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Nifty50 Shariah P/E ratio today

Price to earnings (P/E), price to book (P/B) and dividend yield for the Nifty50 Shariah, which is currently slightly expensive — the 52nd percentile of 3,579 daily closes since 2012. Close of 11 Sept 2026.

Every NSE index, cheapest first

How the Nifty50 Shariah’s valuation reads today

  • Against the market. The Nifty50 Shariah trades at 1.14× the Nifty 50’s P/E, against a median of 0.98× across 3,579 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 15.99 (Jun 2012) and as high as 38.71 (Jan 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. 22.55 today, down from 23.97 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 Nifty50 Shariah level itself is what separates the two.
  • The metrics disagree. Earnings say expensive (P/E 22.55 against a median of 22.02) while dividends say cheap (yield 1.85% against 1.77%). 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
22.55Slightly expensive

52nd percentile of 3,579 days · median 22.02

Price to book
3.63Fairly valued

41st percentile of 3,579 days · median 3.93

Dividend yield
1.85%Fairly valued

57th percentile of 3,579 days · median 1.77

Where the Nifty50 Shariah P/E ratio sits today

Valuation zones for the Nifty50 Shariah price to earnings
ZoneP/E rangeWhat it has meant
Undervaluedbelow 18.13Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued18.13 – 22.02Nothing to act on. Keep SIPs running at their normal size.
Slightly expensiveyou are here22.02 – 28.97Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 28.97Historically 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.

Nifty50 Shariah P/E ratio, month by month

above +1 SD 27.48median 22.02below −1 SD 18.40
Price to earnings by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
18.55
18.11
17.21
16.46
16.77
16.82
17.81
18.53
18.40
18.11
18.30
2013
18.84
18.62
18.21
17.30
17.08
16.34
17.30
16.96
18.87
19.42
18.61
18.85
2014
19.21
18.19
18.84
19.55
19.25
19.82
20.06
19.32
19.31
19.05
19.27
18.43
2015
18.94
19.66
19.87
19.66
19.39
20.56
21.36
21.30
19.98
19.84
18.96
18.97
2016
18.55
17.49
18.36
18.98
18.89
19.29
20.17
20.57
20.84
21.19
19.41
19.59
2017
20.23
20.38
20.80
20.41
20.95
20.79
21.22
21.69
28.40
28.80
24.62
24.66
2018
25.60
23.71
23.13
24.82
24.63
24.33
24.03
23.73
20.07
17.00
18.21
18.50
2019
17.79
18.17
19.08
20.62
20.57
20.60
20.74
22.63
23.22
25.17
24.81
24.12
2020
24.39
24.76
20.15
21.48
21.61
23.63
27.65
28.77
31.12
32.89
32.07
35.09
2021
37.14
34.70
34.91
32.98
32.63
34.64
31.97
32.33
32.50
32.28
27.78
26.93
2022
28.23
25.63
25.30
24.36
22.54
21.91
22.20
19.09
18.29
19.00
21.13
21.82
2023
21.42
22.02
21.04
20.63
22.37
23.30
23.81
23.12
23.90
25.18
25.93
27.34
2024
28.17
29.54
29.13
27.48
26.69
25.25
27.31
28.39
29.70
28.13
27.38
27.95
2025
26.64
25.39
24.25
25.66
26.20
26.47
26.24
23.43
23.85
24.25
24.21
25.09
2026
25.31
25.05
23.42
23.96
23.70
23.47
23.46
23.84
23.07
·
·
·
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

