Official NSE Sectoral Index·As of 1 Oct 2026

NIFTY FINANCIAL SERVICES Valuation Multiples

Broad financial benchmark spanning banking giants, non-banking financial companies (NBFCs), housing finance, life insurance, and asset management institutions.

Official NSE Indices
Sector PE RatioOfficial NSE Indices
15.0518.6% below 10Y Median

Consolidated TTM earnings multiple of constituent equities.

Observation Date1 Oct 2026
Price to Book (PB)Official NSE Indices
2.27

Price to book value of net assets across sector holdings.

Observation Date1 Oct 2026
Dividend YieldOfficial NSE Indices
1.01%

Cash dividend yield distributed by constituent companies.

Observation Date1 Oct 2026
vs NIFTY 50 PEDerived · Nifty Valuation Desk
-21.6%Discount vs Benchmark

Relative to consolidated NIFTY 50 PE multiple (19.19).

Observation Date1 Oct 2026

NIFTY FINANCIAL SERVICES Historical Valuation

PE

Official historical valuation series. Benchmark 10Y median: 18.50

Date:1 Oct 2026
Price:—
P/E:15.05x
NSE Verified Daily Observations·Historical data available since Jan 2000 (26+ years of verified daily history)
247 observations loaded
10Y Statistical Range
12.10 – 26.40

Historical trough and peak observations recorded since 2016.

Historical Median PE
18.50

Current PE of 15.05 trades at 18.6% below median.

Key Fundamental Driver
AUM Expansion, Cost of Borrowings, and Insurance Premium Underwriting

Primary industry variable driving multiple expansion/contraction.

NIFTY FINANCIAL SERVICES Constituent Equities (20 Stocks)

Official constituent basket with individual valuation and profile access.

Source: Nifty Indices
SymbolCompany NameIndustry / Sub-sectorISIN
AXISBANKAxis Bank Ltd.Financial ServicesINE238A01034
BAJAJFINSVBajaj Finserv Ltd.Financial ServicesINE918I01026
BAJFINANCEBajaj Finance Ltd.Financial ServicesINE296A01032
BSEBSE Ltd.Financial ServicesINE118H01025
CHOLAFINCholamandalam Investment and Finance Company Ltd.Financial ServicesINE121A01024
HDFCBANKHDFC Bank Ltd.Financial ServicesINE040A01034
HDFCLIFEHDFC Life Insurance Company Ltd.Financial ServicesINE795G01014
ICICIBANKICICI Bank Ltd.Financial ServicesINE090A01021
ICICIGIICICI Lombard General Insurance Company Ltd.Financial ServicesINE765G01017
JIOFINJio Financial Services Ltd.Financial ServicesINE758E01017
KOTAKBANKKotak Mahindra Bank Ltd.Financial ServicesINE237A01036
LICHSGFINLIC Housing Finance Ltd.Financial ServicesINE115A01026
MFSLMax Financial Services Ltd.Financial ServicesINE180A01020
MUTHOOTFINMuthoot Finance Ltd.Financial ServicesINE414G01012
PFCPower Finance Corporation Ltd.Financial ServicesINE134E01011
RECLTDREC Ltd.Financial ServicesINE020B01018
SBICARDSBI Cards and Payment Services Ltd.Financial ServicesINE018E01016
SBILIFESBI Life Insurance Company Ltd.Financial ServicesINE123W01016
SBINState Bank of IndiaFinancial ServicesINE062A01020
SHRIRAMFINShriram Finance Ltd.Financial ServicesINE721A01047
Data coverage: Complete 10-year official historical dataset (2016–2026). Ingested daily from official NSE Indices feeds.Read Methodology →