Nifty Smallcap 50 PE Ratio
Valuation Percentile
Nifty Smallcap 50's PB is cheaper than 66% of the last 5 years.
The Nifty Smallcap 50 PE ratio is 31.73 as of 20 August 2026, about 13% above its 5-year median of 28.20, which places it in slightly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 28.18 | +12.60% |
| 7 Years | 28.05 | +13.12% |
| 5 Years | 28.20 | +12.52% |
| 3 Years | 29.42 | +7.85% |
| 1 Year | 30.66 | +3.51% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2005 returned a median of +7.83% (best +181.58%, worst -73.37%).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty Smallcap 50. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Smallcap 50
The Nifty Smallcap 50 contains 50 constituents. Its largest sectors by weight are Financial Services (38.2%) and Healthcare (19.4%).
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
- The review of broad market indices is undertaken semi-annually based on data for six months ending January and July. To be considered for inclusion in Nifty 500 index, companies must form part of eligible universe.
- Selection
- It includes top 50 companies selected based on 6 month average free-float market capitalization from the top 150 companies selected based on both average daily full market capitalization and average daily turnover based on previous six months period data from the Nifty Smallcap 250 Index.
- Rebalanced
- Semi-annually
Summarised from NSE's official methodology document (PDF) for the Nifty Smallcap 50; the PDF is authoritative.
Stay Updated
Get weekly market insights and valuation updates delivered to your inbox.
Similar Indices
Frequently Asked Questions
What is the current Nifty Smallcap 50 PE ratio?
As of 20 August 2026, the Nifty Smallcap 50 PE ratio is 31.73. That is about 13% above its 5-year median of 28.20 and about 4% above its 1-year median of 30.66.
Is the Nifty Smallcap 50 undervalued right now?
On a historical basis it screens as slightly overvalued. Its current PE of 31.73 sits above every median window: 1-year (30.66), 3-year (29.42), 5-year (28.20), 7-year (28.05) and full-history (28.18).
What is a normal PE ratio for the Nifty Smallcap 50?
Over the past five years its median PE has been 28.20, and over the past three years 29.42. Today's 31.73 is toward the upper end of that historical range.
How many stocks are in the Nifty Smallcap 50?
The Nifty Smallcap 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (16 stocks), Healthcare (11 stocks) and Capital Goods (3 stocks).
What returns has the Nifty Smallcap 50 delivered?
As of July 2026, the Nifty Smallcap 50 total return (with dividends reinvested) is +12.04% over the past year and +13.69% 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 Smallcap 50?
Over the year to July 2026, the Nifty Smallcap 50 had an annualized volatility (standard deviation of daily returns) of 18.60%. Its beta versus the Nifty 50 is 1.16, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Smallcap 50?
Across every one-year holding window since 2005, the Nifty Smallcap 50 total return has a median of +7.83%, with the best window at +181.58% and the worst at -73.37%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How often is the Nifty Smallcap 50 rebalanced?
The Nifty Smallcap 50 is rebalanced semi-annually. Details are in the official NSE methodology document.
Last updated: 20 August 2026.