PE Ratio Snapshot
PE ratio compares index price with index earnings. For Nifty Mahindra Group, the current PE is compared with its own historical averages so the reading stays index-specific.
Current PE
25.38
5Y Avg PE
19.24
10Y Avg PE
19.24
15Y Avg PE
19.24
15Y Percentile
99.21%
Data As Of
26 Apr 2024
Frequently Asked Questions
The PE ratio (Price-to-Earnings ratio) of Nifty Mahindra Group measures how much investors are paying per unit of index earnings. It is calculated by dividing the index price by the aggregate earnings per share of all constituents. A higher PE means investors are paying more for each rupee of earnings.
A good PE ratio depends on historical context rather than an absolute number. Nifty Mahindra Group's 10-year average PE is approximately 19.24. A PE below this average may suggest relatively better value, while a PE significantly above it may indicate stretched valuations.
A lower PE can indicate better value, but it should not be read in isolation. A low PE may also reflect declining earnings expectations or structural challenges in the index constituents. Always read PE alongside PB ratio, dividend yield, and earnings growth trends for a complete picture.
The PE ratio on Index Screener is updated daily based on the latest available market data from NSE. The data is refreshed after market close on each trading day.
The PE ratio is calculated by dividing the current index level by the weighted earnings per share of all constituent companies. NSE publishes this data officially, and Index Screener tracks and displays it with historical context.