PGE Polska Grupa Energetyczna (PGE) Stock Overview
Engages in the production and distribution of electricity and heat in Poland. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for PGE from our risk checks.
PGE Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
zł32.54
FV
68.7% undervalued intrinsic discount147
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PGE Polska Grupa Energetyczna S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | zł9.99 |
| 52 Week High | zł12.75 |
| 52 Week Low | zł8.21 |
| Beta | 0.85 |
| 1 Month Change | -0.42% |
| 3 Month Change | -7.69% |
| 1 Year Change | 1.20% |
| 3 Year Change | 33.03% |
| 5 Year Change | -0.76% |
| Change since IPO | -59.95% |
Recent News & Updates
Narrative Update • Jun 13
PGE: Higher Future P/E And Leaner Margins Will Support Upside
Analysts have reduced their price target for PGE Polska Grupa Energetyczna from PLN 15.99 to PLN 14.20. This reflects updated assumptions that combine a higher projected revenue growth rate with lower expected profit margins and a higher future P/E multiple.
Narrative Update • May 30
PGE: Softer Revenue Outlook And Lower Future P/E Will Pressure Shares
Analysts have kept their PLN price target for PGE Polska Grupa Energetyczna unchanged at PLN 7.66, citing slightly softer revenue expectations, a small improvement in projected profit margin, and a modest adjustment to the assumed future P/E multiple. Valuation Changes Fair Value: PLN 7.66 is unchanged, so the core valuation anchor for the stock remains the same.Narrative Update • May 14
PGE: Softer Margins And Revenue Contraction Will Pressure Shares Further
Analysts have maintained their PLN fair value estimate for PGE Polska Grupa Energetyczna at PLN 7.66, while fine tuning assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect a slightly adjusted risk and earnings profile. Valuation Changes Fair Value: The PLN 7.66 fair value estimate is unchanged, indicating no revision to the central valuation outcome.Narrative Update • Apr 27
PGE: Weaker Revenue And Margin Outlook Will Pressure Shares
Analysts have maintained their PLN 7.66 price target for PGE Polska Grupa Energetyczna, citing a slightly lower discount rate, more conservative assumptions for revenue growth and profit margins, and a higher future P/E of 4.58x as the key inputs behind the latest update. Valuation Changes Fair Value: PLN 7.66 per share is unchanged, so the update keeps the same anchor point for the valuation.Recent updates
Narrative Update • Jun 13
PGE: Higher Future P/E And Leaner Margins Will Support Upside
Analysts have reduced their price target for PGE Polska Grupa Energetyczna from PLN 15.99 to PLN 14.20. This reflects updated assumptions that combine a higher projected revenue growth rate with lower expected profit margins and a higher future P/E multiple.Narrative Update • May 30
PGE: Softer Revenue Outlook And Lower Future P/E Will Pressure Shares
Analysts have kept their PLN price target for PGE Polska Grupa Energetyczna unchanged at PLN 7.66, citing slightly softer revenue expectations, a small improvement in projected profit margin, and a modest adjustment to the assumed future P/E multiple. Valuation Changes Fair Value: PLN 7.66 is unchanged, so the core valuation anchor for the stock remains the same.Narrative Update • May 14
PGE: Softer Margins And Revenue Contraction Will Pressure Shares Further
Analysts have maintained their PLN fair value estimate for PGE Polska Grupa Energetyczna at PLN 7.66, while fine tuning assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect a slightly adjusted risk and earnings profile. Valuation Changes Fair Value: The PLN 7.66 fair value estimate is unchanged, indicating no revision to the central valuation outcome.Narrative Update • Apr 27
PGE: Weaker Revenue And Margin Outlook Will Pressure Shares
Analysts have maintained their PLN 7.66 price target for PGE Polska Grupa Energetyczna, citing a slightly lower discount rate, more conservative assumptions for revenue growth and profit margins, and a higher future P/E of 4.58x as the key inputs behind the latest update. Valuation Changes Fair Value: PLN 7.66 per share is unchanged, so the update keeps the same anchor point for the valuation.Analysis Article • Apr 19
Is Now An Opportune Moment To Examine PGE Polska Grupa Energetyczna S.A. (WSE:PGE)?
