Nifty 200 PE Ratio

Fairly ValuedBroad MarketNSELast updated: 21 Jul 2026

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Current PE Ratio

21.71

5Y Median PE

23.25

vs 5Y Median

-6.62%

The Nifty 200 PE ratio is 21.71 as of 21 July 2026, about 7% below its 5-year median of 23.25, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

Period	Median PE	Current vs Median
Full history	23.36	-7.06%
15 Years	23.37	-7.10%
10 Years	25.26	-14.05%
7 Years	23.72	-8.47%
5 Years	23.25	-6.62%
3 Years	23.44	-7.38%
1 Year	22.96	-5.44%

Historical PE Ratio

Performance and risk

1Y total return

-2.19%

5Y total return (p.a.)

+11.81%

Volatility (1Y std dev)

13.81%

Beta vs Nifty 50 (1Y)

1.04

1-year holding windows since 2004 returned a median of +13.17% (best +114.10%, worst -59.41%).

Today's PE of 21.91 sits in band 2 of 5 of this index's history (PE 20.0 to 22.7). From this band, 5-year forward returns had a median of +10.71% a year and were positive in 100% of windows (351 windows since 2011).

View full performance and risk

Returns as of June 2026, from the NSE factsheet for the Nifty 200. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty 200

The Nifty 200 contains 200 constituents. Its largest sectors by weight are Financial Services (33.1%) and Oil, Gas & Consumable Fuels (7.8%).

Financial Services: 33.1%Oil, Gas & Consumable Fuels: 7.8%Automobile and Auto Components: 6.8%Capital Goods: 6.5%Healthcare: 6.2%Information Technology: 6.0%+12 more sectors

