NIFTY 500 PE Ratio — Live & 20-Year Historical Valuation
The NIFTY 500 PE ratio is 22.29 as of 5 Jun 2026, with a PB ratio of 3.45 and a dividend yield of 1.09%. On long-term valuations this is currently Overvalued. The interactive heatmap below shows monthly PE, PB and dividend-yield for NIFTY 500 going back over two decades (1999–2026).
Valuation verdict
Above its long-term average
58th percentile vs its history · median PE 21.0
Earnings yield (1 ÷ PE)
4.49%
What the index "earns" relative to price
Current PE
22.29
vs all-time median 21.0
| Period | Low PE | Current | High PE |
|---|---|---|---|
| 1 Month | 22.3 | 22.3 | 22.3 |
| 3 Months | 22.3 | 22.3 | 23.2 |
| 6 Months | 21.2 | 22.3 | 23.5 |
| 1 Year | 21.2 | 22.3 | 24.6 |
| 3 Years | 21.2 | 22.3 | 27.9 |
| 5 Years | 20.1 | 22.3 | 28.8 |
| Max | 10.7 | 22.3 | 43.4 |
Index PENIFTY 500
PE (TTM)22.29
PB Ratio3.45
Div Yield1.09%
Zone
Overvalued
H: 43.4L: 10.7Avg: 21.7Med: 21.0
PE Ratio — Monthly Heatmap
Low
High
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 23.5 | 23.5 | 21.2 | 23.2 | 22.4 | 22.3 | — | — | — | — | — | — |
| 2025 | 24.3 | 21.8 | 23.5 | 24.1 | 24.6 | 25.3 | 24.3 | 23.5 | 23.8 | 24.6 | 24.4 | 24.4 |
| 2024 | 24.2 | 24.4 | 24.7 | 24.7 | 24.5 | 26.2 | 27.1 | 27.2 | 27.9 | 26.1 | 25.8 | 25.6 |
| 2023 | 21.8 | 21.2 | 21.1 | 21.8 | 22.6 | 23.5 | 24.2 | 23.1 | 23.4 | 21.8 | 22.7 | 24.5 |
| 2022 | 24.8 | 22.7 | 23.7 | 23.1 | 21.1 | 20.1 | 21.5 | 22.3 | 21.6 | 22.2 | 23.4 | 22.9 |
| 2021 | 40.2 | 42.6 | 35.9 | 35.4 | 31.3 | 30.2 | 28.8 | 27.2 | 28.0 | 26.9 | 24.7 | 25.4 |
| 2020 | 30.0 | 29.1 | 21.8 | 25.1 | 25.2 | 29.4 | 32.9 | 36.9 | 40.6 | 37.0 | 40.6 | 43.4 |
| 2019 | 29.1 | 29.2 | 31.2 | 31.2 | 31.6 | 31.0 | 29.3 | 29.2 | 28.2 | 29.3 | 29.8 | 30.8 |
| 2018 | 32.4 | 30.8 | 29.6 | 31.4 | 31.6 | 30.5 | 33.6 | 34.5 | 30.2 | 28.9 | 29.6 | 29.6 |
| 2017 | 26.6 | 26.6 | 26.8 | 27.6 | 27.9 | 27.7 | 29.3 | 29.6 | 29.6 | 31.1 | 31.4 | 32.5 |
| 2016 | 22.1 | 20.6 | 22.8 | 23.2 | 25.0 | 25.9 | 27.2 | 28.2 | 27.5 | 27.6 | 25.1 | 25.3 |
| 2015 | 23.2 | 24.9 | 24.3 | 23.6 | 24.4 | 24.6 | 25.2 | 24.1 | 23.7 | 23.7 | 23.4 | 23.6 |
| 2014 | 17.9 | 17.9 | 19.0 | 19.1 | 20.5 | 21.7 | 21.5 | 21.3 | 21.4 | 22.0 | 22.3 | 22.0 |
| 2013 | 18.1 | 17.2 | 17.1 | 17.6 | 17.8 | 17.5 | 16.8 | 15.6 | 16.4 | 17.8 | 18.4 | 19.0 |
| 2012 | 17.6 | 18.6 | 18.3 | 18.0 | 16.8 | 17.4 | 16.9 | 17.9 | 19.3 | 18.5 | 18.2 | 18.4 |
| 2011 | 19.2 | 18.5 | 20.2 | 19.9 | 18.9 | 19.0 | 18.3 | 16.7 | 16.6 | 17.3 | 16.5 | 15.6 |
| 2010 | 18.7 | 18.5 | 19.4 | 19.2 | 19.0 | 19.8 | 19.9 | 20.9 | 22.8 | 23.0 | 21.5 | 22.2 |
| 2009 | 12.2 | 12.1 | 13.1 | 15.3 | 19.7 | 18.4 | 19.0 | 19.6 | 21.0 | 18.2 | 19.9 | 20.8 |
| 2008 | 20.2 | 20.3 | 17.9 | 19.4 | 18.1 | 14.7 | 15.7 | 15.9 | 14.5 | 11.2 | 10.7 | 11.8 |
| 2007 | 18.6 | 16.9 | 17.1 | 17.6 | 18.5 | 18.9 | 18.7 | 18.4 | 21.0 | 23.0 | 23.4 | 26.4 |
| 2006 | 19.3 | 19.8 | 21.8 | 20.8 | 17.4 | 17.3 | 16.5 | 18.1 | 19.6 | 18.8 | 19.6 | 19.8 |
| 2005 | 17.0 | 17.5 | 16.8 | 16.0 | 17.4 | 18.0 | 18.8 | 18.2 | 18.6 | 15.4 | 17.3 | 18.6 |
| 2004 | 16.9 | 16.8 | 17.1 | 17.8 | 14.4 | 14.4 | 15.6 | 14.0 | 15.2 | 14.4 | 15.9 | 17.2 |
| 2003 | 13.6 | 13.8 | 12.9 | 12.8 | 14.8 | 15.7 | 15.2 | 17.7 | 15.9 | 17.0 | 14.9 | 17.8 |
| 2002 | 15.2 | 14.7 | 14.8 | 14.0 | 13.6 | 13.5 | 11.9 | 12.4 | 11.7 | 12.0 | 12.8 | 14.0 |
| 2001 | 20.9 | 20.3 | 16.1 | 16.1 | 17.1 | 15.4 | 14.8 | 14.5 | 12.4 | 13.2 | 14.9 | 14.8 |
| 2000 | 28.0 | 34.3 | 30.6 | 24.7 | 24.0 | 26.0 | 23.4 | 25.0 | 22.3 | 20.5 | 22.4 | 19.4 |
| 1999 | 13.5 | 13.7 | 15.1 | 13.6 | 14.8 | 15.5 | 17.4 | 19.6 | 21.8 | 20.3 | 22.1 | 25.7 |
Undervalued
PE < 15
Fair Value
PE 15–20
Overvalued
PE 20–25
Expensive
PE > 25