indexPe

NIFTY Midcap 100 PE Ratio

Fairly ValuedBroad MarketNSELast updated: 20 Aug 2026
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Current PE Ratio
30.69
5Y Median PE
29.59
vs 5Y Median
+3.72%

Valuation Percentile

NIFTY Midcap 100's PB is more expensive than 68% of the last 5 years.

As of 20 Aug 2026 ยท 5Y daily data (1,240 obs)

The NIFTY Midcap 100 PE ratio is 30.69 as of 20 August 2026, about 4% above its 5-year median of 29.59, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history22.44+36.80%
15 Years26.59+15.42%
10 Years32.27-4.90%
7 Years29.78+3.06%
5 Years29.59+3.72%
3 Years33.16-7.45%
1 Year32.55-5.71%

Historical PE Ratio

Performance and risk

1Y total return
+10.29%
5Y total return (p.a.)
+18.59%
Volatility (1Y std dev)
16.76%
Beta vs Nifty 50 (1Y)
1.10

1-year holding windows since 2003 returned a median of +18.25% (best +164.97%, worst -61.37%).

Today's PE of 30.81 sits in band 4 of 5 of this index's history (PE 25.0 to 33.5). From this band, 5-year forward returns had a median of +15.44% a year and were positive in 99% of windows (510 windows since 2005).

View full performance and risk

Returns as of July 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 (28.8%) and Capital Goods (13.8%).

Financial Services: 28.8%Capital Goods: 13.8%Healthcare: 10.2%Consumer Services: 6.2%Automobile and Auto Components: 6.0%Information Technology: 5.8%+11 more sectors
SymbolCompanyIndustryWeight(%)
BSEBSE Ltd.Financial Services4.35
FEDERALBNKFederal Bank Ltd.Financial Services2.58
LAURUSLABSLaurus Labs Ltd.Healthcare2.06
HEROMOTOCOHero MotoCorp Ltd.Automobile and Auto Components2.04
MCXMulti Commodity Exchange of India Ltd.Financial Services2.01
INDUSINDBKIndusInd Bank Ltd.Financial Services1.95
PERSISTENTPersistent Systems Ltd.Information Technology1.76
COFORGECoforge Ltd.Information Technology1.75
AUBANKAU Small Finance Bank Ltd.Financial Services1.73
BHELBharat Heavy Electricals Ltd.Capital Goods1.73
360ONE360 ONE WAM Ltd.Financial Services
APLAPOLLOAPL Apollo Tubes Ltd.Capital Goods
ATGLAdani Total Gas Ltd.Oil Gas & Consumable Fuels
ABCAPITALAditya Birla Capital Ltd.Financial Services
ALKEMAlkem Laboratories Ltd.Healthcare
ASHOKLEYAshok Leyland Ltd.Capital Goods
ASTRALAstral Ltd.Capital Goods
AUROPHARMAAurobindo Pharma Ltd.Healthcare
BANKINDIABank of IndiaFinancial Services
BDLBharat Dynamics Ltd.Capital Goods
BHARATFORGBharat Forge Ltd.Automobile and Auto Components
GROWWBillionbrains Garage Ventures Ltd.Financial Services
BIOCONBiocon Ltd.Healthcare
BLUESTARCOBlue Star Ltd.Consumer Durables
COCHINSHIPCochin Shipyard Ltd.Capital Goods
COLPALColgate Palmolive (India) Ltd.Fast Moving Consumer Goods
CONCORContainer Corporation of India Ltd.Services
COROMANDELCoromandel International Ltd.Chemicals
DABURDabur India Ltd.Fast Moving Consumer Goods
DIXONDixon Technologies (India) Ltd.Consumer Durables
EXIDEINDExide Industries Ltd.Automobile and Auto Components
NYKAAFSN E-Commerce Ventures Ltd.Consumer Services
FORTISFortis Healthcare Ltd.Healthcare
GVT&DGE Vernova T&D India Ltd.Capital Goods
GMRAIRPORTGMR Airports Ltd.Services
GLENMARKGlenmark Pharmaceuticals Ltd.Healthcare
GODFRYPHLPGodfrey Phillips India Ltd.Fast Moving Consumer Goods
GODREJPROPGodrej Properties Ltd.Realty
HAVELLSHavells India Ltd.Consumer Durables
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
POWERINDIAHitachi Energy India Ltd.Capital Goods
HUDCOHousing & Urban Development Corporation Ltd.Financial Services
ICICIGIICICI Lombard General Insurance Company Ltd.Financial Services
ICICIAMCICICI Prudential Asset Management Company Ltd.Financial Services
IDFCFIRSTBIDFC First Bank Ltd.Financial Services
INDIANBIndian BankFinancial Services
IRCTCIndian Railway Catering And Tourism Corporation Ltd.Consumer Services
IREDAIndian Renewable Energy Development Agency Ltd.Financial Services
INDUSTOWERIndus Towers Ltd.Telecommunication
NAUKRIInfo Edge (India) Ltd.Consumer Services
JSWENERGYJSW Energy Ltd.Power
JUBLFOODJubilant Foodworks Ltd.Consumer Services
KEIKEI Industries Ltd.Capital Goods
KPITTECHKPIT Technologies Ltd.Information Technology
KALYANKJILKalyan Jewellers India Ltd.Consumer Durables
LTFL&T Finance Ltd.Financial Services
LGEINDIALG Electronics India Ltd.Consumer Durables
LICHSGFINLIC Housing Finance Ltd.Financial Services
LENSKARTLenskart Solutions Ltd.Consumer Services
LUPINLupin Ltd.Healthcare
MRFMRF Ltd.Automobile and Auto Components
M&MFINMahindra & Mahindra Financial Services Ltd.Financial Services
MANKINDMankind Pharma Ltd.Healthcare
MARICOMarico Ltd.Fast Moving Consumer Goods
MFSLMax Financial Services Ltd.Financial Services
MOTILALOFSMotilal Oswal Financial Services Ltd.Financial Services
MPHASISMphasiS Ltd.Information Technology
NHPCNHPC Ltd.Power
NMDCNMDC Ltd.Metals & Mining
NATIONALUMNational Aluminium Co. Ltd.Metals & Mining
OBEROIRLTYOberoi Realty Ltd.Realty
OILOil India Ltd.Oil Gas & Consumable Fuels
PAYTMOne 97 Communications Ltd.Financial Services
OFSSOracle Financial Services Software Ltd.Information Technology
POLICYBZRPB Fintech Ltd.Financial Services
PIINDPI Industries Ltd.Chemicals
PAGEINDPage Industries Ltd.Textiles
PATANJALIPatanjali Foods Ltd.Fast Moving Consumer Goods
PHOENIXLTDPhoenix Mills Ltd.Realty
POLYCABPolycab India Ltd.Capital Goods
PREMIERENEPremier Energies Ltd.Capital Goods
PRESTIGEPrestige Estates Projects Ltd.Realty
RADICORadico Khaitan LtdFast Moving Consumer Goods
RVNLRail Vikas Nigam Ltd.Construction
SBICARDSBI Cards and Payment Services Ltd.Financial Services
SRFSRF Ltd.Chemicals
SAILSteel Authority of India Ltd.Metals & Mining
SUPREMEINDSupreme Industries Ltd.Capital Goods
SUZLONSuzlon Energy Ltd.Capital Goods
SWIGGYSwiggy Ltd.Consumer Services
TATACOMMTata Communications Ltd.Telecommunication
TATAELXSITata Elxsi Ltd.Information Technology
TATAINVESTTata Investment Corporation Ltd.Financial Services
TIINDIATube Investments of India Ltd.Automobile and Auto Components
UPLUPL Ltd.Chemicals
VMMVishal Mega Mart Ltd.Consumer Services
IDEAVodafone Idea Ltd.Telecommunication
VOLTASVoltas Ltd.Consumer Durables
WAAREEENERWaaree Energies Ltd.Capital Goods
YESBANKYes Bank Ltd.Financial Services

