Nifty Midcap 50 PE Ratio
Valuation Percentile
Nifty Midcap 50's PB is more expensive than 56% of the last 5 years.
The Nifty Midcap 50 PE ratio is 35.99 as of 20 August 2026, about 19% above its 5-year median of 30.14, which places it in moderately overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 20.56 | +75.05% |
| 15 Years | 24.70 | +45.71% |
| 10 Years | 34.10 | +5.54% |
| 7 Years | 30.12 | +19.49% |
| 5 Years | 30.14 | +19.41% |
| 3 Years | 35.54 | +1.27% |
| 1 Year | 33.59 | +7.14% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2004 returned a median of +13.54% (best +170.68%, worst -67.75%).
Today's PE of 35.94 sits in band 4 of 5 of this index's history (PE 23.0 to 38.9). From this band, 5-year forward returns had a median of +20.09% a year and were positive in 98% of windows (401 windows since 2006).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty Midcap 50. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Midcap 50
The Nifty Midcap 50 contains 50 constituents. Its largest sectors by weight are Financial Services (31.8%) and Capital Goods (12.7%).
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 top 50 companies selected based on 6 month average free float market capitalization from the top 100 companies selected based on both average daily full market capitalization and average daily turnover based on previous six months data from the Nifty Midcap 150 index.
- Rebalanced
- Semi-annually
Summarised from NSE's official methodology document (PDF) for the Nifty Midcap 50; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Midcap 50 PE ratio?
As of 20 August 2026, the Nifty Midcap 50 PE ratio is 35.99. That is about 19% above its 5-year median of 30.14 and about 7% above its 1-year median of 33.59.
Is the Nifty Midcap 50 undervalued right now?
On a historical basis it screens as moderately overvalued. Its current PE of 35.99 sits above every median window: 1-year (33.59), 3-year (35.54), 5-year (30.14), 7-year (30.12), 10-year (34.10), 15-year (24.70) and full-history (20.56).
What is a normal PE ratio for the Nifty Midcap 50?
Over the past five years its median PE has been 30.14, and over the past three years 35.54. Today's 35.99 is toward the upper end of that historical range.
How many stocks are in the Nifty Midcap 50?
The Nifty Midcap 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (12 stocks), Capital Goods (7 stocks) and Healthcare (6 stocks).
What returns has the Nifty Midcap 50 delivered?
As of July 2026, the Nifty Midcap 50 total return (with dividends reinvested) is +12.39% over the past year and +19.75% 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 50?
Over the year to July 2026, the Nifty Midcap 50 had an annualized volatility (standard deviation of daily returns) of 16.79%. Its beta versus the Nifty 50 is 1.11, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Midcap 50?
Across every one-year holding window since 2004, the Nifty Midcap 50 total return has a median of +13.54%, with the best window at +170.68% and the worst at -67.75%. 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 50 currently trades at a PE of 35.94, in band 4 of 5 of its own PE history. Across 401 overlapping 5-year windows since 2006 that began in this band, the median forward return was +20.09% a year, positive in 98% of windows. A past distribution, not a prediction.
How often is the Nifty Midcap 50 rebalanced?
The Nifty Midcap 50 is rebalanced semi-annually. Details are in the official NSE methodology document.
Last updated: 20 August 2026.