Nifty PSE PE Ratio
Valuation Percentile
Nifty PSE's PB is cheaper than 56% of the last 5 years.
The Nifty PSE PE ratio is 11.06 as of 20 August 2026, about 10% above its 5-year median of 10.05, which places it in slightly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 11.28 | -1.95% |
| 15 Years | 10.84 | +2.03% |
| 10 Years | 10.50 | +5.33% |
| 7 Years | 9.66 | +14.55% |
| 5 Years | 10.05 | +10.00% |
| 3 Years | 11.38 | -2.81% |
| 1 Year | 11.21 | -1.38% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2000 returned a median of +12.84% (best +179.21%, worst -53.37%).
Today's PE of 11.18 sits in band 3 of 5 of this index's history (PE 10.4 to 11.8). From this band, 5-year forward returns had a median of +11.36% a year and were positive in 94% of windows (1,041 windows since 2000).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty PSE. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty PSE
The Nifty PSE contains 20 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (34.2%) and Power (26.2%).
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
- The index is designed to reflect the behaviour of public sector enterprises (PSE) companies. Companies with 51% of their outstanding share capital held by the Central Government and/or State Government, directly or indirectly are considered as PSEs. The index comprises of maximum of 20 companies.
- 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 PSE; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty PSE PE ratio?
As of 20 August 2026, the Nifty PSE PE ratio is 11.06. That is about 10% above its 5-year median of 10.05 and about 1% below its 1-year median of 11.21.
Is the Nifty PSE undervalued right now?
On a historical basis it screens as slightly overvalued. Its current PE of 11.06 compares with its historical medians: 1-year (11.21), 3-year (11.38), 5-year (10.05), 7-year (9.66), 10-year (10.50), 15-year (10.84) and full-history (11.28).
What is a normal PE ratio for the Nifty PSE?
Over the past five years its median PE has been 10.05, and over the past three years 11.38. Today's 11.06 is toward the upper end of that historical range.
How many stocks are in the Nifty PSE?
The Nifty PSE contains 20 stocks. By number of companies, its largest sectors are Oil Gas & Consumable Fuels (7 stocks), Capital Goods (3 stocks) and Financial Services (3 stocks).
What returns has the Nifty PSE delivered?
As of July 2026, the Nifty PSE total return (with dividends reinvested) is +4.87% over the past year and +25.90% 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 PSE?
Over the year to July 2026, the Nifty PSE had an annualized volatility (standard deviation of daily returns) of 15.65%. Its beta versus the Nifty 50 is 0.78, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty PSE?
Across every one-year holding window since 2000, the Nifty PSE total return has a median of +12.84%, with the best window at +179.21% and the worst at -53.37%. 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 PSE currently trades at a PE of 11.18, in band 3 of 5 of its own PE history. Across 1,041 overlapping 5-year windows since 2000 that began in this band, the median forward return was +11.36% a year, positive in 94% of windows. A past distribution, not a prediction.
Last updated: 20 August 2026.