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Polish (WIG) Banks Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.4%
  • 3M15.5%
  • 1Y28.4%
  • YTD23.4%

Over the last 7 days, the Banks industry has remained flat, although notably mBank gained 3.3%. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

Has the Polish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026zł479.6bzł109.4bzł39.1b11.6x12.3x4.4x
Thu, 09 Jul 2026zł463.1bzł109.2bzł39.4b10.8x11.8x4.2x
Sat, 06 Jun 2026zł433.5bzł109.2bzł39.4b10.1x11x4x
Mon, 04 May 2026zł415.9bzł109.0bzł40.5b9.6x10.3x3.8x
Wed, 01 Apr 2026zł395.1bzł108.9bzł40.6b8.9x9.7x3.6x
Fri, 27 Feb 2026zł412.2bzł110.7bzł40.4b9.8x10.2x3.7x
Sun, 25 Jan 2026zł382.8bzł111.3bzł38.8b9.9x9.9x3.4x
Tue, 23 Dec 2025zł374.3bzł111.3bzł38.8b9.7x9.6x3.4x
Thu, 20 Nov 2025zł348.6bzł111.0bzł38.7b9x9x3.1x
Sat, 18 Oct 2025zł330.7bzł110.2bzł38.1b8.6x8.7x3x
Mon, 15 Sep 2025zł327.9bzł110.2bzł38.1b8.9x8.6x3x
Wed, 13 Aug 2025zł374.0bzł108.8bzł37.5b10.2x10x3.4x
Fri, 11 Jul 2025zł331.6bzł106.4bzł36.1b9.6x9.2x3.1x
Sun, 08 Jun 2025zł309.6bzł106.4bzł36.1b8.8x8.6x2.9x
Tue, 06 May 2025zł336.4bzł105.2bzł35.5b10x9.5x3.2x
Thu, 03 Apr 2025zł347.5bzł104.7bzł34.9b9.8x10x3.3x
Sat, 01 Mar 2025zł313.8bzł97.3bzł32.2b9.8x9.7x3.2x
Mon, 27 Jan 2025zł285.9bzł96.8bzł31.1b9.2x9.2x3x
Wed, 25 Dec 2024zł260.7bzł96.8bzł31.1b8.5x8.4x2.7x
Fri, 22 Nov 2024zł250.9bzł97.1bzł31.2b8.5x8.1x2.6x
Sun, 20 Oct 2024zł269.2bzł94.7bzł30.1b9.2x8.9x2.8x
Tue, 17 Sep 2024zł267.8bzł94.7bzł30.1b8.9x8.9x2.8x
Thu, 15 Aug 2024zł272.2bzł94.1bzł28.4b10.4x9.6x2.9x
Sat, 13 Jul 2024zł300.0bzł94.1bzł28.6b11x10.5x3.2x
Mon, 10 Jun 2024zł276.4bzł94.1bzł28.6b9.7x9.7x2.9x
Wed, 08 May 2024zł305.2bzł92.7bzł28.1b11.2x10.9x3.3x
Fri, 05 Apr 2024zł316.5bzł91.5bzł27.3b12.2x11.6x3.5x
Sun, 03 Mar 2024zł297.5bzł94.0bzł28.5b11.2x10.4x3.2x
Tue, 30 Jan 2024zł245.6bzł90.8bzł28.3b8.9x8.7x2.7x
Thu, 28 Dec 2023zł260.1bzł90.8bzł28.3b9.3x9.2x2.9x
Sat, 25 Nov 2023zł243.9bzł90.8bzł28.3b8.6x8.6x2.7x
Mon, 23 Oct 2023zł206.3bzł71.7bzł13.3b10.9x15.5x2.9x
Wed, 20 Sep 2023zł181.7bzł71.7bzł13.3b10.2x13.7x2.5x
Fri, 18 Aug 2023zł189.3bzł69.7bzł13.0b10.7x14.5x2.7x
Price to Earnings Ratio

14.5x


Total Market Cap: zł189.3bTotal Earnings: zł13.0bTotal Revenue: zł69.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Banks Industry Price to Earnings3Y Average 10x202420252026
Current Industry PE
  • Investors are optimistic on the Polish Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 16% 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 industry?

PL Market1.34%
Financials0.35%
Banks-0.44%
Diversified Banks-0.44%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 10.0x.
    • Analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings growth of 3.7% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.4% 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
BNP BNP Paribas Bank Polskazł154.802.0%
+zł443.8m		39.5%PB1.3x
MIL Bank Millenniumzł20.720.1%
+zł36.4m		29.3%PB2.2x

Latest News

EBP
zł727.60
Erste Bank Polska
7D
-0.5%
1Y
29.0%
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%
MIL
zł20.72
Bank Millennium
7D
0.1%
1Y
29.3%
Narrative Update • Jul 30

MIL: Future Returns Will Depend On Leaner Margins And Higher Forward P E Multiple

Analysts have lifted the Bank Millennium price target from PLN 16.91 to PLN 18.23. The change reflects updated assumptions around a slightly lower discount rate, modestly higher revenue growth, a different profit margin profile and a higher expected future P/E multiple.
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.
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.
GTN
zł0.35
Getin Holding
7D
-1.7%
1Y
-34.1%