scorecardresearchHalf of the Nifty50 stocks are trading at a discount to historical averages

Half of the Nifty50 stocks are trading at a discount to historical averages

Updated: 07 Jul 2022, 10:30 AM IST
TL;DR.
Despite the recent correction, the technology sector is trading at a P/E of 22.2, a 19% premium to its historical average of 18.6. The auto sector PE of 23 times is at an 8 per cent discount to its historical average of 25 times.
Nifty50 trades at 18.4 times FY23E, below its 10-year average P/E of 19.5 times. 

Nifty50 trades at 18.4 times FY23E, below its 10-year average P/E of 19.5 times.