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Polish (WIG) Financials Sector Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies71
  • 7D0.3%
  • 3M-0.8%
  • 1Y19.5%
  • YTD6.3%

Over the last 7 days, the Financials industry has remained flat. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 5.8% annually.

Sector Valuation and Performance

Has the Polish Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026zł502.9bzł181.3bzł48.6b11.1x10.4x2.8x
Thu, 09 Apr 2026zł527.3bzł180.3bzł49.6b11.2x10.6x2.9x
Sat, 07 Mar 2026zł462.6bzł181.9bzł49.4b11.2x9.4x2.5x
Mon, 02 Feb 2026zł487.8bzł182.4bzł48.0b11.3x10.2x2.7x
Wed, 31 Dec 2025zł458.9bzł182.4bzł48.0b10.5x9.6x2.5x
Fri, 28 Nov 2025zł437.9bzł182.3bzł48.0b10.8x9.1x2.4x
Sun, 26 Oct 2025zł420.3bzł180.8bzł46.8b13x9x2.3x
Tue, 23 Sep 2025zł398.4bzł180.8bzł46.6b11.8x8.5x2.2x
Thu, 21 Aug 2025zł449.0bzł179.3bzł46.1b11x9.7x2.5x
Sat, 19 Jul 2025zł425.5bzł175.6bzł44.2b12.3x9.6x2.4x
Mon, 16 Jun 2025zł386.3bzł175.9bzł44.2b11.6x8.7x2.2x
Wed, 14 May 2025zł418.0bzł173.8bzł43.3b12.4x9.7x2.4x
Fri, 11 Apr 2025zł383.7bzł173.0bzł42.7b9.8x9x2.2x
Sun, 09 Mar 2025zł393.0bzł163.9bzł40.0b10.7x9.8x2.4x
Tue, 04 Feb 2025zł358.7bzł162.9bzł39.0b9.8x9.2x2.2x
Thu, 02 Jan 2025zł321.3bzł163.0bzł39.0b8.9x8.2x2x
Sat, 30 Nov 2024zł310.7bzł162.2bzł38.8b9.3x8x1.9x
Mon, 28 Oct 2024zł316.7bzł159.3bzł37.7b9.4x8.4x2x
Wed, 25 Sep 2024zł330.0bzł159.1bzł37.6b9.1x8.8x2.1x
Fri, 23 Aug 2024zł342.9bzł158.8bzł36.2b9.4x9.5x2.2x
Sun, 21 Jul 2024zł357.6bzł158.7bzł36.2b8.9x9.9x2.3x
Tue, 18 Jun 2024zł345.2bzł158.7bzł36.2b8.4x9.5x2.2x
Thu, 16 May 2024zł358.1bzł158.0bzł36.2b8.6x9.9x2.3x
Sat, 13 Apr 2024zł370.3bzł155.7bzł34.8b9.5x10.6x2.4x
Mon, 11 Mar 2024zł348.6bzł155.7bzł34.9b11.2x10x2.2x
Wed, 07 Feb 2024zł330.3bzł155.6bzł36.1b10.3x9.1x2.1x
Fri, 05 Jan 2024zł314.3bzł154.5bzł35.3b10.8x8.9x2x
Sun, 03 Dec 2023zł314.7bzł154.4bzł35.3b10.1x8.9x2x
Tue, 31 Oct 2023zł282.2bzł136.7bzł24.4b10.6x11.6x2.1x
Thu, 28 Sep 2023zł228.9bzł131.1bzł19.4b10.3x11.8x1.7x
Sat, 26 Aug 2023zł242.0bzł123.6bzł18.7b11x13x2x
Mon, 24 Jul 2023zł257.0bzł123.5bzł17.1b14.4x15x2.1x
Wed, 21 Jun 2023zł238.9bzł123.5bzł17.1b13x13.9x1.9x
Fri, 19 May 2023zł219.2bzł120.5bzł16.6b11.1x13.2x1.8x
Price to Earnings Ratio

13.2x


Total Market Cap: zł219.2bTotal Earnings: zł16.6bTotal Revenue: zł120.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Financials Sector Price to Earnings3Y Average 10x202420252026
Current Industry PE
  • Investors are relatively neutral on the Polish Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Polish Financials sector?

