The numbers are averages of P/E, P/BV and Dividend Yield in each month. The maps don’t show the maximum and minimum ratios of each month.
As with any such ‘average’ indicators, its worth saying that you should not make any investment decision, based solely on just one or two indicators. At most, these heat maps should be treated as broad indicators of market sentiments.
So here are the Heat Maps…
- Nifty P/E Ratio Vs Returns Analysis
- Nifty P/BV Ratio Vs Returns Analysis
- Nifty Dividend Yield Vs Returns Analysis