Nifty100 Equal Weight PE Ratio
Valuation Percentile
Nifty100 Equal Weight's PB is cheaper than 100% of the last 5 years.
The Nifty100 Equal Weight PE ratio is 19.11 as of 1 October 2026, about 16% below its 5-year median of 22.69, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 23.50 | -18.68% |
| 10 Years | 25.45 | -24.91% |
| 7 Years | 23.34 | -18.12% |
| 5 Years | 22.69 | -15.78% |
| 3 Years | 22.87 | -16.44% |
| 1 Year | 22.11 | -13.55% |
Historical PE Ratio
Data gap. P/E is unavailable from 26 May 2020 to 25 Jun 2020 because the index’s aggregate earnings were negative, so no ratio could be published. The line bridges those dates, and medians and forward returns skip them.
Series start. P/E is published from 10 Jun 2013. Index values go back to 1 Jan 2003.
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 Equal Weight earnings grew +12.34% a year over the last 5 years, while the index moved +9.30% a year and its P/E went from 21.9 to 19.1.
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 Nifty100 Equal Weight
1 ETF and 3 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Kotak Nifty 100 Equal Weight ETF | NIFTY100EW | 34.7 | - | - | +0.33% |
Index funds (3)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Sundaram Nifty 100 Equal Weight Fund (Formerly Known as Principal Nifty 100 Equal Weight Fund) | Sundaram Asset Management Company Ltd | 74.81 Oct 2026 | 1999 |
| HDFC NIFTY 100 Equal Weight Index Fund | HDFC Asset Management Company Limited | 16.511 Oct 2026 | 2022 |
| Kotak Nifty 100 Equal Weight Index Fund | Kotak Mahindra Asset Management Company Limited. | 10.441 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 2013 returned a median of +10.44% (best +102.94%, worst -34.86%).
Today's PE of 19.11 sits in band 1 of 5 of this index's history (PE below 19.7). From this band, 5-year forward returns had a median of +10.12% a year and were positive in 97% of windows (511 windows since 2013).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty100 Equal Weight. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty100 Equal Weight
The Nifty100 Equal Weight contains 100 constituents. Its largest sectors by weight are Financial Services (23.0%) and Capital Goods (10.9%).
Recent changes
4 October 2026: Added BSE Ltd., Hitachi Energy India Ltd., Polycab India Ltd., Vedanta Aluminium Metal Ltd., Vodafone Idea Ltd.. Removed Indian Hotels Co. Ltd., Lodha Developers Ltd., REC Ltd., Shree Cement Ltd., United Spirits 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 Equal Weight Index comprises of the constituents forming part of Nifty 100 Index (free float market capitalization based Index). The Nifty 100 tracks the behavior of combined portfolio of two indices viz. Nifty 50 and Nifty Next 50. It is a diversified 100 stock index.
- 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 Equal Weight; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty100 Equal Weight PE ratio?
As of 1 October 2026, the Nifty100 Equal Weight PE ratio is 19.11. That is about 16% below its 5-year median of 22.69 and about 14% below its 1-year median of 22.11.
Is the Nifty100 Equal Weight undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 19.11 sits below every median window: 1-year (22.11), 3-year (22.87), 5-year (22.69), 7-year (23.34), 10-year (25.45) and full-history (23.50).
What is a normal PE ratio for the Nifty100 Equal Weight?
Over the past five years its median PE has been 22.69, and over the past three years 22.87. Today's 19.11 is toward the lower end of that historical range.
How many stocks are in the Nifty100 Equal Weight?
The Nifty100 Equal Weight contains 100 stocks. By number of companies, its largest sectors are Financial Services (23 stocks), Capital Goods (11 stocks) and Automobile and Auto Components (9 stocks).
What returns has the Nifty100 Equal Weight delivered?
As of September 2026, the Nifty100 Equal Weight total return (with dividends reinvested) is +1.08% over the past year and +10.70% 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 Equal Weight?
Over the year to September 2026, the Nifty100 Equal Weight had an annualized volatility (standard deviation of daily returns) of 15.08%. Its beta versus the Nifty 50 is 1.05, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty100 Equal Weight?
Across every one-year holding window since 2013, the Nifty100 Equal Weight total return has a median of +10.44%, with the best window at +102.94% and the worst at -34.86%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 5-year returns been from PE levels like today's?
The Nifty100 Equal Weight currently trades at a PE of 19.11, in band 1 of 5 of its own PE history. Across 511 overlapping 5-year windows since 2013 that began in this band, the median forward return was +10.12% a year, positive in 97% of windows. A past distribution, not a prediction.
How fast have Nifty100 Equal Weight earnings grown?
Nifty100 Equal Weight earnings, measured as the index level divided by its P/E, grew +12.34% a year over the last 5 years, while the index itself moved +9.30% a year and its P/E fell from 21.92 to 19.11. Past growth, not a forecast.
How often is the Nifty100 Equal Weight rebalanced?
The Nifty100 Equal Weight is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.