Polish (WIG) Banks Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 21 Jul 2024	zł293.5b	zł94.1b	zł28.6b	10.8x	10.3x	3.1x
Tue, 18 Jun 2024	zł279.6b	zł94.1b	zł28.6b	9.8x	9.8x	3x
Thu, 16 May 2024	zł287.6b	zł93.7b	zł28.6b	9.9x	10x	3.1x
Sat, 13 Apr 2024	zł306.2b	zł91.5b	zł27.3b	11.7x	11.2x	3.3x
Mon, 11 Mar 2024	zł286.7b	zł91.4b	zł27.3b	11.6x	10.5x	3.1x
Wed, 07 Feb 2024	zł267.5b	zł91.7b	zł28.9b	9.3x	9.3x	2.9x
Fri, 05 Jan 2024	zł253.2b	zł90.8b	zł28.3b	9.1x	9x	2.8x
Sun, 03 Dec 2023	zł255.2b	zł90.8b	zł28.3b	8.9x	9x	2.8x
Tue, 31 Oct 2023	zł222.7b	zł77.2b	zł18.2b	9.7x	12.2x	2.9x
Thu, 28 Sep 2023	zł176.3b	zł71.7b	zł13.3b	9.8x	13.2x	2.5x
Sat, 26 Aug 2023	zł189.6b	zł68.1b	zł13.2b	10.7x	14.4x	2.8x
Mon, 24 Jul 2023	zł203.5b	zł67.9b	zł11.6b	14.4x	17.6x	3x
Wed, 21 Jun 2023	zł185.3b	zł67.9b	zł11.6b	12.9x	16x	2.7x
Fri, 19 May 2023	zł166.6b	zł68.4b	zł11.3b	11.5x	14.8x	2.4x
Sun, 16 Apr 2023	zł166.0b	zł64.5b	zł10.4b	11.7x	15.9x	2.6x
Tue, 14 Mar 2023	zł149.1b	zł64.7b	zł10.2b	10.7x	14.7x	2.3x
Thu, 09 Feb 2023	zł159.7b	zł62.7b	zł6.6b	11.3x	24.3x	2.5x
Sat, 07 Jan 2023	zł165.0b	zł62.5b	zł4.9b	13.5x	33.7x	2.6x
Mon, 05 Dec 2022	zł150.5b	zł62.5b	zł4.9b	12.7x	30.8x	2.4x
Wed, 02 Nov 2022	zł137.4b	zł66.9b	zł11.3b	7.7x	12.1x	2.1x
Fri, 30 Sep 2022	zł111.6b	zł66.3b	zł12.3b	6.4x	9.1x	1.7x
Sun, 28 Aug 2022	zł122.7b	zł65.9b	zł10.8b	7.1x	11.4x	1.9x
Tue, 26 Jul 2022	zł129.8b	zł60.0b	zł10.9b	7.6x	11.9x	2.2x
Thu, 23 Jun 2022	zł140.2b	zł59.8b	zł11.7b	8.4x	12x	2.3x
Sat, 21 May 2022	zł150.8b	zł59.8b	zł11.7b	9.3x	12.9x	2.5x
Mon, 18 Apr 2022	zł181.6b	zł55.3b	zł9.1b	12.3x	19.9x	3.3x
Wed, 16 Mar 2022	zł180.7b	zł55.1b	zł9.3b	13.1x	19.4x	3.3x
Fri, 11 Feb 2022	zł230.4b	zł48.2b	zł3.2b	16.8x	71.2x	4.8x
Sun, 09 Jan 2022	zł225.5b	zł47.1b	zł4.6b	18.3x	48.8x	4.8x
Tue, 07 Dec 2021	zł217.6b	zł47.1b	zł4.6b	17.1x	47x	4.6x
Thu, 04 Nov 2021	zł230.8b	zł45.8b	zł3.7b	19.9x	62.7x	5x
Sat, 02 Oct 2021	zł198.6b	zł45.5b	zł3.9b	18.1x	50.6x	4.4x
Mon, 30 Aug 2021	zł184.5b	zł45.5b	zł3.9b	14.7x	47x	4.1x

Current Industry PE

Investors are pessimistic on the Polish Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 10.3x which is lower than its 3-year average PE of 21.8x.

The industry is trading close to its 3-year average PS ratio of 3.0x.

Past Earnings Growth

The earnings for companies in the Banks industry have grown 94% per year over the last three years.
Revenues for these companies have grown 27% 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 Market	-3.01%
Financials	-2.68%
Banks	-2.17%
Regional Banks	0%
Diversified Banks	-2.17%

Industry PE

Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 21.8x.

Analysts are expecting annual earnings growth of 8.1%, which is lower than the prior year's growth of 82.4% per year.

Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 21.8x.

Forecasted Growth

Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.1% over the next 5 years.

In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.1% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
BHW Bank Handlowy w Warszawie	zł97.40	1.5% +zł182.9m	8.9%	PB1.2x
MIL Bank Millennium	zł9.67	0.3% +zł30.3m	46.3%	PB1.7x
GTN Getin Holding	zł0.51	0.6% +zł569.3k	21.0%	PB0.9x

Company

Last Price

Valuation

BHW Bank Handlowy w Warszawie

zł97.40

1.5%
+zł182.9m

8.9%

PB1.2x

MIL Bank Millennium

zł9.67

0.3%
+zł30.3m

46.3%