Aletheia · Sector Valuation
Sector PE Dashboard
12 sectors. Current PE vs 1-year, 5-year, and 10-year averages. Where are you paying history price and where are you paying future price?
Updated: June 2026 · Data is representative for educational purposes
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CHEAP / UNDERVALUED
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FAIR VALUE
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EXPENSIVE / OVERVALUED
| SECTOR | CURRENT PE | 1Y AVG | 5Y AVG | 10Y AVG | vs 5Y AVG | SIGNAL |
|---|---|---|---|---|---|---|
| IT Services | 24.8x | 26.4x | 28.4x | 22.8x | -12.7% | CHEAP |
| Banks (PSU) | 9.8x | 8.4x | 8.8x | 10.2x | +11.4% | FAIR |
| Banks (Private) | 17.8x | 16.2x | 19.4x | 18.4x | -8.2% | CHEAP |
| FMCG | 48.4x | 44.8x | 46.2x | 38.4x | +4.8% | FAIR |
| Capital Goods | 58.4x | 52.8x | 38.4x | 28.8x | +52.1% | EXPENSIVE |
| Pharmaceuticals | 28.4x | 26.8x | 28.8x | 26.4x | -1.4% | FAIR |
| Automobiles | 24.8x | 22.4x | 20.8x | 18.4x | +19.2% | EXPENSIVE |
| Cement | 34.8x | 38.4x | 32.8x | 28.4x | +6.1% | FAIR |
| Metals & Mining | 12.4x | 14.8x | 14.2x | 12.8x | -12.7% | CHEAP |
| Consumer Durables | 62.4x | 58.4x | 52.8x | 42.4x | +18.2% | EXPENSIVE |
| Retail | 98.4x | 84.8x | 72.4x | 54.8x | +35.8% | EXPENSIVE |
| Utilities (Power) | 18.4x | 16.8x | 15.2x | 14.8x | +21.1% | EXPENSIVE |
Sector Analysis
IT Services
24.8x current · -12.7% vs 5yr avgTrading below 5-year average. Post-COVID demand normalisation, AI uncertainty. Historically this has been an entry zone.
Banks (PSU)
9.8x current · +11.4% vs 5yr avgSlight premium to 5yr avg on earnings recovery cycle. NPA cycle has turned. Credit cost normalisation driving re-rating.
Banks (Private)
17.8x current · -8.2% vs 5yr avgRBI regulatory actions and credit card growth slowdown weigh on multiples. Historically de-rated to this level twice in the last decade — both were entry points.
FMCG
48.4x current · +4.8% vs 5yr avgNear 5-year average. Rural demand recovery in play. Urban consumption softness partially offset by premiumisation. Fair value zone, not a screaming buy.
Capital Goods
58.4x current · +52.1% vs 5yr avgSignificant premium to both 5-year and 10-year averages. Infrastructure cycle excitement priced in. Order book visibility real, but execution risk and PE compression risk both elevated at these multiples.
Pharmaceuticals
28.4x current · -1.4% vs 5yr avgIn line with 5-year average. US generics pricing stabilised, domestic formulations healthy. USFDA inspection clearance cycle is a catalyst watch.
Automobiles
24.8x current · +19.2% vs 5yr avgAbove 5-year average on EV transition narrative and strong SUV demand. OEM competition intensifying, EV ecosystem capex heavy. Premium warranted partially but not fully.
Cement
34.8x current · +6.1% vs 5yr avgSlight premium to 5yr avg. Capacity expansion cycle complete for leaders. Volume growth thesis intact, but pricing pressure from new entrants (Adani) keeps a ceiling on multiple expansion.
Metals & Mining
12.4x current · -12.7% vs 5yr avgBelow 5-year average. China slowdown weighing on steel and aluminium. Cyclical sector — cheap multiples can get cheaper if China demand worsens. Selective entry, not broad sector.
Consumer Durables
62.4x current · +18.2% vs 5yr avgPremium to history on home ownership narrative and premium product mix upgrade. AC and refrigerator penetration story is real but multiples are pricing perfection.
Retail
98.4x current · +35.8% vs 5yr avgSignificant re-rating on organised retail penetration. Quick commerce disruption creating winner/loser dynamics within sector. High multiples make stock selection critical — wrong pick at 100x PE is very expensive.
Utilities (Power)
18.4x current · +21.1% vs 5yr avgEnergy transition and data centre demand for power driving re-rating. PSU power companies benefiting from capex cycle. Premium to history justified partially — but data centre demand is early stage, not priced-in certainty.
DISCLAIMER
Sector PE data is representative and compiled for educational purposes only. It does not constitute investment advice. Historical PE averages are approximate. Verify with NSE/BSE and Screener.in before making investment decisions.