NIFTY Midcap 100 PE Ratio
Valuation Percentile
NIFTY Midcap 100's PB is cheaper than 56% of the last 5 years.
The NIFTY Midcap 100 PE ratio is 27.70 as of 1 October 2026, about 7% below its 5-year median of 29.86, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 22.51 | +23.06% |
| 15 Years | 27.01 | +2.57% |
| 10 Years | 32.07 | -13.63% |
| 7 Years | 29.93 | -7.44% |
| 5 Years | 29.86 | -7.23% |
| 3 Years | 33.16 | -16.47% |
| 1 Year | 32.39 | -14.49% |
Historical PE Ratio
Data gap. P/E is unavailable from 10 Aug 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 18 Jul 2005. Index values go back to 1 Jan 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 Midcap 100 earnings grew +17.45% a year over the last 5 years, while the index moved +14.08% a year and its P/E went from 32.0 to 27.7.
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 Midcap 100
3 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (3)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETF | MOM100 | 63.89 | - | - | +2.94% |
| Motilal Oswal BSE Low Volatility ETF | MOLOWVOL | 33.9 | - | - | -9.84% |
| LIC MF Nifty Midcap 100 ETF | LICNMID100 | 58.8 | - | - | +2.16% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2005 returned a median of +12.12% (best +161.33%, worst -61.37%).
Today's PE of 27.70 sits in band 4 of 5 of this index's history (PE 25.1 to 33.5). From this band, 5-year forward returns had a median of +15.79% a year and were positive in 99% of windows (530 windows since 2005).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the NIFTY Midcap 100. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the NIFTY Midcap 100
The NIFTY Midcap 100 contains 100 constituents. Its largest sectors by weight are Financial Services (27.9%) and Capital Goods (12.3%).
Recent changes
4 October 2026: Added Apar Industries Ltd., Bank of Maharashtra, Hindustan Copper Ltd., Indian Hotels Co. Ltd., Life Insurance Corporation of India, Lodha Developers Ltd., Meesho Ltd., NLC India Ltd., REC Ltd., United Spirits Ltd.. Removed Alkem Laboratories Ltd., BSE Ltd., Coromandel International Ltd., Hitachi Energy India Ltd., Housing & Urban Development Corporation Ltd., KPIT Technologies Ltd., Polycab India Ltd., Tata Elxsi Ltd., Tata Investment Corporation Ltd., Vodafone Idea 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 Midcap 50.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the NIFTY Midcap 100; the PDF is authoritative.
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Frequently Asked Questions
What is the current NIFTY Midcap 100 PE ratio?
As of 1 October 2026, the NIFTY Midcap 100 PE ratio is 27.70. That is about 7% below its 5-year median of 29.86 and about 14% below its 1-year median of 32.39.
Is the NIFTY Midcap 100 undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 27.70 compares with its historical medians: 1-year (32.39), 3-year (33.16), 5-year (29.86), 7-year (29.93), 10-year (32.07), 15-year (27.01) and full-history (22.51).
What is a normal PE ratio for the NIFTY Midcap 100?
Over the past five years its median PE has been 29.86, and over the past three years 33.16. Today's 27.70 is toward the lower end of that historical range.
How many stocks are in the NIFTY Midcap 100?
The NIFTY Midcap 100 contains 100 stocks. By number of companies, its largest sectors are Financial Services (25 stocks), Capital Goods (13 stocks) and Consumer Services (9 stocks).
What returns has the NIFTY Midcap 100 delivered?
As of September 2026, the NIFTY Midcap 100 total return (with dividends reinvested) is +5.58% over the past year and +15.12% 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 Midcap 100?
Over the year to September 2026, the NIFTY Midcap 100 had an annualized volatility (standard deviation of daily returns) of 16.52%. Its beta versus the Nifty 50 is 1.07, meaning it has moved more than the broad market.
What is a typical one-year return for the NIFTY Midcap 100?
Across every one-year holding window since 2005, the NIFTY Midcap 100 total return has a median of +12.12%, with the best window at +161.33% and the worst at -61.37%. 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 Midcap 100 currently trades at a PE of 27.70, in band 4 of 5 of its own PE history. Across 530 overlapping 5-year windows since 2005 that began in this band, the median forward return was +15.79% a year, positive in 99% of windows. A past distribution, not a prediction.
How fast have NIFTY Midcap 100 earnings grown?
NIFTY Midcap 100 earnings, measured as the index level divided by its P/E, grew +17.45% a year over the last 5 years, while the index itself moved +14.08% a year and its P/E fell from 32.04 to 27.70. Past growth, not a forecast.
How often is the NIFTY Midcap 100 rebalanced?
The NIFTY Midcap 100 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.