PGE Polska Grupa Energetyczna S.A. ( WSE:PGE ), might not be a large cap stock, but it saw a double-digit share price...
Narrative Update • Apr 13
PGE: Fair Outlook Will Reflect Slightly Lower Margins And Higher Multiple
Analysts have slightly adjusted their price target for PGE Polska Grupa Energetyczna to PLN 10.57 from PLN 10.87, reflecting updated views on revenue trends, profit margins and future P/E assumptions. Valuation Changes Fair Value: Reduced slightly from PLN 10.87 to PLN 10.57.Narrative Update • Mar 30
PGE: Extraordinary Meeting And Lower Multiple Will Support Future Upside
Analysts have lowered their price target on PGE Polska Grupa Energetyczna to PLN 10.87 from PLN 11.09, reflecting updated assumptions around revenue trends, margin expectations and the forward P/E profile. What's in the News PGE Polska Grupa Energetyczna has scheduled a special or extraordinary shareholders meeting for January 28, 2026, at 12:00 Central European Standard Time, which could bring decisions on governance, capital structure, or major corporate actions (Key Developments).Narrative Update • Mar 16
PGE: Higher Margin Outlook Will Support Upside Ahead Of 2026 Shareholder Meeting
Analysts have maintained their PLN 16.00 price target for PGE Polska Grupa Energetyczna, supported by updated assumptions that reflect a slightly lower discount rate, moderately adjusted revenue growth and profit margin forecasts, and a marginally lower future P/E multiple. What's in the News PGE Polska Grupa Energetyczna has scheduled a Special or Extraordinary Shareholders Meeting for January 28, 2026, at 12:00 Central European Standard Time.Narrative Update • Mar 02
PGE: Higher Margin Outlook Will Support Upside Despite CEO Transition
Analysts have adjusted their price target for PGE Polska Grupa Energetyczna slightly lower, from PLN 16.32 to PLN 16.00. This reflects updated views on discount rates, revenue growth, profit margins and future P/E assumptions.Narrative Update • Feb 16
PGE: Leadership Upheaval And Lower Future P/E Will Pressure Shares
Analysts have raised their price target on PGE Polska Grupa Energetyczna from PLN 6.50 to PLN 7.66, citing updated assumptions on revenue trends, profitability and future P/E levels. What's in the News PGE Polska Grupa Energetyczna has scheduled a special or extraordinary shareholders meeting for January 28, 2026, at 12:00 Central European Standard Time in Poland (Key Developments).Narrative Update • Feb 01
PGE: Higher Margin Outlook Will Support Upside Despite Leadership Upheaval
Analysts have raised their price target for PGE Polska Grupa Energetyczna from €12.50 to approximately €16.32. This reflects updated assumptions that combine lower projected revenue growth, a higher profit margin profile, and a reduced future P/E multiple.Narrative Update • Jan 18
PGE: Leadership Change And Stable Assumptions Will Support Future Upside
Analysts have kept their price target for PGE Polska Grupa Energetyczna broadly stable at about €11.09 per share, citing only minor tweaks to the discount rate and future P/E assumptions rather than any major shift in their outlook. What's in the News Upcoming extraordinary shareholders meeting scheduled for January 28, 2026, at 12:00 Central European Standard Time.Narrative Update • Jan 04
PGE: Leadership Shift Will Drive Future Upside Amid Stable Earnings Outlook
Analysts have marginally raised their price target on PGE Polska Grupa Energetyczna, now seeing slightly improved upside driven by modest adjustments to discount rate assumptions and stable expectations for revenue growth, profit margins, and forward valuation multiples. What's in the News PGE has called a Special or Extraordinary Shareholders Meeting for January 28, 2026, scheduled for 12:00 Central European Standard Time, signaling potential governance or strategic decisions to be voted on by investors (Key Developments).Analysis Article • Jan 04
Here's Why PGE Polska Grupa Energetyczna (WSE:PGE) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Dec 19
PGE: Leadership Transition Will Drive Future Upside Despite Stable Risk Profile
