Nifty REITs & InvITs PE Ratio
Valuation Percentile
Nifty REITs & InvITs's PB is more expensive than 100% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty REITs & InvITs PE ratio is 57.78 as of 1 October 2026, about 88% above its 3-year median of 30.68, which places it in significantly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 30.68 | +88.33% |
| 1 Year | 45.54 | +26.88% |
Historical PE Ratio
Series start. P/E is published from 14 Mar 2023. Index values go back to 1 Jul 2019.
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 REITs & InvITs earnings grew +28.82% a year over the last 3 years, while the index moved +12.84% a year and its P/E went from 86.0 to 57.8.
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 2023 returned a median of +17.80% (best +31.04%, worst +6.64%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty REITs & InvITs. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty REITs & InvITs
The Nifty REITs & InvITs contains 15 constituents. Its largest sectors by weight are Realty (68.4%) and Services (15.8%).
Recent changes
4 October 2026: Added Bagmane Prime Office REIT, Cube Highways Trust.
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
- Introduction Nifty REITs & InvITs index aims to track the performance of REITs and InvITs that are publicly listed and traded (listed and traded or not listed but permitted to trade) at the National Stock Exchange.
- 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 REITs & InvITs; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty REITs & InvITs PE ratio?
As of 1 October 2026, the Nifty REITs & InvITs PE ratio is 57.78. That is about 88% above its 3-year median of 30.68 and about 27% above its 1-year median of 45.54.
Is the Nifty REITs & InvITs undervalued right now?
On a historical basis it screens as significantly overvalued. Its current PE of 57.78 sits above every median window: 1-year (45.54) and 3-year (30.68).
What is a normal PE ratio for the Nifty REITs & InvITs?
Over the past three years its median PE has been 30.68, and over the past one year 45.54. Today's 57.78 is toward the upper end of that historical range.
How many stocks are in the Nifty REITs & InvITs?
The Nifty REITs & InvITs contains 15 stocks. By number of companies, its largest sectors are Realty (6 stocks), Services (5 stocks) and Construction (2 stocks).
What returns has the Nifty REITs & InvITs delivered?
As of September 2026, the Nifty REITs & InvITs total return (with dividends reinvested) is +9.88% over the past year and +12.79% 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 REITs & InvITs?
Over the year to September 2026, the Nifty REITs & InvITs had an annualized volatility (standard deviation of daily returns) of 7.62%. Its beta versus the Nifty 50 is 0.20, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty REITs & InvITs?
Across every one-year holding window since 2023, the Nifty REITs & InvITs total return has a median of +17.80%, with the best window at +31.04% and the worst at +6.64%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty REITs & InvITs earnings grown?
Nifty REITs & InvITs earnings, measured as the index level divided by its P/E, grew +28.82% a year over the last 3 years, while the index itself moved +12.84% a year and its P/E fell from 86.03 to 57.78. Past growth, not a forecast.
Last updated: 1 October 2026.