NIFTY LargeMidcap 250 PE Ratio
Valuation Percentile
NIFTY LargeMidcap 250's PB is cheaper than 100% of the last 5 years.
The NIFTY LargeMidcap 250 PE ratio is 22.64 as of 1 October 2026, about 11% below its 5-year median of 25.31, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 27.63 | -18.07% |
| 7 Years | 26.39 | -14.21% |
| 5 Years | 25.31 | -10.55% |
| 3 Years | 26.39 | -14.21% |
| 1 Year | 25.31 | -10.57% |
Historical PE Ratio
Series start. P/E is published from 30 Nov 2017. Index values go back to 1 Apr 2005.
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 LargeMidcap 250 earnings grew +15.92% a year over the last 5 years, while the index moved +9.79% a year and its P/E went from 29.7 to 22.6.
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 LargeMidcap 250
1 ETF and 6 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Edelweiss Nifty LargeMidcap 250 ETF | ELM250 | 15.84 | - | - | -3.04% |
Index funds (6)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 Index Fund | Edelweiss Asset Management Limited | 16.311 Oct 2026 | 2021 |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund | Zerodha Asset Management Private Limited | 13.541 Oct 2026 | 2023 |
| Zerodha Nifty LargeMidcap 250 Index Fund | Zerodha Asset Management Private Limited | 13.511 Oct 2026 | 2023 |
| ICICI Prudential Nifty LargeMidcap 250 Index Fund | ICICI Prudential Asset Management Company Limited | 11.741 Oct 2026 | 2024 |
| HDFC NIFTY LargeMidcap 250 Index Fund | HDFC Asset Management Company Limited | 9.561 Oct 2026 | 2024 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2017 returned a median of +9.25% (best +106.57%, worst -32.85%).
Today's PE of 22.64 sits in band 1 of 5 of this index's history (PE below 24.2). From this band, 3-year forward returns had a median of +19.18% a year and were positive in 100% of windows (334 windows since 2017).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the NIFTY LargeMidcap 250. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the NIFTY LargeMidcap 250
The NIFTY LargeMidcap 250 contains 250 constituents. Its largest sectors by weight are Financial Services (30.2%) and Healthcare (8.4%).
Recent changes
4 October 2026: Added Aster DM Quality Care Ltd., EMBASSY OFFICE PARKS REIT, Fertilisers and Chemicals Travancore Ltd., Hindustan Copper Ltd., Indian Overseas Bank, Meesho Ltd., Narayana Hrudayalaya Ltd., Piramal Finance Ltd., Vedanta Aluminium Metal Ltd.. Removed 3M India Ltd., ACC Ltd., AWL Agri Business Ltd., Apollo Tyres Ltd., Honeywell Automation India Ltd., KPIT Technologies Ltd., SJVN Ltd., Tata Elxsi Ltd., The New India Assurance Company 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
- It includes all companies from Nifty 100 and Nifty Midcap 150.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the NIFTY LargeMidcap 250; 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 LargeMidcap 250 PE ratio?
As of 1 October 2026, the NIFTY LargeMidcap 250 PE ratio is 22.64. That is about 11% below its 5-year median of 25.31 and about 11% below its 1-year median of 25.31.
Is the NIFTY LargeMidcap 250 undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 22.64 sits below every median window: 1-year (25.31), 3-year (26.39), 5-year (25.31), 7-year (26.39) and full-history (27.63).
What is a normal PE ratio for the NIFTY LargeMidcap 250?
Over the past five years its median PE has been 25.31, and over the past three years 26.39. Today's 22.64 is toward the lower end of that historical range.
How many stocks are in the NIFTY LargeMidcap 250?
The NIFTY LargeMidcap 250 contains 250 stocks. By number of companies, its largest sectors are Financial Services (60 stocks), Capital Goods (27 stocks) and Healthcare (24 stocks).
What returns has the NIFTY LargeMidcap 250 delivered?
As of September 2026, the NIFTY LargeMidcap 250 total return (with dividends reinvested) is -0.37% over the past year and +10.96% 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 LargeMidcap 250?
Over the year to September 2026, the NIFTY LargeMidcap 250 had an annualized volatility (standard deviation of daily returns) of 14.63%. Its beta versus the Nifty 50 is 1.04, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the NIFTY LargeMidcap 250?
Across every one-year holding window since 2017, the NIFTY LargeMidcap 250 total return has a median of +9.25%, with the best window at +106.57% and the worst at -32.85%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 3-year returns been from PE levels like today's?
The NIFTY LargeMidcap 250 currently trades at a PE of 22.64, in band 1 of 5 of its own PE history. Across 334 overlapping 3-year windows since 2017 that began in this band, the median forward return was +19.18% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have NIFTY LargeMidcap 250 earnings grown?
NIFTY LargeMidcap 250 earnings, measured as the index level divided by its P/E, grew +15.92% a year over the last 5 years, while the index itself moved +9.79% a year and its P/E fell from 29.71 to 22.64. Past growth, not a forecast.
How often is the NIFTY LargeMidcap 250 rebalanced?
The NIFTY LargeMidcap 250 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.