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Polish (WIG) Banks Industry Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies11
  • 7D5.4%
  • 3M14.8%
  • 1Y37.3%
  • YTD23.6%

All of the companies in the Banks industry have been up over the last week, with the industry up 5.4%. This means that the industry has gained 37% over the past year. Earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Aug 2026zł477.4bzł108.7bzł39.3b11.5x12.2x4.4x
Tue, 30 Jun 2026zł449.4bzł109.2bzł39.4b10.3x11.4x4.1x
Thu, 28 May 2026zł445.1bzł109.2bzł39.4b10.5x11.3x4.1x
Sat, 25 Apr 2026zł425.6bzł109.0bzł40.6b9.6x10.5x3.9x
Mon, 23 Mar 2026zł383.4bzł110.3bzł40.7b9.1x9.4x3.5x
Wed, 18 Feb 2026zł404.8bzł110.4bzł40.1b9.8x10.1x3.7x
Fri, 16 Jan 2026zł378.3bzł111.3bzł38.8b9.8x9.7x3.4x
Sun, 14 Dec 2025zł361.5bzł111.3bzł38.8b9.4x9.3x3.2x
Tue, 11 Nov 2025zł350.2bzł111.3bzł38.8b9.2x9x3.1x
Thu, 09 Oct 2025zł331.4bzł110.2bzł38.1b8.7x8.7x3x
Sat, 06 Sep 2025zł325.6bzł110.2bzł38.1b8.8x8.5x3x
Mon, 04 Aug 2025zł347.7bzł108.2bzł37.3b9.4x9.3x3.2x
Wed, 02 Jul 2025zł329.6bzł106.4bzł36.1b9.4x9.1x3.1x
Fri, 30 May 2025zł333.4bzł106.4bzł36.1b9.5x9.2x3.1x
Sun, 27 Apr 2025zł354.9bzł104.3bzł33.9b10.1x10.5x3.4x
Tue, 25 Mar 2025zł343.2bzł104.4bzł34.8b9.7x9.9x3.3x
Thu, 20 Feb 2025zł322.9bzł97.5bzł32.2b9.9x10x3.3x
Sat, 18 Jan 2025zł271.7bzł96.8bzł31.1b9x8.7x2.8x
Mon, 16 Dec 2024zł266.9bzł96.8bzł31.1b8.4x8.6x2.8x
Wed, 13 Nov 2024zł270.2bzł97.2bzł31.2b9.1x8.7x2.8x
Fri, 11 Oct 2024zł266.3bzł94.7bzł30.1b9.1x8.8x2.8x
Sun, 08 Sep 2024zł272.0bzł94.7bzł30.3b9x9x2.9x
Tue, 06 Aug 2024zł262.4bzł94.5bzł28.9b10.2x9.1x2.8x
Thu, 04 Jul 2024zł296.4bzł94.1bzł28.6b10.7x10.4x3.2x
Sat, 01 Jun 2024zł286.0bzł94.1bzł28.6b9.9x10x3x
Mon, 29 Apr 2024zł305.3bzł91.8bzł27.6b11.9x11.1x3.3x
Wed, 27 Mar 2024zł309.5bzł91.5bzł27.3b11.8x11.3x3.4x
Fri, 23 Feb 2024zł291.0bzł92.7bzł28.1b9.8x10.4x3.1x
Sun, 21 Jan 2024zł246.5bzł90.8bzł28.3b9x8.7x2.7x
Tue, 19 Dec 2023zł253.3bzł90.8bzł28.3b9.3x9x2.8x
Thu, 16 Nov 2023zł236.7bzł90.8bzł28.3b7.8x8.4x2.6x
Sat, 14 Oct 2023zł199.0bzł71.7bzł13.3b10.7x15x2.8x
Mon, 11 Sep 2023zł183.0bzł71.7bzł13.3b10.4x13.8x2.6x
Wed, 09 Aug 2023zł196.9bzł69.3bzł12.9b11.1x15.3x2.8x
Price to Earnings Ratio

15.3x


Total Market Cap: zł196.9bTotal Earnings: zł12.9bTotal Revenue: zł69.3bTotal 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 45% 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 Market2.42%
Financials4.99%
Banks5.39%
Diversified Banks5.39%
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 7.1%, which is higher than its past year's earnings growth of 4.2% 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 7.1% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.1% 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
EBP Erste Bank Polskazł735.0011.1%
+zł7.5b		40.2%PB2.5x
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł111.925.0%
+zł6.7b		37.9%PB2.3x
PEO Bank Polska Kasa Opiekizł245.505.0%
+zł3.1b		23.0%PB2x
MBK mBankzł1.35k3.7%
+zł2.1b		56.1%PB2.5x
BNP BNP Paribas Bank Polskazł155.007.0%
+zł1.5b		50.5%PB1.3x

Latest News

BNP
zł155.00
BNP Paribas Bank Polska
7D
7.0%
1Y
50.5%
Analysis Article • 16h

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...
EBP
zł735.00
Erste Bank Polska
7D
11.1%
1Y
40.2%
PEO
zł245.50
Bank Polska Kasa Opieki
7D
5.0%
1Y
23.0%
MIL
zł20.66
Bank Millennium
7D
5.9%
1Y
45.1%
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.
MBK
zł1,351.50
mBank
7D
3.7%
1Y
56.1%
PKO
zł111.92
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
5.0%
1Y
37.9%
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.
ING
zł443.00
ING Bank Slaski
7D
2.5%
1Y
34.2%
Narrative Update • Jul 22

ING: Future Margins And P/E Assumptions Will Shape A Fair Outlook

Analysts have trimmed their price target for ING Bank Slaski from PLN 470 to PLN 443, citing updated assumptions around slightly lower profit margins, a revised future P/E of 14.14, and refreshed expectations for revenue growth and discount rates. What’s in the News for ING Bank Slaski No recent company specific news items for ING Bank Slaski were identified from the provided sources as of 15 Jul 2026.
ALR
zł137.60
Alior Bank
7D
3.1%
1Y
38.9%
Narrative Update • Jun 22

ALR: Revised Fair Value And Margin Outlook Will Shape Future Returns

Alior Bank's analyst price target has been revised from PLN 140.33 to PLN 144.08, with analysts citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What’s in the News for Alior Bank No recent Alior Bank news stories or key developments were provided in the available sources.