Nifty High Beta 50 PE Ratio
Valuation Percentile
Nifty High Beta 50's PB is more expensive than 88% of the last 5 years.
The Nifty High Beta 50 PE ratio is 22.53 as of 1 October 2026, about 19% above its 5-year median of 18.91, which places it in moderately overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 20.67 | +9.00% |
| 10 Years | 22.20 | +1.49% |
| 7 Years | 20.79 | +8.40% |
| 5 Years | 18.91 | +19.14% |
| 3 Years | 20.65 | +9.10% |
| 1 Year | 22.48 | +0.20% |
Historical PE Ratio
Data gap. P/E is unavailable from 24 May 2016 to 22 Jul 2016, 5 Sept 2017 to 25 May 2018, 4 Jul 2018 to 11 Dec 2018, 16 Dec 2019 to 25 Jun 2020 and 31 Jul 2020 to 29 Oct 2020 because the index’s aggregate earnings were negative, so no ratio could be published. The line bridges those dates, and medians and forward returns skip them.
Series start. P/E is published from 19 Nov 2012. Index values go back to 31 Dec 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 High Beta 50 earnings grew +12.20% a year over the last 5 years, while the index moved +14.08% a year and its P/E went from 20.7 to 22.5.
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.
Performance and risk
1-year holding windows since 2012 returned a median of +9.43% (best +153.37%, worst -58.61%).
Today's PE of 22.53 sits in band 4 of 5 of this index's history (PE 22.2 to 51.0). From this band, 5-year forward returns had a median of +18.27% a year and were positive in 100% of windows (311 windows since 2012).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty High Beta 50. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty High Beta 50
The Nifty High Beta 50 contains 50 constituents. Its largest sectors by weight are Financial Services (42.0%) and Capital Goods (11.5%).
Recent changes
4 October 2026: Added Ambuja Cements Ltd., Bajaj Finance Ltd., Bank of Maharashtra, GMR Airports Ltd., Larsen & Toubro Ltd., MTAR Technologies Ltd., Redington Ltd., Tata Motors Passenger Vehicles Ltd.. Removed Housing & Urban Development Corporation Ltd., Indian Renewable Energy Development Agency Ltd., Motilal Oswal Financial Services Ltd., Multi Commodity Exchange of India Ltd., NBCC (India) Ltd., Power Finance Corporation Ltd., Tata Steel Ltd., Ujjivan Small Finance Bank 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 company must be domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the Nifty indices • Convertible stock, bonds, warrants, rights, and preferred stock that provide a guaranteed fixed return,
- Selection
- Introduction: The index aims to measure the performance of the stocks listed on NSE that have High Beta. Beta can be referred to as a measure of the sensitivity of stock returns to market returns. The market is represented by the performance of the Nifty 50 index.
- Rebalanced
- Quarterly
- Weight cap
- The month over month change in allocation to equity component (Nifty 50 TR, excluding arbitrage component) by asset allocation model at the time of rebalancing is capped at 10%
Summarised from NSE's official methodology document (PDF) for the Nifty High Beta 50; the PDF is authoritative.
Stay Updated
Get weekly market insights and valuation updates delivered to your inbox.
Similar Indices
Frequently Asked Questions
What is the current Nifty High Beta 50 PE ratio?
As of 1 October 2026, the Nifty High Beta 50 PE ratio is 22.53. That is about 19% above its 5-year median of 18.91 and about 0% above its 1-year median of 22.48.
Is the Nifty High Beta 50 undervalued right now?
On a historical basis it screens as moderately overvalued. Its current PE of 22.53 sits above every median window: 1-year (22.48), 3-year (20.65), 5-year (18.91), 7-year (20.79), 10-year (22.20) and full-history (20.67).
What is a normal PE ratio for the Nifty High Beta 50?
Over the past five years its median PE has been 18.91, and over the past three years 20.65. Today's 22.53 is toward the upper end of that historical range.
How many stocks are in the Nifty High Beta 50?
The Nifty High Beta 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (21 stocks), Capital Goods (6 stocks) and Realty (4 stocks).
What returns has the Nifty High Beta 50 delivered?
As of September 2026, the Nifty High Beta 50 total return (with dividends reinvested) is +14.12% over the past year and +15.57% 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 High Beta 50?
Over the year to September 2026, the Nifty High Beta 50 had an annualized volatility (standard deviation of daily returns) of 22.02%. Its beta versus the Nifty 50 is 1.39, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty High Beta 50?
Across every one-year holding window since 2012, the Nifty High Beta 50 total return has a median of +9.43%, with the best window at +153.37% and the worst at -58.61%. 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 High Beta 50 currently trades at a PE of 22.53, in band 4 of 5 of its own PE history. Across 311 overlapping 5-year windows since 2012 that began in this band, the median forward return was +18.27% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty High Beta 50 earnings grown?
Nifty High Beta 50 earnings, measured as the index level divided by its P/E, grew +12.20% a year over the last 5 years, while the index itself moved +14.08% a year and its P/E rose from 20.74 to 22.53. Past growth, not a forecast.
How often is the Nifty High Beta 50 rebalanced?
The Nifty High Beta 50 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.