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Polish (WIG) Financials Sector Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies69
  • 7D0.4%
  • 3M16.1%
  • 1Y27.6%
  • YTD22.4%

The Financials is pretty flat in the last 7 days, but XTB has stood out, gaining 11%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 6.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026zł579.2bzł181.7bzł48.3b12.6x12x3.2x
Wed, 08 Jul 2026zł551.5bzł181.5bzł48.4b12x11.4x3x
Fri, 05 Jun 2026zł524.7bzł181.4bzł48.3b11.4x10.9x2.9x
Sun, 03 May 2026zł501.5bzł180.8bzł49.5b10.5x10.1x2.8x
Tue, 31 Mar 2026zł471.4bzł180.1bzł49.5b10.6x9.5x2.6x
Thu, 26 Feb 2026zł506.7bzł181.8bzł49.6b11.9x10.2x2.8x
Sat, 24 Jan 2026zł470.1bzł182.4bzł48.0b11.3x9.8x2.6x
Mon, 22 Dec 2025zł457.9bzł182.4bzł48.0b11.1x9.5x2.5x
Wed, 19 Nov 2025zł417.4bzł181.6bzł47.1b11.1x8.9x2.3x
Fri, 17 Oct 2025zł406.8bzł180.8bzł46.7b12.3x8.7x2.2x
Sun, 14 Sep 2025zł407.9bzł180.8bzł46.6b12.3x8.7x2.3x
Tue, 12 Aug 2025zł452.0bzł178.0bzł45.7b12.1x9.9x2.5x
Thu, 10 Jul 2025zł415.3bzł175.6bzł44.2b11.7x9.4x2.4x
Sat, 07 Jun 2025zł386.1bzł175.9bzł44.2b12.4x8.7x2.2x
Mon, 05 May 2025zł423.7bzł173.5bzł43.2b11.2x9.8x2.4x
Wed, 02 Apr 2025zł416.9bzł173.1bzł42.7b9.8x9.8x2.4x
Fri, 28 Feb 2025zł382.7bzł163.6bzł40.0b11.2x9.6x2.3x
Sun, 26 Jan 2025zł352.9bzł163.0bzł39.0b10x9x2.2x
Tue, 24 Dec 2024zł322.2bzł163.0bzł39.0b8.9x8.3x2x
Thu, 21 Nov 2024zł305.8bzł161.7bzł38.8b8.9x7.9x1.9x
Sat, 19 Oct 2024zł326.6bzł159.1bzł37.6b9.2x8.7x2.1x
Mon, 16 Sep 2024zł332.7bzł159.2bzł37.7b9.1x8.8x2.1x
Wed, 14 Aug 2024zł330.4bzł158.9bzł36.0b9.1x9.2x2.1x
Fri, 12 Jul 2024zł366.0bzł158.7bzł36.2b8.7x10.1x2.3x
Sun, 09 Jun 2024zł340.8bzł158.7bzł36.2b8.4x9.4x2.1x
Tue, 07 May 2024zł375.4bzł157.0bzł35.6b9x10.6x2.4x
Thu, 04 Apr 2024zł377.6bzł155.6bzł34.8b9.7x10.8x2.4x
Sat, 02 Mar 2024zł360.6bzł159.0bzł36.7b10.7x9.8x2.3x
Mon, 29 Jan 2024zł309.3bzł154.5bzł35.3b10.3x8.8x2x
Wed, 27 Dec 2023zł318.9bzł154.5bzł35.3b10.6x9x2.1x
Fri, 24 Nov 2023zł304.7bzł150.3bzł34.5b10x8.8x2x
Sun, 22 Oct 2023zł263.3bzł131.2bzł19.5b11x13.5x2x
Tue, 19 Sep 2023zł232.6bzł131.1bzł19.4b10.5x12x1.8x
Thu, 17 Aug 2023zł244.5bzł125.3bzł18.5b11x13.2x2x
Price to Earnings Ratio

