Nifty Low Volatility 50 PE Ratio
Valuation Percentile
Nifty Low Volatility 50's PB is cheaper than 100% of the last 5 years.
The Nifty Low Volatility 50 PE ratio is 22.41 as of 1 October 2026, about 22% below its 5-year median of 28.77, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 25.93 | -13.58% |
| 10 Years | 27.41 | -18.24% |
| 7 Years | 28.34 | -20.92% |
| 5 Years | 28.77 | -22.11% |
| 3 Years | 31.93 | -29.82% |
| 1 Year | 29.38 | -23.71% |
Historical PE Ratio
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 Low Volatility 50 earnings grew +10.39% a year over the last 5 years, while the index moved +6.75% a year and its P/E went from 26.5 to 22.4.
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.
Performance and risk
1-year holding windows since 2012 returned a median of +12.64% (best +76.27%, worst -21.10%).
Today's PE of 22.41 sits in band 1 of 5 of this index's history (PE below 22.9). From this band, 5-year forward returns had a median of +17.88% a year and were positive in 100% of windows (686 windows since 2012).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Low Volatility 50. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Low Volatility 50
The Nifty Low Volatility 50 contains 50 constituents. Its largest sectors by weight are Financial Services (20.3%) and Healthcare (17.0%).
Recent changes
4 October 2026: Added Coal India Ltd., Havells India Ltd., Oil & Natural Gas Corporation Ltd., Tata Power Co. Ltd., Zydus Lifesciences Ltd.. Removed Colgate Palmolive (India) Ltd., Dabur India Ltd., Indian Railway Catering And Tourism Corporation Ltd., Infosys Ltd., MRF 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 least volatile securities listed on NSE. In order to make the 50 stocks index investible and replicable, criteria such as turnover and market capitalization are applied while selection of securities.
- 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 Low Volatility 50; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Low Volatility 50 PE ratio?
As of 1 October 2026, the Nifty Low Volatility 50 PE ratio is 22.41. That is about 22% below its 5-year median of 28.77 and about 24% below its 1-year median of 29.38.
Is the Nifty Low Volatility 50 undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 22.41 sits below every median window: 1-year (29.38), 3-year (31.93), 5-year (28.77), 7-year (28.34), 10-year (27.41) and full-history (25.93).
What is a normal PE ratio for the Nifty Low Volatility 50?
Over the past five years its median PE has been 28.77, and over the past three years 31.93. Today's 22.41 is toward the lower end of that historical range.
How many stocks are in the Nifty Low Volatility 50?
The Nifty Low Volatility 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (10 stocks), Fast Moving Consumer Goods (8 stocks) and Healthcare (8 stocks).
What returns has the Nifty Low Volatility 50 delivered?
As of September 2026, the Nifty Low Volatility 50 total return (with dividends reinvested) is -4.96% over the past year and +8.30% 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 Low Volatility 50?
Over the year to September 2026, the Nifty Low Volatility 50 had an annualized volatility (standard deviation of daily returns) of 11.95%. Its beta versus the Nifty 50 is 0.84, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty Low Volatility 50?
Across every one-year holding window since 2012, the Nifty Low Volatility 50 total return has a median of +12.64%, with the best window at +76.27% and the worst at -21.10%. 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 Low Volatility 50 currently trades at a PE of 22.41, in band 1 of 5 of its own PE history. Across 686 overlapping 5-year windows since 2012 that began in this band, the median forward return was +17.88% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty Low Volatility 50 earnings grown?
Nifty Low Volatility 50 earnings, measured as the index level divided by its P/E, grew +10.39% a year over the last 5 years, while the index itself moved +6.75% a year and its P/E fell from 26.50 to 22.41. Past growth, not a forecast.
How often is the Nifty Low Volatility 50 rebalanced?
The Nifty Low Volatility 50 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.