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Polish (WIG) Market Analysis & Valuation

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies637
  • 7D0.2%
  • 3M4.9%
  • 1Y16.7%
  • YTD1.3%

Over the last 7 days, the market has dropped 1.1%, driven by declines in the Utilities and Financials sectors of 6.8% and 0.9%, respectively. As for the longer term, the market has actually risen by 17% in the last year. Earnings are forecast to grow by 14% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026zł1.2tzł1.2tzł70.3b12.2x16.7x1x
Sun, 22 Feb 2026zł1.2tzł1.2tzł69.4b13.1x17.4x1x
Tue, 20 Jan 2026zł1.2tzł1.2tzł63.3b13x18.4x1x
Thu, 18 Dec 2025zł1.1tzł1.2tzł58.8b11.7x18.7x0.9x
Sat, 15 Nov 2025zł1.1tzł1.2tzł55.7b13x19.5x0.9x
Mon, 13 Oct 2025zł1.0tzł1.2tzł55.1b13.5x19x0.9x
Wed, 10 Sep 2025zł1.0tzł1.2tzł57.7b12.9x18x0.9x
Fri, 08 Aug 2025zł1.1tzł1.2tzł55.5b12.8x19.4x0.9x
Sun, 06 Jul 2025zł1.0tzł1.2tzł54.0b12.9x19.4x0.9x
Tue, 03 Jun 2025zł1.0tzł1.2tzł54.0b13.6x18.6x0.8x
Thu, 01 May 2025zł1.0tzł1.2tzł45.6b12.9x21.9x0.8x
Sat, 29 Mar 2025zł992.0bzł1.2tzł51.1b12.8x19.4x0.8x
Mon, 24 Feb 2025zł945.3bzł1.2tzł43.9b12.8x21.5x0.8x
Wed, 22 Jan 2025zł854.8bzł1.2tzł42.9b11.5x19.9x0.7x
Fri, 20 Dec 2024zł809.7bzł1.2tzł42.4b10.7x19.1x0.7x
Sun, 17 Nov 2024zł807.7bzł1.2tzł51.0b11.3x15.8x0.7x
Tue, 15 Oct 2024zł825.1bzł1.2tzł53.4b11.8x15.5x0.7x
Thu, 12 Sep 2024zł802.2bzł1.2tzł54.9b11.7x14.6x0.7x
Sat, 10 Aug 2024zł804.3bzł1.2tzł57.9b11.3x13.9x0.7x
Mon, 08 Jul 2024zł884.6bzł1.2tzł58.3b12.4x15.2x0.7x
Wed, 05 Jun 2024zł864.4bzł1.2tzł57.9b12.5x14.9x0.7x
Fri, 03 May 2024zł873.1bzł1.3tzł69.2b12x12.6x0.7x
Sun, 31 Mar 2024zł874.0bzł1.3tzł85.0b12.6x10.3x0.7x
Tue, 27 Feb 2024zł877.5bzł1.3tzł86.7b12.7x10.1x0.7x
Thu, 25 Jan 2024zł806.5bzł1.3tzł90.6b12.6x8.9x0.6x
Sat, 23 Dec 2023zł840.6bzł1.3tzł91.3b12.5x9.2x0.7x
Mon, 20 Nov 2023zł792.7bzł1.3tzł90.5b11.7x8.8x0.6x
Wed, 18 Oct 2023zł749.6bzł1.3tzł88.1b12.1x8.5x0.6x
Fri, 15 Sep 2023zł725.0bzł1.2tzł91.5b12.5x7.9x0.6x
Sun, 13 Aug 2023zł763.9bzł1.2tzł93.9b13.3x8.1x0.6x
Tue, 11 Jul 2023zł742.1bzł1.2tzł92.7b13x8x0.6x
Thu, 08 Jun 2023zł733.4bzł1.2tzł92.5b11.9x7.9x0.6x
Sat, 06 May 2023zł698.2bzł1.2tzł91.4b11.9x7.6x0.6x
Mon, 03 Apr 2023zł658.5bzł1.1tzł89.9b11.5x7.3x0.6x
Price to Earnings Ratio

