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Nifty Services Sector PE Ratio

Moderately UndervaluedThematicNSELast updated: 20 Aug 2026
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Current PE Ratio
19.05
5Y Median PE
21.55
vs 5Y Median
-11.58%

Valuation Percentile

Nifty Services Sector's PB is cheaper than 100% of the last 5 years.

As of 20 Aug 2026 · 5Y daily data (1,240 obs)

The Nifty Services Sector PE ratio is 19.05 as of 20 August 2026, about 12% below its 5-year median of 21.55, which places it in moderately undervalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history22.56-15.56%
7 Years21.97-13.29%
5 Years21.55-11.58%
3 Years21.33-10.69%
1 Year20.52-7.16%

Historical PE Ratio

Performance and risk

1Y total return
-3.32%
5Y total return (p.a.)
+8.66%
Volatility (1Y std dev)
14.11%
Beta vs Nifty 50 (1Y)
1.02

1-year holding windows since 1999 returned a median of +15.00% (best +145.65%, worst -69.10%).

View full performance and risk

Returns as of July 2026, from the NSE factsheet for the Nifty Services Sector. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty Services Sector

The Nifty Services Sector contains 30 constituents. Its largest sectors by weight are Financial Services (61.3%) and Information Technology (13.5%).

Financial Services: 61.3%Information Technology: 13.5%Telecommunication: 8.6%Power: 5.1%Consumer Services: 4.7%Services: 3.5%+2 more sectors
SymbolCompanyIndustryWeight(%)
HDFCBANKHDFC Bank Ltd.Financial Services16.51
ICICIBANKICICI Bank Ltd.Financial Services14.82
BHARTIARTLBharti Airtel Ltd.Telecommunication8.64
SBINState Bank of IndiaFinancial Services6.12
INFYInfosys Ltd.Information Technology5.71
AXISBANKAxis Bank Ltd.Financial Services5.09
BAJFINANCEBajaj Finance Ltd.Financial Services4.41
KOTAKBANKKotak Mahindra Bank Ltd.Financial Services4.14
TCSTata Consultancy Services Ltd.Information Technology3.48
ETERNALEternal Ltd.Consumer Services3.15
ADANIPORTSAdani Ports and Special Economic Zone Ltd.Services
APOLLOHOSPApollo Hospitals Enterprise Ltd.Healthcare
DMARTAvenue Supermarts Ltd.Consumer Services
BSEBSE Ltd.Financial Services
BAJAJFINSVBajaj Finserv Ltd.Financial Services
GAILGAIL (India) Ltd.Oil Gas & Consumable Fuels
HCLTECHHCL Technologies Ltd.Information Technology
HDFCLIFEHDFC Life Insurance Company Ltd.Financial Services
INDUSINDBKIndusInd Bank Ltd.Financial Services
NAUKRIInfo Edge (India) Ltd.Consumer Services
INDIGOInterGlobe Aviation Ltd.Services
JIOFINJio Financial Services Ltd.Financial Services
MAXHEALTHMax Healthcare Institute Ltd.Healthcare
NTPCNTPC Ltd.Power
POWERGRIDPower Grid Corporation of India Ltd.Power
SBILIFESBI Life Insurance Company Ltd.Financial Services
SHRIRAMFINShriram Finance Ltd.Financial Services
TATAPOWERTata Power Co. Ltd.Power
TECHMTech Mahindra Ltd.Information Technology
WIPROWipro Ltd.Information Technology

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 Nifty Services Index is designed to reflect the behavior and performance of service sectors services sector such as computers – software, IT education and training, banks, telecommunication services, financial institutions, power, media, courier, shipping etc.
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 Services Sector; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty Services Sector PE ratio?

As of 20 August 2026, the Nifty Services Sector PE ratio is 19.05. That is about 12% below its 5-year median of 21.55 and about 7% below its 1-year median of 20.52.

Is the Nifty Services Sector undervalued right now?

On a historical basis it screens as moderately undervalued. Its current PE of 19.05 sits below every median window: 1-year (20.52), 3-year (21.33), 5-year (21.55), 7-year (21.97) and full-history (22.56).

What is a normal PE ratio for the Nifty Services Sector?

Over the past five years its median PE has been 21.55, and over the past three years 21.33. Today's 19.05 is toward the lower end of that historical range.

How many stocks are in the Nifty Services Sector?

The Nifty Services Sector contains 30 stocks. By number of companies, its largest sectors are Financial Services (13 stocks), Information Technology (5 stocks) and Consumer Services (3 stocks).

What returns has the Nifty Services Sector delivered?

As of July 2026, the Nifty Services Sector total return (with dividends reinvested) is -3.32% over the past year and +8.66% 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 Services Sector?

Over the year to July 2026, the Nifty Services Sector had an annualized volatility (standard deviation of daily returns) of 14.11%. Its beta versus the Nifty 50 is 1.02, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the Nifty Services Sector?

Across every one-year holding window since 1999, the Nifty Services Sector total return has a median of +15.00%, with the best window at +145.65% and the worst at -69.10%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 20 August 2026.