Nifty Midcap Select PE Ratio
Valuation Percentile
Nifty Midcap Select's PB is cheaper than 70% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty Midcap Select PE ratio is 34.86 as of 20 August 2026, about 0% below its 3-year median of 34.93, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 34.93 | -0.20% |
| 1 Year | 29.92 | +16.51% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2005 returned a median of +13.34% (best +149.31%, worst -63.23%).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty Midcap Select. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Midcap Select
The Nifty Midcap Select contains 25 constituents. Its largest sectors by weight are Financial Services (35.3%) and Capital Goods (15.9%).
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
- To form part of Nifty Midcap Select Index, stocks should satisfy the following eligibility criteria.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the Nifty Midcap Select; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Midcap Select PE ratio?
As of 20 August 2026, the Nifty Midcap Select PE ratio is 34.86. That is about 0% below its 3-year median of 34.93 and about 17% above its 1-year median of 29.92.
Is the Nifty Midcap Select undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 34.86 compares with its historical medians: 1-year (29.92) and 3-year (34.93).
What is a normal PE ratio for the Nifty Midcap Select?
Over the past three years its median PE has been 34.93, and over the past one year 29.92. Today's 34.86 is toward the upper end of that historical range.
How many stocks are in the Nifty Midcap Select?
The Nifty Midcap Select contains 25 stocks. By number of companies, its largest sectors are Financial Services (8 stocks), Capital Goods (4 stocks) and Healthcare (3 stocks).
What returns has the Nifty Midcap Select delivered?
As of July 2026, the Nifty Midcap Select total return (with dividends reinvested) is +15.59% over the past year and +17.85% 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 Select?
Over the year to July 2026, the Nifty Midcap Select had an annualized volatility (standard deviation of daily returns) of 18.23%. 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 Select?
Across every one-year holding window since 2005, the Nifty Midcap Select total return has a median of +13.34%, with the best window at +149.31% and the worst at -63.23%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How often is the Nifty Midcap Select rebalanced?
The Nifty Midcap Select is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 20 August 2026.