Skip to content
WealthTicker
NSE’s own daily publication

Nifty Midcap Liquid 15 P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Midcap Liquid 15, which is currently slightly expensive — the 76th percentile of 2,983 daily closes since 2014. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty Midcap Liquid 15’s valuation reads today

  • Against the market. The Nifty Midcap Liquid 15 trades at 1.88× the Nifty 50’s P/E, against a median of 0.92× across 2,983 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 8.49 (Feb 2016) and as high as 157.53 (May 2016). 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. 35.77 today, down from 38.38 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 Midcap Liquid 15 level itself is what separates the two.
Price to earnings
35.77Slightly expensive

76th percentile of 2,983 days · median 22.06

Price to book
4.02Slightly expensive

81st percentile of 3,067 days · median 2.57

Dividend yield
0.85%Slightly expensive

37th percentile of 3,067 days · median 1.06

Where the Nifty Midcap Liquid 15 P/E ratio sits today

Valuation zones for the Nifty Midcap Liquid 15 price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 11.98Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued11.98 – 22.06Nothing to act on. Keep SIPs running at their normal size.
Slightly expensiveyou are here22.06 – 39.74Above the historical middle. Stagger a lump sum rather than timing it.
Expensiveabove 39.74Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 2,983 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.

When the Nifty Midcap Liquid 15 P/E was here, what came next

For every month-end since 30 May 2014: the index’s annualised return over the following 1, 3 and 5 years, grouped by the valuation zone it started in. Median, with the worst and best start underneath.

Forward returns of the Nifty Midcap Liquid 15 by starting P/E zone
Started inNext 1YNext 3YNext 5Y
Undervalued
+7.6%
-14.1% to +55.5%
33% lost money
+11.7%
+9.9% to +20.9%
0% lost money
+7.1%
-1.8% to +21.2%
7% lost money
Fairly valued
+15.7%
-35.3% to +107.8%
23% lost money
+23.4%
+4.1% to +38.7%
0% lost money
+22.5%
+4.8% to +36.7%
0% lost money
Slightly expensiveyou are here
+17.8%
-11.4% to +53.4%
8% lost money
+23.4%
-9.6% to +29.0%
19% lost money
+14.8%
+11.0% to +23.5%
0% lost money
Expensivetoo fewtoo fewtoo few

Price return only (index levels carry no dividends, so each figure understates an investor’s return by about the dividend yield). Start months overlap: a 5-year window spans 60 of them, so the counts are not independent observations. A zone needs 12 starts before it is summarised. The past spread of outcomes is wide in every zone — this is a record, not a forecast.

All three, since 2014

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 Midcap Liquid 15 P/E ratio, month by month

90th pct 39.74median 22.0610th pct 11.98
Price to earnings by month, 2014 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2014
·
·
·
·
11.34
13.81
13.46
13.04
12.43
11.95
12.85
12.34
2015
12.86
12.36
11.62
9.67
9.09
10.08
10.98
10.32
9.38
10.30
10.80
11.00
2016
10.27
8.75
9.48
34.70
34.16
·
·
·
21.43
22.20
20.28
19.95
2017
20.38
20.46
20.38
32.21
29.90
26.00
26.06
26.56
29.76
29.91
37.91
39.08
2018
42.34
48.06
53.25
48.87
43.76
42.19
46.95
63.43
61.64
21.14
21.85
20.95
2019
20.48
19.70
20.94
14.69
14.01
14.48
13.87
14.48
13.83
17.87
18.76
19.46
2020
21.38
20.77
15.14
14.45
14.79
16.40
19.04
21.37
21.64
18.06
19.49
21.54
2021
23.74
24.26
23.47
22.89
22.13
20.05
20.05
20.26
21.96
23.90
23.73
21.98
2022
22.77
21.15
20.50
21.06
18.21
18.16
18.67
18.87
19.54
23.79
24.97
25.63
2023
24.58
23.37
23.43
22.45
22.59
24.59
26.84
26.44
28.13
18.01
17.71
19.11
2024
19.82
19.33
18.45
31.93
34.20
36.99
39.18
39.29
40.61
38.27
35.68
37.07
2025
34.98
28.45
28.09
35.76
38.89
39.55
39.72
36.98
37.11
36.44
37.39
36.87
2026
36.42
37.31
34.43
45.91
40.02
39.21
39.42
39.13
38.34
40.83
·
·
cheapestdearest· shaded by rank among all 147 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Midcap Liquid 15 P/B ratio, month by month

