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Polish (WIG) Real Estate Sector Analysis

UpdatedJan 05, 2026
DataAggregated Company Financials
Companies27
  • 7D1.7%
  • 3M-0.9%
  • 1Y13.4%
  • YTD0%

Over the last 7 days, the Real Estate industry has risen 1.9%, driven by gains from Echo Investment of 6.4%. During this same period, the MLP Group underperformed, falling 5.3%. In the last 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

Has the Polish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026zł14.6bzł9.2bzł951.4m9.6x15.4x1.6x
Wed, 03 Dec 2025zł14.2bzł9.3bzł964.8m10x14.7x1.5x
Fri, 31 Oct 2025zł14.5bzł8.4bzł886.4m10.3x16.4x1.7x
Sun, 28 Sep 2025zł14.7bzł8.3bzł898.0m10.3x16.3x1.8x
Tue, 26 Aug 2025zł15.0bzł7.7bzł1.1b14x13.2x2x
Thu, 24 Jul 2025zł15.0bzł7.7bzł1.1b12.7x13.8x2x
Sat, 21 Jun 2025zł14.1bzł7.7bzł1.1b12.9x12.3x1.8x
Mon, 19 May 2025zł14.9bzł8.1bzł1.2b10.4x12.4x1.8x
Wed, 16 Apr 2025zł14.0bzł7.8bzł1.3b8.3x10.9x1.8x
Fri, 14 Mar 2025zł13.1bzł8.2bzł1.1b8x11.4x1.6x
Sun, 09 Feb 2025zł13.0bzł8.1bzł1.1b8.8x11.6x1.6x
Tue, 07 Jan 2025zł12.9bzł8.1bzł1.1b8.6x11.5x1.6x
Thu, 05 Dec 2024zł13.0bzł8.2bzł1.2b8.1x11.2x1.6x
Sat, 02 Nov 2024zł13.5bzł8.3bzł1.4b8.2x9.4x1.6x
Mon, 30 Sep 2024zł13.8bzł8.3bzł1.4b8x9.7x1.7x
Wed, 28 Aug 2024zł13.2bzł8.5bzł1.4b6.6x9.3x1.5x
Fri, 26 Jul 2024zł13.7bzł8.5bzł851.0m6.9x16x1.6x
Sun, 23 Jun 2024zł14.5bzł8.5bzł847.0m8.1x17.1x1.7x
Tue, 21 May 2024zł15.2bzł8.2bzł900.8m8.4x16.9x1.9x
Thu, 18 Apr 2024zł15.0bzł8.0bzł619.3m6.9x24.2x1.9x
Sat, 16 Mar 2024zł14.4bzł7.9bzł422.8m7.6x34.1x1.8x
Mon, 12 Feb 2024zł14.2bzł7.9bzł412.6m6.4x34.4x1.8x
Wed, 10 Jan 2024zł14.3bzł7.1bzł248.4m5x57.6x2x
Fri, 08 Dec 2023zł13.2bzł7.1bzł247.2m5.1x53.5x1.9x
Sun, 05 Nov 2023zł13.7bzł7.2bzł273.8m5.3x50.1x1.9x
Tue, 03 Oct 2023zł13.8bzł7.1bzł238.0m6.1x57.8x1.9x
Thu, 31 Aug 2023zł13.7bzł6.8bzł425.7m7.3x32.2x2x
Sat, 29 Jul 2023zł14.0bzł6.7bzł1.1b7.6x13x2.1x
Mon, 26 Jun 2023zł13.2bzł6.7bzł1.1b7.1x12.4x2x
Wed, 24 May 2023zł13.0bzł6.7bzł1.1b7.8x11.4x1.9x
Fri, 21 Apr 2023zł12.8bzł6.5bzł1.5b6.9x8.8x2x
Sun, 19 Mar 2023zł104.9mzł158.3mzł79.3m13.6x1.3x0.7x
Tue, 14 Feb 2023zł12.5bzł6.2bzł2.1b5.5x6x2x
Thu, 12 Jan 2023zł12.2bzł6.2bzł2.0b5.2x6x2x
Price to Earnings Ratio

6x


Total Market Cap: zł12.2bTotal Earnings: zł2.0bTotal Revenue: zł6.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Real Estate Sector Price to Earnings3Y Average 19.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Polish Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.4x which is lower than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 23% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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 Real Estate sector?

PL Market3.33%
Real Estate1.72%
Real Estate1.72%
REITS0%0
Residential REITs0%0
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 37.3% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 19.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 19% 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
ECH Echo Investmentzł4.984.8%
+zł94.9m		4.4%PS1.4x
DVL Develiazł8.551.5%
+zł60.2m		45.9%PE8.4x
GTC Globe Trade Centrezł3.203.2%
+zł57.4m		-20.8%PS2.2x
MUR Murapolzł40.753.6%
+zł57.1m		19.8%PE7.1x
CAV Cavatina Holding Spólka Akcyjnazł13.903.3%
+zł11.4m		3.7%PE132x

Latest News

GTC
zł3.20
Globe Trade Centre
7D
3.2%
1Y
-20.8%

GTC: Outlook Will Balance Modest Profitability Gains With Reporting Delay Risks

Narrative Update Analysts have modestly raised their price target on Globe Trade Centre to €3.30 per share, reflecting slightly stronger expectations for revenue growth, profitability, and a marginally more attractive future earnings multiple. What's in the News Globe Trade Centre S.A. delayed the release of its consolidated Q3 2025 quarterly report, moving the publication date from 20 November 2025 to 1 December 2025, as disclosed in current report No. 3/2025.
ECH
zł4.98
Echo Investment
7D
4.8%
1Y
4.4%

ECH: Rising Profit Margins May Strengthen Future Earnings Profile

Analysts have raised their price target for Echo Investment from approximately PLN 5.80 to around PLN 7.10, reflecting improved expectations for profitability and valuation multiples, despite slightly higher perceived risk and slower projected revenue growth. Valuation Changes Fair Value: raised moderately from around PLN 5.80 to approximately PLN 7.10 per share, indicating higher estimated intrinsic value.
MLG
zł89.00
MLP Group
7D
-3.3%
1Y
30.9%

Investors Still Aren't Entirely Convinced By MLP Group S.A.'s (WSE:MLG) Earnings Despite 28% Price Jump

Dec 19
Investors Still Aren't Entirely Convinced By MLP Group S.A.'s (WSE:MLG) Earnings Despite 28% Price Jump
MUR
zł40.75
Murapol
7D
3.6%
1Y
19.8%
CZT
zł0.33
Czerwona Torebka Spólka Akcyjna
7D
32.0%
1Y
-31.3%
CAV
zł13.90
Cavatina Holding Spólka Akcyjna
7D
3.3%
1Y
3.7%
DVL
zł8.55
Develia
7D
1.5%
1Y
45.9%

Develia's (WSE:DVL) Earnings May Just Be The Starting Point

Nov 30
Develia's (WSE:DVL) Earnings May Just Be The Starting Point
EDI
zł6.96
ED Invest Spólka Akcyjna
7D
-2.5%
1Y
16.8%
RNK
zł4.50
Rank Progress
7D
5.4%
1Y
-26.0%
MVP
zł8.66
Marvipol Development
7D
1.9%
1Y
32.4%
CFI
zł0.16
CFI Holding
7D
-0.6%
1Y
-21.0%