Nifty 50 PE Ratio
Valuation Percentile
Nifty 50's PE is cheaper than 100% of the last 5 years.
The Nifty 50 PE ratio is 19.19 as of 1 October 2026, about 13% below its 5-year median of 21.97, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 20.89 | -8.14% |
| 15 Years | 22.32 | -14.02% |
| 10 Years | 23.27 | -17.53% |
| 7 Years | 22.43 | -14.44% |
| 5 Years | 21.97 | -12.65% |
| 3 Years | 22.14 | -13.32% |
| 1 Year | 21.01 | -8.66% |
Historical PE Ratio
Series start. P/E is published from 1 Jan 1999. Index values go back to 1 Jan 1995.
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 50 earnings grew +12.34% a year over the last 5 years, while the index moved +5.04% a year and its P/E went from 26.8 to 19.2.
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 50
22 ETFs and 27 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (22)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Nippon India ETF Nifty 50 BeES | NIFTYBEES | 257.25 | - | - | -8.77% |
| SBI Nifty 50 ETF | SETFNIF50 | 243.5 | - | - | -8.85% |
| ICICI Prudential Nifty 50 ETF | NIFTYIETF | 256 | - | - | -8.75% |
| Kotak Nifty 50 ETF | NIFTY1 | 249.6 | - | - | -8.81% |
| Mirae Asset Nifty 50 ETF | NIFTYETF | 244.52 | - | - | -8.90% |
Index funds (27)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| UTI Nifty 50 Index Fund | UTI Asset Mgmt. Co. Ltd. | 157.891 Oct 2026 | 2000 |
| Franklin India NSE Nifty 50 Index Fund | Franklin Templeton Asset Management (India) Private Limited | 191.981 Oct 2026 | 2000 |
| SBI NIFTY INDEX FUND | SBI Funds Management Limited | 209.81 Oct 2026 | 2001 |
| ICICI Prudential Nifty 50 Index Fund | ICICI Prudential Asset Management Company Limited | 237.331 Oct 2026 | 2002 |
| HDFC Nifty 50 Index Fund | HDFC Asset Management Company Limited | 219.451 Oct 2026 | 2002 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 1999 returned a median of +12.34% (best +108.92%, worst -55.30%).
Today's PE of 19.19 sits in band 2 of 5 of this index's history (PE 17.3 to 20.2). From this band, 5-year forward returns had a median of +13.17% a year and were positive in 100% of windows (1,255 windows since 1999).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty 50. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty 50
The Nifty 50 contains 50 constituents. Its largest sectors by weight are Financial Services (37.5%) and Oil, Gas & Consumable Fuels (9.4%).
Recent changes
4 October 2026: Added BSE Ltd.. Removed Wipro 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
- The index represents 50 companies selected from the universe of Nifty 100 based on free- float market capitalisation and liquid companies having average impact cost of 0.50% or less for 90% of the observations for a basket size of Rs. 10 Crores.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the Nifty 50; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty 50 PE ratio?
As of 1 October 2026, the Nifty 50 PE ratio is 19.19. That is about 13% below its 5-year median of 21.97 and about 9% below its 1-year median of 21.01.
Is the Nifty 50 undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 19.19 sits below every median window: 1-year (21.01), 3-year (22.14), 5-year (21.97), 7-year (22.43), 10-year (23.27), 15-year (22.32) and full-history (20.89).
What is a normal PE ratio for the Nifty 50?
Over the past five years its median PE has been 21.97, and over the past three years 22.14. Today's 19.19 is toward the lower end of that historical range.
How many stocks are in the Nifty 50?
The Nifty 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (12 stocks), Automobile and Auto Components (5 stocks) and Healthcare (5 stocks).
What returns has the Nifty 50 delivered?
As of September 2026, the Nifty 50 total return (with dividends reinvested) is -7.09% over the past year and +6.38% 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 50?
Over the year to September 2026, the Nifty 50 had an annualized volatility (standard deviation of daily returns) of 13.42%. Its beta versus the Nifty 50 is 1.00, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty 50?
Across every one-year holding window since 1999, the Nifty 50 total return has a median of +12.34%, with the best window at +108.92% and the worst at -55.30%. 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 50 currently trades at a PE of 19.19, in band 2 of 5 of its own PE history. Across 1,255 overlapping 5-year windows since 1999 that began in this band, the median forward return was +13.17% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty 50 earnings grown?
Nifty 50 earnings, measured as the index level divided by its P/E, grew +12.34% a year over the last 5 years, while the index itself moved +5.04% a year and its P/E fell from 26.84 to 19.19. Past growth, not a forecast.
How often is the Nifty 50 rebalanced?
The Nifty 50 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.