Nifty Midcap 150 PE Ratio
Valuation Percentile
Nifty Midcap 150's PB is more expensive than 53% of the last 5 years.
The Nifty Midcap 150 PE ratio is 28.57 as of 11 September 2026, about 4% below its 5-year median of 29.91, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 33.65 | -15.10% |
| 10 Years | 33.55 | -14.84% |
| 7 Years | 30.37 | -5.93% |
| 5 Years | 29.91 | -4.48% |
| 3 Years | 33.63 | -15.05% |
| 1 Year | 32.49 | -12.07% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2005 returned a median of +14.02% (best +169.32%, worst -67.02%).
Today's PE of 28.97 sits in band 2 of 5 of this index's history (PE 26.9 to 31.7). From this band, 5-year forward returns had a median of +26.43% a year and were positive in 100% of windows (232 windows since 2016).
View full performance and risk
Returns as of August 2026, from the NSE factsheet for the Nifty Midcap 150. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Midcap 150
The Nifty Midcap 150 contains 150 constituents. Its largest sectors by weight are Financial Services (28.9%) and Capital Goods (13.6%).
Constituent list as of 13 September 2026, sourced from NSE Indices. Weights as of 31 August 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
- Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the Nifty Midcap 150; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Midcap 150 PE ratio?
As of 11 September 2026, the Nifty Midcap 150 PE ratio is 28.57. That is about 4% below its 5-year median of 29.91 and about 12% below its 1-year median of 32.49.
Is the Nifty Midcap 150 undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 28.57 sits below every median window: 1-year (32.49), 3-year (33.63), 5-year (29.91), 7-year (30.37), 10-year (33.55) and full-history (33.65).
What is a normal PE ratio for the Nifty Midcap 150?
Over the past five years its median PE has been 29.91, and over the past three years 33.63. Today's 28.57 is toward the lower end of that historical range.
How many stocks are in the Nifty Midcap 150?
The Nifty Midcap 150 contains 150 stocks. By number of companies, its largest sectors are Financial Services (36 stocks), Capital Goods (19 stocks) and Healthcare (14 stocks).
What returns has the Nifty Midcap 150 delivered?
As of August 2026, the Nifty Midcap 150 total return (with dividends reinvested) is +14.13% over the past year and +17.83% 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 150?
Over the year to August 2026, the Nifty Midcap 150 had an annualized volatility (standard deviation of daily returns) of 15.92%. Its beta versus the Nifty 50 is 1.06, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Midcap 150?
Across every one-year holding window since 2005, the Nifty Midcap 150 total return has a median of +14.02%, with the best window at +169.32% and the worst at -67.02%. 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 150 currently trades at a PE of 28.97, in band 2 of 5 of its own PE history. Across 232 overlapping 5-year windows since 2016 that began in this band, the median forward return was +26.43% a year, positive in 100% of windows. A past distribution, not a prediction.
How often is the Nifty Midcap 150 rebalanced?
The Nifty Midcap 150 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 11 September 2026.