Nifty FMCG PE Ratio
Valuation Percentile
Nifty FMCG's PB is cheaper than 100% of the last 5 years.
The Nifty FMCG PE ratio is 30.37 as of 1 October 2026, about 28% below its 5-year median of 41.94, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 34.94 | -13.08% |
| 15 Years | 39.76 | -23.62% |
| 10 Years | 41.95 | -27.61% |
| 7 Years | 41.50 | -26.82% |
| 5 Years | 41.94 | -27.59% |
| 3 Years | 42.53 | -28.59% |
| 1 Year | 35.61 | -14.71% |
Historical PE Ratio
Series start. P/E is published from 22 Sept 1999. Index values go back to 1 Jan 1996.
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 FMCG earnings grew +9.47% a year over the last 5 years, while the index moved +1.63% a year and its P/E went from 44.0 to 30.4.
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 FMCG
2 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (2)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| ICICI Prudential Nifty FMCG ETF | FMCGIETF | 47.16 | - | - | -20.16% |
| DSP Nifty FMCG ETF | FMCGADD | 44.93 | - | - | - |
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 +13.66% (best +127.30%, worst -25.77%).
Today's PE of 30.37 sits in band 2 of 5 of this index's history (PE 26.3 to 31.9). From this band, 5-year forward returns had a median of +18.82% a year and were positive in 100% of windows (1,322 windows since 1999).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty FMCG. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty FMCG
The Nifty FMCG contains 15 constituents.
Recent changes
4 October 2026: Added Godfrey Phillips India Ltd.. Removed Emami 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
- Selection
- The index is designed to reflect the behaviour and performance of Fast Moving Consumer Goods (FMCG).
- Rebalanced
- Semi-annually. The review of sectoral indices is undertaken semi-annually based on data for six months ending January and July.
- Weight cap
- For all other sectoral indices, the weight of each stock is capped at 33% and the weight of top 3 stocks is capped at 62%
Summarised from NSE's official methodology document (PDF) for the Nifty FMCG; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty FMCG PE ratio?
As of 1 October 2026, the Nifty FMCG PE ratio is 30.37. That is about 28% below its 5-year median of 41.94 and about 15% below its 1-year median of 35.61.
Is the Nifty FMCG undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 30.37 sits below every median window: 1-year (35.61), 3-year (42.53), 5-year (41.94), 7-year (41.50), 10-year (41.95), 15-year (39.76) and full-history (34.94).
What is a normal PE ratio for the Nifty FMCG?
Over the past five years its median PE has been 41.94, and over the past three years 42.53. Today's 30.37 is toward the lower end of that historical range.
How many stocks are in the Nifty FMCG?
The Nifty FMCG contains 15 stocks. By number of companies, its largest sectors are Fast Moving Consumer Goods (15 stocks).
What returns has the Nifty FMCG delivered?
As of September 2026, the Nifty FMCG total return (with dividends reinvested) is -17.89% over the past year and +3.65% 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 FMCG?
Over the year to September 2026, the Nifty FMCG had an annualized volatility (standard deviation of daily returns) of 14.48%. Its beta versus the Nifty 50 is 0.73, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty FMCG?
Across every one-year holding window since 1999, the Nifty FMCG total return has a median of +13.66%, with the best window at +127.30% and the worst at -25.77%. 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 FMCG currently trades at a PE of 30.37, in band 2 of 5 of its own PE history. Across 1,322 overlapping 5-year windows since 1999 that began in this band, the median forward return was +18.82% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty FMCG earnings grown?
Nifty FMCG earnings, measured as the index level divided by its P/E, grew +9.47% a year over the last 5 years, while the index itself moved +1.63% a year and its P/E fell from 44.04 to 30.37. Past growth, not a forecast.
How often is the Nifty FMCG rebalanced?
The Nifty FMCG is rebalanced semi-annually. The review of sectoral indices is undertaken semi-annually based on data for six months ending January and July. Details are in the official NSE methodology document.
Last updated: 1 October 2026.