Nifty 50 P/E ratio today
Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty 50, which is currently fairly valued — the 17th percentile of 3,579 daily closes since 2012. Close of 11 Sept 2026.
Every NSE index, cheapest firstHow the Nifty 50’s valuation reads today
- The range it has actually traded in. Its P/E has been as low as 15.23 (Aug 2013) and as high as 42.00 (Feb 2021). Both ends are real closes, not a model — and the high end of an index P/E is usually an earnings collapse rather than a price melt-up, which is why the bands below are percentiles and not a mean.
- Versus a year ago. 19.78 today, down from 21.97 a year ago. The ratio moves on price and on earnings, so a falling P/E can mean the index got cheaper or that its constituents earned more — the Nifty 50 level itself is what separates the two.
- The metrics disagree. Earnings say cheap (P/E 19.78 against a median of 22.39) while dividends say expensive (yield 1.21% against 1.29%). That split is usually a payout-ratio story rather than a valuation one: earnings and dividends do not have to move together, and a company can grow profits for years without raising its dividend.
17th percentile of 3,579 days · median 22.39
3rd percentile of 3,579 days · median 3.49
21st percentile of 3,579 days · median 1.29
Where the Nifty 50 P/E ratio sits today
| Zone | P/E range | What it has meant |
|---|---|---|
| Undervalued | below 18.36 | Historically cheap — the zone that has rewarded adding, not waiting. |
| Fairly valuedyou are here | 18.36 – 22.39 | Nothing to act on. Keep SIPs running at their normal size. |
| Slightly expensive | 22.39 – 28.23 | Above the ten-year middle. Stagger a lump sum rather than timing it. |
| Expensive | above 28.23 | Historically dear — rebalancing to your target allocation is the honest response. |
Bands are the 10th and 90th percentiles of 3,579 daily closes, with the median as the middle line — so the cheapest and dearest tenth of this index’s own history bound the outer zones, and one freak print cannot move them. They describe where this index has traded, not where it should — a market can stay expensive for years, and this is not a signal to act on.
All three, since 2012
Each cell is the median of that month’s daily closes — one day’s print can be an earnings-revision artefact, and on a grid this size that day would colour the whole month. Hover a cell for the trading-day count behind it, or the line above it for any day’s close. All three are always shown; the buttons at the top only change which metric the valuation zones describe.
Nifty 50 P/E ratio, month by month
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | · | 19.09 | 18.71 | 18.50 | 16.88 | 16.96 | 17.14 | 17.74 | 18.66 | 19.00 | 18.03 | 18.66 |
| 2013 | 18.89 | 18.29 | 17.94 | 17.43 | 18.19 | 17.59 | 17.87 | 16.08 | 17.04 | 17.81 | 17.78 | 18.58 |
| 2014 | 18.37 | 17.34 | 18.35 | 18.99 | 19.79 | 20.55 | 20.65 | 20.45 | 21.19 | 20.59 | 21.49 | 21.16 |
| 2015 | 21.70 | 23.22 | 23.15 | 22.95 | 22.47 | 22.59 | 23.52 | 23.38 | 21.70 | 22.48 | 21.24 | 21.06 |
| 2016 | 20.27 | 19.32 | 20.30 | 21.30 | 21.27 | 22.52 | 23.38 | 23.63 | 24.06 | 23.32 | 21.61 | 21.43 |
