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Polish (WIG) Capital Markets Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies42
- 7D1.4%
- 3M-0.6%
- 1Y24.7%
- YTD21.9%
Over the last 7 days, the Capital Markets industry has remained flat, although notably XTB gained 4.4%. The past year has been better, since the industry has gained 23% in that time. Looking forward, earnings are forecast to grow by 4.7% annually.
Industry Valuation and Performance
Has the Polish Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 11 Nov 2025 | zł16.8b | zł4.4b | zł977.6m | 22x | 17.2x | 3.8x |
| Thu, 09 Oct 2025 | zł16.3b | zł4.6b | zł1.1b | 23.1x | 14.5x | 3.6x |
| Sat, 06 Sep 2025 | zł17.0b | zł4.5b | zł1.1b | 13.5x | 15.6x | 3.8x |
| Mon, 04 Aug 2025 | zł14.2b | zł4.3b | zł974.1m | 15x | 14.6x | 3.3x |
| Wed, 02 Jul 2025 | zł15.4b | zł4.3b | zł977.3m | 13.5x | 15.8x | 3.5x |
| Fri, 30 May 2025 | zł15.5b | zł4.3b | zł1.0b | 12.9x | 15.4x | 3.6x |
| Sun, 27 Apr 2025 | zł14.8b | zł4.2b | zł1.1b | 22.2x | 12.9x | 3.5x |
| Tue, 25 Mar 2025 | zł13.4b | zł4.2b | zł1.2b | 28.3x | 11.7x | 3.2x |
| Thu, 20 Feb 2025 | zł13.3b | zł4.1b | zł1.2b | 13.7x | 11.4x | 3.3x |
| Sat, 18 Jan 2025 | zł14.0b | zł4.1b | zł1.2b | 11.5x | 11.5x | 3.4x |
| Mon, 16 Dec 2024 | zł13.3b | zł4.1b | zł1.2b | 11.3x | 10.9x | 3.2x |
| Wed, 13 Nov 2024 | zł13.3b | zł4.0b | zł1.3b | 11.7x | 10.2x | 3.3x |
| Fri, 11 Oct 2024 | zł12.6b | zł3.8b | zł1.2b | 11.8x | 10.6x | 3.3x |
| Sun, 08 Sep 2024 | zł12.4b | zł4.0b | zł1.3b | 10.6x | 9.2x | 3.1x |
| Tue, 06 Aug 2024 | zł11.5b | zł3.9b | zł1.4b | 9.3x | 8.5x | 2.9x |
| Thu, 04 Jul 2024 | zł13.4b | zł3.8b | zł1.3b | 10.2x | 10.3x | 3.5x |
| Sat, 01 Jun 2024 | zł13.0b | zł3.8b | zł1.3b | 10.1x | 10x | 3.4x |
| Mon, 29 Apr 2024 | zł12.7b | zł3.8b | zł1.3b | 9.3x | 9.9x | 3.4x |
| Wed, 27 Mar 2024 | zł11.5b | zł3.8b | zł1.3b | 12.7x | 8.6x | 3.1x |
| Fri, 23 Feb 2024 | zł10.7b | zł3.9b | zł1.3b | 18.2x | 8.2x | 2.8x |
| Sun, 21 Jan 2024 | zł10.2b | zł3.3b | zł861.1m | 18.4x | 11.8x | 3.1x |
| Tue, 19 Dec 2023 | zł9.9b | zł3.3b | zł859.0m | 17.9x | 11.5x | 2.9x |
| Thu, 16 Nov 2023 | zł9.0b | zł3.4b | zł837.0m | 19.1x | 10.7x | 2.6x |
| Sat, 14 Oct 2023 | zł8.6b | zł3.5b | zł958.0m | 18.2x | 9x | 2.4x |
| Mon, 11 Sep 2023 | zł8.8b | zł3.5b | zł870.5m | 23.4x | 10.1x | 2.5x |
| Wed, 09 Aug 2023 | zł9.6b | zł3.5b | zł877.2m | 21.9x | 10.9x | 2.7x |
| Fri, 07 Jul 2023 | zł9.9b | zł3.7b | zł984.7m | 22.9x | 10x | 2.7x |
| Sun, 04 Jun 2023 | zł9.8b | zł3.7b | zł989.0m | 18.8x | 9.9x | 2.7x |
| Tue, 02 May 2023 | zł9.4b | zł3.9b | zł1.0b | 17.8x | 9.3x | 2.4x |
| Thu, 30 Mar 2023 | zł8.3b | zł3.9b | zł1.0b | 17.1x | 8.2x | 2.1x |
| Sat, 25 Feb 2023 | zł8.5b | zł4.0b | zł1.0b | 17.6x | 8.3x | 2.1x |
| Mon, 23 Jan 2023 | zł8.6b | zł4.0b | zł1.0b | 17.8x | 8.4x | 2.2x |
| Wed, 21 Dec 2022 | zł8.2b | zł4.0b | zł1.0b | 16x | 8x | 2x |
| Fri, 18 Nov 2022 | zł8.0b | zł4.0b | zł1.1b | 10.2x | 7.5x | 2x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are optimistic on the Polish Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 10.4x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Financials industry?
| PL Market | 0.86% | |
| Financials | 1.38% | |
| Capital Markets | 1.43% | |
| Investment Banking and Brokerage | 4.17% | |
| Diversified Capital Markets | 0% | 0 |
| Financial Exchanges and Data | -0.86% | |
| Asset Management | -1.62% | |
Industry PE
- Investors are most optimistic about the Asset Management industry, which is trading close to its 3-year average PE ratio of 34.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.8x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 6.6% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| XTB XTB | zł71.40 | 4.4% +zł350.4m | 4.3% | PE12.8x | |
| BBD BBI Development | zł5.75 | 13.9% +zł7.0m | 47.8% | PE61.2x | |
| SKH Skarbiec Holding | zł31.40 | 1.6% +zł3.4m | 34.2% | PE3.5x | |
| RNC REINO Capital | zł0.81 | 4.5% +zł3.1m | -40.4% | PS1.8x | |
| 06N Magna Polonia | zł3.19 | 7.4% +zł3.0m | 6.3% | PS6.6x |