NIFTY NEXT 50 PE Ratio — Live & 20-Year Historical Valuation
The NIFTY NEXT 50 PE ratio is 18.97 as of 4 Jun 2026, with a PB ratio of 3.68 and a dividend yield of 1.43%. On long-term valuations this is currently Fairly Valued. The interactive heatmap below shows monthly PE, PB and dividend-yield for NIFTY NEXT 50 going back over two decades (1999–2026).
Valuation verdict
Below its long-term average
48th percentile vs its history · median PE 19.6
Earnings yield (1 ÷ PE)
5.27%
What the index "earns" relative to price
Current PE
18.97
vs all-time median 19.6
| Period | Low PE | Current | High PE |
|---|---|---|---|
| 1 Month | 19.0 | 19.0 | 19.0 |
| 3 Months | 19.0 | 19.0 | 19.7 |
| 6 Months | 17.1 | 19.0 | 19.7 |
| 1 Year | 17.1 | 19.0 | 21.5 |
| 3 Years | 17.1 | 19.0 | 29.1 |
| 5 Years | 17.1 | 19.0 | 29.7 |
| Max | 5.3 | 19.0 | 69.2 |
Index PENIFTY NEXT 50
PE (TTM)18.97
PB Ratio3.68
Div Yield1.43%
Zone
Fairly Valued
H: 69.2L: 5.3Avg: 21.4Med: 19.5
PE Ratio — Monthly Heatmap
Low
High
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 19.4 | 19.5 | 17.1 | 19.7 | 19.3 | 19.0 | — | — | — | — | — | — |
| 2025 | 23.3 | 20.4 | 21.5 | 21.9 | 21.9 | 22.1 | 21.5 | 20.3 | 20.7 | 20.7 | 20.1 | 20.2 |
| 2024 | 24.8 | 25.5 | 22.4 | 24.1 | 24.1 | 25.6 | 26.4 | 26.8 | 24.8 | 23.2 | 22.6 | 24.9 |
| 2023 | 25.4 | 25.8 | 25.7 | 26.8 | 28.1 | 29.1 | 29.1 | 25.1 | 24.7 | 23.5 | 23.2 | 25.6 |
| 2022 | 22.1 | 20.8 | 21.0 | 21.7 | 19.6 | 18.3 | 20.3 | 23.4 | 21.8 | 22.3 | 25.4 | 25.6 |
| 2021 | 39.3 | 38.5 | 42.5 | 42.7 | 31.5 | 30.8 | 29.7 | 28.9 | 26.3 | 25.8 | 22.6 | 22.9 |
| 2020 | 66.8 | 69.2 | 56.5 | 64.9 | 65.9 | 30.8 | 32.9 | 33.1 | 35.6 | 36.4 | 38.0 | 41.2 |
| 2019 | 39.8 | 41.7 | 45.5 | 44.6 | 43.9 | 46.0 | 44.1 | 46.3 | 38.3 | 39.9 | 36.6 | 65.4 |
| 2018 | 37.7 | 35.8 | 34.6 | 35.5 | 33.8 | 40.9 | 46.5 | 44.0 | 38.7 | 38.2 | 41.3 | 42.4 |
| 2017 | 27.0 | 25.0 | 27.2 | 28.4 | 29.4 | 27.5 | 29.1 | 31.5 | 31.6 | 33.9 | 36.5 | 37.8 |
| 2016 | 20.3 | 20.1 | 22.0 | 22.4 | 24.3 | 25.9 | 28.8 | 29.6 | 30.5 | 30.2 | 25.9 | 25.1 |
| 2015 | 21.5 | 21.1 | 22.8 | 22.2 | 20.9 | 21.9 | 23.0 | 22.1 | 21.8 | 21.1 | 21.7 | 22.1 |
| 2014 | 14.7 | 15.5 | 17.3 | 17.4 | 19.0 | 21.9 | 21.0 | 20.4 | 20.5 | 20.7 | 20.7 | 20.7 |
| 2013 | 17.3 | 17.2 | 16.8 | 18.7 | 19.2 | 16.9 | 16.8 | 12.9 | 13.4 | 14.6 | 15.1 | 16.0 |
| 2012 | 15.8 | 15.8 | 15.9 | 17.5 | 16.1 | 15.5 | 15.1 | 17.5 | 20.0 | 18.9 | 16.9 | 17.8 |
| 2011 | 15.4 | 14.7 | 16.2 | 16.9 | 16.0 | 15.6 | 15.0 | 13.7 | 13.4 | 14.1 | 14.7 | 13.5 |
| 2010 | 14.7 | 14.8 | 15.8 | 15.5 | 16.6 | 17.2 | 18.2 | 18.3 | 20.0 | 19.9 | 17.7 | 17.6 |
| 2009 | 8.6 | 8.1 | 8.7 | 10.5 | 15.0 | 15.4 | 14.9 | 15.0 | 16.5 | 14.2 | 15.6 | 16.3 |
| 2008 | 19.9 | 19.6 | 16.7 | 19.0 | 16.3 | 12.1 | 13.2 | 13.7 | 12.1 | 8.4 | 7.5 | 9.0 |
| 2007 | 19.6 | 18.1 | 18.5 | 17.2 | 17.3 | 20.2 | 18.7 | 18.5 | 21.1 | 21.4 | 23.1 | 26.5 |
| 2006 | 17.7 | 18.1 | 19.9 | 20.1 | 17.1 | 14.5 | 14.6 | 16.5 | 20.4 | 20.1 | 21.3 | 21.8 |
| 2005 | 12.9 | 14.2 | 13.8 | 13.2 | 14.4 | 13.9 | 15.3 | 15.9 | 16.6 | 14.6 | 16.2 | 17.1 |
| 2004 | 15.6 | 15.3 | 11.9 | 12.8 | 7.8 | 7.9 | 8.1 | 8.4 | 9.2 | 9.2 | 10.2 | 14.2 |
| 2003 | 11.9 | 12.1 | 11.7 | 9.3 | 11.5 | 12.4 | 11.6 | 10.5 | 11.3 | 12.3 | 12.9 | 15.7 |
| 2002 | 5.3 | 6.5 | 6.8 | 7.3 | 8.6 | 8.3 | 7.4 | 7.4 | 6.5 | 6.6 | 11.6 | 12.3 |
| 2001 | 14.8 | 12.9 | 9.7 | 8.5 | 8.6 | 8.7 | 7.1 | 6.8 | 5.9 | 6.1 | 6.0 | 5.8 |
| 2000 | 39.7 | 40.4 | 33.5 | 25.2 | 16.9 | 17.2 | 15.2 | 16.4 | 14.5 | 13.7 | 15.2 | 14.9 |
| 1999 | 13.4 | 14.6 | 18.9 | 16.5 | 17.2 | 15.5 | 17.8 | 20.1 | 22.1 | 20.8 | 28.1 | 36.6 |
Undervalued
PE < 15
Fair Value
PE 15–20
Overvalued
PE 20–25
Expensive
PE > 25