13.2x


Total Market Cap: zł244.5bTotal Earnings: zł18.5bTotal Revenue: zł125.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Financials Sector Price to Earnings3Y Average 9.7x202420252026
Current Industry PE
  • Investors are optimistic on the Polish Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.0x which is higher than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 38% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.34%
Financials0.35%
Capital Markets9.32%
Insurance2.38%
Consumer Finance1.13%
Mortgage Finance0%0
Banks-0.44%
Diversified Financial-3.98%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 9.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading close to its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 2.9% 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 mBankzł1.42k3.5%
+zł2.0b		44.3%PB2.6x
PEO Bank Polska Kasa Opiekizł254.003.1%
+zł2.0b		16.0%PB2x
XTB XTBzł166.2810.0%
+zł1.8b		115.9%PE15.5x
PZU Powszechny Zaklad Ubezpieczenzł73.062.4%
+zł1.5b		12.1%PE10x
BNP BNP Paribas Bank Polskazł154.802.0%
+zł443.8m		39.5%PB1.3x

Latest News

EBP
zł727.60
Erste Bank Polska
7D
-0.5%
1Y
29.0%
XTB
zł166.28
XTB
7D
10.0%
1Y
115.9%
ALR
zł134.90
Alior Bank
7D
-2.9%
1Y
17.3%
MBK
zł1,417.50
mBank
7D
3.5%
1Y
44.3%
Narrative Update • Aug 04

MBK: Updated Fair Value And Forward P/E Will Guide Future Returns

Analysts have raised their price target for mBank from PLN 1,291 to PLN 1,358, citing updated assumptions for revenue growth, profit margins and future P/E expectations, which slightly adjust the bank’s fair value and discount rate inputs. What’s in the News for mBank Analysts updated their valuation framework for mBank, with revised assumptions for revenue, profitability and future P/E levels feeding into a higher stated price target.
BNP
zł154.80
BNP Paribas Bank Polska
7D
2.0%
1Y
39.5%
Analysis Article • Aug 01

BNP Paribas Bank Polska (WSE:BNP) Ticks All The Boxes When It Comes To Earnings Growth

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
PEO
zł254.00
Bank Polska Kasa Opieki
7D
3.1%
1Y
16.0%
PKO
zł110.10
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
-2.1%
1Y
32.8%
Narrative Update • Jul 28

PKO: Dividend Outlook And Recent Downgrade Will Shape Balanced Prospects

Analysts have lifted their price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna to PLN 108.79 from PLN 106.33, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News No recent company specific news items for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna were identified in the provided sources as of 28 Jul 2026.
GPW
zł106.60
Gielda Papierów Wartosciowych w Warszawie
7D
7.1%
1Y
83.8%
PZU
zł73.06
Powszechny Zaklad Ubezpieczen
7D
2.4%
1Y
12.1%
Narrative Update • Jul 15

PZU: Dividend Payout And Adjusted Profitability Assumptions Will Shape Future Returns

The consensus analyst price target for Powszechny Zaklad Ubezpieczen has been revised slightly higher to PLN73.52 from PLN71.33. Analysts point to adjusted assumptions for discount rates, revenue trends, profit margins and forward P/E as the main drivers of the change.
BOS
zł10.20
Bank Ochrony Srodowiska
7D
-1.0%
1Y
-1.0%
BHW
zł122.60
Bank Handlowy w Warszawie
7D
-1.0%
1Y
10.5%
Narrative Update • Jun 17

BHW: Demerger Vote Will Highlight Risks To Future Margin Stability

Analysts are maintaining their PLN price target for Bank Handlowy w Warszawie at around PLN 110. This reflects slightly improved expectations for revenue trends, profit margin, and future P/E levels in their updated assumptions.
KRU
zł431.00
KRUK Spólka Akcyjna
7D
-0.9%
1Y
1.2%
Narrative Update • Jun 14

KRU: Cautious Downgrade Will Set Up Future Dividend Repricing Potential

Analysts have maintained their fair value estimate for KRUK Spólka Akcyjna at PLN 540.40. A slightly lower discount rate and recent cautious research, including Citi's downgrade, highlight a more conservative stance on the stock's risk profile rather than on its long term earnings assumptions.
MCI
zł28.70
MCI Capital Alternatywna Spólka Inwestycyjna
7D
2.9%
1Y
1.4%
GNS
zł14.00
Grupa Niewiadów - PGM
7D
13.8%
1Y
1.6%
VOT
zł43.00
Votum
7D
-4.3%
1Y
-0.5%
QRS
zł13.66
Quercus TFI
7D
-2.3%
1Y
17.8%