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Nifty MNC P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty MNC, which is currently slightly expensive — the 55th percentile of 6,540 daily closes since 1999. Close of 27 Oct 2026.

Every NSE index, cheapest first

How the Nifty MNC’s valuation reads today

  • Against the market. The Nifty MNC trades at 1.70× the Nifty 50’s P/E, against a median of 1.61× across 6,540 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 5.30 (Aug 2019) and as high as 58551.62 (May 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. 32.50 today, down from 36.46 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 MNC level itself is what separates the two.
  • The metrics disagree. Earnings say expensive (P/E 32.50 against a median of 30.70) while dividends say cheap (yield 1.74% against 1.55%). 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
32.50Slightly expensive

55th percentile of 6,540 days · median 30.70

Price to book
6.55Fairly valued

46th percentile of 6,894 days · median 6.76

Dividend yield
1.74%Fairly valued

63rd percentile of 6,894 days · median 1.55

Where the Nifty MNC P/E ratio sits today

Valuation zones for the Nifty MNC price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 21.72Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued21.72 – 30.70Nothing to act on. Keep SIPs running at their normal size.
Slightly expensiveyou are here30.70 – 52.75Above the historical middle. Stagger a lump sum rather than timing it.
Expensiveabove 52.75Historically dear — rebalancing to your target allocation is the honest response.

Bands are the 10th and 90th percentiles of 6,540 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 MNC P/E was here, what came next

For every month-end since 29 Feb 2012: 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 MNC by starting P/E zone
Started inNext 1YNext 3YNext 5Y
Undervaluedtoo fewtoo fewtoo few
Fairly valued
+3.3%
-20.0% to +53.1%
31% lost money
+11.3%
+0.8% to +22.6%
0% lost money
+12.5%
+5.6% to +22.8%
0% lost money
Slightly expensiveyou are here
+12.7%
-18.0% to +70.4%
18% lost money
+15.7%
+0.3% to +25.5%
0% lost money
+12.7%
+4.8% to +22.0%
0% lost money
Expensive
+7.3%
-9.1% to +25.5%
14% lost money
+14.9%
+10.7% to +20.5%
0% lost money
too 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 1999

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 MNC P/E ratio, month by month

90th pct 52.75median 30.7010th pct 21.72
Price to earnings by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
48.00
54.68
61.45
58.92
62.52
65.32
69.09
59.93
59.98
58.13
54.28
52.64
2000
54.50
50.45
42.83
41.19
38.30
43.19
45.05
41.47
42.21
34.68
35.59
37.75
2001
30.98
31.88
30.37
29.12
29.30
28.73
29.96
30.20
27.86
27.90
28.76
29.19
2002
28.70
26.08
26.00
24.89
25.75
25.94
25.51
24.40
24.57
23.12
22.00
21.60
2003
21.56
20.71
19.90
18.33
18.96
19.55
19.35
20.55
22.12
22.92
23.61
27.06
2004
28.54
26.17
24.71
25.54
23.38
20.02
20.57
17.66
18.45
18.78
19.95
21.99
2005
21.55
23.13
22.85
22.16
23.02
22.09
25.83
25.59
25.88
24.66
25.51
28.41
2006
29.16
32.64
36.48
32.71
28.93
23.13
23.93
23.59
24.80
25.23
24.89
24.70
2007
25.00
23.28
21.01
22.63
22.62
23.19
24.17
22.29
23.27
28.73
28.66
29.02
2008
27.33
22.64
22.07
22.18
21.74
20.09
17.92
17.98
20.94
17.42
15.07
15.53
2009
15.61
15.77
15.68
20.21
23.87
27.61
27.77
27.54
29.18
30.77
29.73
30.09
2010
31.18
27.95
26.55
26.86
21.88
22.34
22.68
23.19
24.30
25.39
24.00
23.14
2011
23.04
21.86
22.14
22.78
22.94
23.20
23.58
21.81
21.91
21.80
23.91
23.55
2012
24.39
28.36
33.80
34.32
33.27
33.32
34.05
39.28
40.59
41.30
37.52
38.13
2013
37.75
31.80
27.04
25.77
29.08
30.71
31.01
30.89
35.36
36.02
39.08
38.98
2014
38.33
33.60
34.53
35.95
35.53
40.45
43.38
38.60
40.00
39.05
37.63
37.73
2015
40.01
41.45
42.68
69.16
60.54
45.54
47.61
45.63
41.88
42.55
41.18
41.16
2016
39.12
36.09
36.97
38.11
32.41
30.96
33.06
34.06
34.78
34.67
30.29
29.28
2017
30.65
31.41
32.13
32.77
33.43
25.28
26.58
27.03
27.92
28.08
26.59
28.24
2018
29.43
28.28
27.39
28.21
27.98
33.20
33.19
33.08
31.11
29.16
30.13
30.58
2019
29.82
28.24
28.74
28.88
27.62
27.99
27.02
26.07
26.92
64.31
65.53
51.88
2021
·
·
·
·
2960.39
2986.53
317.49
136.40
62.83
62.72
53.43
51.65
2022
53.37
53.41
51.51
59.02
51.35
51.26
54.06
53.58
54.30
57.71
63.19
63.42
2023
61.52
58.97
46.38
33.35
36.64
38.00
38.51
36.89
37.34
37.98
38.89
40.31
2024
40.95
41.00
41.59
44.49
47.00
49.34
49.81
46.65
47.21
46.53
38.27
38.80
2025
36.31
32.83
32.42
33.73
33.92
34.25
34.25
34.21
35.47
36.21
36.52
36.43
2026
36.92
39.03
36.38
38.68
39.51
38.84
35.99
36.34
34.33
34.02
·
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cheapestdearest· shaded by rank among all 318 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty MNC P/B ratio, month by month

