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Nifty 50 P/E ratio today

Price to earnings, price to book and dividend yield — read against ten years of the index’s own history, because 19.8 means nothing until you know what 19.8 has meant before. Close of 11 Sept 2026.

Where dividend yield sits today

Valuation zones for the Nifty 50 dividend yield
ZoneDiv yield rangeWhat it has meant
Undervaluedbelow 1.16Historically cheap — the zone that has rewarded adding, not waiting.
Fairly valued1.16 – 1.29Nothing to act on. Keep SIPs running at their normal size.
Slightly expensiveyou are here1.29 – 1.45Above the ten-year middle. Stagger a lump sum rather than timing it.
Expensiveabove 1.45Historically dear — rebalancing to your target allocation is the honest response.

Bands are the mean ±1 standard deviation of 3,579 daily closes, with the median as the middle line, sorted so the four zones stay in order on a skewed series. 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. Dividend yield reads backwards: a high yield is the cheap end, and the zone is judged accordingly.

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 50 price to earnings

above +1 SD 27.56median 22.39below −1 SD 18.90
Price to earnings by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
19.09
18.71
18.50
16.88
16.96
17.14
17.74
18.66
19.00
18.03
18.66
2013
18.89
18.29
17.94
17.43
18.19
17.59
17.87
16.08
17.04
17.81
17.78
18.58
2014
18.37
17.34
18.35
18.99
19.79
20.55
20.65
20.45
21.19
20.59
21.49
21.16
2015
21.70
23.22
23.15
22.95
22.47
22.59
23.52
23.38
21.70
22.48
21.24
21.06
2016
20.27
19.32
20.30
21.30
21.27
22.52
23.38
23.63
24.06
23.32
21.61
21.43
2017
22.42
23.27
23.54
23.37
24.23
24.34
25.17
25.45
25.97
26.38
26.38
26.45
2018
27.21
25.48
24.87
26.13
26.60
26.83
27.32
28.23
27.54
24.95
25.51
26.10
2019
26.14
26.53
27.83
29.12
29.10
29.24
28.33
27.14
26.67
26.48
27.59
28.17
2020
28.03
27.05
20.41
20.51
21.18
24.36
28.36
31.64
32.63
34.27
34.57
37.24
2021
38.98
41.23
40.43
32.72
29.91
29.10
28.27
26.25
26.84
27.34
25.24
23.73
2022
24.74
22.31
21.82
22.67
20.12
19.54
20.04
21.00
21.05
20.93
21.89
22.13
2023
21.53
20.94
20.16
20.66
21.59
21.77
23.55
22.47
22.31
22.02
21.05
22.62
2024
22.97
22.66
22.85
22.80
21.55
22.32
23.20
22.95
23.61
23.34
22.23
22.40
2025
21.36
20.44
20.05
21.30
22.19
22.44
22.59
21.71
21.90
22.64
22.52
22.64
2026
22.37
22.37
20.63
20.99
20.59
20.55
20.73
20.56
20.10
·
·
·
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 50 price to book

above +1 SD 4.01median 3.49below −1 SD 3.08
Price to book by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
3.06
3.00
3.00
2.90
2.93
2.99
2.95
3.03
3.14
3.02
3.13
2013
3.20
3.13
3.08
3.00
3.21
3.06
3.04
2.72
2.82
2.91
2.90
2.97
2014
2.95
2.87
3.08
3.26
3.42
3.50
3.50
3.43
3.52
3.37
3.54
3.49
2015
3.58
3.70
3.68
3.69
3.58
3.49
3.50
3.43
3.15
3.29
3.16
3.13
2016
3.01
2.89
3.01
3.27
3.27
3.38
3.44
3.35
3.33
3.29
3.09
3.08
2017
3.18
3.33
3.44
3.51
3.60
3.60
3.57
3.48
3.50
3.45
3.48
3.48
2018
3.62
3.55
3.44
3.62
3.67
3.70
3.66
3.74
3.65
3.28
3.35
3.41
2019
3.37
3.40
3.58
3.72
3.74
3.78
3.62
3.42
3.34
3.54
3.69
3.73
2020
3.68
3.39
2.52
2.60
2.62
2.88
3.08
3.18
3.19
3.35
3.61
3.83
2021
4.06
4.26
4.21
4.19
4.28
4.40
4.24
4.24
4.41
4.53
4.48
4.31
2022
4.49
4.36
4.28
4.44
4.15
4.04
4.00
4.17
4.09
4.07
4.30
4.32
2023
4.22
4.17
4.01
4.14
4.28
4.37
4.80
4.67
4.43
3.43
3.46
3.71
2024
3.79
3.84
3.88
3.94
3.94
4.08
4.19
4.16
4.07
3.71
3.60
3.63
2025
3.47
3.42
3.36
3.47
3.65
3.63
3.57
3.34
3.33
3.50
3.54
3.54
2026
3.49
3.49
3.20
3.29
3.25
3.14
3.10
2.95
2.88
·
·
·
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 50 dividend yieldgreen is a HIGH yield, which is the cheap end

