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INDEX VALUATION

Nifty 500 TRI PE Ratio

Nifty 500 TRI 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 2026-10-29)
21.11
P/B Ratio
3.07
Dividend Yield
1.27%
Fairly valued - current PE of 21.11 sits within the trailing 10-year median ± 1 standard deviation band (20.4-30.2, median 25.3). Band computed from 131 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 500 TRI historical returns →

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Nifty 500 TRI PE valuation vs 10-year median

0 = the trailing 10-year median PE (25.3). Dashed lines mark +/-1/2/3 standard deviations from it.

-3.7σ-1.7σ0.3σ2.4σ4.4σ+3SD+2SD+1SD-1SD-2SD-3SD2015-11-302017-05-312018-11-302020-05-292021-11-302023-05-312024-11-292026-05-312026-10-29

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Nifty 500 TRI 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.

JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC2026-0.37-0.37-0.83-0.42-0.58-0.53-0.45-0.51-0.72-0.86--2025-0.21-0.71-0.36-0.25-0.14+0.01-0.21-0.37-0.31-0.14-0.17-0.172024-0.22-0.19-0.11-0.12-0.17+0.19+0.37+0.39+0.52+0.16+0.1+0.052023-0.72-0.83-0.85-0.71-0.56-0.37-0.22-0.46-0.38-0.72-0.53-0.172022-0.11-0.54-0.33-0.44-0.86-1.07-0.78-0.62-0.74-0.63-0.38-0.52021+3.04+3.54+2.16+2.06+1.23+1+0.72+0.39+0.56+0.33-0.12+0.032020+0.96+0.77-0.71-0.05-0.02+0.83+1.55+2.36+3.13+2.39+3.12+3.692019+0.78+0.8+1.21+1.21+1.29+1.16+0.81+0.79+0.6+0.81+0.92+1.132018+1.44+1.11+0.89+1.24+1.28+1.06+1.69+1.88+1+0.73+0.88+0.882017+0.26+0.26+0.31+0.47+0.53+0.49+0.82+0.88+0.87+1.17+1.25+1.482016-0.66-0.95-0.51-0.44-0.07+0.12+0.38+0.6+0.45+0.46-0.04+02015-----------0.39-0.35
Undervalued (cheap) Overvalued (expensive)

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Nifty 500 TRI P/B ratio over time

Monthly P/B ratio.

-0.50.92.33.75.12015-11-302017-05-312018-11-302020-05-292021-11-302023-05-312024-11-292026-05-312026-10-29

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