private Bank total return (with dividends reinvested) is +1.49% over the past year and +7.26% 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 Private Bank?
Over the year to September 2026, the Nifty Private Bank had an annualized volatility (standard deviation of daily returns) of 16.69%. Its beta versus the Nifty 50 is 1.10, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Private Bank?
Across every one-year holding window since 2016, the Nifty Private Bank total return has a median of +12.09%, with the best window at +104.00% and the worst at -46.37%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 3-year returns been from PE levels like today's?
The Nifty Private Bank currently trades at a PE of 16.49, in band 1 of 5 of its own PE history. Across 145 overlapping 3-year windows since 2016 that began in this band, the median forward return was +12.93% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty Private Bank earnings grown?
Nifty Private Bank earnings, measured as the index level divided by its P/E, grew +17.18% a year over the last 5 years, while the index itself moved +6.66% a year and its P/E fell from 26.39 to 16.49. Past growth, not a forecast.
How often is the Nifty Private Bank rebalanced?
The Nifty Private Bank 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.