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 33.21 as of 20 August 2026, about 21% below its 5-year median of 42.12, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 35.00 | -5.10% |
| 15 Years | 39.76 | -16.47% |
| 10 Years | 41.95 | -20.83% |
| 7 Years | 41.58 | -20.13% |
| 5 Years | 42.12 | -21.15% |
| 3 Years | 42.69 | -22.21% |
| 1 Year | 36.89 | -9.99% |
Historical PE Ratio
Performance and risk
1-year holding windows since 1996 returned a median of +15.85% (best +127.30%, worst -25.77%).
Today's PE of 33.78 sits in band 3 of 5 of this index's history (PE 32.0 to 37.4). From this band, 5-year forward returns had a median of +13.44% a year and were positive in 100% of windows (1,174 windows since 1999).
View full performance and risk
Returns as of July 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.
Constituent list as of 16 August 2026, sourced from NSE Indices. Weights as of 31 July 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 20 August 2026, the Nifty FMCG PE ratio is 33.21. That is about 21% below its 5-year median of 42.12 and about 10% below its 1-year median of 36.89.
Is the Nifty FMCG undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 33.21 sits below every median window: 1-year (36.89), 3-year (42.69), 5-year (42.12), 7-year (41.58), 10-year (41.95), 15-year (39.76) and full-history (35.00).
What is a normal PE ratio for the Nifty FMCG?
Over the past five years its median PE has been 42.12, and over the past three years 42.69. Today's 33.21 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 July 2026, the Nifty FMCG total return (with dividends reinvested) is -11.06% over the past year and +8.16% 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 July 2026, the Nifty FMCG had an annualized volatility (standard deviation of daily returns) of 14.33%. Its beta versus the Nifty 50 is 0.68, 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 1996, the Nifty FMCG total return has a median of +15.85%, 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 33.78, in band 3 of 5 of its own PE history. Across 1,174 overlapping 5-year windows since 1999 that began in this band, the median forward return was +13.44% a year, positive in 100% of windows. A past distribution, not a prediction.
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: 20 August 2026.