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Polish (WIG) Financials Sector Analysis

UpdatedOct 03, 2025
DataAggregated Company Financials
Companies71
  • 7D4.3%
  • 3M-1.7%
  • 1Y29.5%
  • YTD25.8%

Last week, the Financials industry hasn't moved much but Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is up 7.8% in that time. The past year has been better, since the industry has gained 25% in that time. Earnings are forecast to grow by 4.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Oct 2025zł405.7bzł180.8bzł46.7b12.3x8.7x2.2x
Sun, 31 Aug 2025zł405.8bzł180.0bzł46.6b12.3x8.7x2.3x
Tue, 29 Jul 2025zł424.0bzł175.6bzł44.2b12.3x9.6x2.4x
Thu, 26 Jun 2025zł393.1bzł175.6bzł44.2b12.1x8.9x2.2x
Sat, 24 May 2025zł399.3bzł175.8bzł44.2b12.4x9x2.3x
Mon, 21 Apr 2025zł403.7bzł173.0bzł42.7b10.4x9.5x2.3x
Wed, 19 Mar 2025zł422.8bzł170.6bzł42.5b11.7x9.9x2.5x
Fri, 14 Feb 2025zł382.4bzł163.7bzł40.0b10.6x9.6x2.3x
Sun, 12 Jan 2025zł336.4bzł163.0bzł39.0b9.9x8.6x2.1x
Tue, 10 Dec 2024zł330.6bzł163.0bzł39.1b9.3x8.5x2x
Thu, 07 Nov 2024zł321.4bzł160.5bzł39.0b9.2x8.2x2x
Sat, 05 Oct 2024zł314.7bzł159.1bzł37.6b8.9x8.4x2x
Mon, 02 Sep 2024zł346.9bzł159.2bzł37.9b9.5x9.2x2.2x
Wed, 31 Jul 2024zł347.8bzł158.8bzł36.0b8.8x9.7x2.2x
Fri, 28 Jun 2024zł362.5bzł158.7bzł36.2b8.9x10x2.3x
Sun, 26 May 2024zł351.2bzł158.8bzł36.2b8.7x9.7x2.2x
Tue, 23 Apr 2024zł369.2bzł155.7bzł34.8b8.8x10.6x2.4x
Thu, 21 Mar 2024zł357.3bzł155.8bzł34.9b10.3x10.2x2.3x
Sat, 17 Feb 2024zł338.0bzł155.9bzł35.2b11.3x9.6x2.2x
Mon, 15 Jan 2024zł312.0bzł154.5bzł35.3b10.6x8.8x2x
Wed, 13 Dec 2023zł315.5bzł154.4bzł35.3b10x8.9x2x
Fri, 10 Nov 2023zł292.3bzł144.4bzł30.3b10.4x9.6x2x
Sun, 08 Oct 2023zł240.2bzł131.1bzł19.5b10.1x12.3x1.8x
Tue, 05 Sep 2023zł244.5bzł131.3bzł42.2b10.7x5.8x1.9x
Thu, 03 Aug 2023zł254.0bzł124.0bzł18.0b14x14.1x2x
Sat, 01 Jul 2023zł243.2bzł123.5bzł17.1b13.3x14.2x2x
Mon, 29 May 2023zł228.2bzł125.5bzł17.1b11.9x13.3x1.8x
Wed, 26 Apr 2023zł219.8bzł116.8bzł15.5b12.1x14.2x1.9x
Fri, 24 Mar 2023zł188.4bzł112.7bzł15.7b10.3x12x1.7x
Sun, 19 Feb 2023zł206.8bzł111.8bzł14.1b10.9x14.7x1.8x
Tue, 17 Jan 2023zł219.8bzł110.7bzł10.0b13.1x22.1x2x
Thu, 15 Dec 2022zł193.1bzł110.6bzł9.9b12.6x19.4x1.7x
Sat, 12 Nov 2022zł186.1bzł108.5bzł10.4b11.2x18x1.7x
Mon, 10 Oct 2022zł146.0bzł113.3bzł17.3b7.8x8.4x1.3x
Price to Earnings Ratio

8.4x


Total Market Cap: zł146.0bTotal Earnings: zł17.3bTotal Revenue: zł113.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Financials Sector Price to Earnings3Y Average 11.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Polish Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.5x which is lower than its 3-year average PE of 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market1.82%
Financials4.25%
Banks5.08%
Insurance2.44%
Mortgage Finance0%0
Capital Markets-0.53%
Diversified Financial-0.85%
Consumer Finance-5.74%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings decline of 0.3%, which is less than its past year's earnings decline of 3.5%.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 5.2% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Capital Markets 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 Price7D1YValuation
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł73.807.8%
+zł6.7b		36.9%PB1.8x
MBK mBankzł929.807.0%
+zł2.6b		57.6%PB2.2x
SPL Santander Bank Polskazł491.005.1%
+zł2.4b		11.6%PB1.6x
PEO Bank Polska Kasa Opiekizł181.205.3%
+zł2.4b		28.7%PB1.5x
PZU Powszechny Zaklad Ubezpieczenzł55.382.5%
+zł1.2b		32.9%PE7.8x

