indexPe

NIFTY50 Equal Weight PE Ratio

Slightly OvervaluedStrategyNSELast updated: 20 Aug 2026
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Current PE Ratio
24.19
5Y Median PE
21.70
vs 5Y Median
+11.47%

Valuation Percentile

NIFTY50 Equal Weight's PB is cheaper than 94% of the last 5 years.

As of 20 Aug 2026 · 5Y daily data (1,240 obs)

The NIFTY50 Equal Weight PE ratio is 24.19 as of 20 August 2026, about 11% above its 5-year median of 21.70, which places it in slightly overvalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history22.21+8.91%
7 Years22.39+8.04%
5 Years21.70+11.47%
3 Years23.48+3.02%
1 Year24.49-1.22%

Historical PE Ratio

Performance and risk

1Y total return
+8.90%
5Y total return (p.a.)
+14.72%
Volatility (1Y std dev)
13.52%
Beta vs Nifty 50 (1Y)
0.98

1-year holding windows since 1995 returned a median of +11.63% (best +136.39%, worst -52.49%).

Today's PE of 24.17 sits in band 4 of 5 of this index's history (PE 23.0 to 24.6). From this band, 5-year forward returns had a median of +14.55% a year and were positive in 100% of windows (103 windows since 2018).

View full performance and risk

Returns as of July 2026, from the NSE factsheet for the NIFTY50 Equal Weight. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the NIFTY50 Equal Weight

The NIFTY50 Equal Weight contains 50 constituents. Its largest sectors by weight are Financial Services (21.9%) and Information Technology (10.9%).

Financial Services: 21.9%Information Technology: 10.9%Automobile and Auto Components: 10.5%Healthcare: 9.8%Fast Moving Consumer Goods: 7.8%Metals & Mining: 7.8%+9 more sectors
SymbolCompanyIndustryWeight(%)
HCLTECHHCL Technologies Ltd.Information Technology2.36
BAJAJ-AUTOBajaj Auto Ltd.Automobile and Auto Components2.31
ETERNALEternal Ltd.Consumer Services2.30
BAJFINANCEBajaj Finance Ltd.Financial Services2.25
BAJAJFINSVBajaj Finserv Ltd.Financial Services2.22
TECHMTech Mahindra Ltd.Information Technology2.20
TITANTitan Company Ltd.Consumer Durables2.20
TCSTata Consultancy Services Ltd.Information Technology2.19
M&MMahindra & Mahindra Ltd.Automobile and Auto Components2.16
NESTLEINDNestle India Ltd.Fast Moving Consumer Goods2.13
ADANIENTAdani Enterprises Ltd.Metals & Mining
ADANIPORTSAdani Ports and Special Economic Zone Ltd.Services
APOLLOHOSPApollo Hospitals Enterprise Ltd.Healthcare
ASIANPAINTAsian Paints Ltd.Consumer Durables
AXISBANKAxis Bank Ltd.Financial Services
BELBharat Electronics Ltd.Capital Goods
BHARTIARTLBharti Airtel Ltd.Telecommunication
CIPLACipla Ltd.Healthcare
COALINDIACoal India Ltd.Oil Gas & Consumable Fuels
DRREDDYDr. Reddy's Laboratories Ltd.Healthcare
EICHERMOTEicher Motors Ltd.Automobile and Auto Components
GRASIMGrasim Industries Ltd.Construction Materials
HDFCBANKHDFC Bank Ltd.Financial Services
HDFCLIFEHDFC Life Insurance Company Ltd.Financial Services
HINDALCOHindalco Industries Ltd.Metals & Mining
HINDUNILVRHindustan Unilever Ltd.Fast Moving Consumer Goods
ICICIBANKICICI Bank Ltd.Financial Services
ITCITC Ltd.Fast Moving Consumer Goods
INFYInfosys Ltd.Information Technology
INDIGOInterGlobe Aviation Ltd.Services
JSWSTEELJSW Steel Ltd.Metals & Mining
JIOFINJio Financial Services Ltd.Financial Services
KOTAKBANKKotak Mahindra Bank Ltd.Financial Services
LTLarsen & Toubro Ltd.Construction
MARUTIMaruti Suzuki India Ltd.Automobile and Auto Components
MAXHEALTHMax Healthcare Institute Ltd.Healthcare
NTPCNTPC Ltd.Power
ONGCOil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels
POWERGRIDPower Grid Corporation of India Ltd.Power
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels
SBILIFESBI Life Insurance Company Ltd.Financial Services
SHRIRAMFINShriram Finance Ltd.Financial Services
SBINState Bank of IndiaFinancial Services
SUNPHARMASun Pharmaceutical Industries Ltd.Healthcare
TATACONSUMTata Consumer Products Ltd.Fast Moving Consumer Goods
TMPVTata Motors Passenger Vehicles Ltd.Automobile and Auto Components
TATASTEELTata Steel Ltd.Metals & Mining
TRENTTrent Ltd.Consumer Services
ULTRACEMCOUltraTech Cement Ltd.Construction Materials
WIPROWipro Ltd.Information Technology

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 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 Limited (formerly known as India Index Services & Products Limited-IISL), a NSE group company provides a variety of indices and index related services and products for the Indian capital markets.
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 NIFTY50 Equal Weight; the PDF is authoritative.

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Frequently Asked Questions

What is the current NIFTY50 Equal Weight PE ratio?

As of 20 August 2026, the NIFTY50 Equal Weight PE ratio is 24.19. That is about 11% above its 5-year median of 21.70 and about 1% below its 1-year median of 24.49.

Is the NIFTY50 Equal Weight undervalued right now?

On a historical basis it screens as slightly overvalued. Its current PE of 24.19 compares with its historical medians: 1-year (24.49), 3-year (23.48), 5-year (21.70), 7-year (22.39) and full-history (22.21).

What is a normal PE ratio for the NIFTY50 Equal Weight?

Over the past five years its median PE has been 21.70, and over the past three years 23.48. Today's 24.19 is toward the upper end of that historical range.

How many stocks are in the NIFTY50 Equal Weight?

The NIFTY50 Equal Weight contains 50 stocks. By number of companies, its largest sectors are Financial Services (11 stocks), Automobile and Auto Components (5 stocks) and Healthcare (5 stocks).

What returns has the NIFTY50 Equal Weight delivered?

As of July 2026, the NIFTY50 Equal Weight total return (with dividends reinvested) is +8.90% over the past year and +14.72% 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 NIFTY50 Equal Weight?

Over the year to July 2026, the NIFTY50 Equal Weight had an annualized volatility (standard deviation of daily returns) of 13.52%. Its beta versus the Nifty 50 is 0.98, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the NIFTY50 Equal Weight?

Across every one-year holding window since 1995, the NIFTY50 Equal Weight total return has a median of +11.63%, with the best window at +136.39% and the worst at -52.49%. 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 NIFTY50 Equal Weight currently trades at a PE of 24.17, in band 4 of 5 of its own PE history. Across 103 overlapping 5-year windows since 2018 that began in this band, the median forward return was +14.55% a year, positive in 100% of windows. A past distribution, not a prediction.

How often is the NIFTY50 Equal Weight rebalanced?

The NIFTY50 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: 20 August 2026.