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

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
Semi-annually

Summarised from NSE's official methodology document (PDF) for the NIFTY Midcap 100; the PDF is authoritative.

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Nifty 100Nifty 200Nifty 50Nifty 500Nifty India FPI 150

Frequently Asked Questions

What is the current NIFTY Midcap 100 PE ratio?

As of 20 August 2026, the NIFTY Midcap 100 PE ratio is 30.69. That is about 4% above its 5-year median of 29.59 and about 6% below its 1-year median of 32.55.

Is the NIFTY Midcap 100 undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 30.69 compares with its historical medians: 1-year (32.55), 3-year (33.16), 5-year (29.59), 7-year (29.78), 10-year (32.27), 15-year (26.59) and full-history (22.44).

What is a normal PE ratio for the NIFTY Midcap 100?

Over the past five years its median PE has been 29.59, and over the past three years 33.16. Today's 30.69 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 (14 stocks) and Healthcare (8 stocks).

What returns has the NIFTY Midcap 100 delivered?

As of July 2026, the NIFTY Midcap 100 total return (with dividends reinvested) is +10.29% over the past year and +18.59% 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 July 2026, the NIFTY Midcap 100 had an annualized volatility (standard deviation of daily returns) of 16.76%. Its beta versus the Nifty 50 is 1.10, 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 2003, the NIFTY Midcap 100 total return has a median of +18.25%, with the best window at +164.97% 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 30.81, in band 4 of 5 of its own PE history. Across 510 overlapping 5-year windows since 2005 that began in this band, the median forward return was +15.44% a year, positive in 99% of windows. A past distribution, not a prediction.

How often is the NIFTY Midcap 100 rebalanced?

The NIFTY Midcap 100 is rebalanced semi-annually. Details are in the official NSE methodology document.

Last updated: 20 August 2026.