| 2017 | 22.42 | 23.27 | 23.54 | 23.37 | 24.23 | 24.34 | 25.17 | 25.45 | 25.97 | 26.38 | 26.38 | 26.45 |
| 2018 | 27.21 | 25.48 | 24.87 | 26.13 | 26.60 | 26.83 | 27.32 | 28.23 | 27.54 | 24.95 | 25.51 | 26.10 |
| 2019 | 26.14 | 26.53 | 27.83 | 29.12 | 29.10 | 29.24 | 28.33 | 27.14 | 26.67 | 26.48 | 27.59 | 28.17 |
| 2020 | 28.03 | 27.05 | 20.41 | 20.51 | 21.18 | 24.36 | 28.36 | 31.64 | 32.63 | 34.27 | 34.57 | 37.24 |
| 2021 | 38.98 | 41.23 | 40.43 | 32.72 | 29.91 | 29.10 | 28.27 | 26.25 | 26.84 | 27.34 | 25.24 | 23.73 |
| 2022 | 24.74 | 22.31 | 21.82 | 22.67 | 20.12 | 19.54 | 20.04 | 21.00 | 21.05 | 20.93 | 21.89 | 22.13 |
| 2023 | 21.53 | 20.94 | 20.16 | 20.66 | 21.59 | 21.77 | 23.55 | 22.47 | 22.31 | 22.02 | 21.05 | 22.62 |
| 2024 | 22.97 | 22.66 | 22.85 | 22.80 | 21.55 | 22.32 | 23.20 | 22.95 | 23.61 | 23.34 | 22.23 | 22.40 |
| 2025 | 21.36 | 20.44 | 20.05 | 21.30 | 22.19 | 22.44 | 22.59 | 21.71 | 21.90 | 22.64 | 22.52 | 22.64 |
| 2026 | 22.37 | 22.37 | 20.63 | 20.99 | 20.59 | 20.55 | 20.73 | 20.56 | 20.10 | · | · | · |
Nifty 50 P/B ratio, month by month
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | · | 3.06 | 3.00 | 3.00 | 2.90 | 2.93 | 2.99 | 2.95 | 3.03 | 3.14 | 3.02 | 3.13 |
| 2013 | 3.20 | 3.13 | 3.08 | 3.00 | 3.21 | 3.06 | 3.04 | 2.72 | 2.82 | 2.91 | 2.90 | 2.97 |
| 2014 | 2.95 | 2.87 | 3.08 | 3.26 | 3.42 | 3.50 | 3.50 | 3.43 | 3.52 | 3.37 | 3.54 | 3.49 |
| 2015 | 3.58 | 3.70 | 3.68 | 3.69 | 3.58 | 3.49 | 3.50 | 3.43 | 3.15 | 3.29 | 3.16 | 3.13 |
| 2016 | 3.01 | 2.89 | 3.01 | 3.27 | 3.27 | 3.38 | 3.44 | 3.35 | 3.33 | 3.29 | 3.09 | 3.08 |
| 2017 | 3.18 | 3.33 | 3.44 | 3.51 | 3.60 | 3.60 | 3.57 | 3.48 | 3.50 | 3.45 | 3.48 | 3.48 |
| 2018 | 3.62 | 3.55 | 3.44 | 3.62 | 3.67 | 3.70 | 3.66 | 3.74 | 3.65 | 3.28 | 3.35 | 3.41 |
| 2019 | 3.37 | 3.40 | 3.58 | 3.72 | 3.74 | 3.78 | 3.62 | 3.42 | 3.34 | 3.54 | 3.69 | 3.73 |
| 2020 | 3.68 | 3.39 | 2.52 | 2.60 | 2.62 | 2.88 | 3.08 | 3.18 | 3.19 | 3.35 | 3.61 | 3.83 |
| 2021 | 4.06 | 4.26 | 4.21 | 4.19 | 4.28 | 4.40 | 4.24 | 4.24 | 4.41 | 4.53 | 4.48 | 4.31 |
| 2022 | 4.49 | 4.36 | 4.28 | 4.44 | 4.15 | 4.04 | 4.00 | 4.17 | 4.09 | 4.07 | 4.30 | 4.32 |
| 2023 | 4.22 | 4.17 | 4.01 | 4.14 | 4.28 | 4.37 | 4.80 | 4.67 | 4.43 | 3.43 | 3.46 | 3.71 |
| 2024 | 3.79 | 3.84 | 3.88 | 3.94 | 3.94 | 4.08 | 4.19 | 4.16 | 4.07 | 3.71 | 3.60 | 3.63 |
| 2025 | 3.47 | 3.42 | 3.36 | 3.47 | 3.65 | 3.63 | 3.57 | 3.34 | 3.33 | 3.50 | 3.54 | 3.54 |
| 2026 | 3.49 | 3.49 | 3.20 | 3.29 | 3.25 | 3.14 | 3.10 | 2.95 | 2.88 | · | · | · |
Nifty 50 dividend yield, month by monthgreen is a HIGH yield, which is the cheap end
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | · | 1.46 | 1.50 | 1.52 | 1.62 | 1.56 | 1.53 | 1.53 | 1.49 | 1.42 | 1.44 | 1.40 |
| 2013 | 1.37 | 1.40 | 1.42 | 1.46 | 1.37 | 1.43 | 1.40 | 1.54 | 1.50 | 1.51 | 1.52 | 1.49 |
| 2014 | 1.50 | 1.54 | 1.44 | 1.36 | 1.34 | 1.29 | 1.28 | 1.30 | 1.25 | 1.33 | 1.26 | 1.27 |
| 2015 | 1.24 | 1.24 | 1.27 | 1.27 | 1.42 | 1.45 | 1.43 | 1.43 | 1.51 | 1.39 | 1.45 | 1.47 |
| 2016 | 1.54 | 1.61 | 1.54 | 1.42 | 1.37 | 1.28 | 1.23 | 1.25 | 1.25 | 1.27 | 1.36 | 1.36 |
| 2017 | 1.32 | 1.26 | 1.23 | 1.25 | 1.22 | 1.18 | 1.08 | 0.96 | 0.94 | 1.12 | 1.08 | 1.10 |
