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Polish (WIG) Diversified Banks Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies11
  • 7D2.7%
  • 3M18.6%
  • 1Y38.5%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 1.7%, driven by gains in ING Bank Slaski and Bank Polska Kasa Opieki of 5.8% and 4.8%, respectively. This takes the industry's 12 month performance to a gain of 37%. Earnings are forecast to grow by 4.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026zł415.3bzł109.8bzł39.5b9.6x10.5x3.8x
Thu, 08 Jan 2026zł388.6bzł111.3bzł38.8b10.3x10x3.5x
Sat, 06 Dec 2025zł345.7bzł111.3bzł38.8b8.7x8.9x3.1x
Mon, 03 Nov 2025zł340.6bzł110.2bzł38.3b9x8.9x3.1x
Wed, 01 Oct 2025zł321.0bzł110.2bzł38.1b8.7x8.4x2.9x
Fri, 29 Aug 2025zł335.1bzł109.6bzł38.1b9.1x8.8x3.1x
Sun, 27 Jul 2025zł354.1bzł106.4bzł36.1b10.2x9.8x3.3x
Tue, 24 Jun 2025zł306.6bzł106.4bzł36.1b8.8x8.5x2.9x
Thu, 22 May 2025zł329.6bzł105.4bzł36.1b9.3x9.1x3.1x
Sat, 19 Apr 2025zł331.8bzł104.7bzł34.9b9.5x9.5x3.2x
Mon, 17 Mar 2025zł341.7bzł104.4bzł34.8b9.6x9.8x3.3x
Wed, 12 Feb 2025zł306.2bzł97.5bzł32.2b9.3x9.5x3.1x
Fri, 10 Jan 2025zł269.0bzł96.8bzł31.1b8.9x8.6x2.8x
Sun, 08 Dec 2024zł267.4bzł96.8bzł31.1b8.2x8.6x2.8x
Tue, 05 Nov 2024zł262.2bzł95.8bzł31.3b8.9x8.4x2.7x
Thu, 03 Oct 2024zł260.7bzł94.7bzł30.1b8.7x8.7x2.8x
Sat, 31 Aug 2024zł283.9bzł94.7bzł30.3b9.2x9.4x3x
Mon, 29 Jul 2024zł285.4bzł94.1bzł28.4b11.1x10.1x3x
Wed, 26 Jun 2024zł295.9bzł94.1bzł28.6b10.5x10.3x3.1x
Fri, 24 May 2024zł286.7bzł94.1bzł28.6b10.1x10x3x
Sun, 21 Apr 2024zł303.8bzł91.5bzł27.3b11.8x11.1x3.3x
Tue, 19 Mar 2024zł296.0bzł91.5bzł27.3b11.2x10.8x3.2x
Thu, 15 Feb 2024zł271.8bzł92.0bzł28.0b9.3x9.7x3x
Sat, 13 Jan 2024zł250.8bzł90.8bzł28.3b9.1x8.9x2.8x
Mon, 11 Dec 2023zł256.9bzł90.8bzł28.3b9.2x9.1x2.8x
Wed, 08 Nov 2023zł227.0bzł82.1bzł21.9b9.6x10.4x2.8x
Fri, 06 Oct 2023zł180.4bzł71.7bzł13.3b9.8x13.6x2.5x
Sun, 03 Sep 2023zł194.2bzł71.7bzł13.3b10.6x14.6x2.7x
Tue, 01 Aug 2023zł206.6bzł68.3bzł12.3b14.2x16.8x3x
Thu, 29 Jun 2023zł186.8bzł67.9bzł11.6b13x16.1x2.8x
Sat, 27 May 2023zł174.2bzł68.9bzł11.6b11.9x15x2.5x
Mon, 24 Apr 2023zł170.2bzł64.5bzł10.4b12.3x16.3x2.6x
Wed, 22 Mar 2023zł146.0bzł64.5bzł10.7b10.3x13.7x2.3x
Fri, 17 Feb 2023zł161.4bzł63.6bzł9.0b11.5x17.8x2.5x
Price to Earnings Ratio

17.8x


Total Market Cap: zł161.4bTotal Earnings: zł9.0bTotal Revenue: zł63.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Diversified Banks Industry Price to Earnings3Y Average 10.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Polish Diversified Banks 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 10.8x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 63% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Polish Diversified Banks compare with similar industries?