PL Market1.21%
Financials0.27%
Capital Markets2.03%
Banks0.31%
Mortgage Finance0%0
Diversified Financial-0.22%
Insurance-0.56%
Consumer Finance-0.99%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 12.2x.
    • Analysts expect its future annual earnings decline (5.1%) to be largely in line with prior year's earnings decline.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 7.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 14% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings decline by 5.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
MBK mBankzł1.17k4.0%
+zł1.9b		41.8%PB2.2x
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł96.141.4%
+zł1.7b		23.2%PB2.1x
PEO Bank Polska Kasa Opiekizł233.702.1%
+zł1.3b		30.7%PB1.7x
XTB XTBzł107.128.2%
+zł954.7m		20.0%PE12.8x
EBP Erste Bank Polskazł620.601.5%
+zł940.1m		21.0%PB1.8x

Latest News

MIL
zł18.10
Bank Millennium
7D
-0.03%
1Y
27.5%
Narrative Update • May 09

MIL: Future Returns Will Rely On Margin Strength And Resilient P/E Levels

Analysts now set Bank Millennium's fair value at roughly PLN 16.84 per share, compared with around PLN 16.12 previously, citing updated assumptions for profit margins, the discount rate, and future P/E levels. Valuation Changes Fair Value: Adjusted from PLN 16.12 to PLN 16.84 per share, reflecting a modest increase in the estimated equity value.
BNP
zł150.00
BNP Paribas Bank Polska
7D
3.0%
1Y
41.5%
ING
zł389.60
ING Bank Slaski
7D
-0.1%
1Y
24.9%
Narrative Update • May 06

ING: Dividend Commitment And Steady Outlook Will Support Fair Value

Analysts have left the PLN 381.38 price target for ING Bank Slaski unchanged, noting that a slightly higher assumed discount rate and revenue growth outlook are offset by a modestly lower profit margin and broadly steady future P/E expectations. What's in the News ING Bank Slaski S.A. announced an annual dividend of PLN 26.71 per share, with payment scheduled for April 27, 2026 (Key Developments).
EBP
zł620.60
Erste Bank Polska
7D
1.5%
1Y
21.0%
Narrative Update • May 06

EBP: Sector Discount Rate Reset Will Likely Restrain Future Share Price Upside

Analysts kept the fair value for Erste Bank Polska steady at PLN 490.00, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E that are broadly in line with recent sector research, including the PLN 83 price target change at Santander Bank Polska. Analyst Commentary Recent commentary around Erste Bank Polska has kept the fair value steady at PLN 490.00, even as some inputs such as the discount rate, revenue growth, profit margin and future P/E have been tweaked to align more closely with sector research and the PLN 83 price target move at Santander Bank Polska reported by JPMorgan analyst Mehmet.
XTB
zł107.12
XTB
7D
8.2%
1Y
20.0%
Analysis Article • May 06

With EPS Growth And More, XTB (WSE:XTB) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
ALR
zł126.10
Alior Bank
7D
1.2%
1Y
17.8%
PEO
zł233.70
Bank Polska Kasa Opieki
7D
2.1%
1Y
30.7%
KRU
zł430.00
KRUK Spólka Akcyjna
7D
-2.9%
1Y
5.4%
Analysis Article • May 02

With EPS Growth And More, KRUK Spólka Akcyjna (WSE:KRU) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
MBK
zł1,174.00
mBank
7D
4.0%
1Y
41.8%
RNC
zł0.94
REINO Capital
7D
-3.6%
1Y
-13.4%
PKO
zł96.14
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
1.4%
1Y
23.2%
Narrative Update • Apr 25

PKO: Regional Volume Outlook And Dividend Will Balance Recent Downgrades

The updated analyst price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna edges higher to around PLN 100.46 from PLN 100.25, as analysts weigh recent downgrades alongside new coverage that highlights potential in Central and Eastern Europe banks, supported by low market penetration and a solid volume outlook. Analyst Commentary Recent research shows a split in views on Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna, with some analysts turning more cautious while others see room for upside, especially within the wider Central and Eastern Europe banking space.
SKH
zł36.30
Skarbiec Holding
7D
-1.9%
1Y
42.4%
CPA
zł3.38
Capital Partners
7D
-10.6%
1Y
1,436.4%
CSR
zł4.78
Caspar Asset Management
7D
-6.3%
1Y
-15.4%
PZU
zł63.80
Powszechny Zaklad Ubezpieczen
7D
0.9%
1Y
2.5%
JRH
zł4.89
JR Holding ASI
7D
-5.2%
1Y
-7.0%