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Nifty Midsmallcap 400 — P/E Ratio, Valuation & Returns

As of 06 November 2026, the Nifty Midsmallcap 400 index is at 20,489.75, down 0.35% on the day. It trades at a P/E ratio of 29.26 — in the middle of its 5-year range (20.6–40.5, average 29.3), i.e. close to its historical norm at the 45th percentile. Price-to-book stands at 3.70 with a dividend yield of 0.90%. The index is 5.9% below its 52-week high of 21,770.30 and 17.8% above its 52-week low of 17,390.85. Over the last year it has gained 1.6%.

As of 06 Nov 2026, 17:23 IST NSE NSE Broad Market Daily history since Jan 2019 (1,937 sessions)
20,489.75
Close
-0.35%
Day change
29.26
P/E ratio · 45th pctile
3.70
P/B ratio
0.90%
Dividend yield

📋 Nifty Midsmallcap 400 — today's data

06 Nov 2026, 17:23 IST
Open / High / Low 20,435.8520,497.3520,223.70
Close / Prev. close / Change 20,489.7520,562.30 -72.55 pts (-0.35%)
52-week high / low 21,770.30 (-5.9%) 17,390.85 (+17.8%)
High / low since 2019 21,689.803,744.75
Advances / Declines / Unchanged 151 244 6

⚖️ Valuation vs own history

percentile = share of past sessions with a LOWER value
RatioCurrentAvgRangePercentile
P/E ratio 29.26 29.33 20.57–40.54 45th
P/B ratio 3.70 4.00 2.70–5.23 32th
Dividend yield 0.90% 0.90% 0.57–1.30 57th
A high P/E percentile means the index is expensive versus its own past; for dividend yield it is the opposite — a high percentile means a fatter yield than usual.

📈 Returns

close-to-close; 3Y/5Y also annualised
1W1M3M6M1Y3Y5Y
+5.1% +0.2% -4.9% -1.6% +1.6% +45.2%
+13.2% p.a.		 +86.1%
+13.2% p.a.

📉 Nifty Midsmallcap 400 — index level history

🧮 P/E ratio history

avg 29.3 shown dashed

📚 P/B ratio history

💰 Dividend yield history

Compare with every other index on the index valuation dashboard.
❓ Nifty Midsmallcap 400 — FAQ
What is the current P/E ratio of Nifty Midsmallcap 400?
As of 06 November 2026, the Nifty Midsmallcap 400 P/E ratio is 29.26. Its 5-year average is 29.3, so the current multiple sits at the 45th percentile of its own history.
Is Nifty Midsmallcap 400 overvalued right now?
On pure valuation-vs-history: the current P/E is at the 45th percentile of the last 5 years — close to its historical norm. Valuation alone doesn't time markets; earnings growth and rates matter as much.
What are the 52-week high and low of Nifty Midsmallcap 400?
52-week high 21,770.30 and 52-week low 17,390.85; the index currently trades 5.9% below that high.
Where does this data come from?
NSE's official published index data, with history back to 2019 for the charts. This is market data for research, not investment advice.

Source & methodology: all figures are NSE's official published index data — live levels while the market is open, and end-of-day history since 2019. Index P/E, P/B and dividend yield are the exchange's aggregate constituent ratios. Returns are close-to-close and not total-return (dividends excluded). Educational market data, not investment advice. Consult a SEBI-registered adviser before investing.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI