Quant – Navigating Crests & Troughs – Jan’26 sectoral PE trend
Published on 13 Feb 2026
In Jan’26, one-year forward sector PE valuations showed a mixed but stable trend. Several sectors such as Auto, Auto Parts & Equipment, Capital Goods, Cement, Chemicals, Consumer Durables, Hotels, IT, Power, Pharma and Textiles traded at or slightly above their long term average PE. Other sectors like Agro chem, Building Material, FMCG and Hospitals traded slightly below their long term average. Real Estate and Retail were clearly below their long term trend. Overall, market valuations remained well supported, with sectors such as Defense, Oil & Gas, and Metals & Mining showing relatively stronger premium multiples.
