Desk · Valuation map
Valuation map: price vs profit growth, sector by sector
Data as of 19 Oct 2026 close · BSE
What the market pays for each sector's profits, next to how fast those profits grew over the last 12 months. Lowest price for growth: Diversified (P/E 17×, profits +40%) & Metals & Mining (P/E 19×, profits +33%). Highest: Construction (P/E 15×, profits +1%) & Consumer Durables (P/E 31×, profits +5%). Profits fell in 3 sectors.
Tap a sector to see every company in it, placed the same way.
Sectors of banks & other lenders, on price to book value
Banks, NBFCs & other lenders are valued on their books, so a sector made up mostly of lenders is described by its middle lender's P/B (price ÷ book value per share): what investors pay for each ₹1 of a lender's net worth, what it owns minus what it owes. P/B is never set on the P/E scale above, & P/E ÷ growth gives no read for it.
Left out: 9 industries that usually stay cheap 147 companies
- Paper & Paper Products: a commodity with heavy plant costs & cheap imports, so good years rarely last. Forest Materials
- Sugar: cane prices, export quotas & ethanol prices are set by the government. Fast Moving Consumer Goods
- Fertilizers: selling prices & subsidies are set by the government. Chemicals
- Refineries & Marketing: fuel prices & refining margins move with government decisions. Oil, Gas & Consumable Fuels
- Oil Exploration & Production: mostly state-run, with gas prices & windfall taxes set by the government. Oil, Gas & Consumable Fuels
- Print Media: readers & advertising keep moving online. Media, Entertainment & Publication
- Coal: state-run, with prices & payouts shaped by government policy. Oil, Gas & Consumable Fuels
- Jute & Jute Products: demand rests on a government rule to pack grain in jute. Forest Materials
- Gas Transmission/Marketing: pipeline tariffs are set by the regulator. Oil, Gas & Consumable Fuels
Their low P/E has lasted through cycles for reasons that do not pass, so it says little about value. They still show on their sector's page, in a group of their own.
Each sector is described by its middle company: P/E on the last 12 months of profit (profitable companies only) & profit growth over the last 12 months (earnings per share against the 12 months before). Read: P/E divided by profit growth in %. Up to 0.75 = low price for its growth, 1.5 or more = high, in between = in line. The thin mark on each P/E bar is the middle of all sectors. “Was … a year ago” is the middle P/E of the same companies a year earlier; a sector 15% or more below it is marked “Cheaper than a year ago”. Industries that usually stay cheap for lasting reasons are left out (listed above the notes), & sectors with fewer than 10 companies left are not shown. A sector's middle P/E leaves its banks & other lenders out; a sector made up mostly of lenders is listed apart, on its lenders' middle P/B (at least 5 lenders with a balance sheet from the last year). A map to study, not a list of what to buy.