Nifty Rural PE Ratio
Valuation Percentile
Nifty Rural's PB is cheaper than 100% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty Rural PE ratio is 21.30 as of 1 October 2026, about 16% below its 1-year median of 25.33, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 25.33 | -15.91% |
Historical PE Ratio
Series start. P/E is published from 25 Jul 2024. 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 Rural earnings grew +8.02% a year over the last 1 year, while the index moved -9.39% a year and its P/E went from 25.4 to 21.3.
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 2024 returned a median of +5.29% (best +23.03%, worst -8.49%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Rural. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Rural
The Nifty Rural contains 75 constituents. Its largest sectors by weight are Financial Services (24.9%) and Automobile and Auto Components (19.4%).
Recent changes
4 October 2026: Added Ather Energy Ltd., Tata Capital Ltd.. Removed ACC Ltd., Escorts Kubota 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 and performance of portfolio of stocks that represent the rural theme. A comprehensive list of basic industries eligible to be included in this index can be accessed in a separate section in this document {Click Here}.
- 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 Rural; the PDF is authoritative.
Stay Updated
Get weekly market insights and valuation updates delivered to your inbox.
Similar Indices
Frequently Asked Questions
What is the current Nifty Rural PE ratio?
As of 1 October 2026, the Nifty Rural PE ratio is 21.30. That is about 16% below its 1-year median of 25.33.
Is the Nifty Rural undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 21.30 sits below every median window: 1-year (25.33).
What is a normal PE ratio for the Nifty Rural?
Over the past one year its median PE has been 25.33, and over the past six months 23.96. Today's 21.30 is toward the lower end of that historical range.
How many stocks are in the Nifty Rural?
The Nifty Rural contains 75 stocks. By number of companies, its largest sectors are Financial Services (24 stocks), Fast Moving Consumer Goods (10 stocks) and Automobile and Auto Components (9 stocks).
What returns has the Nifty Rural delivered?
As of September 2026, the Nifty Rural total return (with dividends reinvested) is -6.43% over the past year and +10.20% 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 Rural?
Over the year to September 2026, the Nifty Rural had an annualized volatility (standard deviation of daily returns) of 15.19%. Its beta versus the Nifty 50 is 1.05, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty Rural?
Across every one-year holding window since 2024, the Nifty Rural total return has a median of +5.29%, with the best window at +23.03% and the worst at -8.49%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty Rural earnings grown?
Nifty Rural earnings, measured as the index level divided by its P/E, grew +8.02% a year over the last 1 year, while the index itself moved -9.39% a year and its P/E fell from 25.39 to 21.30. Past growth, not a forecast.
Last updated: 1 October 2026.