Nifty Capital Markets PE Ratio
Valuation Percentile
Nifty Capital Markets's PB is cheaper than 99% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty Capital Markets PE ratio is 41.82 as of 1 October 2026, about 8% below its 1-year median of 45.50, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 45.50 | -8.10% |
Historical PE Ratio
Series start. P/E is published from 9 Sept 2024. Index values go back to 1 Apr 2019.
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 Capital Markets earnings grew +18.71% a year over the last 1 year, while the index moved +19.82% a year and its P/E went from 41.4 to 41.8.
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 Capital Markets
2 ETFs and 4 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (2)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Motilal Oswal Nifty Capital Market ETF | MOCAPITAL | 51.45 | 51.14 | +0.61% | +18.66% |
| Groww Nifty Capital Markets ETF | GROWWCAPM | 10.75 | 10.75 | +0.01% | - |
Index funds (4)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Tata Nifty Capital Markets Index Fund | Tata Asset Management Private Limited | 13.741 Oct 2026 | 2024 |
| Motilal Oswal Nifty Capital Market Index Fund | Motilal Oswal Asset Management Company Limited | 11.991 Oct 2026 | 2024 |
| Axis Nifty Capital Markets Index Fund | Axis Asset Management Co. Ltd. | 9.021 Oct 2026 | 2026 |
| Kotak Nifty Capital Markets Index Fund | Kotak Mahindra Asset Management Company Limited. | - | 2026 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2024 returned a median of +25.42% (best +57.21%, worst +8.19%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Capital Markets. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Capital Markets
The Nifty Capital Markets contains 17 constituents.
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
- Selection
- The index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the capital market theme. A comprehensive list of basic industries eligible to be included in this index can be accessed in a separate section in this document {Click Here}.
- Weight cap
- At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.
Summarised from NSE's official methodology document (PDF) for the Nifty Capital Markets; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Capital Markets PE ratio?
As of 1 October 2026, the Nifty Capital Markets PE ratio is 41.82. That is about 8% below its 1-year median of 45.50.
Is the Nifty Capital Markets undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 41.82 sits below every median window: 1-year (45.50).
What is a normal PE ratio for the Nifty Capital Markets?
Over the past one year its median PE has been 45.50, and over the past six months 46.21. Today's 41.82 is toward the lower end of that historical range.
How many stocks are in the Nifty Capital Markets?
The Nifty Capital Markets contains 17 stocks. By number of companies, its largest sectors are Financial Services (17 stocks).
What returns has the Nifty Capital Markets delivered?
As of September 2026, the Nifty Capital Markets total return (with dividends reinvested) is +23.68% over the past year and +26.35% 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 Capital Markets?
Over the year to September 2026, the Nifty Capital Markets had an annualized volatility (standard deviation of daily returns) of 24.56%. Its beta versus the Nifty 50 is 1.34, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Capital Markets?
Across every one-year holding window since 2024, the Nifty Capital Markets total return has a median of +25.42%, with the best window at +57.21% and the worst at +8.19%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty Capital Markets earnings grown?
Nifty Capital Markets earnings, measured as the index level divided by its P/E, grew +18.71% a year over the last 1 year, while the index itself moved +19.82% a year and its P/E rose from 41.43 to 41.82. Past growth, not a forecast.
Last updated: 1 October 2026.