Narrative Update • Aug 04

The Banks is pretty flat in the last 7 days, but mBank has stood out, gaining 4.7%. As for the the longer term, the industry is up 28% over the past 12 months. Looking forward, earnings are forecast to grow by 7.4% annually.
Has the Polish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 10 Aug 2026 | zł476.9b | zł109.4b | zł39.1b | 11.5x | 12.2x | 4.4x |
| Wed, 08 Jul 2026 | zł459.5b | zł109.2b | zł39.4b | 10.7x | 11.7x | 4.2x |
| Fri, 05 Jun 2026 | zł439.6b | zł109.2b | zł39.4b | 10.2x | 11.2x | 4x |
| Sun, 03 May 2026 | zł415.9b | zł109.0b | zł40.5b | 9.6x | 10.3x | 3.8x |
| Tue, 31 Mar 2026 | zł388.0b | zł108.9b | zł40.6b | 8.7x | 9.5x | 3.6x |
| Thu, 26 Feb 2026 | zł416.5b | zł110.7b | zł40.4b | 9.9x | 10.3x | 3.8x |
| Sat, 24 Jan 2026 | zł382.8b | zł111.3b | zł38.8b | 9.9x | 9.9x | 3.4x |
| Mon, 22 Dec 2025 | zł372.7b | zł111.3b | zł38.8b | 9.8x | 9.6x | 3.3x |
| Wed, 19 Nov 2025 | zł340.7b | zł111.0b | zł38.7b | 8.8x | 8.8x | 3.1x |
| Fri, 17 Oct 2025 | zł333.2b | zł110.2b | zł38.1b | 8.6x | 8.7x | 3x |
| Sun, 14 Sep 2025 | zł327.9b | zł110.2b | zł38.1b | 8.9x | 8.6x | 3x |
| Tue, 12 Aug 2025 | zł371.4b | zł108.8b | zł37.5b | 10.1x | 9.9x | 3.4x |
| Thu, 10 Jul 2025 | zł339.4b | zł106.4b | zł36.1b | 9.8x | 9.4x | 3.2x |
| Sat, 07 Jun 2025 | zł309.6b | zł106.4b | zł36.1b | 8.8x | 8.6x | 2.9x |
| Mon, 05 May 2025 | zł346.8b | zł105.2b | zł35.5b | 10.1x | 9.8x | 3.3x |
| Wed, 02 Apr 2025 | zł345.4b | zł104.7b | zł34.9b | 9.8x | 9.9x | 3.3x |
| Fri, 28 Feb 2025 | zł313.8b | zł97.4b | zł32.2b | 9.9x | 9.7x | 3.2x |
| Sun, 26 Jan 2025 | zł285.9b | zł96.8b | zł31.1b | 9.2x | 9.2x | 3x |
| Tue, 24 Dec 2024 | zł260.7b | zł96.8b | zł31.1b | 8.5x | 8.4x | 2.7x |
| Thu, 21 Nov 2024 | zł249.2b | zł97.1b | zł31.2b | 8.5x | 8x | 2.6x |
| Sat, 19 Oct 2024 | zł269.2b | zł94.7b | zł30.1b | 9.2x | 8.9x | 2.8x |
| Mon, 16 Sep 2024 | zł270.8b | zł94.7b | zł30.1b | 9.1x | 9x | 2.9x |
| Wed, 14 Aug 2024 | zł268.7b | zł94.1b | zł28.4b | 10.4x | 9.5x | 2.9x |
| Fri, 12 Jul 2024 | zł298.8b | zł94.1b | zł28.6b | 10.9x | 10.4x | 3.2x |
| Sun, 09 Jun 2024 | zł276.4b | zł94.1b | zł28.6b | 9.7x | 9.7x | 2.9x |
| Tue, 07 May 2024 | zł306.3b | zł92.7b | zł28.1b | 11.2x | 10.9x | 3.3x |
| Thu, 04 Apr 2024 | zł314.2b | zł91.5b | zł27.3b | 12.1x | 11.5x | 3.4x |
| Sat, 02 Mar 2024 | zł297.5b | zł93.9b | zł29.1b | 10.1x | 10.2x | 3.2x |
| Mon, 29 Jan 2024 | zł248.8b | zł90.8b | zł28.3b | 9.1x | 8.8x | 2.7x |
| Wed, 27 Dec 2023 | zł257.2b | zł90.8b | zł28.3b | 9.2x | 9.1x | 2.8x |
| Fri, 24 Nov 2023 | zł244.8b | zł90.8b | zł28.3b | 8.6x | 8.7x | 2.7x |
| Sun, 22 Oct 2023 | zł206.3b | zł71.7b | zł13.3b | 10.9x | 15.5x | 2.9x |
| Tue, 19 Sep 2023 | zł179.9b | zł71.7b | zł13.3b | 10.1x | 13.5x | 2.5x |
| Thu, 17 Aug 2023 | zł192.1b | zł69.7b | zł13.0b | 11x | 14.8x | 2.8x |
14.8x
Which industries have driven the changes within the Polish Financials industry?
| PL Market | 1.34% | |
| Financials | 0.35% | |
| Banks | -0.44% | |
| Diversified Banks | -0.44% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MBK mBank | zł1.42k | 3.3% +zł1.9b | 44.0% | PB2.6x | |
| PEO Bank Polska Kasa Opieki | zł252.90 | 2.7% +zł1.7b | 15.5% | PB2x | |
| BNP BNP Paribas Bank Polska | zł152.00 | 0.1% +zł29.6m | 36.9% | PB1.3x |