Nifty PE Ratio Today (June 2026) : 20.02
· Source: NSE
Nifty is fairly valued. Markets are neither cheap nor expensive at current levels.
Based on the last 10 years of Nifty 50 data, here are the valuation zones investors can use to guide their decisions:
| Nifty PE Range | Market Valuation | What Investors Typically Do |
|---|---|---|
| Below 20 | Undervalued (Buying Zone) | Aggressive buying, historically the best long-term entry points |
| 20 – 23 | Fairly Valued | Continue SIPs and regular investing with normal allocation |
| 23 – 25 | Getting Expensive | Be cautious, continue SIPs but avoid lump sum investments |
| Above 25 | Overvalued (Caution Zone) | Consider booking partial profits |
Nifty PE Ratio Today (10-Jun-2026) is 20.02. (Long term average is 23.43)
Lowest Nifty PE was 17.15 on 23-Mar-2020. Highest PE ratio was 42.00 on 08-Feb-2021.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.3 | 22.4 | 20.6 | 20.9 | 20.7 | 20.1 | — | — | — | — | — | — |
| 2025 | 21.4 | 20.6 | 20.3 | 21.4 | 22.2 | 22.5 | 22.5 | 21.8 | 21.9 | 22.5 | 22.6 | 22.6 |
| 2024 | 22.9 | 22.7 | 22.9 | 22.8 | 21.6 | 22.2 | 23.3 | 22.9 | 23.7 | 23.3 | 22.1 | 22.3 |
| 2023 | 21.5 | 20.9 | 20.3 | 20.7 | 21.6 | 21.8 | 23.3 | 22.4 | 22.4 | 21.8 | 21.1 | 22.6 |
| 2022 | 24.5 | 22.5 | 21.7 | 22.7 | 20.3 | 19.7 | 20.1 | 21.1 | 20.9 | 20.9 | 22.0 | 22.1 |
| 2021 | 38.9 | 40.8 | 40.5 | 32.8 | 30.0 | 29.1 | 28.1 | 26.1 | 26.8 | 27.3 | 25.0 | 23.7 |
| 2020 | 27.9 | 27.0 | 21.4 | 20.4 | 21.2 | 24.6 | 28.6 | 31.6 | 32.5 | 34.0 | 34.3 | 37.3 |
| 2019 | 26.1 | 26.7 | 27.8 | 29.1 | 28.9 | 29.3 | 28.3 | 27.1 | 26.9 | 26.5 | 27.7 | 28.2 |
| 2018 | 27.2 | 25.6 | 25.0 | 26.0 | 26.6 | 26.8 | 27.2 | 28.2 | 27.5 | 25.1 | 25.6 | 26.1 |
| 2017 | 22.4 | 23.2 | 23.5 | 23.4 | 24.3 | 24.3 | 25.1 | 25.4 | 26.0 | 26.3 | 26.4 | 26.4 |
| 2016 | — | — | — | — | — | 22.5 | 23.3 | 23.7 | 24.1 | 23.4 | 22.0 | 21.5 |
Monthly average P/E ratios. Green = undervalued (<20), blue = fair value (20–23), orange = getting expensive (23–25), red = overvalued (>25).
