Nifty MidSmall Financial Services PE Ratio
Valuation Percentile
Nifty MidSmall Financial Services's PB is cheaper than 83% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty MidSmall Financial Services PE ratio is 19.64 as of 1 October 2026, about 16% below its 3-year median of 23.51, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 23.51 | -16.46% |
| 1 Year | 28.69 | -31.53% |
Historical PE Ratio
Series start. P/E is published from 3 Aug 2022. Index values go back to 1 Apr 2005.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty MidSmall Financial Services earnings grew +9.93% a year over the last 3 years, while the index moved +21.57% a year and its P/E went from 14.5 to 19.6.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty MidSmall Financial Services
0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Motilal Oswal Nifty MidSmall Financial Services Index Fund | Motilal Oswal Asset Management Company Limited | 13.561 Oct 2026 | 2024 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2022 returned a median of +32.85% (best +70.99%, worst +0.93%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty MidSmall Financial Services. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty MidSmall Financial Services
The Nifty MidSmall Financial Services contains 30 constituents.
Recent changes
4 October 2026: Added Motilal Oswal Financial Services Ltd., Nippon Life India Asset Management Ltd., REC Ltd.. Removed BSE Ltd., Housing & Urban Development Corporation Ltd., RBL Bank Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
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Frequently Asked Questions
What is the current Nifty MidSmall Financial Services PE ratio?
As of 1 October 2026, the Nifty MidSmall Financial Services PE ratio is 19.64. That is about 16% below its 3-year median of 23.51 and about 32% below its 1-year median of 28.69.
Is the Nifty MidSmall Financial Services undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 19.64 sits below every median window: 1-year (28.69) and 3-year (23.51).
What is a normal PE ratio for the Nifty MidSmall Financial Services?
Over the past three years its median PE has been 23.51, and over the past one year 28.69. Today's 19.64 is toward the lower end of that historical range.
How many stocks are in the Nifty MidSmall Financial Services?
The Nifty MidSmall Financial Services contains 30 stocks. By number of companies, its largest sectors are Financial Services (30 stocks).
What returns has the Nifty MidSmall Financial Services delivered?
As of September 2026, the Nifty MidSmall Financial Services total return (with dividends reinvested) is +17.71% over the past year and +20.95% 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 MidSmall Financial Services?
Over the year to September 2026, the Nifty MidSmall Financial Services had an annualized volatility (standard deviation of daily returns) of 20.65%. Its beta versus the Nifty 50 is 1.27, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty MidSmall Financial Services?
Across every one-year holding window since 2022, the Nifty MidSmall Financial Services total return has a median of +32.85%, with the best window at +70.99% and the worst at +0.93%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty MidSmall Financial Services earnings grown?
Nifty MidSmall Financial Services earnings, measured as the index level divided by its P/E, grew +9.93% a year over the last 3 years, while the index itself moved +21.57% a year and its P/E rose from 14.51 to 19.64. Past growth, not a forecast.
Last updated: 1 October 2026.