Nifty MidSmall Healthcare PE Ratio
Valuation Percentile
Nifty MidSmall Healthcare's PB is cheaper than 69% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty MidSmall Healthcare PE ratio is 44.89 as of 1 October 2026, about 2% below its 3-year median of 45.75, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 45.75 | -1.88% |
| 1 Year | 42.90 | +4.64% |
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 Healthcare earnings grew +20.82% a year over the last 3 years, while the index moved +23.60% a year and its P/E went from 41.9 to 44.9.
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 Healthcare
0 ETFs and 2 index funds track this index. Prices and NAVs as of 1 Oct 2026.
Index funds (2)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Tata Nifty MidSmall Healthcare Index Fund | Tata Asset Management Private Limited | 14.961 Oct 2026 | 2024 |
| Motilal Oswal Nifty MidSmall Healthcare Index Fund | Motilal Oswal Asset Management Company Limited | 12.311 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 +23.28% (best +74.21%, worst -1.49%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty MidSmall Healthcare. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty MidSmall Healthcare
The Nifty MidSmall Healthcare contains 30 constituents.
Recent changes
4 October 2026: Added Anthem Biosciences Ltd.. Removed Pfizer Ltd..
23 July 2026: Added Acutaas Chemicals Ltd.. Removed J.B. Chemicals & Pharmaceuticals 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 Healthcare PE ratio?
As of 1 October 2026, the Nifty MidSmall Healthcare PE ratio is 44.89. That is about 2% below its 3-year median of 45.75 and about 5% above its 1-year median of 42.90.
Is the Nifty MidSmall Healthcare undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 44.89 compares with its historical medians: 1-year (42.90) and 3-year (45.75).
What is a normal PE ratio for the Nifty MidSmall Healthcare?
Over the past three years its median PE has been 45.75, and over the past one year 42.90. Today's 44.89 is toward the upper end of that historical range.
How many stocks are in the Nifty MidSmall Healthcare?
The Nifty MidSmall Healthcare contains 30 stocks. By number of companies, its largest sectors are Healthcare (30 stocks).
What returns has the Nifty MidSmall Healthcare delivered?
As of September 2026, the Nifty MidSmall Healthcare total return (with dividends reinvested) is +18.60% over the past year and +15.81% 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 Healthcare?
Over the year to September 2026, the Nifty MidSmall Healthcare had an annualized volatility (standard deviation of daily returns) of 14.38%. Its beta versus the Nifty 50 is 0.62, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty MidSmall Healthcare?
Across every one-year holding window since 2022, the Nifty MidSmall Healthcare total return has a median of +23.28%, with the best window at +74.21% and the worst at -1.49%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty MidSmall Healthcare earnings grown?
Nifty MidSmall Healthcare earnings, measured as the index level divided by its P/E, grew +20.82% a year over the last 3 years, while the index itself moved +23.60% a year and its P/E rose from 41.92 to 44.89. Past growth, not a forecast.
Last updated: 1 October 2026.