Data to 5 October 2026

Is the market expensive?

Nifty 500 CAPE

31.2
times 10-year real earnings, 5 Oct 2026

Above its usual range of 17.3 to 31.1. The record is 41.8, in September 2024. Down from 36.4 a year ago.

201020152020202510.015.020.025.035.040.045.041.8, Sept 2024usual range, 17.3 to 31.131.2201020152020202510.015.020.025.035.040.045.041.8, Sept 2024usual range, 17.3 to 31.131.2201020152020202510.015.020.025.035.040.045.041.8, Sept 202412.1, Sept 2013usual range, 17.3 to 31.131.220102012201420162018202020222024202610.015.020.025.035.040.045.041.8, Sept 202412.1, Sept 2013usual range, 17.3 to 31.131.2

What it is. The Nifty 500's price against ten years of inflation-adjusted earnings.

How to read it. The decade view of the broad market. Read it next to the Nifty 50's CAPE: a widening gap means smaller companies have become dearer relative to large ones.

Source: NSE Indices published PE, PB and dividend yield Method Data

The numbers

Latest31.25 Oct 2026
A week ago31.7
A month ago33.2
A year ago36.4
Usual range17.3 to 31.1
Median22.0
Lowest12.13 Sept 2013
Highest41.826 Sept 2024
Percentile, full history75
Percentile, last 5 years16

The usual range is the middle half of readings since 2009. A percentile is the share of the 4,398 readings since 1 Jan 2009 that were below today's. Data: statistics, history (JSON); history as CSV.

To cite: tipsheet, “Nifty 500 CAPE”, data to 5 Oct 2026, https://tipsheet.markets/i/nifty-500-cape/

Read it with

Nifty 500 P/E 21.7usual
Nifty 50 CAPE 25.5usual
Nifty 50 P/E 19.3usual

the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.