Nifty PSE PE Ratio
Valuation Percentile
Nifty PSE's PB is cheaper than 63% of the last 5 years.
The Nifty PSE PE ratio is 10.37 as of 1 October 2026, about 1% above its 5-year median of 10.25, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 11.27 | -7.99% |
| 15 Years | 10.82 | -4.16% |
| 10 Years | 10.50 | -1.24% |
| 7 Years | 9.74 | +6.47% |
| 5 Years | 10.25 | +1.17% |
| 3 Years | 11.39 | -8.96% |
| 1 Year | 11.07 | -6.32% |
Historical PE Ratio
Series start. P/E is published from 1 Jan 1996. Index values go back to 2 Jan 1995.
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 PSE earnings grew +8.90% a year over the last 5 years, while the index moved +17.51% a year and its P/E went from 7.1 to 10.4.
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 PSE
3 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (3)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty PSE ETF | ABSLPSE | 9.66 | - | - | -4.98% |
| Groww Nifty PSE ETF | GROWWPSE | 94.99 | - | - | - |
| Motilal Oswal Nifty PSE ETF | MOPSE | 94.8 | - | - | -5.90% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2000 returned a median of +12.66% (best +179.21%, worst -53.37%).
Today's PE of 10.37 sits in band 2 of 5 of this index's history (PE 8.6 to 10.5). From this band, 5-year forward returns had a median of +26.93% a year and were positive in 100% of windows (1,123 windows since 2000).
View full performance and risk
Returns as of September 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 (33.9%) and Power (25.0%).
Recent changes
4 October 2026: Added National Aluminium Co. Ltd., Steel Authority of India Ltd.. Removed Indian Railway Catering And Tourism Corporation Ltd., Rail Vikas Nigam 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 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 1 October 2026, the Nifty PSE PE ratio is 10.37. That is about 1% above its 5-year median of 10.25 and about 6% below its 1-year median of 11.07.
Is the Nifty PSE undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 10.37 compares with its historical medians: 1-year (11.07), 3-year (11.39), 5-year (10.25), 7-year (9.74), 10-year (10.50), 15-year (10.82) and full-history (11.27).
What is a normal PE ratio for the Nifty PSE?
Over the past five years its median PE has been 10.25, and over the past three years 11.39. Today's 10.37 is toward the lower 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 September 2026, the Nifty PSE total return (with dividends reinvested) is -2.63% over the past year and +20.95% 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 September 2026, the Nifty PSE had an annualized volatility (standard deviation of daily returns) of 15.35%. Its beta versus the Nifty 50 is 0.77, 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 +12.66%, 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 10.37, in band 2 of 5 of its own PE history. Across 1,123 overlapping 5-year windows since 2000 that began in this band, the median forward return was +26.93% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty PSE earnings grown?
Nifty PSE earnings, measured as the index level divided by its P/E, grew +8.90% a year over the last 5 years, while the index itself moved +17.51% a year and its P/E rose from 7.09 to 10.37. Past growth, not a forecast.
Last updated: 1 October 2026.