Analysis Article • Aug 04
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Polish (WIG) Capital Markets Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies41
- 7D10.6%
- 3M34.2%
- 1Y76.9%
- YTD75.2%
The Capital Markets industry is up 11% in the last week, with XTB up 13%. In the same time, REINO Capital was down 6.1%. This means that the industry has gained 77% over the past year. Earnings are forecast to grow by 5.7% 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 |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | zł30.1b | zł6.5b | zł1.7b | 18.3x | 17.7x | 4.6x |
| Tue, 07 Jul 2026 | zł24.0b | zł6.5b | zł1.4b | 16.8x | 17.2x | 3.7x |
| Thu, 04 Jun 2026 | zł21.9b | zł6.4b | zł1.3b | 22.3x | 16.3x | 3.4x |
| Sat, 02 May 2026 | zł21.3b | zł5.1b | zł979.1m | 20.8x | 21.8x | 4.2x |
| Mon, 30 Mar 2026 | zł19.3b | zł4.8b | zł958.2m | 23.5x | 20.1x | 4x |
| Wed, 25 Feb 2026 | zł19.8b | zł4.6b | zł963.2m | 23x | 20.6x | 4.3x |
| Fri, 23 Jan 2026 | zł17.9b | zł4.6b | zł956.6m | 14.1x | 18.7x | 3.9x |
| Sun, 21 Dec 2025 | zł16.2b | zł4.6b | zł970.0m | 13.4x | 16.8x | 3.5x |
| Tue, 18 Nov 2025 | zł16.4b | zł4.4b | zł976.1m | 19.6x | 16.8x | 3.7x |
| Thu, 16 Oct 2025 | zł16.1b | zł4.6b | zł1.1b | 22.9x | 14.4x | 3.5x |
| Sat, 13 Sep 2025 | zł17.0b | zł4.6b | zł1.1b | 15.9x | 15.4x | 3.7x |
| Mon, 11 Aug 2025 | zł15.2b | zł4.4b | zł1.0b | 16.3x | 14.8x | 3.4x |
| Wed, 09 Jul 2025 | zł14.5b | zł4.3b | zł977.3m | 13.9x | 14.8x | 3.3x |
| Fri, 06 Jun 2025 | zł15.2b | zł4.3b | zł1.0b | 13.6x | 15x | 3.5x |
| Sun, 04 May 2025 | zł15.1b | zł4.2b | zł1.2b | 21.8x | 13.1x | 3.6x |
| Tue, 01 Apr 2025 | zł13.4b | zł4.3b | zł1.2b | 12.8x | 11.4x | 3.1x |
| Thu, 27 Feb 2025 | zł13.2b | zł4.1b | zł1.1b | 18.9x | 11.5x | 3.2x |
| Sat, 25 Jan 2025 | zł14.1b | zł4.1b | zł1.2b | 11.5x | 11.6x | 3.5x |
| Mon, 23 Dec 2024 | zł12.8b | zł4.1b | zł1.2b | 11.1x | 10.5x | 3.1x |
| Wed, 20 Nov 2024 | zł13.1b | zł4.0b | zł1.2b | 12x | 10.6x | 3.3x |
| Fri, 18 Oct 2024 | zł12.4b | zł3.8b | zł1.2b | 11.8x | 10.4x | 3.2x |
| Sun, 15 Sep 2024 | zł12.4b | zł4.0b | zł1.3b | 11.1x | 9.2x | 3.1x |
| Tue, 13 Aug 2024 | zł12.1b | zł3.9b | zł1.4b | 10.3x | 8.9x | 3.1x |
| Thu, 11 Jul 2024 | zł13.7b | zł3.8b | zł1.3b | 10x | 10.5x | 3.6x |
| Sat, 08 Jun 2024 | zł12.9b | zł3.8b | zł1.3b | 10.1x | 9.9x | 3.4x |
| Mon, 06 May 2024 | zł12.3b | zł3.8b | zł1.3b | 9.6x | 9.5x | 3.3x |
| Wed, 03 Apr 2024 | zł11.8b | zł3.7b | zł1.2b | 11.7x | 9.5x | 3.2x |
| Fri, 01 Mar 2024 | zł10.9b | zł3.9b | zł1.3b | 16.3x | 8.3x | 2.8x |
| Sun, 28 Jan 2024 | zł10.2b | zł3.3b | zł861.1m | 18.4x | 11.9x | 3.1x |
| Tue, 26 Dec 2023 | zł10.0b | zł3.3b | zł859.2m | 19.1x | 11.6x | 3x |
| Thu, 23 Nov 2023 | zł9.2b | zł3.4b | zł844.1m | 17.8x | 10.9x | 2.7x |
| Sat, 21 Oct 2023 | zł8.6b | zł3.5b | zł958.0m | 18.5x | 9x | 2.4x |
| Mon, 18 Sep 2023 | zł8.8b | zł3.5b | zł872.8m | 22.6x | 10x | 2.5x |
| Wed, 16 Aug 2023 | zł9.5b | zł3.5b | zł865.8m | 22.9x | 10.9x | 2.7x |
Price to Earnings Ratio
10.9x
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 17.6x which is higher than its 3-year average PE of 12.8x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 23% 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 | 1.96% | |
| Financials | 0.71% | |
| Capital Markets | 10.57% | |
| Investment Banking and Brokerage | 12.65% | |
| Asset Management | 6.66% | |
| Financial Exchanges and Data | 6.31% | |
| Diversified Capital Markets | 0% | 0 |
Industry PE
- Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 31.7x.
- 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 11.1x.
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.
- 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 | zł168.00 | 13.0% +zł2.3b | 117.1% | PE15.7x | |
| GPW Gielda Papierów Wartosciowych w Warszawie | zł106.50 | 6.4% +zł268.6m | 84.6% | PE20.9x | |
| GNS Grupa Niewiadów - PGM | zł14.00 | 14.3% +zł245.4m | 3.4% | PS28x | |
| MCI MCI Capital Alternatywna Spólka Inwestycyjna | zł28.70 | 3.2% +zł47.2m | 1.8% | PE44.4x | |
| IPE IPOPEMA Securities | zł8.92 | 8.8% +zł21.6m | 205.5% | PE9x |