PL Market1.30%
Financials2.43%
Banks2.67%
Diversified Banks2.67%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ING ING Bank Slaskizł417.005.8%
+zł3.0b		37.6%PB2.8x
PEO Bank Polska Kasa Opiekizł232.004.8%
+zł2.8b		41.1%PB1.8x
SPL Santander Bank Polskazł587.802.4%
+zł1.4b		16.4%PB1.7x
MBK mBankzł1.08k2.8%
+zł1.3b		61.0%PB2.3x
ALR Alior Bankzł126.006.7%
+zł1.0b		33.8%PB1.4x

Latest News

MBK
zł1,084.50
mBank
7D
2.8%
1Y
61.0%

MBK: Adjusted Profitability And Discount Rate Assumptions Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for mBank from €973.67 to €1,008.23, citing adjustments to discount rate assumptions, updated revenue growth expectations, a revised profit margin outlook, and a slightly lower future P/E multiple. Valuation Changes Fair Value Estimate increased modestly from €973.67 to €1,008.23.
SPL
zł587.80
Santander Bank Polska
7D
2.4%
1Y
16.4%

SPL: Future Meeting And Profitability Outlook Will Support Bullish Sentiment

Analysts have trimmed their price target for Santander Bank Polska after revising their fair value estimate to €674.14, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Santander Bank Polska has scheduled a Special or Extraordinary Shareholders Meeting for January 22, 2026, at 14:00 Central European Standard Time.
ING
zł417.00
ING Bank Slaski
7D
5.8%
1Y
37.6%

ING: Softer Margins And Richer P/E Will Restrain Future Upside

Analysts have slightly reduced their price target for ING Bank Slaski, trimming fair value from €369.52 to €365.73 as they now assume a modestly lower revenue growth rate, a softer profit margin, and a somewhat higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from €369.52 to €365.73, reflecting a modest adjustment to the model.
ALR
zł126.00
Alior Bank
7D
6.7%
1Y
33.8%

ALR: Adjusted Growth Assumptions Will Support Fairly Valued Future Returns

Analysts have trimmed their price target for Alior Bank slightly to €126.43 from €126.68, reflecting updated assumptions around revenue growth, profit margins and a modestly higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly to €126.43 from €126.68.
BHW
zł118.60
Bank Handlowy w Warszawie
7D
1.9%
1Y
18.8%

BHW: Future P/E Will Balance Margin Resilience And Softer Revenue Expectations

Analysts have trimmed their price target for Bank Handlowy w Warszawie slightly, cutting fair value from PLN 111.15 to about PLN 109.63. This reflects updated views on the discount rate, revenue growth, profit margin and a somewhat higher future P/E assumption.
MIL
zł17.68
Bank Millennium
7D
2.3%
1Y
69.8%

MIL: Higher Future P/E Assumptions Will Sustain An Overvalued Share Price

Analysts have slightly raised their price target for Bank Millennium to PLN 15.99667 from PLN 15.56111. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that they see as better aligned with current fundamentals.
PEO
zł232.00
Bank Polska Kasa Opieki
7D
4.8%
1Y
41.1%

PEO: Neutral View Will Balance Higher Margin Assumptions And Execution Risks

Analysts have raised their price target for Bank Polska Kasa Opieki, increasing their fair value estimate from €215.49 to €217.93 after updating assumptions around the discount rate, revenue growth, profit margin and future P/E levels. Valuation Changes Fair Value Estimate edged higher from €215.49 to €217.93 per share, suggesting only a minor adjustment to the underlying valuation range.
PKO
zł93.82
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
0.3%
1Y
39.2%

PKO: Fair Outlook Will Depend On Margins And Upcoming Shareholder Meeting

Analysts have nudged their price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna higher to reflect a revised fair value of 92.67, underpinned by slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has scheduled a Special or Extraordinary Shareholders Meeting for January 20, 2026, at 10:00 Central European Standard Time (Key Developments).
GTN
zł0.56
Getin Holding
7D
-2.4%
1Y
-15.3%