7.3x


Total Market Cap: zł658.5bTotal Earnings: zł89.9bTotal Revenue: zł1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 14.5x202420252026
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 16.7x which is higher than its 3-year average PE of 14.5x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 7.8% 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 Market0.19%
Consumer Discretionary6.03%
Consumer Staples4.91%
Telecom0.16%
Financials0.059%
Healthcare-0.079%
Materials-1.07%
Industrials-1.08%
Real Estate-1.70%
Energy-1.86%
Tech-3.02%
Utilities-4.92%
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 88.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings growth of 15.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.3% 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
LPP LPPzł22.43k19.1%
+zł6.7b		24.5%PE33.7xConsumer Discretionary
ZAB Zabka Groupzł21.999.0%
+zł1.8b		1.9%PE20.2xConsumer Staples
DNP Dino Polskazł40.254.5%
+zł1.7b		-12.0%PE24.4xConsumer Staples
SPL Santander Bank Polskazł571.002.8%
+zł1.6b		-2.2%PB1.6xFinancials
MBK mBankzł1.07k1.9%
+zł871.8m		25.4%PB2.1xFinancials
See more

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Latest News

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7D
0.8%
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ING: Dividend Policy And Earnings Profile Will Support Fair Value

Analysts have adjusted their fair value estimate for ING Bank Slaski slightly higher, moving the price target from PLN 379.58 to PLN 381.44. This change reflects updated assumptions on revenue growth, profit margins and future P/E expectations.
MBK
zł1,073.50
mBank
7D
1.9%
1Y
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7D
3.0%
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MIL: Fair Value Profile Will Depend On Revenue And P/E Assumptions

Analysts have slightly raised their price target for Bank Millennium to PLN16.12 from PLN15.99, citing updated assumptions around revenue growth, profit margins and future P/E that result in a modest adjustment to their view of the bank's long term fair value profile. Valuation Changes Fair Value: PLN15.99 to PLN16.12, a small upward adjustment to the modelled long term value.
SPL
zł571.00
Santander Bank Polska
7D
2.8%
1Y
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SPL: Future Dividend And Profitability Outlook Will Support Bullish Sentiment

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PEO
zł213.00
Bank Polska Kasa Opieki
7D
-1.2%
1Y
16.3%

PEO: Neutral View Will Balance PLN 233 Fairness And Regional Execution Risk

Analysts have nudged the Bank Polska Kasa Opieki fair value estimate higher, with the price target moving from about PLN 225.65 to roughly PLN 233.62. They cite refined assumptions around revenue growth, profitability and future P/E expectations, in the context of recent research that includes a Barclays target lift to PLN 237 and a new Equal Weight initiation at Morgan Stanley.
PKN
zł130.68
Orlen
7D
-1.9%
1Y
87.1%

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TPE
zł8.99
TAURON Polska Energia
7D
-6.0%
1Y
83.4%

TPE: Higher Future P/E Multiple Will Steer Fair Value Upward

Analysts have lifted their price target for TAURON Polska Energia slightly from PLN 12.50 to PLN 12.90, linking the change to updated assumptions on the discount rate, revenue trends, profit margins and future P/E expectations. Valuation Changes Fair Value: PLN 12.50 has been adjusted slightly higher to PLN 12.90.
JSW
zł31.12
Jastrzebska Spólka Weglowa
7D
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1Y
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PKO
zł86.54
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7D
-0.5%
1Y
11.1%
PGE
zł9.68
PGE Polska Grupa Energetyczna
7D
-7.2%
1Y
16.0%

PGE: Higher Margin Outlook Will Support Upside Ahead Of 2026 Shareholder Meeting

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PZU
zł63.08
Powszechny Zaklad Ubezpieczen
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1Y
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DNP
zł40.25
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7D
4.5%
1Y
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