Nifty Services Sector PE Ratio
Valuation Percentile
Nifty Services Sector's PB is cheaper than 87% of the last 5 years.
The Nifty Services Sector PE ratio is 20.36 as of 1 October 2026, about 5% below its 5-year median of 21.48, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 20.32 | +0.20% |
| 15 Years | 21.29 | -4.37% |
| 10 Years | 22.77 | -10.56% |
| 7 Years | 21.87 | -6.90% |
| 5 Years | 21.48 | -5.21% |
| 3 Years | 21.23 | -4.10% |
| 1 Year | 19.98 | +1.90% |
Historical PE Ratio
Series start. P/E is published from 21 Dec 2001. Index values go back to 1 Jun 1999.
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 Services Sector earnings grew +11.27% a year over the last 5 years, while the index moved +3.48% a year and its P/E went from 29.3 to 20.4.
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 Services Sector
1 ETF and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Motilal Oswal Nifty Services Sector ETF | MOSERVICE | 28.85 | - | - | - |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2001 returned a median of +16.32% (best +132.68%, worst -53.73%).
Today's PE of 20.36 sits in band 3 of 5 of this index's history (PE 19.2 to 21.3). From this band, 5-year forward returns had a median of +12.31% a year and were positive in 100% of windows (748 windows since 2001).
View full performance and risk
Returns as of September 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 (30.1%) and Information Technology (25.1%).
Recent changes
4 October 2026: Added Adani Power Ltd., Federal Bank Ltd.. Removed GAIL (India) Ltd., Info Edge (India) 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 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 1 October 2026, the Nifty Services Sector PE ratio is 20.36. That is about 5% below its 5-year median of 21.48 and about 2% above its 1-year median of 19.98.
Is the Nifty Services Sector undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 20.36 compares with its historical medians: 1-year (19.98), 3-year (21.23), 5-year (21.48), 7-year (21.87), 10-year (22.77), 15-year (21.29) and full-history (20.32).
What is a normal PE ratio for the Nifty Services Sector?
Over the past five years its median PE has been 21.48, and over the past three years 21.23. Today's 20.36 is around the middle 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 (14 stocks), Information Technology (5 stocks) and Power (4 stocks).
What returns has the Nifty Services Sector delivered?
As of September 2026, the Nifty Services Sector total return (with dividends reinvested) is -7.78% over the past year and +4.62% 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 September 2026, the Nifty Services Sector had an annualized volatility (standard deviation of daily returns) of 14.14%. 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 2001, the Nifty Services Sector total return has a median of +16.32%, with the best window at +132.68% and the worst at -53.73%. 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 Services Sector currently trades at a PE of 20.36, in band 3 of 5 of its own PE history. Across 748 overlapping 5-year windows since 2001 that began in this band, the median forward return was +12.31% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty Services Sector earnings grown?
Nifty Services Sector earnings, measured as the index level divided by its P/E, grew +11.27% a year over the last 5 years, while the index itself moved +3.48% a year and its P/E fell from 29.27 to 20.36. Past growth, not a forecast.
Last updated: 1 October 2026.