CEZ a. s (SEP:CEZ) Shareholders Will Want The ROCE Trajectory To Continue
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Czech (PX) Market Analysis & Valuation
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies26
- 7D3.9%
- 3M1.2%
- 1Y20.6%
- YTD-1.3%
The market has climbed 3.9% in the last 7 days, lead by the Utilities sector with a gain of 3.4%. Meanwhile, the Information Technology sector has underperformed, shrinking 7.3% in that time. As for the past 12 months, the market is up 21%. Earnings are forecast to grow by 5.2% annually.
Market Valuation and Performance
Has the Czech Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | Kč1.1t | Kč463.3b | Kč61.1b | 20.5x | 18.8x | 2.5x |
| Sat, 27 Dec 2025 | Kč1.2t | Kč463.3b | Kč61.1b | 20.6x | 19x | 2.5x |
| Mon, 24 Nov 2025 | Kč1.1t | Kč463.5b | Kč61.1b | 22x | 18.7x | 2.5x |
| Wed, 22 Oct 2025 | Kč1.1t | Kč472.7b | Kč58.6b | 22.8x | 19.2x | 2.4x |
| Fri, 19 Sep 2025 | Kč1.1t | Kč472.9b | Kč58.8b | 20.5x | 18.7x | 2.3x |
| Sun, 17 Aug 2025 | Kč1.1t | Kč473.1b | Kč58.9b | 18x | 18.3x | 2.3x |
| Tue, 15 Jul 2025 | Kč1.1t | Kč472.0b | Kč61.2b | 17.4x | 17.3x | 2.2x |
| Thu, 12 Jun 2025 | Kč1.0t | Kč469.3b | Kč61.6b | 17.3x | 16.9x | 2.2x |
| Sat, 10 May 2025 | Kč1.0t | Kč461.2b | Kč62.1b | 15.6x | 16.8x | 2.3x |
| Mon, 07 Apr 2025 | Kč980.6b | Kč459.7b | Kč60.5b | 14.6x | 16.2x | 2.1x |
| Wed, 05 Mar 2025 | Kč936.7b | Kč450.2b | Kč53.2b | 14.1x | 17.6x | 2.1x |
| Fri, 31 Jan 2025 | Kč935.8b | Kč442.3b | Kč50.9b | 13.6x | 18.4x | 2.1x |
| Sun, 29 Dec 2024 | Kč847.4b | Kč443.2b | Kč51.1b | 13.2x | 16.6x | 1.9x |
| Tue, 26 Nov 2024 | Kč844.3b | Kč443.2b | Kč51.1b | 12.7x | 16.5x | 1.9x |
| Thu, 24 Oct 2024 | Kč803.6b | Kč435.6b | Kč54.6b | 13.2x | 14.7x | 1.8x |
| Sat, 21 Sep 2024 | Kč773.4b | Kč433.8b | Kč54.2b | 13.2x | 14.3x | 1.8x |
| Mon, 19 Aug 2024 | Kč781.8b | Kč431.3b | Kč54.3b | 13.5x | 14.4x | 1.8x |
| Wed, 17 Jul 2024 | Kč796.3b | Kč432.9b | Kč59.1b | 13.3x | 13.5x | 1.8x |
| Fri, 14 Jun 2024 | Kč793.9b | Kč432.9b | Kč58.9b | 12.8x | 13.5x | 1.8x |
| Sun, 12 May 2024 | Kč778.2b | Kč438.1b | Kč56.6b | 12.2x | 13.8x | 1.8x |
| Tue, 09 Apr 2024 | Kč756.7b | Kč438.2b | Kč57.3b | 12.9x | 13.2x | 1.7x |
| Thu, 07 Mar 2024 | Kč746.8b | Kč421.0b | Kč86.3b | 11.8x | 8.7x | 1.8x |
| Sat, 03 Feb 2024 | Kč757.7b | Kč422.6b | Kč87.4b | 11.4x | 8.7x | 1.8x |
| Mon, 01 Jan 2024 | Kč792.3b | Kč420.1b | Kč87.5b | 11.5x | 9.1x | 1.9x |
| Wed, 29 Nov 2023 | Kč786.2b | Kč420.1b | Kč87.5b | 11.5x | 9x | 1.9x |
| Fri, 27 Oct 2023 | Kč801.8b | Kč423.7b | Kč98.3b | 11.5x | 8.2x | 1.9x |
| Sun, 24 Sep 2023 | Kč788.1b | Kč423.8b | Kč98.2b | 21.1x | 8x | 1.9x |
| Tue, 22 Aug 2023 | Kč783.9b | Kč421.6b | Kč98.3b | 16.4x | 8x | 1.9x |
| Thu, 20 Jul 2023 | Kč753.9b | Kč400.4b | Kč94.4b | 11.8x | 8x | 1.9x |
| Sat, 17 Jun 2023 | Kč821.9b | Kč400.5b | Kč94.2b | 10.3x | 8.7x | 2.1x |
| Mon, 15 May 2023 | Kč905.8b | Kč400.1b | Kč94.2b | 10.3x | 9.6x | 2.3x |
| Wed, 12 Apr 2023 | Kč905.9b | Kč381.3b | Kč110.1b | 10.4x | 8.2x | 2.4x |
| Fri, 10 Mar 2023 | Kč815.0b | Kč374.8b | Kč84.0b | 12x | 9.7x | 2.2x |
| Sun, 05 Feb 2023 | Kč767.7b | Kč372.4b | Kč83.5b | 10.7x | 9.2x | 2.1x |
Price to Earnings Ratio
9.2x
Current Market PE
- Investors are optimistic on the Czech market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 13.4x.
Past Earnings Growth
- The earnings for Czech listed companies have declined 9.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Czech Market?
| CZ Market | 3.88% | |
| Industrials | 5.02% | |
| Financials | 4.95% | |
| Utilities | 3.39% | |
| Consumer Staples | 2.12% | |
| Materials | 1.70% | |
| Consumer Discretionary | 1.18% | |
| Real Estate | 0% | 0 |
| Telecom | 0% | 0 |
| Tech | -7.33% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 101x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 9.3% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| KOMB Komercní banka | Kč1.25k | 1.6% +Kč3.8b | 38.1% | PB1.9x | Financials | |
| CZG Colt CZ Group | Kč816.00 | 4.5% +Kč2.2b | 14.1% | PE30.7x | Industrials | |
| MONET MONETA Money Bank | Kč203.00 | 1.9% +Kč1.9b | 47.1% | PB3.3x | Financials | |
| TABAK Philip Morris CR | Kč20.15k | 2.0% +Kč1.1b | 17.0% | PE17.9x | Consumer Staples | |
| GEV GEVORKYAN s.r.o | Kč240.00 | 1.7% +Kč66.6m | -7.0% | PE42.6x | Materials |
