Nifty Financial Services Ex-Bank — P/E Ratio, Valuation & Returns

As of 06 November 2026, the Nifty Financial Services Ex-Bank index is at 31,550.50, up 1.08% on the day. It trades at a P/E ratio of 20.21 — in the lower part of its 5-year range (16.3–26.1, average 21.3), i.e. somewhat below its historical norm at the 36th percentile. Price-to-book stands at 3.81 with a dividend yield of 0.95%. The index is 5.3% below its 52-week high of 33,301.05 and 17.8% above its 52-week low of 26,788.05. Over the last year it has gained 1.4%.

As of 06 Nov 2026, 17:23 IST NSE NSE Sectoral Daily history since Feb 2022 (1,173 sessions)

31,550.50

+1.08%

Day change

20.21

P/E ratio · 36th pctile

3.81

P/B ratio

0.95%

Dividend yield

📋 Nifty Financial Services Ex-Bank — today's data

06 Nov 2026, 17:23 IST

Open / High / Low	30,849.35	31,551.75	30,654.25
Close / Prev. close / Change	31,550.50	31,212.80	+337.70 pts (+1.08%)
52-week high / low	33,301.05 (-5.3%)	26,788.05 (+17.8%)
High / low since 2022	33,210.50	14,003.69
Advances / Declines / Unchanged	22	7	1

⚖️ Valuation vs own history

percentile = share of past sessions with a LOWER value

Ratio	Current	Avg	Range	Percentile
P/E ratio	20.21	21.35	16.31–26.06	36th
P/B ratio	3.81	3.87	3.00–4.91	44th
Dividend yield	0.95%	0.92%	0.56–1.47	59th

A high P/E percentile means the index is expensive versus its own past; for dividend yield it is the opposite — a high percentile means a fatter yield than usual.

📈 Returns

close-to-close; 3Y/5Y also annualised

1W	1M	3M	6M	1Y	3Y
+10.7%	+6.4%	-2.7%	-2.0%	+1.4%	+53.0% +15.2% p.a.

📉 Nifty Financial Services Ex-Bank — index level history

🧮 P/E ratio history

avg 21.3 shown dashed

📚 P/B ratio history

💰 Dividend yield history

Compare with every other index on the index valuation dashboard.

❓ Nifty Financial Services Ex-Bank — FAQ

What is the current P/E ratio of Nifty Financial Services Ex-Bank?

As of 06 November 2026, the Nifty Financial Services Ex-Bank P/E ratio is 20.21. Its 5-year average is 21.3, so the current multiple sits at the 36th percentile of its own history.

Is Nifty Financial Services Ex-Bank overvalued right now?

On pure valuation-vs-history: the current P/E is at the 36th percentile of the last 5 years — somewhat below its historical norm. Valuation alone doesn't time markets; earnings growth and rates matter as much.

What are the 52-week high and low of Nifty Financial Services Ex-Bank?

52-week high 33,301.05 and 52-week low 26,788.05; the index currently trades 5.3% below that high.

Where does this data come from?

NSE's official published index data, with history back to 2019 for the charts. This is market data for research, not investment advice.

Source & methodology: all figures are NSE's official published index data — live levels while the market is open, and end-of-day history since 2019. Index P/E, P/B and dividend yield are the exchange's aggregate constituent ratios. Returns are close-to-close and not total-return (dividends excluded). Educational market data, not investment advice. Consult a SEBI-registered adviser before investing.