Nifty Chemicals PE Ratio
At a glance Wed, 28 Oct 2026 · end of day. It describes the session; it does not call the next one.
Nifty Chemicals P/E ratio on 28 Oct 2026: 39.78 (P/B 3.53, dividend yield 0.57%). That is higher than 27% of its readings since Mar 2025; the median over that period is 44.29.
Valuation gauge Needle: today's P/E. Colours: the index's own history (10th, 30th, 70th and 90th percentiles).
Valuation bands P/E levels that split the index's own history, and how long it spent in each band.
Nifty Chemicals: valuation history Top: index candles with EMA 20 / 50 / 100 / 200. Bottom: the measure you pick with its 20-session average in black; dashed lines: the 10th, 30th, 50th, 70th and 90th percentiles of its history. Drag the chart or the date axis to move.
PE ratio of NSE indices Percentile: share of the index's own readings since 2013 below today's P/E. Click an index to open it; click a column to sort.
| Index | P/E | P/B | Div yield | P/E percentile | Median P/E |
|---|---|---|---|---|---|
| NIFTY 50 | 18.99 | 2.79 | 1.43% | 10% | 22.53 |
| NIFTY Next 50 | 17.22 | 3.23 | 1.52% | 6% | 24.77 |
| NIFTY 100 | 18.64 | 2.86 | 1.45% | 9% | 22.87 |
| NIFTY 200 | 19.75 | 2.99 | 1.35% | 11% | 23.61 |
| NIFTY 500 | 20.91 | 3.04 | 1.28% | 12% | 24.54 |
| NIFTY Total Market | 21.04 | 3.04 | 1.25% | 3% | 23.75 |
| NIFTY LargeMidcap 250 | 21.83 | 3.22 | 1.23% | 3% | 27.54 |
| NIFTY Midcap 50 | 28.04 | 3.57 | 0.89% | 48% | 29.41 |
| NIFTY Midcap 100 | 26.07 | 3.64 | 0.95% | 43% | 29.05 |
| NIFTY Midcap 150 | 26.55 | 3.69 | 1.00% | 18% | 33.42 |
| NIFTY Midcap Select | 26.43 | 3.98 | 0.80% | 17% | 33.02 |
| NIFTY MidSmallcap 400 | 28.21 | 3.53 | 0.92% | 23% | 33.59 |
| NIFTY Smallcap 50 | 32.65 | 3.75 | 0.67% | 62% | 30.39 |
| NIFTY Smallcap 100 | 34.13 | 3.61 | 0.64% | 61% | 31.76 |
| NIFTY Smallcap 250 | 31.84 | 3.27 | 0.76% | 48% | 32.27 |
| NIFTY Microcap 250 | 24.44 | 2.92 | 0.67% | 10% | 29.15 |
| Nifty Bank | 12.14 | 1.63 | 1.15% | 2% | 18.27 |
| Nifty Private Bank | 15.37 | 1.92 | 0.68% | 6% | 21.04 |
| Nifty PSU Bank | 7.13 | 1.13 | 2.56% | 15% | 9.02 |
| Nifty Financial Services | 14.56 | 2.25 | 1.00% | 4% | 19.38 |
| Nifty IT | 19.34 | 5.52 | 2.95% | 24% | 22.04 |
| Nifty Auto | 29.74 | 4.02 | 1.14% | 44% | 31.56 |
| Nifty Pharma | 42.15 | 5.00 | 0.56% | 68% | 36.96 |
| Nifty Healthcare | 42.92 | 5.32 | 0.51% | 93% | 37.56 |
| Nifty FMCG | 29.53 | 7.12 | 2.69% | 0% | 40.43 |
| Nifty Metal | 14.87 | 2.50 | 1.81% | 49% | 14.96 |
| Nifty Realty | 33.77 | 3.48 | 0.52% | 29% | 41.65 |
| Nifty Energy | 13.77 | 1.92 | 2.56% | 59% | 13.32 |
| Nifty Oil & Gas | 10.30 | 1.27 | 3.40% | 34% | 11.38 |
| Nifty Media | 41.63 | 1.78 | 0.93% | 49% | 42.16 |
| Nifty Consumer Durables | 54.94 | 8.95 | 0.46% | 8% | 67.39 |
| Nifty Chemicals | 39.78 | 3.53 | 0.57% | 27% | 44.29 |
| Nifty Infrastructure | 21.54 | 2.58 | 1.34% | 47% | 21.75 |
| Nifty Commodities | 14.01 | 1.84 | 2.15% | 30% | 15.14 |
| Nifty Consumption | 36.52 | 6.57 | 1.29% | 35% | 39.81 |
| Nifty MNC | 32.98 | 6.59 | 1.74% | 30% | 36.69 |
| Nifty PSE | 10.21 | 1.58 | 3.60% | 42% | 10.65 |
| Nifty CPSE | 11.42 | 1.72 | 3.47% | 60% | 10.69 |
| Nifty Defence | 54.72 | 10.27 | 0.53% | 72% | 47.51 |
| Nifty Capital Markets | 42.11 | 10.93 | 1.10% | 23% | 44.67 |
| Nifty Manufacturing | 25.92 | 3.78 | 1.00% | 40% | 26.80 |
| Nifty Digital | 27.64 | 6.29 | 1.68% | 2% | 85.92 |
| Nifty Services | 20.47 | 3.51 | 1.66% | 35% | 21.57 |
Year by year P/E at the end of each year, and its range during the year, with the index's return that year.