Nifty PB Ratio Today (10-Jun-2026) is 3.07. (Long term average is 3.62)
Lowest Nifty PB was 2.17 on 23-Mar-2020. Highest PB ratio was 4.88 on 20-Jul-2023.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.5 | 3.5 | 3.2 | 3.3 | 3.3 | 3.1 | — | — | — | — | — | — |
| 2025 | 3.5 | 3.4 | 3.4 | 3.5 | 3.7 | 3.6 | 3.6 | 3.3 | 3.3 | 3.5 | 3.5 | 3.5 |
| 2024 | 3.8 | 3.8 | 3.9 | 3.9 | 3.9 | 4.1 | 4.2 | 4.2 | 4.1 | 3.7 | 3.6 | 3.6 |
| 2023 | 4.2 | 4.2 | 4.0 | 4.1 | 4.3 | 4.4 | 4.7 | 4.6 | 4.4 | 3.4 | 3.4 | 3.7 |
| 2022 | 4.5 | 4.3 | 4.3 | 4.5 | 4.2 | 4.1 | 4.0 | 4.2 | 4.1 | 4.1 | 4.3 | 4.3 |
| 2021 | 4.1 | 4.2 | 4.2 | 4.2 | 4.3 | 4.4 | 4.2 | 4.2 | 4.4 | 4.5 | 4.4 | 4.3 |
| 2020 | 3.6 | 3.4 | 2.7 | 2.6 | 2.6 | 2.9 | 3.1 | 3.2 | 3.2 | 3.3 | 3.6 | 3.8 |
| 2019 | 3.4 | 3.4 | 3.6 | 3.7 | 3.7 | 3.8 | 3.6 | 3.4 | 3.4 | 3.5 | 3.7 | 3.7 |
| 2018 | 3.6 | 3.6 | 3.5 | 3.6 | 3.7 | 3.7 | 3.7 | 3.7 | 3.6 | 3.3 | 3.4 | 3.4 |
| 2017 | 3.2 | 3.3 | 3.4 | 3.5 | 3.6 | 3.6 | 3.6 | 3.5 | 3.5 | 3.4 | 3.5 | 3.5 |
| 2016 | — | — | — | — | — | 3.4 | 3.4 | 3.3 | 3.3 | 3.3 | 3.1 | 3.1 |
Monthly average P/B ratios. Green = undervalued (<3.0), blue = fair value (3.0–3.5), orange = getting expensive (3.5–4.0), red = overvalued (>4.0).
Nifty Dividend Yield Today (10-Jun-2026) is 1.21%. (Long term average is 1.26%)
Lowest Nifty Dividend Yield was 0.93% on 12-Sep-2017. Highest Dividend Yield was 2.00% on 23-Mar-2020.
10-year summary of Nifty 50 valuation metrics. Use these benchmarks to assess whether the market is currently cheap or expensive relative to its historical range.
| Metric | Current | 10Y Average | 10Y Low | 10Y High | vs Average |
|---|---|---|---|---|---|
| P/E Ratio | 20.02 | 23.43 | 17.15 | 42.00 | -14.6% |
| P/B Ratio | 3.07 | 3.62 | 2.17 | 4.88 | -15.2% |
| Dividend Yield | 1.21% | 1.26% | 0.93% | 2.00% | -4.0% |
Lowest PE: 17.15 on 23 Mar 2020
Highest PE: 42.00 on 08 Feb 2021
The Price-to-Earnings (P/E) ratio measures how much investors are willing to pay for each rupee of earnings. It's calculated by dividing the index price by its earnings per share. A higher P/E suggests investors expect higher growth but also indicates the market may be expensive.
Rule of thumb: P/E below 20 is considered undervalued, 20-23 is fair value, 23-25 is getting expensive, and above 25 is overvalued.
The Price-to-Book (P/B) ratio compares a company's market value to its book value (total assets minus liabilities). It shows how much investors are paying for the net assets. A P/B below 1 suggests the market values the company below its asset value.
Rule of thumb: P/B below 3.0 is considered undervalued, 3.0-3.5 is fair value, 3.5-4.0 is getting expensive, and above 4.0 is overvalued.
Dividend Yield shows the annual dividend income as a percentage of the current price. Higher dividend yield means you're getting more income per rupee invested. It also tends to be inversely related to market valuations - when prices fall, yields rise.
Rule of thumb: Dividend yield above 1.26% (the 10-year median) is considered attractive for income investors.
Institutional money flows often drive the valuation changes you see in Nifty PE. Track daily, monthly & yearly FII/DII activity.
Compare PE ratios across 10 NSE sectors. See which sectors are undervalued or overvalued relative to their own history.
Data Source: National Stock Exchange of India (NSE)