PE Ratio Snapshot
PE ratio compares index price with index earnings. For Nifty Oil & Gas, the current PE is compared with its own historical averages so the reading stays index-specific.
Current PE
8.71
5Y Avg PE
11.14
10Y Avg PE
11.64
15Y Avg PE
11.64
15Y Percentile
10.17%
Data As Of
05 Jun 2026
Historical Market Crashes: PE & PB Context
How does Nifty Oil & Gas today compare with major market crashes? This table shows PE and PB at crash peaks and troughs to give historical context.
| Event | Period | Peak PE | Trough PE | Peak PB | Trough PB | Drawdown |
|---|---|---|---|---|---|---|
| 🦠2020 COVID Crash | Jan 2020 → Mar 2020 | 13.39 | 8.23 | 1.79 | 1.08 | -38.4% |
| 📊 Current | Today | 8.71 | — | 1.50 | — | — |
Peak and trough dates are approximate based on available index data. Drawdown shows the price decline from peak to trough.
Frequently Asked Questions
The PE ratio (Price-to-Earnings ratio) of Nifty Oil & Gas 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 Oil & Gas's 10-year average PE is approximately 11.64. 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.