What our backtest found NIFTY 50 and NIFTY Midcap 100 P/E from NSE index files, Jan 2013 - Oct 2026; bands from history known at the time
Each day, the P/E was placed within the index's readings of up to the previous 10 years (no look-ahead; needs 500 sessions, so from early 2015). Return: index price change over the next 250 sessions (1 year) and yearly rate over 750 sessions (3 years). Overlapping windows: days are not independent, so the samples are smaller than the day counts suggest.
| NIFTY 50 band (own history) | Days | Next 1 year: avg / median / up | Next 3 years: yearly avg / median / up |
|---|---|---|---|
| All days (base) | 2,641 | +12.0% / +10.2% / 82% | +12.5% / +12.7% / 99% |
| Deep value (below 10th percentile) | 35 | +12.0% / +8.6% / 91% | Too few (2 days) |
| Undervalued (10th - 30th) | 380 | +16.6% / +12.6% / 82% | +15.0% / +13.5% / 100% |
| Fair value (30th - 70th) | 806 | +13.1% / +7.9% / 87% | +12.3% / +12.0% / 100% |
| Overvalued (70th - 90th) | 489 | +11.0% / +11.1% / 89% | +13.3% / +13.6% / 98% |
| Expensive (above 90th) | 931 | +9.7% / +10.2% / 74% | +11.6% / +12.3% / 98% |
Same test on NIFTY Midcap 100.
| Midcap 100 band | Days | Next 1 year: avg / median / up | Next 3 years: yearly avg / median / up |
|---|---|---|---|
| All days (base) | 2,566 | +19.1% / +10.9% / 77% | +17.5% / +19.1% / 94% |
| Undervalued (10th - 30th) | 113 | +72.0% / +63.2% / 100% | +35.5% / +31.0% / 100% |
| Fair value (30th - 70th) | 1,032 | +23.8% / +18.4% / 86% | +23.4% / +22.9% / 100% |
| Overvalued (70th - 90th) | 588 | +9.8% / +6.2% / 75% | +12.2% / +15.0% / 83% |
| Expensive (above 90th) | 832 | +12.6% / +8.7% / 63% | +12.2% / +11.3% / 94% |
P/E, P/B and dividend yield: NSE's daily index closing file (consolidated earnings of the index companies, as published by NSE since April 2021; standalone before). Percentiles and bands use the index's own readings since 2013 (or since the index started). For education only; not investment advice.
What the Nifty Chemicals PE Ratio Shows
P/E ratio
The price-to-earnings ratio divides the index level by the combined trailing twelve-month earnings of its companies. A P/E of 20 means investors pay 20 rupees for every rupee the index companies earned over the past year.
Against its own history
There is no single "right" P/E: banks usually trade at lower multiples than consumer or pharma companies, and midcaps differ from large caps. So we place Nifty Chemicals's P/E within its own past readings. The percentile tells you what share of days since then had a lower P/E.
Valuation bands
Deep value: below the 10th percentile. Undervalued: 10th to 30th. Fair value: 30th to 70th. Overvalued: 70th to 90th. Expensive: above the 90th. The bands describe where the index sits in its range, not where it will go.
P/B ratio and dividend yield
The price-to-book ratio compares the index with the book value (net worth) of its companies, and is steadier than P/E when earnings swing. Dividend yield is the dividends paid as a share of price; it falls when prices rise faster than payouts.
Earnings yield
The P/E turned upside down (1 divided by P/E): earnings per 100 rupees invested. It can be compared with bond yields: when the earnings yield is far below government bond yields, shares are priced richly against bonds.
How We Calculate It
Data
NSE publishes the P/E, P/B and dividend yield of every index each day in its index closing file. We store them from 2013 (from the index's launch for newer indices). Before NSE renamed its indices in 2015 they were called CNX; we join the old and new names into one history.
A change in 2021
From April 2021 NSE switched index P/E from standalone to consolidated earnings, which lowered reported P/Es for many indices. Readings before and after are not perfectly comparable; we flag this rather than adjust it.
What Our Backtest Found
Cheaper starts, better years, on average
From 2015 to 2026, days when NIFTY 50's P/E was in the cheapest 30% of its own history were followed by an average one-year gain of 16.6%, against 9.7% from the most expensive 10% and 12.0% for all days. For NIFTY Midcap 100 the gap was wider, but its "undervalued" days came almost entirely from one episode, the 2020 crash.
Not a timing tool
The link is loose: the correlation between NIFTY 50's P/E and its next-year return was only -0.10, expensive markets still rose a year later 74% of the time, and three-year returns were positive from almost every starting point. Over weeks and months, P/E says very little.
A caution on the data
NSE switched index P/E from standalone to consolidated earnings in April 2021, which lowered reported P/Es. Readings before and after are not perfectly comparable, so today's percentile against older years should be read with care. For education only, not a buy or sell call.
PE Ratio of Indices: Frequently Asked Questions
What is the PE ratio of Nifty Chemicals today?
The figure at the top of this page is Nifty Chemicals's P/E ratio for the latest session from NSE's official index file, with its percentile against its own history.
What is a good PE ratio for Nifty Chemicals?
Compare it with its own history rather than with a fixed number. A P/E near its median is about average for that index; readings in the top 10% of its history have been called expensive, those in the bottom 10% cheap.
Does a high PE mean the market will fall?
Not in the short run. On our data, high P/E readings were followed by lower average returns over the next one to three years, with wide variation; over weeks and months P/E says very little.
Why is the PE of Nifty Bank lower than Nifty FMCG?
Different businesses earn and grow at different rates and carry different risks, so investors pay different multiples. That is why we compare each index with its own past.
Where does the PE data come from?
From NSE's daily index closing file, which reports P/E, P/B and dividend yield for every index.
More Market Pulse pages
Data: NSE end-of-day files (capital-market bhavcopy, delivery, index closes, price-band hits, F&O market activity, bulk / block / short-selling reports). This page explains how market participants commonly read this data. It is for education only and is not a recommendation to buy or sell any security.