Nifty MidSmall IT & Telecom PE Ratio
Valuation Percentile
Nifty MidSmall IT & Telecom's PB is cheaper than 99% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty MidSmall IT & Telecom PE ratio is 18.88 as of 20 August 2026, about 73% below its 3-year median of 71.10, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 71.10 | -73.45% |
| 1 Year | 60.58 | -68.83% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2005 returned a median of +8.46% (best +205.95%, worst -63.87%).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty MidSmall IT & Telecom. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty MidSmall IT & Telecom
The Nifty MidSmall IT & Telecom contains 20 constituents. Its largest sectors by number of companies are Information Technology (15) and Telecommunication (5).
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 MidSmall Sector Indices, stocks should qualify the following eligibility criteria: Eligible Universe: • Stocks forming part / going to be a part the Nifty MidSmallcap 400 index at the time of review subject to the following: o Non - F&O stocks within Nifty MidSmallcap 400 are
- Selection
- The CPSEs selected meet below mentioned parameters: 1. Included in the list of CPSEs published by the Department of Public Enterprise 2. Listed at National Stock Exchange of India Ltd. (NSE) 3. Having more than 51% government holding (stake via Govt.
- Rebalanced
- Semi-annually
- Weight cap
- Stock weights shall be capped at 33% each and the aggregate weight of top 3 stocks shall be capped at 62% at the time of index rebalancing.
- Constituents
- 6
Summarised from NSE's official methodology document (PDF) for the Nifty MidSmall IT & Telecom; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty MidSmall IT & Telecom PE ratio?
As of 20 August 2026, the Nifty MidSmall IT & Telecom PE ratio is 18.88. That is about 73% below its 3-year median of 71.10 and about 69% below its 1-year median of 60.58.
Is the Nifty MidSmall IT & Telecom undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 18.88 sits below every median window: 1-year (60.58) and 3-year (71.10).
What is a normal PE ratio for the Nifty MidSmall IT & Telecom?
Over the past three years its median PE has been 71.10, and over the past one year 60.58. Today's 18.88 is toward the lower end of that historical range.
How many stocks are in the Nifty MidSmall IT & Telecom?
The Nifty MidSmall IT & Telecom contains 20 stocks. By number of companies, its largest sectors are Information Technology (15 stocks) and Telecommunication (5 stocks).
What returns has the Nifty MidSmall IT & Telecom delivered?
As of July 2026, the Nifty MidSmall IT & Telecom total return (with dividends reinvested) is +0.71% over the past year and +10.83% 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 IT & Telecom?
Over the year to July 2026, the Nifty MidSmall IT & Telecom had an annualized volatility (standard deviation of daily returns) of 20.91%. Its beta versus the Nifty 50 is 0.99, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty MidSmall IT & Telecom?
Across every one-year holding window since 2005, the Nifty MidSmall IT & Telecom total return has a median of +8.46%, with the best window at +205.95% and the worst at -63.87%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How often is the Nifty MidSmall IT & Telecom rebalanced?
The Nifty MidSmall IT & Telecom is rebalanced semi-annually. Details are in the official NSE methodology document.
Last updated: 20 August 2026.