NIFTY Auto P/E Ratio

NSE NIFTY Auto Index is a sectoral index that contents major securities related to auto. Let's check latest NIFTY Auto PE and evaluate the valuation using historical price to earning ratio (PE Ratio) data. P/E or price-to-earning ratio is a value that quickly denotes the kind of valuation of any stock or equity index. A lower P/E ratio is considered as the market valuation is cheaper, whereas a higher P/E ratio is expensive.