thematic index
Nifty India Defence
Close 9461.30 · 23 Sep 2026
Price to earnings
57.10
overvalued
Dearer than 85% of its whole history
Needs a ~3% price correction to become fairly valued
Price to earnings over time
Download CSVPercentile bands behind the line, the index level for context · drag across the chart to measure any window
We hold 943 earlier trading days for this index — back to 02 Apr 2018 — from before NSE began publishing a PE for it, so those days carry a closing level only.
PE, PB and dividend yield as published by NSE for 23 Sep 2026. NSE moved index earnings from standalone to consolidated on 31 March 2021, which shifts PE by a few points — the since Mar 2021 window compares like with like. Full methodology.