Nifty50 Shariah P/B ratio, month by month

above +1 SD 5.78median 3.93below −1 SD 2.94
Price to book by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
3.58
3.48
3.36
3.25
3.22
3.27
3.42
3.53
3.55
3.42
3.46
2013
3.63
3.61
3.59
3.44
3.51
2.74
2.91
2.90
3.27
3.35
3.33
3.36
2014
3.44
3.34
3.48
3.62
3.68
3.79
3.75
3.59
3.36
3.15
3.25
3.13
2015
3.15
3.14
3.16
3.12
3.06
2.99
3.09
2.99
2.76
2.80
2.64
2.64
2016
2.59
2.47
2.59
2.71
2.69
2.75
2.85
2.85
2.76
3.00
2.79
2.80
2017
2.88
2.99
3.15
3.28
3.33
3.35
3.41
3.35
4.50
4.11
3.67
3.73
2018
3.88
3.72
3.62
3.93
3.92
3.92
3.90
3.81
3.35
2.68
2.71
2.75
2019
2.52
2.57
2.80
3.00
3.00
3.03
3.66
4.06
4.10
4.50
4.47
4.44
2020
4.53
4.59
3.66
3.92
3.97
4.24
4.85
4.94
5.11
5.99
6.15
6.62
2021
7.19
6.97
7.09
7.66
7.63
7.50
7.57
7.72
7.91
7.65
7.04
7.05
2022
7.38
6.99
7.00
6.80
6.39
6.12
6.18
5.33
4.95
5.16
5.39
5.39
2023
5.32
5.25
4.97
4.91
5.04
5.19
5.37
5.49
5.49
4.46
4.49
4.77
2024
4.96
5.15
5.09
5.06
5.06
6.38
6.80
6.76
6.77
6.40
6.03
5.90
2025
5.67
5.43
5.18
5.51
5.66
5.63
5.47
4.98
4.98
4.61
4.61
4.64
2026
4.65
4.37
4.05
4.17
4.17
4.01
3.97
3.91
3.71
·
·
·
cheapestdearest

Nifty50 Shariah dividend yield, month by monthgreen is a HIGH yield, which is the cheap end

above +1 SD 2.18median 1.77below −1 SD 1.32
Dividend yield by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
1.58
1.65
1.71
1.81
1.76
1.73
1.63
1.55
1.51
1.54
1.56
2013
1.50
1.51
1.52
1.59
1.54
1.40
1.27
1.29
1.16
1.24
1.28
1.30
2014
1.27
1.29
1.25
1.19
1.20
1.10
1.07
1.05
1.01
1.03
0.99
1.03
2015
1.01
1.01
1.00
1.01
1.33
1.34
1.31
1.31
1.40
1.40
1.55
1.55
2016
1.58
1.65
1.60
1.48
1.29
1.28
1.25
1.23
1.21
1.15
1.24
1.23
2017
1.20
1.16
1.10
1.11
1.10
1.11
1.09
0.95
1.10
1.61
1.75
1.74
2018
1.73
1.81
1.86
1.73
1.73
1.73
1.74
1.59
1.88
2.10
1.83
1.81
2019
1.89
1.85
1.80
1.61
1.61
1.63
2.25
2.26
2.27
2.06
2.07
2.08
2020
2.03
2.00
2.50
2.33
2.28
2.14
2.18
2.17
2.16
2.02
2.05
1.90
2021
1.76
1.81
1.79
1.34
1.45
1.56
1.57
1.58
1.52
1.50
1.90
2.00
2022
1.91
2.05
2.00
2.01
2.15
2.31
2.30
2.30
2.25
2.05
2.09
2.06
2023
2.35
2.42
2.57
2.57
2.50
2.38
2.38
2.32
2.21
2.25
2.25
2.12
2024
2.02
1.83
1.87
1.91
1.96
2.14
1.93
1.76
1.73
1.78
2.01
1.89
2025
1.93
2.47
2.48
2.39
2.17
2.29
2.47
2.43
2.40
2.16
2.14
2.12
2026
2.09
2.08
2.23
2.18
2.20
1.89
1.84
1.75
1.81
·
·
·
cheapestdearest

Frequently asked questions

What is the Nifty50 Shariah P/E ratio today?

The Nifty50 Shariah closed at a price-to-earnings ratio of 22.55 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 Nifty50 Shariah overvalued right now?

Against its own history it is slightly expensive: a P/E of 22.55 is the 52nd percentile of 3,579 daily closes, with a ten-year median of 22.02. 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 Nifty50 Shariah?

There is no single good number, but there is a measured middle: 18.13 to 28.97 is the middle 80% of 3,579 daily closes, and the median sits at 22.02. Below 18.13 is the cheapest tenth of this index's own history and above 28.97 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 Nifty50 Shariah P/B ratio?

The Nifty50 Shariah price-to-book ratio is 3.63 as of 11 September 2026, against a ten-year median of 3.93. 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 Nifty50 Shariah dividend yield?

The Nifty50 Shariah dividend yield is 1.85% as of 11 September 2026, against a ten-year median of 1.77%. 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

Nifty100 Low Volatility 30Nifty200 Alpha 30Nifty200 Momentum 30Nifty200 Value 30Nifty50 Value 20Nifty500 Equal WeightNifty500 Flexicap Quality 30Nifty500 Healthcare

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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