Nifty Midcap Liquid 15 PE Ratio
Valuation Percentile
Nifty Midcap Liquid 15's PB is more expensive than 81% of the last 5 years.
The Nifty Midcap Liquid 15 PE ratio is 38.79 as of 11 September 2026, about 41% above its 5-year median of 27.55, which places it in significantly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 22.66 | +71.18% |
| 7 Years | 23.49 | +65.13% |
| 5 Years | 27.55 | +40.80% |
| 3 Years | 36.85 | +5.26% |
| 1 Year | 38.21 | +1.52% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2009 returned a median of +13.95% (best +206.18%, worst -37.61%).
View full performance and risk
Returns as of August 2026, from the NSE factsheet for the Nifty Midcap Liquid 15. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Midcap Liquid 15
The Nifty Midcap Liquid 15 contains 15 constituents. Its largest sectors by weight are Financial Services (46.3%) and Information Technology (13.7%).
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
- Selection
- Introduction Nifty Midcap Liquid 15 Index is designed to provide investors exposure to the liquid midcap stocks while making the index easily replicable and tradable.
- Weight cap
- At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.
Summarised from NSE's official methodology document (PDF) for the Nifty Midcap Liquid 15; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Midcap Liquid 15 PE ratio?
As of 11 September 2026, the Nifty Midcap Liquid 15 PE ratio is 38.79. That is about 41% above its 5-year median of 27.55 and about 2% above its 1-year median of 38.21.
Is the Nifty Midcap Liquid 15 undervalued right now?
On a historical basis it screens as significantly overvalued. Its current PE of 38.79 sits above every median window: 1-year (38.21), 3-year (36.85), 5-year (27.55), 7-year (23.49) and full-history (22.66).
What is a normal PE ratio for the Nifty Midcap Liquid 15?
Over the past five years its median PE has been 27.55, and over the past three years 36.85. Today's 38.79 is toward the upper end of that historical range.
How many stocks are in the Nifty Midcap Liquid 15?
The Nifty Midcap Liquid 15 contains 15 stocks. By number of companies, its largest sectors are Financial Services (6 stocks), Capital Goods (2 stocks) and Information Technology (2 stocks).
What returns has the Nifty Midcap Liquid 15 delivered?
As of August 2026, the Nifty Midcap Liquid 15 total return (with dividends reinvested) is +20.82% over the past year and +23.92% 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 Liquid 15?
Over the year to August 2026, the Nifty Midcap Liquid 15 had an annualized volatility (standard deviation of daily returns) of 18.62%. Its beta versus the Nifty 50 is 1.19, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Midcap Liquid 15?
Across every one-year holding window since 2009, the Nifty Midcap Liquid 15 total return has a median of +13.95%, with the best window at +206.18% and the worst at -37.61%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
Last updated: 11 September 2026.