Analysts have slightly raised their price target on PGE Polska Grupa Energetyczna, citing a modestly lower discount rate and marginally improved valuation metrics, and now see fair value at €11.09 per share compared with their previous estimate near this level. What's in the News PGE Polska Grupa Energetyczna dismissed CEO Dariusz Marzec, who had led the group since March 2024, and appointed former Tauron chief and energy sector veteran Dariusz Lubera as acting CEO for up to three months (Key Developments).Analysis Article • Dec 17
PGE Polska Grupa Energetyczna S.A. (WSE:PGE) May Have Run Too Fast Too Soon With Recent 25% Price Plummet
The PGE Polska Grupa Energetyczna S.A. ( WSE:PGE ) share price has fared very poorly over the last month, falling by a...Analysis Article • Dec 15
Calculating The Intrinsic Value Of PGE Polska Grupa Energetyczna S.A. (WSE:PGE)
Key Insights PGE Polska Grupa Energetyczna's estimated fair value is zł8.94 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Dec 05
PGE: Future Earnings Strength Will Drive Attractive Upside Despite Higher Risk
Analysts have modestly lowered their price target for PGE Polska Grupa Energetyczna, trimming estimated fair value by about €0.15 to roughly €11.09, as higher perceived risk offsets improved margin and earnings expectations. What's in the News Shareholders are scheduled to convene for a Special or Extraordinary Shareholders Meeting on December 4, 2025, at 12:00 Central European Standard Time, where key strategic and governance matters may be discussed (Key Developments) Valuation Changes The Fair Value Estimate has been reduced slightly from PLN 11.24 to PLN 11.09, reflecting a modest downgrade in intrinsic valuation.Analysis Article • Nov 24
Is Now An Opportune Moment To Examine PGE Polska Grupa Energetyczna S.A. (WSE:PGE)?
PGE Polska Grupa Energetyczna S.A. ( WSE:PGE ), might not be a large cap stock, but it saw significant share price...Narrative Update • Nov 21
PGE: Improved Profit Margins Will Offset Revenue Weakness While Shares Stay Fairly Valued
Analysts have revised their price target for PGE Polska Grupa Energetyczna to PLN 11.24. They are maintaining the previous valuation because adjustments in profit margin and discount rate were offset by a weaker outlook for revenue growth.Narrative Update • Nov 05
PGE: Profit Margins Will Improve While Share Price Remains Fairly Valued
PGE Polska Grupa Energetyczna: Analyst Price Target Rises Analysts have raised their fair value estimate for PGE Polska Grupa Energetyczna from PLN 10.43 to PLN 11.24. This change reflects expectations of improved profit margins, even though revenue growth is expected to be slower.Narrative Update • Oct 22
Analysts Reiterate PGE Polska Grupa Energetyczna Price Target Amid Stable Growth Outlook
Analysts have maintained their price target for PGE Polska Grupa Energetyczna at PLN 10.43. They cite steady expectations for revenue growth and profit margin.Narrative Update • Oct 08
Offshore Wind And Photovoltaics Investments Will Boost Operational Efficiency
Narrative Update on PGE Polska Grupa Energetyczna Analysts have raised their price target for PGE Polska Grupa Energetyczna from PLN 9.86 to PLN 10.43. They cited improved revenue growth expectations, which more than offset a slightly lower profit margin outlook.Analysis Article • Sep 30
We Think PGE Polska Grupa Energetyczna (WSE:PGE) Is Taking Some Risk With Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Sep 05
Offshore Wind And Photovoltaics Investments Will Boost Operational Efficiency
With consensus analyst projections for both revenue growth (4.0% p.a.) and future P/E (7.54x) essentially unchanged, the analyst price target for PGE Polska Grupa Energetyczna was maintained at PLN9.86. Valuation Changes Summary of Valuation Changes for PGE Polska Grupa Energetyczna The Consensus Analyst Price Target remained effectively unchanged, at PLN9.86.Analysis Article • Sep 04
A Look At The Fair Value Of PGE Polska Grupa Energetyczna S.A. (WSE:PGE)
Key Insights The projected fair value for PGE Polska Grupa Energetyczna is zł9.16 based on 2 Stage Free Cash Flow to...Analysis Article • Aug 17
PGE Polska Grupa Energetyczna S.A.'s (WSE:PGE) Share Price Matching Investor Opinion
WSE:PGE 1 Year Share Price vs Fair Value Explore PGE Polska Grupa Energetyczna's Fair Values from the Community and...Analysis Article • Jul 12
At zł11.79, Is It Time To Put PGE Polska Grupa Energetyczna S.A. (WSE:PGE) On Your Watch List?
