The historical highest and lowest Price-to-Earnings (PE) ratios for the Nifty 50 and Nifty 500 indices over the trailing 1, 3, 5, and 10-year horizons are outlined below. [1, 2] 

Note: The historical bands reflect the modern consolidated trailing twelve-month (TTM) earnings framework adopted officially by the [National Stock Exchange of India (NSE)](https://www.nseindia.com/). Pre-2021 standalone figures that spiked as high as 42 during the pandemic are normalized here to their factual consolidated equivalents (peaking around ~33). [3, 4] 

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## 📊 Historical PE Range Comparison

| Index / Time Horizon | 1-Year Range (2025–2026) | 3-Year Range (2023–2026) | 5-Year Range (2021–2026) | 10-Year Range (2016–2026) |

|---|---|---|---|---|

| Nifty 50 (Current: 19.56) | Lowest: 19.50 Highest: 22.80 | Lowest: 19.50 Highest: 23.40 | Lowest: 18.90 Highest: 28.20 | Lowest: 17.15 Highest: 33.20 |

| Nifty 500 (Current: 21.90) | Lowest: 21.80 Highest: 25.10 | Lowest: 20.20 Highest: 26.90 | Lowest: 19.60 Highest: 31.40 | Lowest: 18.10 Highest: 35.60 |

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## 💡 Key Takeaways from the Data

* 

* 📉 Multi-Year Lows: At 19.56, the [Nifty 50](https://www.nseindia.com/index-tracker/NIFTY%2050) is currently trading right at its 3-year absolute low and very close to its 5-year floor (~18.90). This valuation shift is largely driven by robust corporate earnings growth catching up with stock prices during recent market consolidations. [5, 6] 

* 📊 Broad Market vs. Large Caps: The [Nifty 500](https://www.nseindia.com/index-tracker/NIFTY%20500) peaked significantly higher over the 3-year cycle compared to the Nifty 50. This reveals the massive premium mid-cap and small-cap stocks held during the recent multi-year domestic broader market rally. [1] 

* 🔎 Historical Peaks: The absolute 10-year peaks for both indexes occurred during the post-pandemic liquidity surge of late 2020 / early 2021. Present levels are roughly 35% lower than those historic valuation ceilings, pointing to a healthier, less speculative equity landscape. [3] 

* 

[1] [https://indexpe.in](https://indexpe.in/nifty-500)

[2] [https://indexpe.in](https://indexpe.in/nifty-50)

[3] https://nifty-pe-ratio.com

[4] https://nifty-pe-ratio.com

[5] [https://trendlyne.com](https://trendlyne.com/equity/PE/NIFTY/1887/nifty-50-price-to-earning-ratios/)

[6] [https://www.bajajamc.com](https://www.bajajamc.com/knowledge-c

entre/what-is-nifty-50-pe-ratio)