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Nifty Next 50 P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty Next 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 first

How the Nifty Next 50’s valuation reads today

  • Against the market. The Nifty Next 50 trades at 0.96× the Nifty 50’s P/E, against a median of 1.06× across 3,579 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 12.52 (Aug 2013) and as high as 97.11 (Jun 2020). 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. 19.06 today, down from 21.03 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 Next 50 level itself is what separates the two.
  • The metrics disagree. Earnings say cheap (P/E 19.06 against a median of 23.96) while dividends say expensive (yield 1.00% against 1.32%). 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
19.06Fairly valued

17th percentile of 3,579 days · median 23.96

Price to book
3.21Fairly valued

34th percentile of 3,579 days · median 3.60

Dividend yield
1.00%Expensive

8th percentile of 3,579 days · median 1.32

Where the Nifty Next 50 P/E ratio sits today

Valuation zones for the Nifty Next 50 price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 17.33Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valuedyou are here17.33 – 23.96Nothing to act on. Keep SIPs running at their normal size.
Slightly expensive23.96 – 42.14Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 42.14Historically 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 Next 50 P/E ratio, month by month

above +1 SD 38.62median 23.96below −1 SD 16.25
Price to earnings by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
15.81
15.64
15.93
16.37
14.96
15.54
15.30
18.10
20.10
16.52
17.33
2013
17.87
17.45
17.38
17.65
19.24
18.23
17.38
14.48
13.59
14.18
14.83
15.24
2014
15.49
14.83
16.14
17.56
18.27
21.35
21.75
20.51
20.97
20.31
20.89
20.35
2015
20.98
21.15
21.27
23.03
22.65
21.32
22.67
23.49
21.45
22.00
21.26
21.72
2016
20.87
20.35
21.40
22.61
21.27
25.04
27.63
29.16
29.49
30.58
26.11
25.33
2017
26.47
25.14
25.23
27.95
28.70
29.27
28.69
30.10
31.88
32.75
34.65
36.81
2018
38.40
36.63
34.78
34.58
33.80
33.41
44.09
44.20
41.45
37.27
39.13
41.46
2019
41.51
40.13
44.11
45.03
43.42
43.11
45.35
45.08
45.61
37.91
38.23
65.43
2020
66.46
71.53
57.77
61.94
63.42
74.00
31.55
32.87
33.55
36.10
37.44
40.52
2021
43.05
40.00
39.07
42.66
32.94
31.99
30.99
28.72
29.66
26.77
25.65
22.68
2022
23.25
21.18
20.98
21.94
19.30
18.52
19.54
22.73
23.58
21.73
24.92
25.38
2023
25.53
25.87
26.07
26.16
27.32
28.55
29.12
25.20
25.65
24.59
22.54
24.87
2024
26.00
25.22
25.64
23.21
24.40
25.35
26.24
26.37
26.81
23.85
22.41
23.03
2025
23.34
21.80
21.46
21.74
21.91
21.90
21.91
21.05
21.01
20.89
20.33
19.95
2026
19.95
19.64
18.17
19.66
19.27
18.94
18.84
19.70
19.26
·
·
·
cheapestdearest· shaded by rank among all 176 months, not by absolute value — the series is skewed enough that a linear ramp would flatten a decade into one colour

