Investors often use the Price-to-Earnings (P/E) ratio to evaluate how expensive or undervalued a stock might be. It compares a company’s share price to its earnings. A high P/E ratio can suggest strong future growth expectations and reflect investor confidence in the company’s performance. It is often seen in fast-growing or high-demand businesses.
On the flip side, a very high P/E ratio may signal that the stock is overpriced. If the company doesn’t deliver expected results, the price could drop sharply. In this article, we highlight the 5 most expensive Nifty 100 stocks by P/E ratio, reaching up to 991
Here are the 5 most expensive Nifty 100 stocks by price-to-earnings (PE) ratios up to 991:
Eternal Limited
With a market capitalization of Rs. 294,818.21 crore, the shares of Eternal Limited were currently trading at Rs. 305.50 per equity share, up nearly 0.13 percent from its previous day’s close price of Rs. 305.10.
Eternal Limited’s current price-to-earnings (PE) ratio is 991, which is nearly 25.48 times higher than the industry average PE of 38.9. The company’s price-to-book value stands at 9.79, which is nearly 2.04 times higher than the industry average PBV of 4.79. This indicates it is one of the most expensive stocks in the Nifty100 index.
Eternal Limited was established in 2008 (formerly Zomato Limited) and is a leading Indian technology company. It operates food delivery (Zomato), quick commerce (Blinkit), event ticketing (District), and B2B restaurant supply (Hyperpure) businesses across India and beyond.
Siemens Energy India Limited
With a market capitalization of Rs. 117,874.11 crore, the shares of Siemens Energy India Limited were currently trading at Rs. 3,309.95 per equity share, up nearly 2.24 percent from its previous day’s close price of Rs. 3,237.40.
Siemens Energy India Limited’s current price-to-earnings (PE) ratio is 289, which is nearly 5.21 times higher than the industry average PE of 55.5. The company’s price-to-book value stands at 30.6, which is nearly 4.48 times higher than the industry average PBV of 6.83. This indicates it is one of the most expensive stocks in the Nifty100 index.
Siemens Energy India Limited was established in 2025 and is a leading provider of energy technology solutions. It offers products and services across power generation, transmission, storage, grid infrastructure, and supports India’s sustainable energy transition for utility and industrial sectors
Trent Limited
With a market capitalization of Rs. 186,737.56 crore, the shares of Trent Limited were currently trading at Rs. 5,252.15 per equity share, up nearly 0.05 percent from its previous day’s close price of Rs. 5,248.75.
Trent Limited’s current price-to-earnings (PE) ratio is 130, which is nearly 2.68 times higher than the industry average PE of 48.4. The company’s price-to-book value stands at 34.2, which is nearly 6.38 times higher than the industry average PBV of 5.36. This indicates it is one of the most expensive stocks in the Nifty100 index.
Trent Limited was established in 1998 and is a prominent Indian retail company operating the Westside chain of stores. It offers apparel, accessories, and lifestyle products, catering to fashion-conscious consumers across urban India through its extensive store network.
Jio Financial Services Limited
With a market capitalization of Rs. 214,227.94 crore, the shares of Jio Financial Services Limited were currently trading at Rs. 337.05 per equity share, up nearly 1.05 percent from its previous day’s close price of Rs. 333.55.
Jio Financial Services Limited’s current price-to-earnings (PE) ratio is 133, which is nearly 5.18 times higher than the industry average PE of 25.7. The company’s price-to-book value stands at 2.12, which is nearly 0.86 times higher than the industry average PBV of 0.82. This indicates it is one of the most expensive stocks in the Nifty100 index.
Jio Financial Services Limited was established in 1999 and is a Mumbai-based financial services provider offering investing, financing, insurance broking, payments, lending, and digital banking solutions through subsidiaries and digital platforms, serving diverse individual and business clients across India.
CG Power and Industrial Solutions Limited
With a market capitalization of Rs. 105,557.19 crore, the shares of CG Power and Industrial Solutions Limited were currently trading at Rs. 670.40 per equity share, up nearly 1.25 percent from its previous day’s close price of Rs. 662.10.
CG Power and Industrial Solutions Limited’s current price-to-earnings (PE) ratio is 106, which is nearly 1.91 times higher than the industry average PE of 55.5. The company’s price-to-book value stands at 26.6, which is nearly 3.89 times higher than the industry average PBV of 6.83. This indicates it is one of the most expensive stocks in the Nifty100 index.
CG Power and Industrial Solutions Limited was established in 1937 and is a leading Indian engineering conglomerate. The company designs, manufactures, and markets power transmission, distribution, and industrial equipment, serving utilities, industries, and railways across global markets.
Written By – Nikhil Naik
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