Nifty 100 PE Ratio
Valuation Percentile
Nifty 100's PE is cheaper than 100% of the last 5 years.
The Nifty 100 PE ratio is 18.97 as of 1 October 2026, about 15% below its 5-year median of 22.20, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 21.67 | -12.46% |
| 15 Years | 22.56 | -15.91% |
| 10 Years | 23.81 | -20.33% |
| 7 Years | 22.83 | -16.91% |
| 5 Years | 22.20 | -14.55% |
| 3 Years | 22.11 | -14.20% |
| 1 Year | 20.71 | -8.40% |
Historical PE Ratio
Series start. P/E is published from 1 Dec 2005. Index values go back to 1 Jan 2003.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty 100 earnings grew +13.44% a year over the last 5 years, while the index moved +5.75% a year and its P/E went from 26.9 to 19.0.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty 100
6 ETFs and 3 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (6)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 | NIF100BEES | 262 | - | - | -6.66% |
| Zerodha Nifty 100 ETF | TOP100CASE | 9.96 | - | - | -7.13% |
| ICICI Prudential Nifty 100 ETF | NIF100IETF | 26.58 | - | - | -7.45% |
| HDFC NIFTY 100 ETF | HDFCNIF100 | 24.24 | - | - | -5.75% |
| Motilal Oswal Nifty 100 ETF | MONIFTY100 | 24.99 | - | - | - |
Index funds (3)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Axis Nifty 100 Index Fund | Axis Asset Management Co. Ltd. | 21.11 Oct 2026 | 2019 |
| BANDHAN NIFTY 100 INDEX FUND | Bandhan AMC Limited | 14.131 Oct 2026 | 2022 |
| HDFC NIFTY 100 Index Fund | HDFC Asset Management Company Limited | 14.051 Oct 2026 | 2022 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2005 returned a median of +11.62% (best +112.10%, worst -57.01%).
Today's PE of 18.97 sits in band 2 of 5 of this index's history (PE 18.7 to 20.9). From this band, 5-year forward returns had a median of +10.78% a year and were positive in 100% of windows (786 windows since 2005).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty 100. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty 100
The Nifty 100 contains 100 constituents. Its largest sectors by weight are Financial Services (33.7%) and Oil, Gas & Consumable Fuels (8.8%).
Recent changes
4 October 2026: Added BSE Ltd., Hitachi Energy India Ltd., Polycab India Ltd., Vedanta Aluminium Metal Ltd., Vodafone Idea Ltd.. Removed Indian Hotels Co. Ltd., Lodha Developers Ltd., REC Ltd., Shree Cement Ltd., United Spirits Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Universe
- The review of broad market indices is undertaken semi-annually based on data for six months ending January and July. To be considered for inclusion in Nifty 500 index, companies must form part of eligible universe.
- Selection
- Nifty 100 represents top 100 companies based on full market capitalisation from Nifty 500.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the Nifty 100; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty 100 PE ratio?
As of 1 October 2026, the Nifty 100 PE ratio is 18.97. That is about 15% below its 5-year median of 22.20 and about 8% below its 1-year median of 20.71.
Is the Nifty 100 undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 18.97 sits below every median window: 1-year (20.71), 3-year (22.11), 5-year (22.20), 7-year (22.83), 10-year (23.81), 15-year (22.56) and full-history (21.67).
What is a normal PE ratio for the Nifty 100?
Over the past five years its median PE has been 22.20, and over the past three years 22.11. Today's 18.97 is toward the lower end of that historical range.
How many stocks are in the Nifty 100?
The Nifty 100 contains 100 stocks. By number of companies, its largest sectors are Financial Services (23 stocks), Capital Goods (11 stocks) and Automobile and Auto Components (9 stocks).
What returns has the Nifty 100 delivered?
As of September 2026, the Nifty 100 total return (with dividends reinvested) is -5.18% over the past year and +7.06% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty 100?
Over the year to September 2026, the Nifty 100 had an annualized volatility (standard deviation of daily returns) of 13.73%. Its beta versus the Nifty 50 is 1.02, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty 100?
Across every one-year holding window since 2005, the Nifty 100 total return has a median of +11.62%, with the best window at +112.10% and the worst at -57.01%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 5-year returns been from PE levels like today's?
The Nifty 100 currently trades at a PE of 18.97, in band 2 of 5 of its own PE history. Across 786 overlapping 5-year windows since 2005 that began in this band, the median forward return was +10.78% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty 100 earnings grown?
Nifty 100 earnings, measured as the index level divided by its P/E, grew +13.44% a year over the last 5 years, while the index itself moved +5.75% a year and its P/E fell from 26.94 to 18.97. Past growth, not a forecast.
How often is the Nifty 100 rebalanced?
The Nifty 100 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.