High for its history: P/E 46.5 against a long-term median of 34.6, above its 5-year average of 34.4.
P/E ratio
46.49
Higher than on 85% of days since 2005 · median 34.58
P/B ratio
5.44
Higher than on 58% of days since 2005 · median 5.21
Dividend yield
0.52%
Higher yield than on 15% of days since 2005 (a higher yield usually means cheaper) · median 0.70%
Where today's P/E sits
Low to high over each period; the dot is today (46.49), the tick is the average.
1 month
Near the high
39.2avg 41.946.5
3 months
Near the high
39.2avg 41.446.5
6 months
Near the high
35.2avg 40.246.5
1 year
Near the high
31.9avg 37.046.5
2 years
Near the high
29.9avg 34.946.5
5 years
Near the high
27.7avg 34.446.5
All time
Above average
16.9avg 36.383.3
Why the P/E changed
P/E moves when the index level or company earnings change. Tap to see which.
Nifty Pharma P/E ratio history
Month-end values, daily for the last year. Dashed line: median since 2005.
Why 2020–21 looks so high: company earnings collapsed during Covid, and from April 2021 NSE switched to consolidated earnings (including subsidiaries). Readings before and after that switch aren't strictly comparable.
P/E by month
Month-end P/E; the current month shows the latest value so far. Green months were cheaper than most of history, red months more expensive. Tap a month to see why it changed.
The combined price of the companies in the Nifty Pharma divided by their combined earnings over the last 12 months. NSE publishes it every trading day. A higher P/E means investors are paying more for each rupee of profit.
Compare today's P/E with its own history on this page: the range bars show where it sits against the last month, year, five years and all time. P/E alone doesn't predict returns, and it can stay high or low for years.
Because the index level changes, earnings change, or both. If the index rises faster than earnings, P/E goes up. Use 'Why the P/E changed' on this page to see which one drove it.
P/B compares price with the companies' book value (net worth). Dividend yield is the dividends paid over the last year as a share of the price. A higher yield often goes with a lower P/E.
NSE's daily index P/E, P/B and dividend yield (niftyindices.com). Month-end values go back to the earliest NSE publishes for each index.
Source: NSE. Information only, not investment advice or a recommendation to buy or sell.
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