Index valuations: P/E, P/B and dividend yield

PE ratios, P/B and dividend yields of 98 NSE indices as of 25 Sept 2026, each set against the index’s own history. Tap an index for its charts. Descriptive only: valuations can stay high or low for years.

Broad market

Index	P/E	P/B	Dividend yield	Overall
Nifty 50	19.56	2.80	1.22%	Below typical
Nifty Next 50	18.97	3.19	1.01%	Above typical
Nifty 100	19.45	2.87	1.18%	Below typical
Nifty 200	20.87	3.05	1.06%	Typical
Nifty 500	21.90	3.13	0.99%	Above typical
Nifty Total Market	22.14	3.14	0.96%	Below typical
Nifty 500 Multicap 50:25:25	23.87	3.26	0.88%	Typical

Market cap

Index	P/E	P/B	Dividend yield	Overall
Nifty LargeMidcap 250	23.02	3.41	0.89%	Typical
Nifty Midcap 150	28.06	4.17	0.59%	Above typical
Nifty Midcap 100	29.35	4.13	0.56%	High
Nifty Midcap 50	34.37	4.14	0.55%	High
Nifty MidSmallcap 400	29.74	3.88	0.58%	Above typical
Nifty MidSmallcap 400 50:50	30.57	3.76	0.58%	—
Nifty Smallcap 250	33.51	3.43	0.57%	Above typical
Nifty Smallcap 100	31.23	3.43	0.56%	Above typical
Nifty Smallcap 50	31.64	3.36	0.57%	Above typical
Nifty Microcap 250	28.45	3.45	0.45%	Above typical

Strategy / factor

Index	P/E	P/B	Dividend yield	Overall
Nifty 50 Equal Weight	23.14	3.23	1.30%	Typical
Nifty 100 Equal Weight	20.34	3.11	1.16%	Typical
Nifty 500 Equal Weight	26.86	3.36	0.74%	—
Nifty Top 10 Equal Weight	17.15	2.82	1.36%	—
Nifty Top 15 Equal Weight	18.06	2.97	1.35%	—
Nifty Top 20 Equal Weight	20.29	3.28	1.44%	—
Nifty 100 Low Volatility 30	23.77	3.79	1.37%	Below typical
Nifty 500 Low Volatility 50	21.28	3.51	1.62%	—
Nifty Alpha 50	22.99	4.70	0.54%	Typical
Nifty 200 Alpha 30	19.79	4.75	0.68%	Typical
Nifty Alpha Low-Volatility 30	24.98	3.94	0.99%	Below typical
Nifty 200 Momentum 30	23.74	4.38	0.82%	Typical
Nifty 500 Momentum 50	29.96	5.91	0.47%	—
Nifty Midcap 150 Momentum 50	26.58	4.98	0.46%	Typical
Nifty 100 Quality 30	26.22	6.40	1.73%	Below typical
Nifty 200 Quality 30	26.37	8.15	1.81%	Below typical
Nifty 500 Quality 50	25.15	7.81	1.47%	—
Nifty Midcap 150 Quality 50	30.54	6.63	1.01%	Typical
Nifty Smallcap 250 Quality 50	24.34	4.50	1.07%	Typical
Nifty 500 Multicap Momentum Quality 50	29.69	7.20	0.99%	—
Nifty Total Market Momentum Quality 50	35.25	8.93	0.93%	—
Nifty 500 Flexicap Quality 30	31.42	6.41	1.24%	—
Nifty MidSmallcap 400 Momentum Quality 100	29.88	5.95	0.64%	—
Nifty Smallcap 250 Momentum Quality 100	27.00	4.39	0.63%	—
Nifty 50 Value 20	14.16	1.89	1.68%	Below typical
Nifty 200 Value 30	9.10	1.25	2.15%	—
Nifty 500 Value 50	10.19	1.29	2.06%	Above typical
Nifty Dividend Opportunities 50	12.73	2.31	2.31%	Typical
Nifty 100 ESG	20.39	3.31	1.25%	Low
Nifty 100 ESG Sector Leaders	20.29	2.92	1.16%	Below typical
Nifty 50 Shariah	22.32	3.59	1.87%	Typical
Nifty 500 Shariah	27.27	4.08	1.16%	Above typical

