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Banking

Bank Nifty PE Ratio

Price-to-Earnings, PB Ratio & Dividend Yield

Last updated

P/E Ratio Today
13.68
3Y Avg: 15.18
9.5% below avg
P/B Ratio
1.79
3Y Avg: 2.45
26.9% below avg
Dividend Yield
1.11%
3Y Avg: 0.92%

Bank Nifty Valuation Insight — Fairly valued

Bank Nifty is trading 9.5% below its 3-year median PE of 15.1. The sector is trading near its historical average. Valuations are neither cheap nor expensive.

Bank Nifty PE Valuation Zones

Based on the last 3 years of Bank Nifty data (avg PE: 15.2), here are the valuation zones:

Bank Nifty PE Range Market Valuation What Investors Typically Do
Below 13.7 Undervalued (Buying Zone) Historically strong entry points for long-term investors
13.7 – 16.7 Fairly Valued Continue SIPs and regular investing with normal allocation
16.7 – 18.2 Getting Expensive Be cautious, continue SIPs but avoid lump sum investments
Above 18.2 Overvalued (Caution Zone) Consider booking partial profits

Bank Nifty PE Ratio Chart

Time Range:
3Y Average: 15.18
3Y Low: 12.56
3Y High: 18.27
Range: 12.6 - 18.3

Bank Nifty PE Ratio Monthly History

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2026 16.4 16.3 14.7 14.6 13.7 13.6 — — — — — —
2025 13.2 13.0 13.0 13.6 14.1 14.7 15.1 15.1 14.9 15.9 16.4 16.5
2024 15.9 15.3 15.6 15.9 14.8 15.5 15.7 14.7 15.2 14.4 14.0 14.3
2023 17.4 16.0 15.5 15.9 16.7 16.4 17.5 16.5 16.4 15.8 15.0 16.3
2022 23.5 21.8 20.2 20.6 17.8 17.0 17.4 17.8 18.4 18.2 17.7 18.0
2021 30.4 33.1 32.1 24.9 23.1 23.9 23.8 23.4 24.3 25.1 23.7 22.2
2020 38.5 35.2 25.7 21.3 21.5 23.2 23.9 23.9 24.3 26.0 27.0 29.2
2019 54.9 54.4 58.5 63.6 62.1 64.1 65.4 60.7 58.0 38.7 41.7 40.1
2018 30.3 29.5 29.8 30.7 32.5 35.8 50.3 56.7 55.5 53.4 54.0 53.8
2017 28.4 30.0 29.7 29.8 30.5 28.0 27.1 27.3 27.6 27.7 29.2 29.3
2016 — — — — — 25.5 26.7 27.5 29.6 29.3 29.0 27.3

Monthly average P/E ratios. Colors relative to 3Y average (15.2): green = below avg, blue = near avg, orange = above avg, red = well above avg.

“—” = PE data unavailable for that month. This happens when aggregate index earnings are negative or near-zero, making the PE ratio undefined.

Bank Nifty PB Ratio Chart

3Y Avg: 2.45
Low: 1.71
High: 3.24

Bank Nifty Dividend Yield Chart

3Y Avg: 0.92%
Low: 0.65%
High: 1.26%

Year-by-Year Historical Data

Year PE Avg PE Low PE High PB Avg DY Avg
2026 15.11 13.38 16.57 2.00 1.04%
2025 14.63 12.56 16.71 2.20 0.98%
2024 15.11 13.64 16.58 2.68 0.87%
2023 16.31 14.73 18.27 2.77 0.77%
2022 19.00 16.35 24.38 2.66 0.57%
2021 25.77 21.28 34.47 2.90 0.27%
2020 26.60 18.27 41.16 2.18 0.47%
2019 55.24 37.04 69.08 3.22 0.39%
2018 42.59 28.54 59.25 3.03 0.45%
2017 28.73 26.10 31.48 2.81 0.44%
2016 27.86 25.07 30.85 2.42 0.82%

Bank Nifty Index Constituents

14 companies in the Bank Nifty index

Company Price Day Change PE TTM 52W Range
AU Small Finance Bank Ltd.
AUBANK
 N/A N/A N/A N/A
Axis Bank Ltd.
AXISBANK
 ₹1,255.2 +0.3% 13.9
Low ₹1,043 High ₹1,418
Bank of Baroda
BANKBARODA
 ₹268.9 +1.2% 7.1
Low ₹231 High ₹326
Canara Bank
CANBK
 N/A N/A N/A N/A
Federal Bank Ltd.
FEDERALBNK
 ₹301.1 +2.7% 17.9
Low ₹185 High ₹303
HDFC Bank Ltd.
HDFCBANK
 ₹753.7 +0.7% 16.3
Low ₹727 High ₹1,021
ICICI Bank Ltd.
ICICIBANK
 ₹1,242.0 +1.3% 17.5
Low ₹1,188 High ₹1,500
IDFC First Bank Ltd.
IDFCFIRSTB
 ₹71.8 +0.3% 35.4
Low ₹58 High ₹87
IndusInd Bank Ltd.
INDUSINDBK
 ₹900.0 -1.4% 27.2
Low ₹711 High ₹969
Kotak Mahindra Bank Ltd.
KOTAKBANK
 ₹381.0 +0.5% 17.1
Low ₹346 High ₹453
Punjab National Bank
PNB
 ₹105.8 +1.6% 6.4
Low ₹99 High ₹135
State Bank of India
SBIN
 ₹970.5 +1.4% 11.2
Low ₹782 High ₹1,235
Union Bank of India
UNIONBANK
 N/A N/A N/A N/A
Yes Bank Ltd.
YESBANK
 ₹22.9 +0.4% 29.4
Low ₹17 High ₹24

About Bank Nifty Index

Index Overview

Includes major private and public sector banks like HDFC Bank, ICICI Bank, SBI, Kotak Mahindra, and Axis Bank. The index currently has 14 constituent companies and is categorised under Banking on Craytheon.

Current Bank Nifty PE Ratio today 13.7 | PB 1.79 | Div Yield 1.11%

How to Use This Data

  • 1. Compare to historical range: If the current PE is near the 10-year low, the sector may be undervalued relative to its own history.
  • 2. Cross-sector comparison: Compare this sector's PE with others on the sector PE overview page.
  • 3. Market context: Compare with the broader Nifty 50 PE Ratio to understand premium or discount.
  • 4. Use multiple metrics: A low PE with a high dividend yield might indicate genuine value, while a low PE with declining PB could signal deteriorating fundamentals.

Related Sectors

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Disclaimer: The information provided on this page is for educational and informational purposes only. It should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. Past performance and historical PE ratios do not guarantee future results. Always consult a qualified financial advisor before making investment decisions.

Data Source: Indian Stock Exchange