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Nifty MidSmall IT & Telecom P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty MidSmall IT & Telecom, which is currently undervalued — the 5th percentile of 795 daily closes since 2016. Close of 11 Sept 2026.

Every NSE index, cheapest first

How the Nifty MidSmall IT & Telecom’s valuation reads today

  • Against the market. The Nifty MidSmall IT & Telecom trades at 0.95× the Nifty 50’s P/E, against a median of 5.19× across 795 days they were both priced — a deeper discount 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 17.59 (Jul 2026) and as high as 1429.75 (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. 18.72 today, down from 67.89 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 MidSmall IT & Telecom level itself is what separates the two.
  • The metrics disagree. Earnings say cheap (P/E 18.72 against a median of 117.62) while dividends say expensive (yield 0.66% 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
18.72Undervalued

5th percentile of 795 days · median 117.62

Price to book
6.85Undervalued

0th percentile of 1,012 days · median 17.62

Dividend yield
0.66%Expensive

4th percentile of 1,012 days · median 1.00

Where the Nifty MidSmall IT & Telecom P/E ratio sits today

Valuation zones for the Nifty MidSmall IT & Telecom price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedyou are herebelow 19.36Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued19.36 – 117.62Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive117.62 – 432.95Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 432.95Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 795 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 2016

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 MidSmall IT & Telecom P/E ratio, month by month

above +1 SD 406.71median 117.62below −1 SD -34.54
Price to earnings by month, 2016 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
24.90
·
·
·
·
·
2023
·
289.16
276.35
431.41
456.56
440.10
252.48
239.98
283.07
125.53
134.87
145.87
2024
150.72
119.09
114.80
116.77
97.02
·
·
·
1427.61
1335.93
388.72
282.92
2025
634.69
171.33
158.25
131.47
66.16
69.40
70.23
64.88
66.49
66.34
64.29
64.42
2026
64.40
65.19
57.31
58.97
56.37
18.65
18.36
19.07
19.09
·
·
·
cheapestdearest· shaded by rank among all 42 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty MidSmall IT & Telecom P/B ratio, month by month

above +1 SD 34.56median 17.62below −1 SD 10.40
Price to book by month, 2016 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
3.71
·
·
·
·
·
2022
·
·
·
·
·
·
·
14.35
23.85
30.68
28.03
28.26
2023
27.64
28.57
15.14
28.91
31.37
34.39
31.48
33.34
34.74
13.51
14.33
15.50
2024
16.34
17.05
16.44
16.98
15.77
40.38
35.03
31.00
32.23
38.41
36.93
36.88
2025
47.51
43.64
40.31
35.31
18.63
18.79
16.10
10.76
9.25
9.53
9.90
10.02
2026
9.95
9.04
7.89
7.96
8.39
8.77
8.62
6.97
6.99
·
·
·
cheapestdearest

Nifty MidSmall IT & Telecom dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

above +1 SD 1.24median 1.00below −1 SD 0.82
Dividend yield by month, 2016 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2016
·
·
·
·
·
·
1.02
·
·
·
·
·
2022
·
·
·
·
·
·
·
1.63
1.42
1.27
1.29
1.27
2023
1.30
1.27
1.31
1.30
1.24
1.10
1.18
1.16
1.08
1.07
1.04
0.96
2024
0.91
0.89
0.93
0.93
0.98
0.87
0.80
0.82
0.79
0.84
0.84
0.78
2025
0.83
0.92
0.99
0.93
0.88
0.88
0.90
1.03
1.00
0.98
1.04
1.04
2026
1.06
1.17
1.35
1.23
1.00
0.95
0.65
0.65
0.65
·
·
·
cheapestdearest

Frequently asked questions

What is the Nifty MidSmall IT & Telecom P/E ratio today?

The Nifty MidSmall IT & Telecom closed at a price-to-earnings ratio of 18.72 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 MidSmall IT & Telecom overvalued right now?

Against its own history it is undervalued: a P/E of 18.72 is the 5th percentile of 795 daily closes, with a ten-year median of 117.62. 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 MidSmall IT & Telecom?

There is no single good number, but there is a measured middle: 19.36 to 432.95 is the middle 80% of 795 daily closes, and the median sits at 117.62. Below 19.36 is the cheapest tenth of this index's own history and above 432.95 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 MidSmall IT & Telecom P/B ratio?

The Nifty MidSmall IT & Telecom price-to-book ratio is 6.85 as of 11 September 2026, against a ten-year median of 17.62. 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 MidSmall IT & Telecom dividend yield?

The Nifty MidSmall IT & Telecom dividend yield is 0.66% 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 MetalNifty Microcap 250Nifty MidSmall Financial ServicesNifty MidSmall HealthcareNifty MidSmall India ConsumptionNifty MidSmallcap 400Nifty MidSmallcap400 Momentum Quality 100Nifty Midcap 100

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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