Last Updated on Dec 7, 2023 by Harshit Singh

For investors PE ratio is an integral part of the analysis to understand the market value of a stock as compared to the company’s earnings. A high PE ratio signifies that the stock is expensive and whereas a low PE ratio indicates that the stock is undervalued compared to earnings and its price might rise in the future. A ratio between 20-25 is considered average, and anything below is considered a good PE ratio. 

Here is a list of Nifty 50 stocks sorted according to their PE ratio.

List of Nifty 50 stocks with PE Ratio

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) PE Ratio (%)
Adani Enterprises Ltd Commodities Trading 3,37,366.23 2,883.95 136.42
Tata Motors Ltd Four Wheelers 2,59,808.65 722.45 107.61
HDFC Life Insurance Company Ltd Insurance 1,44,628.56 677.35 105.70
Nestle India Ltd FMCG – Foods 2,37,268.47 24,968.50 99.25
Apollo Hospitals Enterprise Ltd Hospitals & Diagnostic Centres 80,234.71 5,543.10 97.95
Titan Company Ltd Precious Metals, Jewellery & Watches 3,14,746.83 3,546.90 96.85
SBI Life Insurance Company Ltd Insurance 1,46,264.65 1,450.70 85.01
Asian Paints Ltd Paints 3,09,346.47 3,252.55 75.33
Tata Consumer Products Ltd Tea & Coffee 88,260.75 951.70 73.32
Bharti Airtel Ltd Telecom Services 6,04,308.23 1,024.45 72.41
Hindustan Unilever Ltd FMCG – Household Products 6,02,258.98 2,567.65 59.51
Divi’s Laboratories Ltd Labs & Life Sciences Services 99,315.78 3,734.45 54.47
UltraTech Cement Ltd Cement 2,68,847.06 9,213.00 53.09
Britannia Industries Ltd FMCG – Foods 1,19,191.27 5,003.15 51.34
JSW Steel Ltd Iron & Steel 2,00,073.65 824.70 48.28
Bharat Petroleum Corporation Ltd Oil & Gas – Refining & Marketing 1,02,109.27 472.85 47.92
Larsen & Toubro Ltd Construction & Engineering 4,55,724.62 3,392.30 43.52
Bajaj Finserv Ltd Insurance 2,69,400.79 1,700.35 41.98
Adani Ports and Special Economic Zone Ltd Ports 2,18,843.68 1,017.95 41.21
Maruti Suzuki India Ltd Four Wheelers 3,37,099.30 10,625.75 41.05
Bajaj Finance Ltd Consumer Finance 4,53,843.88 7,427.10 39.44
Eicher Motors Ltd Trucks & Buses 1,13,247.24 4,047.00 38.86
LTIMindtree Ltd IT Services & Consulting 1,62,383.87 5,639.85 36.84
Cipla Ltd Pharmaceuticals 98,856.02 1,205.20 35.28
Sun Pharmaceutical Industries Ltd Pharmaceuticals 2,97,409.57 1,240.35 35.10
Axis Bank Ltd Private Banks 3,49,104.50 1,120.50 32.27
Tata Consultancy Services Ltd IT Services & Consulting 12,92,230.58 3,604.10 30.66
ITC Ltd FMCG – Tobacco 5,63,466.59 463.25 29.36
Bajaj Auto Ltd Two Wheelers 1,73,875.20 6,069.95 28.69
Hero MotoCorp Ltd Two Wheelers 76,092.04 3,761.05 27.08
HDFC Bank Ltd Private Banks 12,32,349.24 1,627.80 26.79
Infosys Ltd IT Services & Consulting 6,01,766.29 1,474.30 24.97
Reliance Industries Ltd Oil & Gas – Refining & Marketing 16,49,304.14 2,461.10 24.73
Tech Mahindra Ltd IT Services & Consulting 1,19,132.32 1,225.20 24.66
Kotak Mahindra Bank Ltd Private Banks 3,63,929.24 1,821.40 24.38
HCL Technologies Ltd IT Services & Consulting 3,56,780.21 1,329.55 24.02
Dr Reddy’s Laboratories Ltd Pharmaceuticals 96,180.66 5,730.35 21.34
ICICI Bank Ltd Private Banks 7,10,570.57 1,003.25 20.88
Grasim Industries Ltd Cement 1,35,980.41 2,057.75 19.92
Mahindra and Mahindra Ltd Four Wheelers 2,01,881.27 1,702.40 19.64
Wipro Ltd IT Services & Consulting 2,10,870.62 418.75 18.58
Tata Steel Ltd Iron & Steel 1,61,832.96 131.85 18.47
NTPC Ltd Power Generation 2,76,791.33 281.10 16.37
Indusind Bank Ltd Private Banks 1,17,153.73 1,501.60 15.74
Power Grid Corporation of India Ltd Power Transmission & Distribution 2,06,752.42 224.40 13.41
UPL Ltd Fertilizers & Agro Chemicals 43,640.33 588.55 12.22
Hindalco Industries Ltd Metals – Aluminium 1,16,514.97 523.00 11.54
State Bank of India Public Banks 5,42,839.52 608.45 9.75
Coal India Ltd Mining – Coal 2,19,115.81 352.15 7.78
Oil and Natural Gas Corporation Ltd Oil & Gas – Exploration & Production 2,54,184.54 201.95 7.17

Note: The data is from 7th December 2023, and is taken from Tickertape Stock Screener. To get the list of PE ratio of Nifty 50 stocks, the below-listed filters are applied –


  • Sector universe – Nifty 50
  • PE ratio – Sorted from highest to lowest

PE ratio of Nifty indexes

Note: The data is from 7th December 2023,

Conclusion

For investors, the PE ratio is an essential fundamental analysis tool to ascertain a stock’s valuation, growth potential, risk, and market sentiment. By considering the PE ratio, along with other analytical ideologies, investors can make informed decisions. With the help of Tickertape Stock Screener, you can apply over 200 filters to carefully evaluate aspects such as PE ratio, along with carrying out your fundamental analysis. Explore today!

Harshit Singh
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