Symbol	Company	Industry	Weight(%)
HDFCBANK	HDFC Bank Ltd.	Financial Services	7.31
ICICIBANK	ICICI Bank Ltd.	Financial Services	5.89
RELIANCE	Reliance Industries Ltd.	Oil Gas & Consumable Fuels	5.23
BHARTIARTL	Bharti Airtel Ltd.	Telecommunication	3.37
LT	Larsen & Toubro Ltd.	Construction	2.90
SBIN	State Bank of India	Financial Services	2.54
AXISBANK	Axis Bank Ltd.	Financial Services	2.31
INFY	Infosys Ltd.	Information Technology	2.10
KOTAKBANK	Kotak Mahindra Bank Ltd.	Financial Services	1.73
ITC	ITC Ltd.	Fast Moving Consumer Goods	1.65
360ONE	360 ONE WAM Ltd.	Financial Services
ABB	ABB India Ltd.	Capital Goods
APLAPOLLO	APL Apollo Tubes Ltd.	Capital Goods
AUBANK	AU Small Finance Bank Ltd.	Financial Services
ADANIENSOL	Adani Energy Solutions Ltd.	Power
ADANIENT	Adani Enterprises Ltd.	Metals & Mining
ADANIGREEN	Adani Green Energy Ltd.	Power
ADANIPORTS	Adani Ports and Special Economic Zone Ltd.	Services
ADANIPOWER	Adani Power Ltd.	Power
ATGL	Adani Total Gas Ltd.	Oil Gas & Consumable Fuels
ABCAPITAL	Aditya Birla Capital Ltd.	Financial Services
ALKEM	Alkem Laboratories Ltd.	Healthcare
AMBUJACEM	Ambuja Cements Ltd.	Construction Materials
APOLLOHOSP	Apollo Hospitals Enterprise Ltd.	Healthcare
ASHOKLEY	Ashok Leyland Ltd.	Capital Goods
ASIANPAINT	Asian Paints Ltd.	Consumer Durables
ASTRAL	Astral Ltd.	Capital Goods
AUROPHARMA	Aurobindo Pharma Ltd.	Healthcare
DMART	Avenue Supermarts Ltd.	Consumer Services
BSE	BSE Ltd.	Financial Services
BAJAJ-AUTO	Bajaj Auto Ltd.	Automobile and Auto Components
BAJFINANCE	Bajaj Finance Ltd.	Financial Services
BAJAJFINSV	Bajaj Finserv Ltd.	Financial Services
BAJAJHLDNG	Bajaj Holdings & Investment Ltd.	Financial Services
BANKBARODA	Bank of Baroda	Financial Services
BANKINDIA	Bank of India	Financial Services
BDL	Bharat Dynamics Ltd.	Capital Goods
BEL	Bharat Electronics Ltd.	Capital Goods
BHARATFORG	Bharat Forge Ltd.	Automobile and Auto Components
BHEL	Bharat Heavy Electricals Ltd.	Capital Goods
BPCL	Bharat Petroleum Corporation Ltd.	Oil Gas & Consumable Fuels
GROWW	Billionbrains Garage Ventures Ltd.	Financial Services
BIOCON	Biocon Ltd.	Healthcare
BLUESTARCO	Blue Star Ltd.	Consumer Durables
BOSCHLTD	Bosch Ltd.	Automobile and Auto Components
BRITANNIA	Britannia Industries Ltd.	Fast Moving Consumer Goods
CGPOWER	CG Power and Industrial Solutions Ltd.	Capital Goods
CANBK	Canara Bank	Financial Services
CHOLAFIN	Cholamandalam Investment and Finance Company Ltd.	Financial Services
CIPLA	Cipla Ltd.	Healthcare
COALINDIA	Coal India Ltd.	Oil Gas & Consumable Fuels
COCHINSHIP	Cochin Shipyard Ltd.	Capital Goods
COFORGE	Coforge Ltd.	Information Technology
COLPAL	Colgate Palmolive (India) Ltd.	Fast Moving Consumer Goods
CONCOR	Container Corporation of India Ltd.	Services
COROMANDEL	Coromandel International Ltd.	Chemicals
CUMMINSIND	Cummins India Ltd.	Capital Goods
DLF	DLF Ltd.	Realty
DABUR	Dabur India Ltd.	Fast Moving Consumer Goods
DIVISLAB	Divi's Laboratories Ltd.	Healthcare
DIXON	Dixon Technologies (India) Ltd.	Consumer Durables
DRREDDY	Dr. Reddy's Laboratories Ltd.	Healthcare
EICHERMOT	Eicher Motors Ltd.	Automobile and Auto Components
ETERNAL	Eternal Ltd.	Consumer Services
EXIDEIND	Exide Industries Ltd.	Automobile and Auto Components
NYKAA	FSN E-Commerce Ventures Ltd.	Consumer Services
FEDERALBNK	Federal Bank Ltd.	Financial Services
FORTIS	Fortis Healthcare Ltd.	Healthcare
GAIL	GAIL (India) Ltd.	Oil Gas & Consumable Fuels
GVT&D	GE Vernova T&D India Ltd.	Capital Goods
GMRAIRPORT	GMR Airports Ltd.	Services
GLENMARK	Glenmark Pharmaceuticals Ltd.	Healthcare
GODFRYPHLP	Godfrey Phillips India Ltd.	Fast Moving Consumer Goods
GODREJCP	Godrej Consumer Products Ltd.	Fast Moving Consumer Goods
GODREJPROP	Godrej Properties Ltd.	Realty
GRASIM	Grasim Industries Ltd.	Construction Materials
HCLTECH	HCL Technologies Ltd.	Information Technology
HDFCAMC	HDFC Asset Management Company Ltd.	Financial Services
HDFCLIFE	HDFC Life Insurance Company Ltd.	Financial Services
HAVELLS	Havells India Ltd.	Consumer Durables
HEROMOTOCO	Hero MotoCorp Ltd.	Automobile and Auto Components
HINDALCO	Hindalco Industries Ltd.	Metals & Mining
HAL	Hindustan Aeronautics Ltd.	Capital Goods
HINDPETRO	Hindustan Petroleum Corporation Ltd.	Oil Gas & Consumable Fuels
HINDUNILVR	Hindustan Unilever Ltd.	Fast Moving Consumer Goods
HINDZINC	Hindustan Zinc Ltd.	Metals & Mining
POWERINDIA	Hitachi Energy India Ltd.	Capital Goods
HUDCO	Housing & Urban Development Corporation Ltd.	Financial Services
HYUNDAI	Hyundai Motor India Ltd.	Automobile and Auto Components
ICICIGI	ICICI Lombard General Insurance Company Ltd.	Financial Services
ICICIAMC	ICICI Prudential Asset Management Company Ltd.	Financial Services
IDFCFIRSTB	IDFC First Bank Ltd.	Financial Services
INDIANB	Indian Bank	Financial Services
INDHOTEL	Indian Hotels Co. Ltd.	Consumer Services
IOC	Indian Oil Corporation Ltd.	Oil Gas & Consumable Fuels
IRCTC	Indian Railway Catering And Tourism Corporation Ltd.	Consumer Services
IRFC	Indian Railway Finance Corporation Ltd.	Financial Services