While PGE Polska Grupa Energetyczna S.A. ( WSE:PGE ) might not have the largest market cap around , it led the WSE...Analysis Article • Jun 24
Is PGE Polska Grupa Energetyczna (WSE:PGE) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Narrative • Feb 09
Offshore Wind And Photovoltaics Investments Will Boost Operational Efficiency
Focus on renewable energy investments and modernization could increase revenue streams and improve margins through lower production costs and enhanced efficiency.New Narrative • Feb 03
PGE: Overlooked Polish Powerhouse
PGE is actively developing offshore wind farms in the Baltic Sea, aiming to achieve 2.5 GW of capacity by 2030. This initiative aligns with Poland’s broader plan to install 5.9 GW of offshore wind capShareholder Returns
| PGE | PL Electric Utilities | PL Market | |
|---|---|---|---|
| 7D | -1.9% | -0.5% | 2.2% |
| 1Y | 1.2% | 14.9% | 32.2% |
Return vs Industry: PGE underperformed the Polish Electric Utilities industry which returned 14.9% over the past year.
Return vs Market: PGE underperformed the Polish Market which returned 32.2% over the past year.
Price Volatility
| PGE volatility | |
|---|---|
| PGE Average Weekly Movement | 6.9% |
| Electric Utilities Industry Average Movement | 6.5% |
| Market Average Movement | 5.3% |
| 10% most volatile stocks in PL Market | 11.0% |
| 10% least volatile stocks in PL Market | 3.1% |
Stable Share Price: PGE has not had significant price volatility in the past 3 months compared to the Polish market.
Volatility Over Time: PGE's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 40,148 | Dariusz Lubera | www.gkpge.pl |
PGE Polska Grupa Energetyczna S.A. engages in the production and distribution of electricity and heat in Poland. It operates through Renewables, Gas-fired Generation, Coal Energy, District Heating, Distribution, Railway Energy Services, Supply, and Other Activities segments. The Renewables segment engages in generation of electricity in pumped-storage power plants and from renewable sources.
PGE Polska Grupa Energetyczna S.A. Fundamentals Summary
| PGE fundamental statistics | |
|---|---|
| Market cap | zł22.41b |
| Earnings (TTM) | -zł3.97b |
| Revenue (TTM) | zł61.72b |
0.4x
P/S Ratio-5.6x
P/E RatioIs PGE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PGE income statement (TTM) | |
|---|---|
| Revenue | zł61.72b |
| Cost of Revenue | zł50.44b |
| Gross Profit | zł11.28b |
| Other Expenses | zł15.26b |
| Earnings | -zł3.97b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Sep 15, 2026
| Earnings per share (EPS) | -1.77 |
| Gross Margin | 18.28% |
| Net Profit Margin | -6.44% |
| Debt/Equity Ratio | 29.5% |
How did PGE perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 16:59 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PGE Polska Grupa Energetyczna S.A. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Deepa Venkateswaran | Bernstein |
| Bartlomiej Kubicki | Bernstein |
| Beata Szparaga-Wasniewska | Biuro maklerskie mBanku |