Nifty 50
- Current P/E: 20.2
- 5-Year Avg: ~23
- 5-Year Range: 18.9 – 40.7
- Valuations now much closer to the 5-year low than the peak
Nifty Midcap 150
- Current P/E: 30.1
- 5-Year Avg: ~31.8
- 5-Year Range: 21.6 – 74.8
- Earlier valuation froth has normalized, moving toward the lower end of the band
Nifty Smallcap 250
- Current P/E: 24.1
- 5-Year Avg: ~27.7
- 5-Year Range: 16.9 – 48.2
- Segment has seen the sharpest valuation correction
Market Overall
- Across segments, P/E multiples have cooled significantly
- Current valuations are below long-term averages
- Markets now trading closer to historical lows than highs