90th pct 9.21median 6.7610th pct 4.16
Price to book by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
8.34
9.40
10.56
9.94
10.36
10.75
11.54
11.84
11.92
11.59
10.83
11.00
2000
11.44
10.60
9.45
9.09
8.45
9.46
9.89
9.10
9.66
7.94
8.14
8.64
2001
7.82
8.04
7.67
7.35
7.29
6.81
7.00
7.06
6.61
6.77
6.98
7.13
2002
7.25
7.50
7.48
7.13
6.53
6.17
6.06
5.79
5.83
5.55
5.29
5.28
2003
5.27
5.06
4.84
4.46
4.70
4.99
5.03
5.08
5.37
5.52
5.54
6.35
2004
6.70
6.14
5.59
5.74
5.24
4.61
4.75
4.78
5.05
5.15
5.47
6.01
2005
5.89
6.33
6.22
6.05
6.29
6.23
6.54
6.73
6.84
6.51
6.73
7.50
2006
7.81
8.75
9.79
10.47
9.55
7.41
7.72
8.14
8.37
8.43
8.68
8.61
2007
8.71
8.44
7.65
7.93
8.07
7.95
8.33
7.78
7.89
9.89
9.88
9.91
2008
9.36
8.32
8.30
8.63
8.75
7.48
6.66
6.80
3.87
3.10
2.81
2.91
2009
2.93
3.00
2.96
3.23
3.42
3.98
4.01
4.20
4.36
4.51
4.63
4.72
2010
4.84
4.51
4.75
4.81
4.61
4.79
4.86
4.67
4.80
6.05
5.99
5.83
2011
5.80
5.46
5.35
5.49
5.50
5.34
5.40
5.02
4.65
3.74
3.73
3.62
2012
3.65
3.98
3.95
4.00
3.87
3.93
4.03
4.18
4.21
5.29
4.87
4.89
2013
4.85
4.54
4.37
5.13
5.84
5.70
5.70
4.79
5.37
5.41
5.42
5.56
2014
5.62
5.41
5.56
6.30
6.32
7.06
7.29
5.98
6.19
5.88
6.27
6.28
2015
6.69
6.93
7.17
7.38
7.25
7.14
7.43
7.45
6.81
6.97
6.99
7.02
2016
6.63
6.21
6.38
6.65
6.66
6.62
7.00
7.04
7.13
7.04
6.54
6.53
2017
6.88
7.27
7.32
6.96
7.21
7.20
7.48
7.61
7.34
5.33
5.43
5.58
2018
5.84
5.65
5.47
5.72
5.65
5.64
5.65
5.70
5.30
4.55
4.55
4.66
2019
4.47
4.29
4.36
4.38
4.19
4.25
4.11
3.88
3.95
3.99
4.04
4.00
2020
4.11
4.13
3.39
3.35
3.30
3.55
3.67
5.64
5.55
7.44
7.60
8.15
2021
8.46
8.45
8.44
5.89
6.45
6.49
6.63
6.61
7.03
7.20
8.29
8.11
2022
8.34
8.10
7.68
8.47
7.79
7.69
8.09
8.25
8.97
9.05
9.25
9.34
2023
9.00
8.79
7.98
7.07
7.45
7.80
7.89
7.75
7.66
7.77
7.87
8.24
2024
8.34
8.55
8.74
9.34
10.09
10.56
10.61
10.53
10.56
9.91
9.14
9.29
2025
8.57
8.18
8.08
8.54
8.98
8.83
8.44
8.10
8.18
8.65
8.68
8.66
2026
8.82
8.96
8.44
8.49
8.70
8.61
7.44
7.35
6.88
6.84
·
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cheapestdearest

