Quant – Navigating Crests & Troughs – June’26 sectoral PE trend
Published on 02 Jul 2026
Overall, Jun’26 valuations remained mixed. Cyclical and industrial sectors such as capital goods, cement, chemicals, automobiles, auto parts & equipment and textiles continued to trade above their LTAs, while defence and power generation & distribution remained the most expensive sectors. In contrast, IT, FMCG, hotels, agro chemicals, building materials and real estate traded below historical averages, with retail remaining the most undervalued sector. Hospitals were valued broadly in line with their LTA, while consumer durables, pharma, metals & mining and oil & gas continued to trade at a premium. Despite valuation differences across sectors, most remained within their historical ranges, indicating a broadly balanced market.
