Nifty 50 PE Ratio

The Nifty 50 currently trades at a current P/E ratio of 22.67 as of October 24, 2025.

Over the past five years, the median P/E has been 22.34, putting today's valuation close to the median of that range. Looking at the longer 10-year period, where the median sits at 23.4, the current reading ranks in the 39.2th percentile - a level historically associated with Undervalued pricing. The 20-year median of 21.93 provides additional context, with the current ratio in the 63.3th percentile of that extended timeframe.

Since January 2003, the Nifty 50 has recorded a median P/E ratio of 21.31 over 23 years. Against this full historical backdrop, the current valuation sits in the 67.9th percentile of all recorded readings, indicating that the market is trading moderately above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (22.67) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	21.86	91.7	Expensive
5 Year	22.34	58.3	Fair Value
10 Year	23.4	39.2	Undervalued
20 Year	21.93	63.3	Overvalued
Since Jan 2003	21.31	67.9	Overvalued

Returns vs P/E Ratio

Over the past decade, the PE rose from 22.1 (81.8th percentile) to 22.67 (39.2th percentile). Annualized total return over this period was 12.1%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	22.58	66.4	+5.7%	+5.7%
3 Year	21.42	55.9	+44.8%	+13.1%
5 Year	31.9	99.1	+116.1%	+16.7%
10 Year	22.06	81.8	+212.4%	+12.1%

Historical Data (2003-2025)