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

90th pct 2.38median 1.5510th pct 0.98
Dividend yield by month, 1999 to 2026, as the median of each month’s daily closes
YearJanFebMarAprMayJunJulAugSepOctNovDec
1999
1.01
0.89
0.80
0.84
0.83
0.81
0.76
0.88
0.88
0.90
0.97
0.96
2000
0.93
1.02
1.23
1.28
1.38
1.23
1.18
1.28
1.26
1.53
1.50
1.41
2001
1.75
1.70
1.78
1.86
1.87
1.98
0.97
0.96
1.02
0.97
0.94
0.93
2002
0.93
2.05
2.06
2.16
2.18
2.13
2.16
2.26
2.24
2.35
2.47
2.42
2003
2.43
2.53
2.63
3.09
2.89
2.55
2.43
2.21
2.40
2.34
2.31
2.03
2004
1.92
2.09
2.00
1.97
2.16
2.46
2.39
2.88
2.75
3.23
3.04
2.34
2005
2.38
2.22
2.25
2.31
2.23
2.25
1.74
1.67
1.61
1.64
1.58
1.42
2006
1.40
1.27
1.13
1.06
1.13
1.43
1.36
1.29
1.25
1.23
1.19
1.20
2007
1.19
1.23
1.36
1.31
1.33
1.36
1.31
1.37
1.27
1.08
1.06
1.03
2008
1.09
1.22
1.58
1.56
1.54
1.74
1.95
1.84
1.61
1.94
2.14
2.07
2009
2.05
2.00
2.03
1.90
1.76
1.39
1.26
1.16
1.08
1.00
0.97
0.96
2010
0.94
1.01
0.96
0.95
0.99
0.95
0.94
0.89
0.85
0.95
0.97
1.00
2011
1.00
1.06
1.08
1.06
1.10
1.12
1.13
1.22
1.27
1.26
1.25
1.29
2012
1.26
1.15
1.17
1.16
1.20
1.27
1.24
1.22
1.22
1.15
1.20
1.18
2013
1.19
1.31
1.36
1.62
1.42
1.44
1.30
1.39
1.19
1.66
1.66
1.62
2014
1.60
1.65
1.57
1.43
1.36
1.03
0.99
1.09
1.05
1.10
1.04
1.08
2015
1.02
0.98
0.95
0.92
0.96
1.02
1.01
1.01
1.11
1.68
1.70
1.70
2016
1.81
1.93
1.88
1.69
1.69
1.65
1.55
1.52
1.12
1.11
1.20
1.21
2017
1.15
1.08
1.12
1.14
1.09
1.03
1.00
0.98
0.95
1.70
1.68
1.72
2018
1.64
1.67
1.69
1.62
1.63
1.64
1.65
1.64
1.70
1.93
1.93
1.88
2019
1.86
1.94
1.90
1.88
1.96
1.93
1.94
2.14
2.12
1.85
1.83
1.85
2020
1.82
1.81
2.20
2.16
2.20
2.06
2.07
1.18
1.15
1.13
1.11
1.03
2021
0.97
0.97
0.97
2.17
2.12
2.05
1.87
1.79
2.00
1.90
1.47
1.52
2022
1.67
1.72
2.11
1.91
2.59
2.68
2.84
3.25
2.77
2.63
2.60
2.88
2023
2.72
3.01
2.88
3.22
2.58
2.76
2.75
2.41
2.37
2.29
2.27
1.88
2024
2.10
1.84
1.83
1.42
1.33
1.15
1.16
1.42
1.67
1.75
1.91
1.88
2025
1.96
2.09
2.11
1.91
1.83
1.67
1.78
1.85
1.66
1.66
1.64
1.63
2026
1.51
1.50
1.55
1.54
1.45
1.46
1.53
1.49
1.31
1.65
·
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cheapestdearest

From the blog

Frequently asked questions

What is the Nifty MNC P/E ratio today?

The Nifty MNC closed at a price-to-earnings ratio of 32.50 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 MNC overvalued right now?

Against its own history it is slightly expensive: a P/E of 32.50 is the 55th percentile of 6,540 daily closes, against a median of 30.70 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 MNC?

There is no single good number, but there is a measured middle: 21.72 to 52.75 is the middle 80% of 6,540 daily closes, and the median sits at 30.70. Below 21.72 is the cheapest tenth of this index's own history and above 52.75 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 MNC P/B ratio?

The Nifty MNC price-to-book ratio is 6.55 as of 27 October 2026, against a historical median of 6.76. 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 MNC dividend yield?

The Nifty MNC dividend yield is 1.74% as of 27 October 2026, against a historical median of 1.55%. 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 India Select 5 Corporate Groups (MAATR)Nifty India TourismNifty InfrastructureNifty Low Volatility 50Nifty MediaNifty MetalNifty Microcap 250Nifty MidSmall Financial Services

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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