Sector & thematic

Index	P/E	P/B	Dividend yield	Overall
Nifty Bank	13.15	1.66	0.70%	Below typical
Nifty Private Bank	16.74	1.93	0.65%	Low
Nifty PSU Bank	7.46	1.15	0.77%	Typical
Nifty Financial Services	15.39	2.32	0.99%	Low
Nifty Financial Services ex-Bank	20.26	3.70	0.78%	Typical
Nifty MidSmall Financial Services	24.40	3.05	0.42%	High
Nifty Capital Markets	43.26	10.84	0.69%	—
Nifty IT	17.96	4.94	2.85%	Low
Nifty India Digital	27.47	6.09	1.47%	Low
Nifty India Internet	151.01	6.35	0.21%	—
Nifty MidSmall IT & Telecom	17.97	6.52	0.69%	Below typical
Nifty Pharma	41.81	5.07	0.52%	Above typical
Nifty Healthcare	43.70	5.40	0.46%	High
Nifty 500 Healthcare	46.30	5.71	0.41%	—
Nifty Auto	31.33	4.12	1.08%	Below typical
Nifty EV & New Age Automotive	41.16	4.50	0.84%	—
Nifty FMCG	31.87	7.64	1.03%	Typical
Nifty India Consumption	37.17	6.77	0.81%	Above typical
Nifty India New Age Consumption	45.46	6.10	0.59%	—
Nifty MidSmall India Consumption	32.84	6.93	0.78%	Low
Nifty Consumer Durables	62.34	10.02	0.39%	Below typical
Nifty Non-Cyclical Consumer	53.72	8.95	0.70%	Typical
Nifty Rural	21.91	3.44	1.02%	—
Nifty Energy	14.52	2.01	1.87%	Typical
Nifty Oil & Gas	10.75	1.34	1.82%	Typical
Nifty Metal	15.93	2.60	1.26%	High
Nifty Commodities	14.78	1.91	1.46%	Above typical
Nifty Chemicals	43.40	3.89	0.59%	—
Nifty Cement	26.09	2.02	0.41%	—
Nifty Realty	36.92	3.78	0.48%	Typical
Nifty REITs & Realty	51.17	2.49	3.56%	—
Nifty Housing	20.13	2.59	0.92%	Below typical
Nifty Infrastructure	22.10	2.59	1.01%	Typical
Nifty 500 Multicap Infrastructure 50:30:20	23.79	3.04	0.85%	—
Nifty India Infrastructure & Logistics	27.56	3.80	0.83%	—
Nifty India Manufacturing	27.44	3.94	0.86%	Above typical
Nifty 500 Multicap India Manufacturing 50:30:20	30.31	3.62	0.74%	—
Nifty India Defence	56.74	10.86	0.51%	Above typical
Nifty Transportation & Logistics	43.75	4.93	0.78%	Typical
Nifty India Railways PSU	20.48	2.57	1.90%	—
Nifty India Tourism	87.85	8.52	0.33%	—
Nifty Media	41.01	1.56	0.50%	Typical
Nifty Services Sector	18.26	2.76	1.33%	Below typical
Nifty Growth Sectors 15	26.30	6.13	1.52%	Below typical
Nifty MNC	34.02	6.82	1.32%	Typical
Nifty CPSE	12.28	1.85	2.87%	Above typical
Nifty PSE	10.86	1.70	2.69%	Typical
Nifty IPO	61.92	7.93	0.13%	—
Nifty MidSmall Healthcare	45.50	5.49	0.29%	Above typical