NIFTY IT (Information Technology) is a sectoral index by NSC. The index contains only Indian major information technology stocks. Let's check latest NIFTY IT 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.