above +1 SD 1.45median 1.29below −1 SD 1.16
Dividend yield by month, 2012 to 2026, as the median of each month’s daily closes
JanFebMarAprMayJunJulAugSepOctNovDec
2012
·
1.46
1.50
1.52
1.62
1.56
1.53
1.53
1.49
1.42
1.44
1.40
2013
1.37
1.40
1.42
1.46
1.37
1.43
1.40
1.54
1.50
1.51
1.52
1.49
2014
1.50
1.54
1.44
1.36
1.34
1.29
1.28
1.30
1.25
1.33
1.26
1.27
2015
1.24
1.24
1.27
1.27
1.42
1.45
1.43
1.43
1.51
1.39
1.45
1.47
2016
1.54
1.61
1.54
1.42
1.37
1.28
1.23
1.25
1.25
1.27
1.36
1.36
2017
1.32
1.26
1.23
1.25
1.22
1.18
1.08
0.96
0.94
1.12
1.08
1.10
2018
1.06
1.08
1.28
1.22
1.20
1.23
1.19
1.17
1.19
1.30
1.25
1.23
2019
1.25
1.25
1.19
1.13
1.16
1.23
1.29
1.35
1.39
1.30
1.25
1.24
2020
1.25
1.27
1.70
1.67
1.65
1.52
1.49
1.46
1.45
1.34
1.25
1.17
2021
1.11
1.06
1.07
0.98
0.99
1.20
1.11
1.11
1.11
1.13
1.13
1.20
2022
1.16
1.24
1.22
1.14
1.32
1.43
1.38
1.35
1.35
1.31
1.29
1.27
2023
1.35
1.40
1.46
1.41
1.38
1.43
1.29
1.37
1.36
1.38
1.38
1.30
2024
1.26
1.22
1.21
1.19
1.27
1.24
1.22
1.22
1.20
1.20
1.28
1.25
2025
1.30
1.42
1.42
1.32
1.15
1.17
1.29
1.36
1.35
1.32
1.29
1.29
2026
1.30
1.23
1.32
1.30
1.32
1.23
1.23
1.18
1.19
·
·
·
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

