Nifty Bank

56,755.6 -0.6% today

1D
-0.6%
1W
-1.9%
1M
-2.4%
3M
+2.5%
6M
-4.1%
1Y
+1.2%
Steady
PB 1.8 is near decade lows - 1st percentile of its own 10.1-year PB range.
Near decade lows1%
1.6median 2.73.6

This index's valuation range has shifted structurally over the period - long-run comparisons overstate the reading.

PE
13.7
PB
1.8
Div yield
0.66%
1Y return
+1.2%
3Y return
+7.7%
5Y return
+10.4%

Price & valuation history

Level
PEtoday 13.7x

Earnings vs re-rating

Over 10.1 years Nifty Bank returned +12.3%/yr, while its implied earnings grew +19.3%/yr and its PE moved 25.313.7. Earnings grew faster than price - the multiple compressed.

Price/yr
+12.3%
Earnings/yr
+19.3%
Re-rating/yr
-7.0%

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Constituents (10)

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Company
HDFC Bank Ltd₹11.3 L cr·······
ICICI Bank Ltd₹10.2 L cr·······
State Bank of India₹9.3 L cr·······
Kotak Mahindra Bank Ltd₹3.8 L cr·······
Axis Bank Ltd₹3.8 L cr·······
Union Bank of India₹1.3 L cr·······
Punjab National Bank₹1.3 L cr·······
Bank of Baroda₹1.2 L cr·······
Canara Bank₹1.1 L cr·······
Federal Bank Ltd₹88,220 cr·······

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