IREDA	Indian Renewable Energy Development Agency Ltd.	Financial Services
INDUSTOWER	Indus Towers Ltd.	Telecommunication
INDUSINDBK	IndusInd Bank Ltd.	Financial Services
NAUKRI	Info Edge (India) Ltd.	Consumer Services
INDIGO	InterGlobe Aviation Ltd.	Services
JSWENERGY	JSW Energy Ltd.	Power
JSWSTEEL	JSW Steel Ltd.	Metals & Mining
JINDALSTEL	Jindal Steel Ltd.	Metals & Mining
JIOFIN	Jio Financial Services Ltd.	Financial Services
JUBLFOOD	Jubilant Foodworks Ltd.	Consumer Services
KEI	KEI Industries Ltd.	Capital Goods
KPITTECH	KPIT Technologies Ltd.	Information Technology
KALYANKJIL	Kalyan Jewellers India Ltd.	Consumer Durables
LTF	L&T Finance Ltd.	Financial Services
LGEINDIA	LG Electronics India Ltd.	Consumer Durables
LICHSGFIN	LIC Housing Finance Ltd.	Financial Services
LTM	LTM Ltd.	Information Technology
LAURUSLABS	Laurus Labs Ltd.	Healthcare
LENSKART	Lenskart Solutions Ltd.	Consumer Services
LODHA	Lodha Developers Ltd.	Realty
LUPIN	Lupin Ltd.	Healthcare
MRF	MRF Ltd.	Automobile and Auto Components
M&MFIN	Mahindra & Mahindra Financial Services Ltd.	Financial Services
M&M	Mahindra & Mahindra Ltd.	Automobile and Auto Components
MANKIND	Mankind Pharma Ltd.	Healthcare
MARICO	Marico Ltd.	Fast Moving Consumer Goods
MARUTI	Maruti Suzuki India Ltd.	Automobile and Auto Components
MFSL	Max Financial Services Ltd.	Financial Services
MAXHEALTH	Max Healthcare Institute Ltd.	Healthcare
MAZDOCK	Mazagoan Dock Shipbuilders Ltd.	Capital Goods
MOTILALOFS	Motilal Oswal Financial Services Ltd.	Financial Services
MPHASIS	MphasiS Ltd.	Information Technology
MCX	Multi Commodity Exchange of India Ltd.	Financial Services
MUTHOOTFIN	Muthoot Finance Ltd.	Financial Services
NHPC	NHPC Ltd.	Power
NMDC	NMDC Ltd.	Metals & Mining
NTPC	NTPC Ltd.	Power
NATIONALUM	National Aluminium Co. Ltd.	Metals & Mining
NESTLEIND	Nestle India Ltd.	Fast Moving Consumer Goods
OBEROIRLTY	Oberoi Realty Ltd.	Realty
ONGC	Oil & Natural Gas Corporation Ltd.	Oil Gas & Consumable Fuels
OIL	Oil India Ltd.	Oil Gas & Consumable Fuels
PAYTM	One 97 Communications Ltd.	Financial Services
OFSS	Oracle Financial Services Software Ltd.	Information Technology
POLICYBZR	PB Fintech Ltd.	Financial Services
PIIND	PI Industries Ltd.	Chemicals
PAGEIND	Page Industries Ltd.	Textiles
PATANJALI	Patanjali Foods Ltd.	Fast Moving Consumer Goods
PERSISTENT	Persistent Systems Ltd.	Information Technology
PHOENIXLTD	Phoenix Mills Ltd.	Realty
PIDILITIND	Pidilite Industries Ltd.	Chemicals
POLYCAB	Polycab India Ltd.	Capital Goods
PFC	Power Finance Corporation Ltd.	Financial Services
POWERGRID	Power Grid Corporation of India Ltd.	Power
PREMIERENE	Premier Energies Ltd.	Capital Goods
PRESTIGE	Prestige Estates Projects Ltd.	Realty
PNB	Punjab National Bank	Financial Services
RECLTD	REC Ltd.	Financial Services
RADICO	Radico Khaitan Ltd	Fast Moving Consumer Goods
RVNL	Rail Vikas Nigam Ltd.	Construction
SBICARD	SBI Cards and Payment Services Ltd.	Financial Services
SBILIFE	SBI Life Insurance Company Ltd.	Financial Services
SRF	SRF Ltd.	Chemicals
MOTHERSON	Samvardhana Motherson International Ltd.	Automobile and Auto Components
SHREECEM	Shree Cement Ltd.	Construction Materials
SHRIRAMFIN	Shriram Finance Ltd.	Financial Services
ENRIN	Siemens Energy India Ltd.	Capital Goods
SIEMENS	Siemens Ltd.	Capital Goods
SOLARINDS	Solar Industries India Ltd.	Chemicals
SAIL	Steel Authority of India Ltd.	Metals & Mining
SUNPHARMA	Sun Pharmaceutical Industries Ltd.	Healthcare
SUPREMEIND	Supreme Industries Ltd.	Capital Goods
SUZLON	Suzlon Energy Ltd.	Capital Goods
SWIGGY	Swiggy Ltd.	Consumer Services
TVSMOTOR	TVS Motor Company Ltd.	Automobile and Auto Components
TATACAP	Tata Capital Ltd.	Financial Services
TATACOMM	Tata Communications Ltd.	Telecommunication
TCS	Tata Consultancy Services Ltd.	Information Technology
TATACONSUM	Tata Consumer Products Ltd.	Fast Moving Consumer Goods
TATAELXSI	Tata Elxsi Ltd.	Information Technology
TATAINVEST	Tata Investment Corporation Ltd.	Financial Services
TMCV	Tata Motors Ltd.	Capital Goods
TMPV	Tata Motors Passenger Vehicles Ltd.	Automobile and Auto Components
TATAPOWER	Tata Power Co. Ltd.	Power
TATASTEEL	Tata Steel Ltd.	Metals & Mining
TECHM	Tech Mahindra Ltd.	Information Technology
TITAN	Titan Company Ltd.	Consumer Durables
TORNTPHARM	Torrent Pharmaceuticals Ltd.	Healthcare
TRENT	Trent Ltd.	Consumer Services
TIINDIA	Tube Investments of India Ltd.	Automobile and Auto Components
UPL	UPL Ltd.	Chemicals
ULTRACEMCO	UltraTech Cement Ltd.	Construction Materials
UNIONBANK	Union Bank of India	Financial Services
UNITDSPR	United Spirits Ltd.	Fast Moving Consumer Goods
VBL	Varun Beverages Ltd.	Fast Moving Consumer Goods
VEDL	Vedanta Ltd.	Metals & Mining
VMM	Vishal Mega Mart Ltd.	Consumer Services
IDEA	Vodafone Idea Ltd.	Telecommunication
VOLTAS	Voltas Ltd.	Consumer Durables
WAAREEENER	Waaree Energies Ltd.	Capital Goods
WIPRO	Wipro Ltd.	Information Technology
YESBANK	Yes Bank Ltd.	Financial Services
ZYDUSLIFE	Zydus Lifesciences Ltd.	Healthcare