| 2018 | 1.06 | 1.08 | 1.28 | 1.22 | 1.20 | 1.23 | 1.19 | 1.17 | 1.19 | 1.30 | 1.25 | 1.23 |
| 2019 | 1.25 | 1.25 | 1.19 | 1.13 | 1.16 | 1.23 | 1.29 | 1.35 | 1.39 | 1.30 | 1.25 | 1.24 |
| 2020 | 1.25 | 1.27 | 1.70 | 1.67 | 1.65 | 1.52 | 1.49 | 1.46 | 1.45 | 1.34 | 1.25 | 1.17 |
| 2021 | 1.11 | 1.06 | 1.07 | 0.98 | 0.99 | 1.20 | 1.11 | 1.11 | 1.11 | 1.13 | 1.13 | 1.20 |
| 2022 | 1.16 | 1.24 | 1.22 | 1.14 | 1.32 | 1.43 | 1.38 | 1.35 | 1.35 | 1.31 | 1.29 | 1.27 |
| 2023 | 1.35 | 1.40 | 1.46 | 1.41 | 1.38 | 1.43 | 1.29 | 1.37 | 1.36 | 1.38 | 1.38 | 1.30 |
| 2024 | 1.26 | 1.22 | 1.21 | 1.19 | 1.27 | 1.24 | 1.22 | 1.22 | 1.20 | 1.20 | 1.28 | 1.25 |
| 2025 | 1.30 | 1.42 | 1.42 | 1.32 | 1.15 | 1.17 | 1.29 | 1.36 | 1.35 | 1.32 | 1.29 | 1.29 |
| 2026 | 1.30 | 1.23 | 1.32 | 1.30 | 1.32 | 1.23 | 1.23 | 1.18 | 1.19 | · | · | · |
Frequently asked questions
What is the Nifty 50 P/E ratio today?
The Nifty 50 closed at a price-to-earnings ratio of 19.78 on 11 September 2026. NSE publishes it once a day after the close, on a consolidated trailing-twelve-month basis, so it moves on the index and on quarterly earnings revisions — there is no intraday figure.
Is the Nifty 50 overvalued right now?
Against its own history it is fairly valued: a P/E of 19.78 is the 17th percentile of 3,579 daily closes, with a ten-year median of 22.39. That describes where this index has traded, not where it should — a market can stay expensive for years, and this is not a signal to act on.
What is a good P/E ratio for the Nifty 50?
There is no single good number, but there is a measured middle: 18.36 to 28.23 is the middle 80% of 3,579 daily closes, and the median sits at 22.39. Below 18.36 is the cheapest tenth of this index's own history and above 28.23 the dearest tenth. Compare it to the index's own past rather than to another market's — earnings mix and growth differ, so an Indian P/E and a US one are not the same quantity.
What is the Nifty 50 P/B ratio?
The Nifty 50 price-to-book ratio is 2.83 as of 11 September 2026, against a ten-year median of 3.49. P/B compares the index to the book value of its constituents' assets, which makes it the steadier of the two — book value does not swing on one quarter's earnings the way a P/E denominator can.
What is the Nifty 50 dividend yield?
The Nifty 50 dividend yield is 1.21% as of 11 September 2026, against a ten-year median of 1.29%. It reads backwards from the other two: a HIGH yield is the cheap end, because the same dividends are being bought for a lower price.
How often does this page update, and where do the numbers come from?
From NSE's own daily index file, which carries P/E, P/B and dividend yield for every index it prices — 142 of them have a meaningful P/E today. It is published once after each close and picked up by the hourly refresh, so the figures here are the last published close, never a live quote.
Nearby indices
How to read these numbers
Consolidated trailing-twelve-month, free-float weighted, one value a day — and why the absolute number tells you almost nothing on its own.
Valuation predicts ten-year returns and not next year’s. What that gap means, and when a reading should change anything.