Nifty Next 50 P/B ratio, month by month

above +1 SD 4.35median 3.60below −1 SD 2.69
Price to book by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
2.28
2.30
2.34
2.12
2.11
2.21
2.17
2.15
2.18
2.11
2.25
2013
2.33
2.25
2.17
2.18
2.34
2.21
2.16
1.98
2.01
2.10
2.18
2.24
2014
2.26
2.18
2.30
2.35
2.53
2.68
2.69
2.67
2.80
2.69
2.87
2.71
2015
2.78
2.96
2.98
2.97
2.99
2.88
3.00
3.06
2.83
2.87
2.78
2.78
2016
2.67
2.46
2.58
2.70
2.71
2.76
2.97
3.05
3.04
3.44
3.29
3.35
2017
3.48
3.72
3.76
3.57
3.66
3.80
3.88
3.84
3.93
3.35
3.48
3.51
2018
3.66
3.45
3.34
3.48
3.45
3.40
3.31
3.46
3.36
3.72
3.87
3.92
2019
3.90
3.71
3.94
4.15
4.01
4.02
4.01
3.82
3.56
3.54
3.71
3.77
2020
3.93
3.86
3.00
3.06
3.01
3.10
3.98
3.85
3.60
3.72
3.97
4.37
2021
4.52
4.60
4.63
4.63
5.01
5.24
5.20
4.83
5.19
4.44
4.42
4.27
2022
4.37
4.20
4.11
4.60
4.11
3.92
4.07
4.40
4.50
4.58
4.70
4.76
2023
4.76
4.34
4.26
4.29
4.54
4.79
4.65
4.42
4.44
3.62
3.76
4.15
2024
4.36
4.67
4.76
4.46
4.71
4.97
5.04
4.99
4.73
3.98
3.73
3.85
2025
3.54
3.38
3.34
3.99
4.14
4.06
3.92
3.65
3.59
3.61
3.62
3.57
2026
3.56
3.62
3.37
3.71
3.75
3.62
3.43
3.41
3.24
·
·
·
cheapestdearest

Nifty Next 50 dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

above +1 SD 1.62median 1.32below −1 SD 1.06
Dividend yield by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
1.48
1.50
1.48
1.50
1.51
1.45
1.46
1.47
1.45
1.41
1.31
2013
1.26
1.33
1.37
1.40
1.29
1.36
1.38
1.50
1.46
1.48
1.47
1.44
2014
1.42
1.48
1.41
1.42
1.31
1.18
1.14
1.13
1.07
1.12
1.03
1.05
2015
1.02
0.97
0.96
1.07
1.08
1.13
1.09
1.14
1.24
1.61
1.66
1.65
2016
1.73
1.87
1.78
1.73
1.72
1.68
1.55
1.54
1.56
1.49
1.61
1.63
2017
1.60
1.49
1.50
1.31
1.28
1.27
1.21
1.19
1.15
1.12
1.05
1.03
2018
0.97
1.03
1.16
1.12
1.15
1.17
1.17
1.19
1.19
1.05
1.01
0.95
2019
0.88
0.94
0.87
0.90
0.93
0.92
0.98
1.13
1.14
1.24
1.18
1.18
2020
1.13
1.15
1.47
1.42
1.44
1.37
1.04
1.02
1.17
1.31
1.23
1.09
2021
1.03
1.01
1.00
1.13
1.04
0.98
1.12
1.14
1.24
1.19
1.06
1.17
2022
1.35
1.34
1.43
1.50
2.08
2.25
2.16
2.11
1.90
2.01
1.87
1.97
2023
1.77
1.98
1.92
2.00
1.53
1.63
1.70
1.54
1.49
1.46
1.60
1.34
2024
1.37
1.29
1.28
1.13
1.10
0.98
1.05
1.12
1.25
1.42
1.47
1.36
2025
1.22
1.32
1.34
1.43
1.37
1.37
1.31
1.36
1.31
1.34
1.39
1.43
2026
1.43
1.33
1.46
1.42
1.42
1.27
1.23
1.10
0.99
·
·
·
cheapestdearest

Frequently asked questions

What is the Nifty Next 50 P/E ratio today?

The Nifty Next 50 closed at a price-to-earnings ratio of 19.06 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 Next 50 overvalued right now?

Against its own history it is fairly valued: a P/E of 19.06 is the 17th percentile of 3,579 daily closes, with a ten-year median of 23.96. 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 Next 50?

There is no single good number, but there is a measured middle: 17.33 to 42.14 is the middle 80% of 3,579 daily closes, and the median sits at 23.96. Below 17.33 is the cheapest tenth of this index's own history and above 42.14 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 Next 50 P/B ratio?

The Nifty Next 50 price-to-book ratio is 3.21 as of 11 September 2026, against a ten-year median of 3.60. 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 Next 50 dividend yield?

The Nifty Next 50 dividend yield is 1.00% as of 11 September 2026, against a ten-year median of 1.32%. 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 Midcap Liquid 15Nifty Midcap SelectNifty Midcap150 Momentum 50Nifty MobilityNifty Non-Cyclical ConsumerNifty Oil & GasNifty PSENifty PSU Bank

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