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Polish (WIG) Capital Markets Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies43
  • 7D-0.4%
  • 3M-5.5%
  • 1Y11.6%
  • YTD1.6%

Over the last 7 days, the Capital Markets industry has remained flat, although notably Grupa Niewiadów - PGM declined by 13%. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.

Industry Valuation and Performance

Has the Polish Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025zł16.1bzł4.6bzł970.0m13.4x16.6x3.5x
Fri, 21 Nov 2025zł16.6bzł4.5bzł970.0m18.6x17.1x3.7x
Sun, 19 Oct 2025zł16.2bzł4.6bzł1.1b22.2x14.4x3.5x
Tue, 16 Sep 2025zł17.1bzł4.6bzł1.1b16.6x15.4x3.7x
Thu, 14 Aug 2025zł15.0bzł4.3bzł1.0b16x14.6x3.5x
Sat, 12 Jul 2025zł14.5bzł4.3bzł977.3m14.5x14.8x3.3x
Mon, 09 Jun 2025zł15.2bzł4.3bzł1.0b13.5x15.1x3.5x
Wed, 07 May 2025zł15.4bzł4.2bzł1.1b23.1x13.6x3.7x
Fri, 04 Apr 2025zł13.4bzł4.2bzł1.2b13x11.5x3.2x
Sun, 02 Mar 2025zł13.0bzł4.1bzł1.1b18.9x11.3x3.2x
Tue, 28 Jan 2025zł14.1bzł4.1bzł1.2b11.4x11.6x3.5x
Thu, 26 Dec 2024zł13.0bzł4.1bzł1.2b11.1x10.7x3.2x
Sat, 23 Nov 2024zł13.2bzł4.0bzł1.2b11.1x10.7x3.3x
Mon, 21 Oct 2024zł12.4bzł3.8bzł1.2b11.8x10.4x3.2x
Wed, 18 Sep 2024zł12.5bzł4.0bzł1.3b11.2x9.3x3.2x
Fri, 16 Aug 2024zł12.2bzł3.9bzł1.4b9.4x9x3.1x
Sun, 14 Jul 2024zł13.8bzł3.8bzł1.3b10.1x10.5x3.6x
Tue, 11 Jun 2024zł12.9bzł3.8bzł1.3b10.2x9.9x3.4x
Thu, 09 May 2024zł13.1bzł3.8bzł1.3b10.3x10.2x3.5x
Sat, 06 Apr 2024zł11.9bzł3.7bzł1.2b11.6x9.5x3.2x
Mon, 04 Mar 2024zł11.0bzł3.9bzł1.3b16.3x8.4x2.8x
Wed, 31 Jan 2024zł10.3bzł3.3bzł861.1m18.5x11.9x3.1x
Fri, 29 Dec 2023zł10.0bzł3.3bzł859.2m19x11.7x3x
Sun, 26 Nov 2023zł9.1bzł3.4bzł839.2m17.3x10.8x2.7x
Tue, 24 Oct 2023zł8.7bzł3.5bzł959.8m19.3x9x2.4x
Thu, 21 Sep 2023zł8.8bzł3.5bzł872.8m22.1x10.1x2.5x
Sat, 19 Aug 2023zł9.4bzł3.5bzł868.9m22.6x10.9x2.7x
Mon, 17 Jul 2023zł9.8bzł3.7bzł984.5m23.2x9.9x2.7x
Wed, 14 Jun 2023zł9.8bzł3.7bzł986.9m20x9.9x2.7x
Fri, 12 May 2023zł9.3bzł3.9bzł1.0b16.6x9.2x2.4x
Sun, 09 Apr 2023zł8.5bzł3.9bzł1.0b17.2x8.4x2.2x
Tue, 07 Mar 2023zł8.9bzł4.0bzł1.0b17.5x8.7x2.2x
Thu, 02 Feb 2023zł8.5bzł4.0bzł1.0b18.7x8.2x2.1x
Sat, 31 Dec 2022zł8.2bzł4.0bzł1.0b15.3x7.9x2x
Price to Earnings Ratio

7.9x


Total Market Cap: zł8.2bTotal Earnings: zł1.0bTotal Revenue: zł4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Capital Markets Industry Price to Earnings3Y Average 10.8x202320242025
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 16.8x which is higher than its 3-year average PE of 10.8x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 2.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.8% 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 Market1.74%
Financials2.10%
Capital Markets-0.44%
Investment Banking and Brokerage2.31%
Financial Exchanges and Data1.15%
Diversified Capital Markets0%0
Asset Management-6.04%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 34.9x.
    • 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 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings decline by 2.4% 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
XTB XTBzł71.042.5%
+zł204.6m		2.2%PE12.8x
GPW Gielda Papierów Wartosciowych w Warszawiezł64.051.2%
+zł31.5m		58.0%PE13.9x
SKH Skarbiec Holdingzł33.004.4%
+zł9.5m		50.7%PE3.6x
CSR Caspar Asset Managementzł4.9823.3%
+zł9.3m		-28.9%PE29.4x
IPE IPOPEMA Securitieszł3.961.8%
+zł2.1m		65.7%PE12.9x

Latest News

CSR
zł4.98
Caspar Asset Management
7D
23.3%
1Y
-28.9%

Subdued Growth No Barrier To Caspar Asset Management S.A. (WSE:CSR) With Shares Advancing 26%

Dec 23
Subdued Growth No Barrier To Caspar Asset Management S.A. (WSE:CSR) With Shares Advancing 26%
IPE
zł3.96
IPOPEMA Securities
7D
1.8%
1Y
65.7%

IPOPEMA Securities S.A.'s (WSE:IPE) Shares Leap 27% Yet They're Still Not Telling The Full Story

Dec 23
IPOPEMA Securities S.A.'s (WSE:IPE) Shares Leap 27% Yet They're Still Not Telling The Full Story
ALI
zł3.04
Altus
7D
-10.9%
1Y
48.3%

Altus S.A. (WSE:ALI) Stock Rockets 25% But Many Are Still Ignoring The Company

Dec 16
Altus S.A. (WSE:ALI) Stock Rockets 25% But Many Are Still Ignoring The Company
BBD
zł5.40
BBI Development
7D
3.8%
1Y
47.5%
SKH
zł33.00
Skarbiec Holding
7D
4.4%
1Y
50.7%

Skarbiec Holding S.A. (WSE:SKH) Screens Well But There Might Be A Catch

Dec 02
Skarbiec Holding S.A. (WSE:SKH) Screens Well But There Might Be A Catch
INC
zł1.53
INC
7D
5.5%
1Y
4.8%
RNC
zł0.79
REINO Capital
7D
-5.4%
1Y
-41.4%
MCI
zł27.80
MCI Capital Alternatywna Spólka Inwestycyjna
7D
-1.4%
1Y
14.4%
XTB
zł71.04
XTB
7D
2.5%
1Y
2.2%
JRH
zł4.80
JR Holding ASI
7D
-2.0%
1Y
-43.3%
GPW
zł64.05
Gielda Papierów Wartosciowych w Warszawie
7D
1.2%
1Y
58.0%
CAI
zł2.49
Carlson Investments
7D
-16.4%
1Y
-27.8%
AIN
zł1.08
ABS Investment ASI
7D
17.4%
1Y
n/a
QRS
zł12.75
Quercus TFI
7D
-1.5%
1Y
67.8%
MBF
zł4.70
MBF Group
7D
-15.8%
1Y
250.7%