Nifty Top 20 Equal Weight PE Ratio
Valuation Percentile
Nifty Top 20 Equal Weight's PB is cheaper than 98% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty Top 20 Equal Weight PE ratio is 20.52 as of 11 September 2026, about 10% below its 1-year median of 22.83, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 22.83 | -10.12% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2006 returned a median of +13.14% (best +114.41%, worst -51.85%).
View full performance and risk
Returns as of August 2026, from the NSE factsheet for the Nifty Top 20 Equal Weight. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Top 20 Equal Weight
The Nifty Top 20 Equal Weight contains 20 constituents. Its largest sectors by weight are Financial Services (29.2%) and Information Technology (16.4%).
Constituent list as of 13 September 2026, sourced from NSE Indices. Weights as of 31 August 2026, from the NSE factsheet.
How this index works
- Universe
- • The company must be domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the Nifty indices • Convertible stock, bonds, warrants, rights, and preferred stock that provide a guaranteed fixed return,
- Selection
- Introduction NSE Indices has developed the Nifty Top 20 Equal Weight Index which aims to track the performance of the top 20 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
- Rebalanced
- Annually. The review of Nifty Dividend Opportunities 50 index is undertaken annually based on data for six months ending January.
- Weight cap
- The month over month change in allocation to equity component (Nifty 50 TR, excluding arbitrage component) by asset allocation model at the time of rebalancing is capped at 10%
Summarised from NSE's official methodology document (PDF) for the Nifty Top 20 Equal Weight; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Top 20 Equal Weight PE ratio?
As of 11 September 2026, the Nifty Top 20 Equal Weight PE ratio is 20.52. That is about 10% below its 1-year median of 22.83.
Is the Nifty Top 20 Equal Weight undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 20.52 sits below every median window: 1-year (22.83).
What is a normal PE ratio for the Nifty Top 20 Equal Weight?
Over the past one year its median PE has been 22.83, and over the past six months 21.57. Today's 20.52 is toward the lower end of that historical range.
How many stocks are in the Nifty Top 20 Equal Weight?
The Nifty Top 20 Equal Weight contains 20 stocks. By number of companies, its largest sectors are Financial Services (6 stocks), Information Technology (3 stocks) and Automobile and Auto Components (2 stocks).
What returns has the Nifty Top 20 Equal Weight delivered?
As of August 2026, the Nifty Top 20 Equal Weight total return (with dividends reinvested) is -0.21% over the past year and +10.03% 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 Top 20 Equal Weight?
Over the year to August 2026, the Nifty Top 20 Equal Weight had an annualized volatility (standard deviation of daily returns) of 13.69%. Its beta versus the Nifty 50 is 1.01, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty Top 20 Equal Weight?
Across every one-year holding window since 2006, the Nifty Top 20 Equal Weight total return has a median of +13.14%, with the best window at +114.41% and the worst at -51.85%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How often is the Nifty Top 20 Equal Weight rebalanced?
The Nifty Top 20 Equal Weight is rebalanced annually. The review of Nifty Dividend Opportunities 50 index is undertaken annually based on data for six months ending January. Details are in the official NSE methodology document.
Last updated: 11 September 2026.