90th pct 4.63median 2.5710th pct 1.53
Price to book by month, 2014 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2014
·
·
·
·
1.68
1.75
1.67
1.63
1.66
1.54
1.65
1.63
2015
1.69
1.69
1.66
1.40
1.34
1.30
1.38
1.38
1.27
1.37
1.36
1.37
2016
1.27
1.10
1.16
1.50
1.51
1.61
1.71
1.75
1.79
1.80
1.63
1.61
2017
1.68
1.81
1.88
2.50
2.59
2.56
2.51
2.42
2.46
2.32
2.43
2.51
2018
2.56
2.53
2.47
2.66
2.71
2.62
2.46
2.53
2.36
1.98
2.09
2.09
2019
2.07
1.98
2.13
2.06
1.98
2.06
1.89
1.72
1.72
2.21
2.36
2.37
2020
2.41
2.33
1.72
1.63
1.66
1.83
1.89
2.06
2.07
1.98
2.18
2.46
2021
2.70
2.88
2.84
2.57
2.72
2.84
2.78
2.70
2.84
3.21
3.27
3.10
2022
3.23
3.13
3.06
3.21
2.94
2.89
2.98
3.03
2.98
3.11
3.17
3.19
2023
3.09
3.09
3.06
2.98
3.09
3.23
3.41
3.48
3.55
2.70
2.83
3.07
2024
3.19
3.27
3.16
3.92
4.04
4.39
4.67
4.74
4.80
4.51
4.37
4.58
2025
4.35
4.12
4.04
5.76
6.41
6.69
6.33
5.47
5.32
4.26
4.47
4.54
2026
4.50
4.45
4.11
5.19
5.46
5.39
5.29
5.07
4.83
4.21
·
·
cheapestdearest

Nifty Midcap Liquid 15 dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

90th pct 1.81median 1.0610th pct 0.55
Dividend yield by month, 2014 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
2014
·
·
·
·
1.52
1.33
1.34
1.34
1.31
1.48
1.45
1.46
2015
1.41
1.41
1.43
1.72
1.82
1.90
1.77
1.78
1.96
2.08
2.12
2.11
2016
2.26
2.62
2.46
1.67
1.65
1.52
1.31
1.00
0.97
1.45
1.68
1.70
2017
1.63
1.51
1.47
0.93
0.89
0.83
0.83
0.78
0.74
0.46
0.35
0.33
2018
0.31
0.31
0.58
0.61
0.65
0.67
0.58
0.62
0.75
1.38
1.32
1.33
2019
1.35
1.42
1.33
1.70
1.77
1.70
1.83
2.00
1.61
1.59
1.49
1.48
2020
1.39
1.43
1.94
2.04
2.00
1.82
1.74
1.66
1.71
1.71
1.56
1.39
2021
1.27
1.19
1.20
1.05
0.98
0.96
1.03
1.17
1.20
1.10
1.04
1.06
2022
1.02
1.14
1.30
1.21
1.31
1.35
1.60
1.62
1.38
0.75
0.67
0.67
2023
0.78
0.85
0.79
0.75
0.72
0.70
0.83
0.85
0.81
0.98
0.98
0.96
2024
0.92
0.91
0.98
0.85
0.83
0.78
0.72
0.61
0.62
0.52
0.54
0.70
2025
0.74
0.79
0.79
0.48
0.47
0.54
0.55
0.61
0.60
0.61
0.60
0.60
2026
0.62
0.66
0.70
0.54
0.47
0.48
0.51
0.51
0.54
0.81
·
·
cheapestdearest

Frequently asked questions

What is the Nifty Midcap Liquid 15 P/E ratio today?

The Nifty Midcap Liquid 15 closed at a price-to-earnings ratio of 35.77 on 27 October 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 Midcap Liquid 15 overvalued right now?

Against its own history it is slightly expensive: a P/E of 35.77 is the 76th percentile of 2,983 daily closes, against a median of 22.06 over that span. 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 Midcap Liquid 15?

There is no single good number, but there is a measured middle: 11.98 to 39.74 is the middle 80% of 2,983 daily closes, and the median sits at 22.06. Below 11.98 is the cheapest tenth of this index's own history and above 39.74 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 Midcap Liquid 15 P/B ratio?

The Nifty Midcap Liquid 15 price-to-book ratio is 4.02 as of 27 October 2026, against a historical median of 2.57. 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 Midcap Liquid 15 dividend yield?

The Nifty Midcap Liquid 15 dividend yield is 0.85% as of 27 October 2026, against a historical median of 1.06%. 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 — 144 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 MidSmallcap400 Momentum Quality 100Nifty Midcap 100Nifty Midcap 150Nifty Midcap 50Nifty Midcap SelectNifty Midcap150 Momentum 50Nifty MobilityNifty Next 50

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.

Index fundsScreen funds