Analysis Article • Aug 01
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Polish (WIG) Capital Markets Industry Analysis
UpdatedAug 02, 2026
DataAggregated Company Financials
Companies41
- 7D5.3%
- 3M27.3%
- 1Y67.7%
- YTD58.4%
In the last week, the Capital Markets industry is up 5.3%, with XTB up 8.6%. In the last 12 months, the industry was up 68%. As for the next few years, earnings are expected to grow by 4.6% per annum.
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, 03 Aug 2026 | zł27.2b | zł6.5b | zł1.7b | 16.7x | 15.9x | 4.2x |
| Wed, 01 Jul 2026 | zł21.9b | zł6.4b | zł1.4b | 15.1x | 16.1x | 3.4x |
| Fri, 29 May 2026 | zł21.3b | zł6.4b | zł1.3b | 18.4x | 15.8x | 3.3x |
| Sun, 26 Apr 2026 | zł21.9b | zł5.1b | zł975.8m | 21.4x | 22.4x | 4.3x |
| Tue, 24 Mar 2026 | zł19.9b | zł4.7b | zł962.6m | 22.3x | 20.6x | 4.2x |
| Thu, 19 Feb 2026 | zł19.8b | zł4.6b | zł955.9m | 15.3x | 20.7x | 4.3x |
| Sat, 17 Jan 2026 | zł17.7b | zł4.6b | zł956.6m | 14.1x | 18.5x | 3.8x |
| Mon, 15 Dec 2025 | zł16.4b | zł4.6b | zł970.1m | 13.6x | 16.9x | 3.5x |
| Wed, 12 Nov 2025 | zł16.8b | zł4.4b | zł976.2m | 22x | 17.2x | 3.8x |
| Fri, 10 Oct 2025 | zł16.4b | zł4.6b | zł1.1b | 23.2x | 14.6x | 3.6x |
| Sun, 07 Sep 2025 | zł17.0b | zł4.5b | zł1.1b | 13.5x | 15.6x | 3.8x |
| Tue, 05 Aug 2025 | zł14.5b | zł4.3b | zł974.1m | 15.2x | 14.9x | 3.4x |
| Thu, 03 Jul 2025 | zł14.9b | zł4.3b | zł977.3m | 13.3x | 15.3x | 3.4x |
| Sat, 31 May 2025 | zł15.5b | zł4.3b | zł1.0b | 13.1x | 15.4x | 3.6x |
| Mon, 28 Apr 2025 | zł14.8b | zł4.2b | zł1.1b | 22.2x | 12.9x | 3.5x |
| Wed, 26 Mar 2025 | zł13.7b | zł4.2b | zł1.2b | 26.5x | 11.9x | 3.3x |
| Fri, 21 Feb 2025 | zł13.3b | zł4.1b | zł1.1b | 17.3x | 11.6x | 3.3x |
| Sun, 19 Jan 2025 | zł14.0b | zł4.1b | zł1.2b | 11.5x | 11.5x | 3.4x |
| Tue, 17 Dec 2024 | zł13.2b | zł4.1b | zł1.2b | 11.3x | 10.9x | 3.2x |
| Thu, 14 Nov 2024 | zł13.2b | zł4.0b | zł1.3b | 11.7x | 10.2x | 3.3x |
| Sat, 12 Oct 2024 | zł12.7b | zł3.8b | zł1.2b | 11.8x | 10.7x | 3.3x |
| Mon, 09 Sep 2024 | zł12.4b | zł4.0b | zł1.3b | 10.6x | 9.2x | 3.1x |
| Wed, 07 Aug 2024 | zł11.7b | zł3.9b | zł1.4b | 9.5x | 8.6x | 3x |
| Fri, 05 Jul 2024 | zł13.4b | zł3.8b | zł1.3b | 10.2x | 10.2x | 3.5x |
| Sun, 02 Jun 2024 | zł13.0b | zł3.8b | zł1.3b | 10.1x | 10x | 3.4x |
| Tue, 30 Apr 2024 | zł12.6b | zł3.8b | zł1.3b | 9.2x | 9.9x | 3.4x |
| Thu, 28 Mar 2024 | zł11.8b | zł3.8b | zł1.3b | 12.7x | 8.8x | 3.1x |
| Sat, 24 Feb 2024 | zł10.7b | zł3.9b | zł1.3b | 18.2x | 8.2x | 2.8x |
| Mon, 22 Jan 2024 | zł10.2b | zł3.3b | zł861.1m | 18.4x | 11.8x | 3.1x |
| Wed, 20 Dec 2023 | zł9.9b | zł3.3b | zł859.0m | 18.2x | 11.5x | 3x |
| Fri, 17 Nov 2023 | zł9.0b | zł3.4b | zł837.0m | 17.2x | 10.7x | 2.6x |
| Sun, 15 Oct 2023 | zł8.6b | zł3.5b | zł957.9m | 18.2x | 9x | 2.4x |
| Tue, 12 Sep 2023 | zł8.7b | zł3.5b | zł870.5m | 22.6x | 10x | 2.5x |
| Thu, 10 Aug 2023 | zł9.5b | zł3.5b | zł877.2m | 21.9x | 10.8x | 2.7x |
Price to Earnings Ratio
10.8x
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 15.9x 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 4.2x.
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 22% 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 | 2.42% | |
| Financials | 4.99% | |
| Capital Markets | 5.34% | |
| Investment Banking and Brokerage | 8.49% | |
| Diversified Capital Markets | 0% | 0 |
| Asset Management | -0.27% | |
| Financial Exchanges and Data | -0.41% | |
Industry PE
- Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 32.1x.
- 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 11.0x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 5.3% 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 | zł148.72 | 8.6% +zł1.4b | 112.1% | PE13.9x | |
| IPE IPOPEMA Securities | zł8.20 | 8.8% +zł19.8m | 175.2% | PE8.3x | |
| RNC REINO Capital | zł1.48 | 12.1% +zł14.0m | 39.6% | PE41x | |
| PRA Prime Alternatywna Spolka Inwestycyjna Spolka Akcyjna | zł0.48 | 19.0% +zł8.9m | -60.3% | PB7.2x | |
| APC Apollo Capital ASI Spólka Akcyjna | zł4.30 | 48.3% +zł6.4m | 599.2% | PE9.9x |