Every NSE index, cheapest first

IndexCloseP/EP/BDiv yield
Nifty PSU Bank8,349.97.511.150.77%
Nifty200 Value 3014,598.259.161.262.13%
NIFTY500 Value 5015,773.910.271.312.06%
Nifty Oil & Gas10,93710.831.351.82%
Nifty PSE9,688.410.991.732.66%
Nifty CPSE6,436.312.391.872.86%
Nifty Dividend Opportunities 505,647.412.822.332.30%
Nifty Bank56,606.5513.391.700.69%
Nifty500 Multifactor MQVLv 5029,967.513.772.251.68%
Nifty India Corporate Group Index - Aditya Birla Group9,784.3614.232.770.17%
Nifty50 Value 2011,498.314.311.911.67%
Nifty Energy37,935.214.722.051.86%
Nifty Commodities9,579.814.851.921.46%
Nifty Financial Services 25/5027,625.915.272.411.08%
Nifty Telecommunications3,876.9815.358.360.45%
Nifty Financial Services25,545.415.672.360.98%
Nifty Metal12,999.0515.832.601.29%
NIFTY Alpha Quality Value Low-Volatility 3019,572.416.192.771.65%
Nifty Private Bank27,43617.091.970.63%
Nifty Top 10 Equal Weight8,348.117.472.871.34%
Nifty Top 15 Equal Weight9,416.418.413.031.33%
Nifty IT28,921.518.455.092.77%
Nifty Services Sector29,969.3518.482.801.31%
Nifty MidSmall IT & Telecom9,959.218.726.850.66%
Nifty Next 5072,083.719.063.211.00%
Nifty Power8,505.119.342.391.55%
Nifty Construction11,864.0619.492.530.87%
NIFTY100 Alpha 3017,783.719.573.210.88%
Nifty 10024,546.5519.642.891.17%
Nifty 5023,398.119.782.831.21%
Nifty200 Alpha 3026,514.2520.164.860.71%
Nifty Housing11,530.6520.192.610.92%
Nifty100 Equal Weight34,020.620.493.131.16%
Nifty Top 20 Equal Weight8,566.8520.523.321.42%
Nifty100 ESG Sector Leaders3,920.3520.532.951.15%
NIFTY100 Enhanced ESG4,88520.583.351.24%
NIFTY100 ESG4,852.9520.603.351.23%
Nifty India Corporate Group Index - Mahindra Group35,263.220.923.610.93%
Nifty High Beta 504,373.1520.933.250.80%
Nifty India Railways PSU2,701.520.992.681.77%
Nifty 20013,657.921.133.101.05%
Nifty Financial Services Ex-Bank31,646.521.133.860.75%
Nifty500 Low Volatility 5021,608.8521.373.531.61%
Nifty India FPI 1501,525.2521.623.221.08%
Nifty Next 1005,920.4921.703.350.86%
Nifty 50022,866.522.163.180.98%
Nifty Rural14,829.5522.203.491.00%
Nifty NBFC58,028.222.343.520.56%
Nifty Infrastructure9,077.1522.402.621.00%
Nifty Total Market12,943.222.403.200.96%
Nifty50 Shariah4,061.7522.553.631.85%
Nifty500 Ahimsa3,657.8822.913.731.22%
Nifty Conglomerate 5014,877.622.963.811.00%
NIFTY SME EMERGE15,142.7523.093.590.19%
NIFTY LargeMidcap 25016,381.6523.353.470.88%
NIFTY50 Equal Weight32,008.7523.383.261.29%
Nifty India Select 5 Corporate Groups (MAATR)37,880.3523.522.980.82%
Nifty Alpha 5056,315.423.534.820.55%
Nifty100 Low Volatility 3019,438.5524.003.821.35%
Nifty200 Momentum 3030,69424.114.460.82%
Nifty500 Multicap Infrastructure 50:30:2014,261.924.143.110.84%
Nifty500 Multicap 50:25:2516,316.224.153.320.87%
Nifty100 Liquid 157,379.0524.402.950.87%
Nifty Smallcap250 Quality 5025,051.1524.494.641.07%
Nifty Insurance1,787.3324.827.620.25%
NIFTY Alpha Low-Volatility 3026,237.9525.223.980.98%
Nifty Low Volatility 5023,753.4525.244.141.28%
Nifty MidSmall Financial Services22,662.2525.623.210.40%
Nifty Shariah 257,650.0525.704.391.79%
Nifty500 Quality 5019,228.225.788.261.45%
Nifty500 LargeMidSmall Equal-Cap Weighted18,334.0526.103.490.77%
NIFTY Quality Low-Volatility 3016,031.2526.125.211.55%
Nifty Cement14,191.8526.222.030.40%
NIFTY100 Quality 305,497.8526.486.471.72%
NIFTY200 Quality 3019,70626.718.341.79%
Nifty Growth Sectors 1510,997.526.716.221.50%
