Nifty200 Alpha 30 PE Ratio
Valuation Percentile
Nifty200 Alpha 30's PB is cheaper than 91% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty200 Alpha 30 PE ratio is 17.72 as of 1 October 2026, about 33% below its 3-year median of 26.40, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 26.40 | -32.88% |
| 1 Year | 23.99 | -26.15% |
Historical PE Ratio
Series start. P/E is published from 21 Jul 2022. 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.
Nifty200 Alpha 30 earnings grew +12.50% a year over the last 3 years, while the index moved +12.69% a year and its P/E went from 17.6 to 17.7.
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 Nifty200 Alpha 30
1 ETF and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Mirae Asset Nifty 200 Alpha 30 ETF | ALPHAETF | 25.02 | - | - | +2.25% |
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Tata Nifty200 Alpha 30 Index Fund | Tata Asset Management Private Limited | 8.521 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 2022 returned a median of +12.87% (best +88.99%, worst -16.99%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty200 Alpha 30. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty200 Alpha 30
The Nifty200 Alpha 30 contains 30 constituents. Its largest sectors by weight are Financial Services (35.2%) and Capital Goods (17.3%).
Recent changes
4 October 2026: Added Aurobindo Pharma Ltd., Bank of Maharashtra, Samvardhana Motherson International Ltd., Union Bank of India. Removed Eicher Motors Ltd., Fortis Healthcare Ltd., Glenmark Pharmaceuticals 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: Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. Stock weights are based on their alpha scores. The alpha score for each company is determined based on Jensen’s alpha computed using 1-year trailing prices.
- 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 Nifty200 Alpha 30; 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 Nifty200 Alpha 30 PE ratio?
As of 1 October 2026, the Nifty200 Alpha 30 PE ratio is 17.72. That is about 33% below its 3-year median of 26.40 and about 26% below its 1-year median of 23.99.
Is the Nifty200 Alpha 30 undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 17.72 sits below every median window: 1-year (23.99) and 3-year (26.40).
What is a normal PE ratio for the Nifty200 Alpha 30?
Over the past three years its median PE has been 26.40, and over the past one year 23.99. Today's 17.72 is toward the lower end of that historical range.
How many stocks are in the Nifty200 Alpha 30?
The Nifty200 Alpha 30 contains 30 stocks. By number of companies, its largest sectors are Financial Services (11 stocks), Capital Goods (6 stocks) and Metals & Mining (4 stocks).
What returns has the Nifty200 Alpha 30 delivered?
As of September 2026, the Nifty200 Alpha 30 total return (with dividends reinvested) is +6.01% over the past year and +13.62% 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 Nifty200 Alpha 30?
Over the year to September 2026, the Nifty200 Alpha 30 had an annualized volatility (standard deviation of daily returns) of 19.14%. Its beta versus the Nifty 50 is 1.18, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty200 Alpha 30?
Across every one-year holding window since 2022, the Nifty200 Alpha 30 total return has a median of +12.87%, with the best window at +88.99% and the worst at -16.99%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty200 Alpha 30 earnings grown?
Nifty200 Alpha 30 earnings, measured as the index level divided by its P/E, grew +12.50% a year over the last 3 years, while the index itself moved +12.69% a year and its P/E rose from 17.63 to 17.72. Past growth, not a forecast.
How often is the Nifty200 Alpha 30 rebalanced?
The Nifty200 Alpha 30 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.