Date	Current PE Ratio
Oct 2025	22.67
Sep 2025	21.76
Aug 2025	21.46
Jul 2025	21.93
Jun 2025	22.97
May 2025	22.32
Apr 2025	21.94
Mar 2025	21.37
Feb 2025	19.67
Jan 2025	21.33
Dec 2024	21.79
Nov 2024	22.21
Oct 2024	22.58
Sep 2024	24.26
Aug 2024	23.47
Jul 2024	23.40
Jun 2024	22.85
May 2024	21.40
Apr 2024	22
Mar 2024	22.88
Feb 2024	22.70
Jan 2024	22.46
Dec 2023	23.17
Nov 2023	21.52
Oct 2023	20.45
Sep 2023	22.21
Aug 2023	21.97
Jul 2023	23.01
Jun 2023	22.36
May 2023	21.59
Apr 2023	20.87
Mar 2023	20.44
Feb 2023	20.39
Jan 2023	20.73
Dec 2022	21.79
Nov 2022	22.54
Oct 2022	21.42
Sep 2022	20.64
Aug 2022	21.20
Jul 2022	20.73
Jun 2022	19.50
May 2022	20.44
Apr 2022	22.01
Mar 2022	22.92
Feb 2022	21.59
Jan 2022	23.42
Dec 2021	24.11
Nov 2021	23.43
Oct 2021	25.71
Sep 2021	26.98
Aug 2021	26.25
Jul 2021	27.01
Jun 2021	28.33
May 2021	29.22
Apr 2021	32.21
Mar 2021	33.20
Feb 2021	39.65
Jan 2021	36.57
Dec 2020	38.45
Nov 2020	35.66
Oct 2020	31.90
Sep 2020	32.69
Aug 2020	32.29
Jul 2020	30.20
Jun 2020	26.32
May 2020	22.38
Apr 2020	22.35
Mar 2020	19.38
Feb 2020	25.49
Jan 2020	26.41
Dec 2019	28.30
Nov 2019	28.10
Oct 2019	27.38
Sep 2019	26.44
Aug 2019	27.27
Jul 2019	27.42
Jun 2019	28.98
May 2019	29.49
Apr 2019	29.33
Mar 2019	29.01
Feb 2019	26.32
Jan 2019	26.26
Dec 2018	26.17
Nov 2018	26.31
Oct 2018	25
Sep 2018	26.44
Aug 2018	28.40
Jul 2018	28.22
Jun 2018	25.90
May 2018	27.19
Apr 2018	26.66
Mar 2018	24.66
Feb 2018	25.68
Jan 2018	27.50
Dec 2017	26.92
Nov 2017	26.16
Oct 2017	26.38
Sep 2017	25.43
Aug 2017	25.62
Jul 2017	25.69
Jun 2017	24.23
May 2017	24.35
Apr 2017	23.63
Mar 2017	23.26
Feb 2017	23.13
Jan 2017	22.86
Dec 2016	21.93
Nov 2016	21.61
Oct 2016	23.34
Sep 2016	23.40
Aug 2016	24.09
Jul 2016	23.62
Jun 2016	22.75
May 2016	22.60
Apr 2016	21.24
Mar 2016	20.89
Feb 2016	18.90
Jan 2016	20.22
Dec 2015	21.49
Nov 2015	21.45
Oct 2015	22.06
Sep 2015	22.21
Aug 2015	22.08
Jul 2015	23.53
Jun 2015	23.19
May 2015	23.12
Apr 2015	22.07
Mar 2015	22.70
Feb 2015	23.80
Jan 2015	22.48
Dec 2014	21.16
Nov 2014	21.94
Oct 2014	21.58
Sep 2014	20.82
Aug 2014	20.80
Jul 2014	20.56
Jun 2014	20.65
May 2014	19.82
Apr 2014	18.79
Mar 2014	18.86
Feb 2014	17.67
Jan 2014	17.70
Dec 2013	18.70
Nov 2013	18.38
Oct 2013	18.18
Sep 2013	16.82
Aug 2013	15.77
Jul 2013	17.05
Jun 2013	17.76
May 2013	17.95
Apr 2013	17.85
Mar 2013	17.57
Feb 2013	17.66
Jan 2013	18.50
Dec 2012	18.68
Nov 2012	18.59
Oct 2012	18.40
Sep 2012	19.17
Aug 2012	17.64
Jul 2012	17.09
Jun 2012	17.51
May 2012	16.66
Apr 2012	18.12
Mar 2012	18.71
Feb 2012	19.09
Jan 2012	18.53
Dec 2011	16.75
Nov 2011	17.49
Oct 2011	18.90
Sep 2011	17.85
Aug 2011	18.05
Jul 2011	19.76
Jun 2011	20.82
May 2011	20.53
Apr 2011	21.36
Mar 2011	22.14
Feb 2011	20.42
Jan 2011	21.06
Dec 2010	24.48
Nov 2010	23.39
Oct 2010	24.71
Sep 2010	25.46
Aug 2010	22.73
Jul 2010	22.31
Jun 2010	22.25
May 2010	21.30
Apr 2010	22.29
Mar 2010	22.33
Feb 2010	20.92
Jan 2010	21
Dec 2009	23.17
Nov 2009	22.37
Oct 2009	20.45
Sep 2009	22.90
Aug 2009	20.94
Jul 2009	20.68
Jun 2009	19.97
May 2009	20.82
Apr 2009	16.53
Mar 2009	14.29
Feb 2009	13.12
Jan 2009	13.40
Dec 2008	12.97
Nov 2008	12.08
Oct 2008	12.57
Sep 2008	16.85
Aug 2008	18.43
Jul 2008	18.22
Jun 2008	17.28
May 2008	20.74
Apr 2008	22.17
Mar 2008	20.63
Feb 2008	22.27
Jan 2008	21.97
Dec 2007	27.62
Nov 2007	25.21
Oct 2007	25.74
Sep 2007	22.58
Aug 2007	20.20
Jul 2007	20.49
Jun 2007	20.60
May 2007	20.41
Apr 2007	19.48
Mar 2007	18.40
Feb 2007	18.01
Jan 2007	19.85
Dec 2006	21.26
Nov 2006	21.18
Oct 2006	20.37
Sep 2006	20.92
Aug 2006	19.15
Jul 2006	17.64
Jun 2006	18.44
May 2006	17.46
Apr 2006	20.31
Mar 2006	20.26
Feb 2006	18.27
Jan 2006	17.90
Dec 2005	17.16
Nov 2005	15.95
Oct 2005	14.23
Sep 2005	16.15
Aug 2005	14.78
Jul 2005	14.10
Jun 2005	14.31
May 2005	13.94
Apr 2005	13.27
Mar 2005	14.60
Feb 2005	15.02
Jan 2005	14.68
Dec 2004	15.32
Nov 2004	16.39
Oct 2004	14.93
Sep 2004	14.59
Aug 2004	13.64
Jul 2004	13.63
Jun 2004	12.64
May 2004	11.94
Apr 2004	18.68
Mar 2004	20.70
Feb 2004	19.74
Jan 2004	19.96
Dec 2003	20.73
Nov 2003	17.81
Oct 2003	17.15
Sep 2003	15.61
Aug 2003	14.95
Jul 2003	12.84
Jun 2003	12.95
May 2003	11.65
Apr 2003	13.14
Mar 2003	13.36
Feb 2003	14.42
Jan 2003	14.13

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (22.67) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
China	14.52	92.50	Expensive
Japan	17.24	94.20	Expensive
South Korea	12.83	95	Expensive
Indonesia	13.01	28.30	Undervalued
Singapore	15.34	93.30	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for Nifty 50 shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.