Latest News

GPW
zł56.40
Gielda Papierów Wartosciowych w Warszawie
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1Y
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FON
zł0.30
FON
7D
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Investors Give FON SE (WSE:FON) Shares A 52% Hiding

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ALI
zł2.79
Altus
7D
-5.4%
1Y
8.6%
PZU
zł55.38
Powszechny Zaklad Ubezpieczen
7D
2.5%
1Y
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ING
zł306.00
ING Bank Slaski
7D
1.2%
1Y
20.0%

Margin Compression And Demographic Headwinds Will Weaken Polish Banking

The consensus price target for ING Bank Slaski has been raised to PLN344.50, primarily reflecting modest improvements in revenue growth forecasts and future valuation multiples. Valuation Changes Summary of Valuation Changes for ING Bank Slaski The Consensus Analyst Price Target has risen slightly from PLN337.50 to PLN344.50.
MBK
zł929.80
mBank
7D
7.0%
1Y
57.6%

Digital Banking And Polish Lending Will Create Future Momentum

With both the discount rate and future P/E ratio remaining virtually flat, analysts have left their fair value estimate for mBank unchanged at PLN836.00. What's in the News Special/Extraordinary Shareholders Meeting scheduled to be held on Sep 18, 2025.
ALR
zł105.70
Alior Bank
7D
3.7%
1Y
19.9%

Mobile Solutions Will Grow Market In Poland Despite Margin Risks

With both the discount rate and future P/E remaining virtually unchanged, analysts maintained their consensus fair value for Alior Bank at PLN129.46. Valuation Changes Summary of Valuation Changes for Alior Bank The Consensus Analyst Price Target remained effectively unchanged, at PLN129.46.
XTB
zł71.30
XTB
7D
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1Y
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KRU
zł452.00
KRUK Spólka Akcyjna
7D
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1Y
3.7%
PEO
zł181.20
Bank Polska Kasa Opieki
7D
5.3%
1Y
28.7%

Falling Interest Rates And Rising Costs Will Pressure Margins

With both the discount rate and future P/E ratio remaining essentially unchanged, analysts have maintained Bank Polska Kasa Opieki’s fair value at PLN208.95. What's in the News Bank Polska Kasa Opieki S.A. has scheduled a Special/Extraordinary Shareholders Meeting on Sep 03, 2025, at 10:00 Central European Standard Time.
PKO
zł73.80
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
7.8%
1Y
36.9%

Poland's Consumer Credit And Digital Shift Will Fuel Future Progress

The consensus price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna was marginally raised to PLN88.84, primarily reflecting a notable upgrade in revenue growth expectations from 1.2% to 2.2% per annum. What's in the News Extraordinary Shareholders Meeting scheduled to consider changes in the Supervisory Board composition, assess Supervisory Board suitability, decide on costs of the meeting, and address other matters.
BNP
zł104.00
BNP Paribas Bank Polska
7D
-0.5%
1Y
15.0%

Digital Growth And Polish Trends Will Advance Banking Amid Risks

Consensus revenue growth forecasts for BNP Paribas Bank Polska have deteriorated further into negative territory, while other key valuation metrics remain stable, resulting in an unchanged fair value estimate at PLN130.27. Valuation Changes Summary of Valuation Changes for BNP Paribas Bank Polska The Consensus Analyst Price Target remained effectively unchanged, at PLN130.27.
MIL
zł14.94
Bank Millennium
7D
3.8%
1Y
83.3%

Bank's Digital Focus And Shift To Higher-Risk Assets Will Affect Future Performance And Risk

With only marginal movements in both the discount rate and future P/E multiple, Bank Millennium’s consensus analyst price target remained unchanged at PLN14.51. Valuation Changes Summary of Valuation Changes for Bank Millennium The Consensus Analyst Price Target remained effectively unchanged, at PLN14.51.
GNS
zł15.42
Grupa Niewiadów - PGM
7D
-4.0%
1Y
707.3%
SPL
zł491.00
Santander Bank Polska
7D
5.1%
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11.6%
PRA
zł1.15
Prime Alternatywna Spolka Inwestycyjna Spolka Akcyjna
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