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INDEX VALUATION

Nifty 50 PE Ratio

Nifty 50 P/E ratio, P/B ratio, and dividend yield - updated monthly

Other indices:Nifty 100 TRINifty 50Nifty 500 TRINifty LargeMidcap 250 TRINifty Midcap 150 TRINifty Smallcap 250 TRIS&P BSE Sensex
PE Ratio (as of 2026-09-01)
20.34
P/B Ratio
2.92
Dividend Yield
1.17%
Fairly valued - current PE of 20.34 sits within the trailing 10-year median ± 1 standard deviation band (19.3-27.22, median 23.26). Band computed from 121 real observations, not a fixed historical threshold.

The valuation band re-centers on the trailing 10 years of real PE data rather than the index's full history, so it reflects current-era valuation norms instead of a decades-stale average. See Nifty 50 historical returns →

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Nifty 50 PE valuation vs 10-year median

0 = the trailing 10-year median PE (23.26). Dashed lines mark +/-1/2/3 standard deviations from it.

-3.7σ-1.6σ0.6σ2.7σ4.9σ+3SD+2SD+1SD-1SD-2SD-3SD2015-11-302017-04-282018-09-282020-02-282021-07-302022-12-302024-05-312025-10-312026-09-01

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Nifty 50 valuation heatmap - PE deviation from median

Trailing 20 years, one cell per month. Value = standard deviations from the trailing 10-year median PE at that point in time - green means cheap vs its own history, red means expensive.

JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC2026-0.31-0.31-0.92-0.59-0.76-0.68-0.63-0.73-0.74---2025-0.49-0.91-0.48-0.33-0.24-0.07-0.34-0.45-0.38-0.16-0.11-0.132024-0.2-0.14-0.1-0.32-0.47-0.1+0.04+0.05+0.25-0.17-0.27-0.372023-0.64-0.72-0.71-0.6-0.42-0.23-0.06-0.33-0.27-0.71-0.44-0.022022+0.04-0.42-0.09-0.32-0.71-0.95-0.64-0.52-0.66-0.46-0.18-0.372021+3.36+4.14+2.51+2.26+1.51+1.28+0.95+0.76+0.94+0.62+0.04+0.212020+0.8+0.56-0.98-0.23-0.22+0.77+1.75+2.28+2.38+2.18+3.13+3.842019+0.76+0.77+1.45+1.53+1.57+1.44+1.05+1.01+0.8+1.04+1.22+1.272018+1.07+0.61+0.35+0.86+0.99+0.67+1.25+1.3+0.8+0.44+0.77+0.732017-0.1-0.03+0+0.09+0.28+0.24+0.61+0.6+0.55+0.79+0.73+0.922016-0.77-1.1-0.6-0.51-0.17-0.13+0.09+0.21+0.04+0.01-0.42-0.342015-----------0.46-0.45
Undervalued (cheap) Overvalued (expensive)

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Nifty 50 P/B ratio over time

Monthly P/B ratio.

-0.51.02.43.95.32015-11-302017-04-282018-09-282020-02-282021-07-302022-12-302024-05-312025-10-312026-09-01

Index data · Not financial advice · Valuation bands are historical statistics, not predictions