Nifty Sugar & Ethanol2,652.6226.992.350.46%
Nifty Midcap150 Momentum 5063,497.327.045.120.48%
Nifty500 Equal Weight14,810.327.123.450.74%
Nifty Smallcap250 Momentum Quality 10049,215.5527.314.530.62%
Nifty500 Shariah6,793.327.414.131.16%
Nifty India Manufacturing15,967.4527.593.970.86%
Nifty India Infrastructure & Logistics11,857.1527.943.880.82%
Nifty Midcap 15022,847.8528.574.310.59%
Nifty India Digital8,56428.586.461.41%
NIFTY Alpha Quality Low-Volatility 3022,132.928.636.231.31%
Nifty Microcap 25026,650.728.653.560.45%
NIFTY Midcap 10062,197.229.984.280.56%
Nifty500 Multicap Momentum Quality 5041,549.0530.137.440.99%
Nifty MidSmallcap400 Momentum Quality 10051,291.330.156.090.64%
Nifty MidSmallcap 40021,226.9530.204.000.58%
Nifty India Corporate Group Index - Tata Group14,187.0930.284.862.09%
Nifty500 Multicap India Manufacturing 50:30:2016,499.630.433.660.73%
Nifty500 Momentum 5055,021.8530.516.100.48%
NIFTY Midcap150 Quality 5023,551.9530.656.841.01%
Nifty Core Housing14,947.530.913.210.49%
Nifty MidSmallcap400 50:5020,771.131.003.880.58%
Nifty FMCG45,053.7531.267.521.05%
NIFTY Smallcap 10019,906.331.533.520.56%
Nifty500 Flexicap Quality 309,679.7531.686.491.23%
Nifty Auto27,304.531.724.171.06%
Nifty Midcap Select14,584.731.834.400.50%
Nifty Smallcap 509,948.231.853.420.58%
Nifty Smallcap 50021,023.831.953.540.54%
Nifty Housing Finance749.5732.471.470.84%
Nifty MidSmall India Consumption18,093.532.657.050.78%
Nifty India Corporate Group Index - Tata Group 25% Cap14,010.3533.114.451.75%
Nifty Smallcap 25018,339.933.843.530.56%
Nifty MNC31,635.8534.336.881.31%
Nifty Midcap 5017,929.7535.264.290.53%
Nifty Total Market Momentum Quality 5044,469.7536.009.280.92%
Nifty Realty848.536.033.710.51%
Nifty India Consumption11,460.637.326.810.80%
Nifty Mobility22,795.2537.634.160.86%
Nifty Commercial & Transport Services13,458.8838.534.700.52%
Nifty Midcap Liquid 1517,197.638.794.920.54%
Nifty Media1,537.240.651.560.50%
Nifty Pharma26,532.441.084.990.54%
Nifty Small Finance Banks & Microfinance Institutions1,398.641.551.620.06%
Nifty EV & New Age Automotive3,168.241.724.570.83%
Nifty500 Growth 5034,037.242.198.270.24%
Nifty Healthcare Index16,492.143.215.340.47%
Nifty Transportation & Logistics25,386.644.004.970.78%
Nifty Capital Markets5,371.844.1811.140.68%
Nifty Chemicals29,78244.353.980.58%
Nifty MidSmall Healthcare52,262.7545.375.530.30%
Nifty Capital Goods17,105.0945.389.400.58%
Nifty500 Healthcare21,656.145.935.700.42%
Nifty India New Age Consumption11,800.1546.366.310.58%
Nifty REITs & Realty1,887.0550.522.543.62%
Nifty REITs & InvITs1,410.2451.042.164.53%
Nifty Non-Cyclical Consumer14,769.653.648.990.70%
Nifty India Defence9,723.8558.6811.350.49%
Nifty IPO2,451.860.718.920.13%
Nifty Consumer Durables38,900.863.3511.180.38%
Nifty REITs & InvITs 90:101,415.964.052.225.29%
Nifty Hospitals4,462.8469.879.570.15%
Nifty India Defence Equal Weight9,145.7280.2311.010.30%
Nifty India Tourism7,732.0587.218.730.33%
Nifty Consumer Services3,616.94114.377.490.17%
Nifty India Internet1,477.1159.877.070.20%
Nifty Retail3,117.29213.247.880.09%

NSE publishes these once a day, after the close, on a consolidated trailing-twelve-month basis — so they move on the index and on quarterly earnings revisions, and never intraday. Indices with no meaningful earnings (India VIX, the dividend-point series) are left out. 142 indices.