Analysis Article • May 06
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Polish (WIG) Capital Markets Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies42
- 7D2.0%
- 3M16.3%
- 1Y18.3%
- YTD27.3%
In the last week, the Capital Markets industry is up 2.0%, with Gielda Papierów Wartosciowych w Warszawie up 11%. In the last 12 months, the industry was up 18%. Looking forward, earnings are forecast to decline by 4.9% per year.
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 |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | zł21.8b | zł5.7b | zł1.3b | 21.4x | 16.6x | 3.8x |
| Wed, 08 Apr 2026 | zł20.6b | zł4.8b | zł958.2m | 23.9x | 21.5x | 4.3x |
| Fri, 06 Mar 2026 | zł20.4b | zł4.7b | zł962.6m | 23.3x | 21.1x | 4.3x |
| Sun, 01 Feb 2026 | zł18.7b | zł4.6b | zł956.6m | 14.3x | 19.5x | 4x |
| Tue, 30 Dec 2025 | zł16.4b | zł4.6b | zł956.6m | 13.5x | 17.1x | 3.5x |
| Thu, 27 Nov 2025 | zł16.2b | zł4.6b | zł974.3m | 16.4x | 16.7x | 3.6x |
| Sat, 25 Oct 2025 | zł16.5b | zł4.6b | zł1.1b | 21.9x | 14.6x | 3.6x |
| Mon, 22 Sep 2025 | zł16.6b | zł4.6b | zł1.1b | 18.7x | 14.9x | 3.6x |
| Wed, 20 Aug 2025 | zł15.1b | zł4.4b | zł1.0b | 15.1x | 14.7x | 3.5x |
| Fri, 18 Jul 2025 | zł14.4b | zł4.3b | zł972.5m | 15.5x | 14.9x | 3.3x |
| Sun, 15 Jun 2025 | zł14.5b | zł4.3b | zł1.0b | 12.9x | 14.5x | 3.3x |
| Tue, 13 May 2025 | zł16.2b | zł4.2b | zł1.1b | 31.3x | 14.5x | 3.9x |
| Thu, 10 Apr 2025 | zł13.6b | zł4.2b | zł1.2b | 12.3x | 11.8x | 3.2x |
| Sat, 08 Mar 2025 | zł12.9b | zł4.1b | zł1.1b | 19.1x | 11.2x | 3.2x |
| Mon, 03 Feb 2025 | zł12.8b | zł4.1b | zł1.2b | 11.8x | 11x | 3.1x |
| Wed, 01 Jan 2025 | zł13.1b | zł4.1b | zł1.2b | 11.1x | 10.8x | 3.2x |
| Fri, 29 Nov 2024 | zł13.3b | zł4.1b | zł1.2b | 11.5x | 10.7x | 3.3x |
| Sun, 27 Oct 2024 | zł12.7b | zł3.9b | zł1.2b | 11.9x | 10.5x | 3.3x |
| Tue, 24 Sep 2024 | zł12.3b | zł3.8b | zł1.3b | 12x | 9.7x | 3.2x |
| Thu, 22 Aug 2024 | zł12.6b | zł4.0b | zł1.4b | 10.1x | 9.3x | 3.2x |
| Sat, 20 Jul 2024 | zł12.1b | zł3.8b | zł1.3b | 9.4x | 9.2x | 3.2x |
| Mon, 17 Jun 2024 | zł13.0b | zł3.8b | zł1.3b | 9.8x | 10x | 3.4x |
| Wed, 15 May 2024 | zł13.4b | zł3.8b | zł1.3b | 10.5x | 10.4x | 3.6x |
| Fri, 12 Apr 2024 | zł11.9b | zł3.7b | zł1.3b | 11.2x | 9.5x | 3.2x |
| Sun, 10 Mar 2024 | zł11.3b | zł3.9b | zł1.3b | 14.9x | 8.5x | 2.9x |
| Tue, 06 Feb 2024 | zł10.7b | zł3.6b | zł1.0b | 19.8x | 10.2x | 3x |
| Thu, 04 Jan 2024 | zł9.8b | zł3.3b | zł859.5m | 19.6x | 11.4x | 2.9x |
| Sat, 02 Dec 2023 | zł9.1b | zł3.3b | zł858.5m | 17.3x | 10.6x | 2.7x |
| Mon, 30 Oct 2023 | zł8.7b | zł3.4b | zł831.2m | 18.9x | 10.4x | 2.5x |
| Wed, 27 Sep 2023 | zł8.6b | zł3.5b | zł879.9m | 19.1x | 9.8x | 2.4x |
| Fri, 25 Aug 2023 | zł8.9b | zł3.5b | zł867.3m | 21.8x | 10.2x | 2.5x |
| Sun, 23 Jul 2023 | zł10.0b | zł3.7b | zł984.5m | 23x | 10.2x | 2.7x |
| Tue, 20 Jun 2023 | zł9.7b | zł3.7b | zł986.9m | 21.5x | 9.9x | 2.7x |
| Thu, 18 May 2023 | zł9.3b | zł3.7b | zł1.0b | 17x | 9.3x | 2.5x |
Price to Earnings Ratio
9.3x
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 16.6x which is higher than its 3-year average PE of 12.2x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 9.3% per year over the last three years.
- Revenues for these companies have grown 15% 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 | 1.21% | |
| Financials | 0.27% | |
| Capital Markets | 2.03% | |
| Financial Exchanges and Data | 10.39% | |
| Asset Management | 4.30% | |
| Diversified Capital Markets | 0% | 0 |
| Investment Banking and Brokerage | -1.16% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 35.8x.
- 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 10.5x.
Forecasted Growth
- Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 3.3% over the next 5 years.
- This is better than its past earnings decline of 5.4% per year.
- In contrast, the Investment Banking and Brokerage industry is expected to see its earnings decline by 7.4% per year 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 | |
|---|---|---|---|---|---|
| GPW Gielda Papierów Wartosciowych w Warszawie | zł83.05 | 10.5% +zł331.6m | 63.0% | PE17.6x | |
| GNS Grupa Niewiadów - PGM | zł19.00 | 9.2% +zł224.3m | n/a | PS38x | |
| MCI MCI Capital Alternatywna Spólka Inwestycyjna | zł28.50 | 2.9% +zł42.0m | 14.9% | PE904x | |
| IPE IPOPEMA Securities | zł6.80 | 8.6% +zł16.2m | 112.5% | PE22.1x | |
| ALI Altus | zł2.91 | 7.0% +zł7.8m | 21.3% | PE8.4x |
