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Polish (WIG) Market Analysis & Valuation

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies635
  • 7D0.5%
  • 3M9.0%
  • 1Y35.4%
  • YTD21.7%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 4.6% in that time. More promisingly, the market is up 35% over the past year. Earnings are forecast to grow by 11% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026zł1.4tzł1.2tzł87.1b13x16.3x1.2x
Sat, 25 Jul 2026zł1.3tzł1.2tzł78.4b13.3x17.1x1.1x
Mon, 22 Jun 2026zł1.3tzł1.2tzł77.8b13.1x16.7x1.1x
Wed, 20 May 2026zł1.3tzł1.2tzł87.0b12.9x14.5x1.1x
Fri, 17 Apr 2026zł1.3tzł1.2tzł76.9b13.1x16.7x1.1x
Sun, 15 Mar 2026zł1.2tzł1.2tzł70.0b12.4x16.7x1x
Tue, 10 Feb 2026zł1.2tzł1.2tzł63.9b13.1x19.1x1x
Thu, 08 Jan 2026zł1.2tzł1.2tzł63.3b12.7x18.6x1x
Sat, 06 Dec 2025zł1.1tzł1.2tzł59.1b12x18x0.9x
Mon, 03 Nov 2025zł1.1tzł1.2tzł55.3b13.6x19.5x0.9x
Wed, 01 Oct 2025zł1.0tzł1.2tzł55.0b13x18.7x0.9x
Fri, 29 Aug 2025zł1.0tzł1.2tzł57.1b12.9x18.1x0.9x
Sun, 27 Jul 2025zł1.1tzł1.2tzł54.1b13.1x19.8x0.9x
Tue, 24 Jun 2025zł986.8bzł1.2tzł53.9b12.9x18.3x0.8x
Thu, 22 May 2025zł1.0tzł1.2tzł55.2b13.5x18.4x0.8x
Sat, 19 Apr 2025zł965.6bzł1.2tzł45.9b12.7x21x0.8x
Mon, 17 Mar 2025zł984.0bzł1.2tzł50.6b12.5x19.4x0.8x
Wed, 12 Feb 2025zł924.0bzł1.2tzł43.8b12.6x21.1x0.8x
Fri, 10 Jan 2025zł829.6bzł1.2tzł42.9b11.5x19.3x0.7x
Sun, 08 Dec 2024zł835.9bzł1.2tzł45.0b11.1x18.6x0.7x
Tue, 05 Nov 2024zł821.8bzł1.2tzł55.3b11.5x14.9x0.7x
Thu, 03 Oct 2024zł820.3bzł1.2tzł53.7b12x15.3x0.7x
Sat, 31 Aug 2024zł853.3bzł1.2tzł55.1b11.8x15.5x0.7x
Mon, 29 Jul 2024zł849.1bzł1.2tzł57.8b11.9x14.7x0.7x
Wed, 26 Jun 2024zł892.1bzł1.2tzł58.2b12.4x15.3x0.7x
Fri, 24 May 2024zł898.0bzł1.2tzł59.0b12.5x15.2x0.7x
Sun, 21 Apr 2024zł868.0bzł1.3tzł78.0b12x11.1x0.7x
Tue, 19 Mar 2024zł846.2bzł1.3tzł84.5b12.5x10x0.7x
Thu, 15 Feb 2024zł836.7bzł1.3tzł89.7b12.9x9.3x0.7x
Sat, 13 Jan 2024zł818.3bzł1.3tzł90.6b12.8x9x0.6x
Mon, 11 Dec 2023zł827.0bzł1.3tzł91.6b12.4x9x0.6x
Wed, 08 Nov 2023zł775.8bzł1.3tzł86.2b12.2x9x0.6x
Fri, 06 Oct 2023zł692.3bzł1.3tzł87.9b11.9x7.9x0.6x
Sun, 03 Sep 2023zł747.4bzł1.2tzł114.6b12.8x6.5x0.6x
Price to Earnings Ratio

6.5x


Total Market Cap: zł747.4bTotal Earnings: zł114.6bTotal Revenue: zł1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 15.7x202420252026
Current Market PE
  • Investors are relatively neutral on the Polish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 15.7x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 8.8% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Polish Market?

PL Market0.46%
Consumer Staples4.64%
Materials3.91%
Tech3.59%
Real Estate1.46%
Financials1.19%
Utilities0.58%
Industrials0.55%
Healthcare0.53%
Consumer Discretionary-0.73%
Telecom-3.24%
Energy-4.03%
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 82.6x.
    • Analysts are expecting annual earnings growth of 0.7%, which is lower than the prior year's growth of 8.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 1.7% per year.
  • In contrast, the Energy 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?

CompanyLast Price7D1YValuationSector
DNP Dino Polskazł36.0911.1%
+zł3.5b		-20.5%PE22.6xConsumer Staples
KGH KGHM Polska Miedzzł364.354.7%
+zł3.3b		184.6%PE8.4xMaterials
PZU Powszechny Zaklad Ubezpieczenzł74.003.1%
+zł1.9b		18.2%PE9.9xFinancials
XTB XTBzł180.009.4%
+zł1.8b		134.5%PE16.8xFinancials
ACP Asseco Polandzł239.806.8%
+zł1.2b		23.2%PE26.9xTech
See more

Market Insights

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Latest News

PZU
zł74.00
Powszechny Zaklad Ubezpieczen
7D
3.1%
1Y
18.2%
Narrative Update • Aug 24

