PE Ratio Snapshot
PE ratio compares index price with index earnings. For Nifty Mid and Small IT & Telecom, the current PE is compared with its own historical averages so the reading stays index-specific.
Current PE
194.94
5Y Avg PE
197.90
10Y Avg PE
197.90
15Y Avg PE
197.90
15Y Percentile
33.33%
Data As Of
18 Nov 2022
Monthly Historical PE Ratios
For each month with observations in the latest 36 calendar months, this table shows the last available PE reading for Nifty Mid and Small IT & Telecom. These are dated snapshots, not monthly averages. The latest month may be incomplete. A dash means PE is unavailable on that observation date. Months without observations are omitted.
| Month | Observation date | PE ratio |
|---|---|---|
| November 2022 | 18 Nov 2022 | 194.94 |
Read the data sources and methodology for PE definitions and data limitations.
Frequently Asked Questions
The PE ratio (Price-to-Earnings ratio) of Nifty Mid and Small IT & Telecom 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 Mid and Small IT & Telecom's 10-year average PE is approximately 197.90. 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.