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Polish (WIG) Market Analysis & Valuation

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies633
  • 7D0.8%
  • 3M6.0%
  • 1Y34.5%
  • YTD31.4%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 5.4% in that time. More promisingly, the market is up 34% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

Has the Polish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Nov 2025zł1.1tzł1.2tzł58.8b12.3x18.1x0.9x
Mon, 27 Oct 2025zł1.1tzł1.2tzł55.3b13.3x19.5x0.9x
Wed, 24 Sep 2025zł1.0tzł1.2tzł49.8b13.3x20.7x0.9x
Fri, 22 Aug 2025zł1.1tzł1.2tzł55.7b12.7x19.6x0.9x
Sun, 20 Jul 2025zł1.1tzł1.2tzł54.2b13.1x19.8x0.9x
Tue, 17 Jun 2025zł992.2bzł1.2tzł53.9b12.9x18.4x0.8x
Thu, 15 May 2025zł1.0tzł1.4tzł47.6b13.3x21.7x0.7x
Sat, 12 Apr 2025zł925.4bzł1.2tzł48.3b12.2x19.1x0.8x
Mon, 10 Mar 2025zł950.3bzł1.2tzł48.0b12.6x19.8x0.8x
Wed, 05 Feb 2025zł870.8bzł1.2tzł42.8b11.9x20.3x0.7x
Fri, 03 Jan 2025zł819.0bzł1.2tzł42.9b11.2x19.1x0.7x
Sun, 01 Dec 2024zł803.3bzł1.2tzł45.1b11.1x17.8x0.7x
Tue, 29 Oct 2024zł820.5bzł1.2tzł53.6b11.7x15.3x0.7x
Thu, 26 Sep 2024zł829.6bzł1.2tzł53.8b12.1x15.4x0.7x
Sat, 24 Aug 2024zł845.5bzł1.2tzł54.8b11.7x15.4x0.7x
Mon, 22 Jul 2024zł871.2bzł1.2tzł58.1b12.2x15x0.7x
Wed, 19 Jun 2024zł865.5bzł1.2tzł58.2b12.3x14.9x0.7x
Fri, 17 May 2024zł898.6bzł1.3tzł67.2b12.4x13.4x0.7x
Sun, 14 Apr 2024zł871.7bzł1.3tzł78.2b12.4x11.2x0.7x
Tue, 12 Mar 2024zł849.0bzł1.3tzł84.9b12.6x10x0.7x
Thu, 08 Feb 2024zł839.0bzł1.3tzł90.4b12.7x9.3x0.7x
Sat, 06 Jan 2024zł822.2bzł1.3tzł90.6b12.7x9.1x0.6x
Mon, 04 Dec 2023zł816.8bzł1.3tzł92.0b12.5x8.9x0.6x
Wed, 01 Nov 2023zł766.3bzł1.3tzł86.7b11.8x8.8x0.6x
Fri, 29 Sep 2023zł693.9bzł1.3tzł89.3b12.2x7.8x0.6x
Sun, 27 Aug 2023zł734.6bzł1.2tzł91.7b12.5x8x0.6x
Tue, 25 Jul 2023zł785.3bzł1.2tzł92.8b13.2x8.5x0.6x
Thu, 22 Jun 2023zł742.7bzł1.2tzł92.9b12.7x8x0.6x
Sat, 20 May 2023zł724.4bzł1.1tzł88.3b12.2x8.2x0.6x
Mon, 17 Apr 2023zł686.0bzł1.1tzł88.6b11.6x7.7x0.6x
Wed, 15 Mar 2023zł655.7bzł1.1tzł94.5b11.2x6.9x0.6x
Fri, 10 Feb 2023zł685.8bzł1.0tzł78.4b10.7x8.7x0.7x
Sun, 08 Jan 2023zł673.8bzł1.0tzł76.8b10.4x8.8x0.6x
Tue, 06 Dec 2022zł640.7bzł1.0tzł77.6b10.4x8.3x0.6x
Price to Earnings Ratio

8.3x


Total Market Cap: zł640.7bTotal Earnings: zł77.6bTotal Revenue: zł1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 13.4x202320242025
Current Market PE
  • Investors are optimistic on the Polish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 18.1x which is higher than its 3-year average PE of 13.4x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% 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 Polish Market?

PL Market0.77%
Telecom5.39%
Industrials3.40%
Materials3.34%
Financials2.46%
Consumer Discretionary2.13%
Tech1.56%
Healthcare1.47%
Consumer Staples-1.54%
Real Estate-3.25%
Utilities-3.33%
Energy-7.70%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 88.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.0%, which is higher than its past year's earnings growth of 12.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 54% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł77.404.9%
+zł4.6b		38.5%PB1.8xFinancials
KGH KGHM Polska Miedzzł211.7010.8%
+zł4.1b		66.4%PE16.5xMaterials
CDR CD Projektzł256.4012.4%
+zł2.8b		53.3%PE44.9xTelecom
SPL Santander Bank Polskazł515.005.0%
+zł2.5b		17.8%PB1.6xFinancials
PEO Bank Polska Kasa Opiekizł199.954.3%
+zł2.2b		47.4%PB1.6xFinancials
See more

Market Insights

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🏰 Defensive Stocks Are No Longer Cheap
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Richard Bowman
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In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
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