PZU: Dividend Policy And Profit Margin Assumptions Will Shape Future Returns

Analysts have nudged their fair value price target for Powszechny Zaklad Ubezpieczen higher from PLN 73.52 to PLN 75.38, citing updated assumptions on discount rates, profit margins, and future P/E levels. What’s in the News for Powszechny Zaklad Ubezpieczen Analysts revise the fair value estimate for Powszechny Zaklad Ubezpieczen to PLN 75.38, reflecting updated assumptions on discount rates and profit margins.
DNP
zł36.09
Dino Polska
7D
11.1%
1Y
-20.5%
Analysis Article • Aug 24

Dino Polska S.A. (WSE:DNP) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Dino Polska S.A. ( WSE:DNP ) shareholders, because the company has just released its latest...
BFT
zł5,400.00
Benefit Systems
7D
-3.2%
1Y
67.2%
LPP
zł21,200.00
LPP
7D
-1.0%
1Y
23.3%
Narrative Update • Aug 21

LPP: Higher Profitability Assumptions Will Support Stronger Future Share Performance

Analysts have reduced their fair value estimate for LPP from PLN 30,712.82 to PLN 28,804.00, citing updated assumptions on revenue growth, profit margin and future P/E. These revisions collectively support a slightly lower price target, despite only modest adjustments to risk expectations.
KGH
zł364.35
KGHM Polska Miedz
7D
4.7%
1Y
184.6%
PKN
zł149.00
Orlen
7D
-4.1%
1Y
85.1%
Narrative Update • Aug 20

PKN: Higher P/E Assumptions Will Likely Expose Overvaluation Risk

Analysts have lifted their price target for Orlen from PLN 94 to PLN 103, citing updated assumptions for the discount rate, revenue trends, profit margins and future P/E as the key drivers of the revision. What’s in the News for Orlen Analysts adjusted their discount rate assumptions for Orlen, which directly influenced the updated price target level.
PCO
zł43.13
Pepco Group
7D
-1.3%
1Y
94.7%
MBK
zł1,392.00
mBank
7D
-0.9%
1Y
53.3%
Narrative Update • Aug 18

MBK: Higher Future P/E Assumptions Will Sustain An Overvalued Outlook

Analysts have lifted their price target for mBank to PLN 1,168.20 from PLN 1,112.66, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for mBank No recent mBank specific news is available from the provided sources as of 17 Aug 2026.
EBP
zł733.00
Erste Bank Polska
7D
1.0%
1Y
41.2%
Narrative Update • Aug 17

EBP: Neutral Rating Shifts Will Likely Cap Future Share Upside

The analyst price target for Erste Bank Polska has been raised from PLN 509.88 to PLN 581.28. Recent Neutral ratings and PLN 750 to PLN 755 price targets from different research houses indicate that analysts see a more balanced risk and reward profile at current levels.
PKO
zł115.78
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
0.7%
1Y
56.9%
Narrative Update • Aug 14

PKO: Fair Outlook Will Balance Margin Assumptions And Earnings Multiple

Analysts have raised their price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna to PLN 111.20 from PLN 108.79, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna No recent company specific news items were identified for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna in the provided sources as of 14 Aug 2026.
PGE
zł10.83
PGE Polska Grupa Energetyczna
7D
3.6%
1Y
-5.7%
Narrative Update • Aug 13

PGE: Higher Margin Assumptions And Lower P/E Will Support Upside

Analysts have adjusted their price target on PGE Polska Grupa Energetyczna from PLN 13.00 to PLN 14.00, reflecting updated views on discount rate assumptions, expected revenue growth, profit margins and future P/E levels. What's in the News for PGE Polska Grupa Energetyczna No recent news stories are currently available from the specified primary or secondary sources for PGE Polska Grupa Energetyczna as of 13 Aug 2026.
XTB
zł180.00
XTB
7D
9.4%
1Y
134.5%
New Narrative • Aug 12

XTB SA: 2 Minute Drill: How Do You Grow This Fast Without a Moat?

XTB has become a 10-bagger over the past five years , while growing its customer base at extraordinary rates and simultaneously cutting customer acquisition costs from around PLN 1,100 to PLN 600. That immediately caught my attention.
CAR
zł946.00
Inter Cars
7D
-2.4%
1Y
65.7%
Narrative Update • Aug 09

CAR: Future Returns Will Depend On Sustained Margin Strength At Elevated P/E

The analyst price target for Inter Cars has been updated from PLN 784.80 to PLN 865.80 as analysts incorporate revised assumptions for revenue growth, profit margins and future P/E levels into their valuation work. What’s in the News for Inter Cars No recent Inter Cars specific news items or key developments have been reported in the provided sources as of 6 Aug 2026.
TPE
zł8.56
TAURON Polska Energia
7D
-2.2%
1Y
0.4%
ACP
zł239.80
Asseco Poland
7D
6.8%
1Y
23.2%
Narrative Update • Jun 22

ACP: High Future P/E Assumptions Will Continue To Restrain Share Returns

Analysts have maintained their PLN 131.00 price target for Asseco Poland, noting only minor adjustments to assumptions such as the discount rate, forecast revenue growth, profit margin and future P/E, which largely offset each other in their valuation work. What's in the News for Asseco Poland Asseco Poland S.A. announced an annual dividend of PLN 13.05 per share, with payment scheduled for May 22, 2026.
CDR
zł238.00
CD Projekt Red
7D
-7.2%
1Y
-7.6%
Narrative Update • Jun 15

CDR: Neutral Rating Shift Will Support Future Shareholder Value Reappraisal

Narrative Update The analyst price target for CD Projekt has been set at PLN 230. This reflects updated assumptions around slightly lower discount rates, modestly higher revenue growth expectations, a reduced profit margin outlook, and a higher future P/E multiple as analysts reassess the risk and reward profile for the stock.