Constituent list as of 13 July 2026, sourced from NSE Indices. Weights as of 30 June 2026, from the NSE factsheet.

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Frequently Asked Questions

What is the current Nifty 200 PE ratio?

As of 21 July 2026, the Nifty 200 PE ratio is 21.71. That is about 7% below its 5-year median of 23.25 and about 5% below its 1-year median of 22.96.

Is the Nifty 200 undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 21.71 sits below every median window: 1-year (22.96), 3-year (23.44), 5-year (23.25), 7-year (23.72), 10-year (25.26), 15-year (23.37) and full-history (23.36).

What is a normal PE ratio for the Nifty 200?

Over the past five years its median PE has been 23.25, and over the past three years 23.44. Today's 21.71 is toward the lower end of that historical range.

How many stocks are in the Nifty 200?

The Nifty 200 contains 200 stocks. By number of companies, its largest sectors are Financial Services (48 stocks), Capital Goods (23 stocks) and Healthcare (16 stocks).

What returns has the Nifty 200 delivered?

As of June 2026, the Nifty 200 total return (with dividends reinvested) is -2.19% over the past year and +11.81% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.

How volatile is the Nifty 200?

Over the year to June 2026, the Nifty 200 had an annualized volatility (standard deviation of daily returns) of 13.81%. Its beta versus the Nifty 50 is 1.04, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the Nifty 200?

Across every one-year holding window since 2004, the Nifty 200 total return has a median of +13.17%, with the best window at +114.10% and the worst at -59.41%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

What have 5-year returns been from PE levels like today's?

The Nifty 200 currently trades at a PE of 21.91, in band 2 of 5 of its own PE history. Across 351 overlapping 5-year windows since 2011 that began in this band, the median forward return was +10.71% a year, positive in 100% of windows. A past distribution, not a prediction.

Last updated: 21 July 2026.