NIFTY100 Alpha 30 PE Ratio
Valuation Percentile
NIFTY100 Alpha 30's PB is cheaper than 79% of the last 5 years.
The NIFTY100 Alpha 30 PE ratio is 17.25 as of 1 October 2026, about 24% below its 5-year median of 22.74, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 7 Years | 25.52 | -32.41% |
| 5 Years | 22.74 | -24.14% |
| 3 Years | 24.35 | -29.16% |
| 1 Year | 21.52 | -19.84% |
Historical PE Ratio
Series start. P/E is published from 28 Jun 2019. 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.
NIFTY100 Alpha 30 earnings grew +13.17% a year over the last 5 years, while the index moved +6.58% a year and its P/E went from 23.3 to 17.3.
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.
Performance and risk
1-year holding windows since 2019 returned a median of +9.30% (best +81.30%, worst -22.66%).
Today's PE of 17.25 sits in band 1 of 5 of this index's history (PE below 20.2). From this band, 3-year forward returns had a median of +17.94% a year and were positive in 100% of windows (179 windows since 2019).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the NIFTY100 Alpha 30. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the NIFTY100 Alpha 30
The NIFTY100 Alpha 30 contains 30 constituents. Its largest sectors by weight are Financial Services (22.8%) and Metals & Mining (18.5%).
Recent changes
4 October 2026: Added ABB India Ltd., BSE Ltd., Divi's Laboratories Ltd., Hitachi Energy India Ltd., Vodafone Idea Ltd.. Removed Bank of Baroda, Bharat Electronics Ltd., Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., Muthoot Finance Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 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: The Nifty100 Alpha 30 index consists of 30 companies from its parent Nifty 100 index, selected based on their ‘alpha’ scores.
- Rebalanced
- Quarterly
- 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 NIFTY100 Alpha 30; the PDF is authoritative.
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Frequently Asked Questions
What is the current NIFTY100 Alpha 30 PE ratio?
As of 1 October 2026, the NIFTY100 Alpha 30 PE ratio is 17.25. That is about 24% below its 5-year median of 22.74 and about 20% below its 1-year median of 21.52.
Is the NIFTY100 Alpha 30 undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 17.25 sits below every median window: 1-year (21.52), 3-year (24.35), 5-year (22.74) and 7-year (25.52).
What is a normal PE ratio for the NIFTY100 Alpha 30?
Over the past five years its median PE has been 22.74, and over the past three years 24.35. Today's 17.25 is toward the lower end of that historical range.
How many stocks are in the NIFTY100 Alpha 30?
The NIFTY100 Alpha 30 contains 30 stocks. By number of companies, its largest sectors are Metals & Mining (7 stocks), Capital Goods (5 stocks) and Financial Services (5 stocks).
What returns has the NIFTY100 Alpha 30 delivered?
As of September 2026, the NIFTY100 Alpha 30 total return (with dividends reinvested) is -4.42% over the past year and +7.87% 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 NIFTY100 Alpha 30?
Over the year to September 2026, the NIFTY100 Alpha 30 had an annualized volatility (standard deviation of daily returns) of 17.40%. Its beta versus the Nifty 50 is 1.13, meaning it has moved more than the broad market.
What is a typical one-year return for the NIFTY100 Alpha 30?
Across every one-year holding window since 2019, the NIFTY100 Alpha 30 total return has a median of +9.30%, with the best window at +81.30% and the worst at -22.66%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 3-year returns been from PE levels like today's?
The NIFTY100 Alpha 30 currently trades at a PE of 17.25, in band 1 of 5 of its own PE history. Across 179 overlapping 3-year windows since 2019 that began in this band, the median forward return was +17.94% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have NIFTY100 Alpha 30 earnings grown?
NIFTY100 Alpha 30 earnings, measured as the index level divided by its P/E, grew +13.17% a year over the last 5 years, while the index itself moved +6.58% a year and its P/E fell from 23.28 to 17.25. Past growth, not a forecast.
How often is the NIFTY100 Alpha 30 rebalanced?
The NIFTY100 Alpha 30 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.