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Nifty Capital Markets P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Capital Markets, which is currently fairly valued — the 41st percentile of 495 daily closes since 2023. Close of 11 Sept 2026.

Every NSE index, cheapest first

How the Nifty Capital Markets’s valuation reads today

  • Against the market. The Nifty Capital Markets trades at 2.23× the Nifty 50’s P/E, against a median of 2.03× across 495 days they were both priced — a wider premium than usual. A sector can look dear on its own numbers while being cheap against the market, and that gap is usually the more useful of the two.
  • The range it has actually traded in. Its P/E has been as low as 25.49 (Apr 2023) and as high as 51.98 (Oct 2024). 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. 44.18 today, up from 41.55 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 Capital Markets level itself is what separates the two.
  • The metrics disagree. Earnings say cheap (P/E 44.18 against a median of 44.95) while dividends say expensive (yield 0.68% against 1.00%). 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.
Price to earnings
44.18Fairly valued

41st percentile of 495 days · median 44.95

Price to book
11.14Undervalued

8th percentile of 494 days · median 12.67

Dividend yield
0.68%Expensive

7th percentile of 495 days · median 1.00

Where the Nifty Capital Markets P/E ratio sits today

Valuation zones for the Nifty Capital Markets price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 37.75Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here37.75 – 44.95Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive44.95 – 48.24Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 48.24Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 495 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 2023

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 Capital Markets P/E ratio, month by month

above +1 SD 48.09median 44.95below −1 SD 40.11
Price to earnings by month, 2023 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2023
·
·
·
25.49
·
·
·
·
·
·
·
·
2024
·
·
·
·
·
·
·
·
46.78
46.70
43.32
47.38
2025
42.45
35.88
32.85
37.51
44.19
47.78
46.92
43.15
41.78
45.17
46.72
45.58
2026
45.33
43.99
41.84
46.39
48.82
47.67
46.85
44.06
44.18
·
·
·
cheapestdearest· shaded by rank among all 26 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Capital Markets P/B ratio, month by month

above +1 SD 13.97median 12.67below −1 SD 11.52
Price to book by month, 2024 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2024
·
·
·
·
·
·
·
·
13.30
13.79
13.88
14.87
2025
13.43
12.09
11.07
12.69
13.85
14.68
13.85
12.67
11.20
11.58
11.96
11.77
2026
11.59
11.71
11.18
13.16
13.99
13.33
12.99
12.00
11.14
·
·
·
cheapestdearest

Nifty Capital Markets dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

above +1 SD 1.12median 1.00below −1 SD 0.82
Dividend yield by month, 2023 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2023
·
·
·
2.14
·
·
·
·
·
·
·
·
2024
·
·
·
·
·
·
·
·
0.97
0.92
0.94
0.85
2025
0.95
1.06
1.16
1.05
1.04
1.01
1.00
1.09
1.12
1.03
1.01
1.03
2026
1.06
1.06
1.11
0.96
0.89
0.65
0.75
0.66
0.68
·
·
·
cheapestdearest

Frequently asked questions

What is the Nifty Capital Markets P/E ratio today?

The Nifty Capital Markets closed at a price-to-earnings ratio of 44.18 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 Capital Markets overvalued right now?

Against its own history it is fairly valued: a P/E of 44.18 is the 41st percentile of 495 daily closes, with a ten-year median of 44.95. 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 Capital Markets?

There is no single good number, but there is a measured middle: 37.75 to 48.24 is the middle 80% of 495 daily closes, and the median sits at 44.95. Below 37.75 is the cheapest tenth of this index's own history and above 48.24 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 Capital Markets P/B ratio?

The Nifty Capital Markets price-to-book ratio is 11.14 as of 11 September 2026, against a ten-year median of 12.67. 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 Capital Markets dividend yield?

The Nifty Capital Markets dividend yield is 0.68% as of 11 September 2026, against a ten-year median of 1.00%. 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

Nifty Alpha 50Nifty AutoNifty BankNifty CPSENifty ChemicalsNifty CommoditiesNifty Conglomerate 50Nifty Consumer Durables

How to read these numbers

How to read an index P/E ratio

Consolidated trailing-twelve-month, free-float weighted, one value a day — and why the absolute number tells you almost nothing on its own.

Is the market expensive?

Valuation predicts ten-year returns and not next year’s. What that gap means, and when a reading should change anything.

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