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Polish (WIG) Real Estate Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies27
  • 7D-0.8%
  • 3M5.8%
  • 1Y18.8%
  • YTD4.9%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by declines in Develia and Echo Investment of 1.6% and 2.9%, respectively. Meanwhile, Lokum Deweloper actually outperformed within the industry, gaining 5.7% in the last week. Over the past 12 months, the industry was up 19%. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026zł15.4bzł9.2bzł951.1m10.5x16.2x1.7x
Mon, 19 Jan 2026zł14.9bzł9.2bzł951.2m9.9x15.7x1.6x
Wed, 17 Dec 2025zł14.4bzł9.2bzł951.3m9.9x15.2x1.6x
Fri, 14 Nov 2025zł15.0bzł8.3bzł871.7m10.2x17.2x1.8x
Sun, 12 Oct 2025zł14.5bzł8.4bzł886.7m10.3x16.4x1.7x
Tue, 09 Sep 2025zł14.7bzł7.9bzł939.0m11x15.7x1.9x
Thu, 07 Aug 2025zł14.8bzł7.7bzł1.1b13.5x13x1.9x
Sat, 05 Jul 2025zł14.4bzł7.7bzł1.1b12.2x12.6x1.9x
Mon, 02 Jun 2025zł14.3bzł7.7bzł1.2b12.5x12.3x1.9x
Wed, 30 Apr 2025zł14.4bzł8.0bzł1.2b8.9x11.7x1.8x
Fri, 28 Mar 2025zł13.7bzł8.2bzł1.3b8.2x10.6x1.7x
Sun, 23 Feb 2025zł12.9bzł8.1bzł1.1b8.6x11.6x1.6x
Tue, 21 Jan 2025zł13.0bzł8.1bzł1.1b8.9x11.6x1.6x
Thu, 19 Dec 2024zł12.7bzł8.2bzł1.2b7.9x10.9x1.6x
Sat, 16 Nov 2024zł13.4bzł8.3bzł1.4b7.8x9.4x1.6x
Mon, 14 Oct 2024zł13.8bzł8.3bzł1.4b8.2x9.6x1.7x
Wed, 11 Sep 2024zł12.7bzł8.4bzł1.4b7.3x9.2x1.5x
Fri, 09 Aug 2024zł13.1bzł8.5bzł851.3m6.8x15.4x1.5x
Sun, 07 Jul 2024zł14.7bzł8.5bzł846.6m8.1x17.3x1.7x
Tue, 04 Jun 2024zł15.3bzł8.3bzł830.9m8.7x18.4x1.8x
Thu, 02 May 2024zł15.1bzł8.0bzł819.9m7.8x18.5x1.9x
Sat, 30 Mar 2024zł14.8bzł7.7bzł440.6m7.5x33.7x1.9x
Mon, 26 Feb 2024zł14.2bzł7.9bzł431.1m5.4x33x1.8x
Wed, 24 Jan 2024zł14.5bzł7.1bzł248.4m5.1x58.5x2x
Fri, 22 Dec 2023zł14.1bzł7.1bzł248.4m5x56.6x2x
Sun, 19 Nov 2023zł13.3bzł7.2bzł266.4m6x50.1x1.8x
Tue, 17 Oct 2023zł14.0bzł7.2bzł271.2m5.8x51.8x2x
Thu, 14 Sep 2023zł14.0bzł7.0bzł349.6m7.5x39.9x2x
Sat, 12 Aug 2023zł13.9bzł6.7bzł1.1b7.9x12.8x2.1x
Mon, 10 Jul 2023zł13.7bzł6.7bzł1.1b7.6x12.9x2x
Wed, 07 Jun 2023zł13.1bzł6.7bzł1.1b7x12.2x2x
Fri, 05 May 2023zł12.6bzł6.5bzł1.3b6.7x9.7x2x
Sun, 02 Apr 2023zł12.2bzł5.8bzł1.3b6.8x9.1x2.1x
Tue, 28 Feb 2023zł11.9bzł6.2bzł2.1b5.5x5.8x1.9x
Price to Earnings Ratio

5.8x


Total Market Cap: zł11.9bTotal Earnings: zł2.1bTotal Revenue: zł6.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Real Estate Sector Price to Earnings3Y Average 20x202420252026
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 16.2x which is lower than its 3-year average PE of 20.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
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 Market0.65%
Real Estate-0.85%
REITS0%0
Residential REITs0%0
Real Estate-0.85%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 17.4%, 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 20.0x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 17% 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 17% 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
GTC Globe Trade Centrezł2.771.8%
+zł28.7m		-30.8%PS1.9x
LKD Lokum Deweloperzł25.503.7%
+zł16.2m		14.9%PE17.4x
CFI CFI Holdingzł0.153.4%
+zł13.8m		-11.2%PE26x
MUR Murapolzł43.300.2%
+zł4.1m		27.0%PE7.5x
TRI Triton Developmentzł3.8016.6%
+zł3.4m		26.7%PS1x

Latest News

ECH
zł5.40
Echo Investment
7D
-3.2%
1Y
25.6%

ECH: Higher Margin Outlook And Lower P/E Are Expected To Unlock Upside

Analysts have adjusted their price target on Echo Investment slightly, citing updated assumptions for revenue growth, profit margins, and future P/E as the main drivers of the new PLN value. Valuation Changes Fair Value: PLN 7.1 per share is unchanged compared with the previous estimate.
PRN
zł0.25
Partner-Nieruchomosci
7D
-13.0%
1Y
45.1%
GTC
zł2.77
Globe Trade Centre
7D
1.8%
1Y
-30.8%

GTC: Higher Future P/E Multiple Will Drive Upside Potential

Analysts have reduced their price target for Globe Trade Centre to €4.27 from €4.65, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple as the key drivers of this change. Valuation Changes Fair Value Estimate: reduced from €4.65 to €4.27 per share, reflecting the updated model inputs.
CFI
zł0.15
CFI Holding
7D
3.4%
1Y
-11.2%

CFI Holding (WSE:CFI) Seems To Use Debt Quite Sensibly

Feb 09
CFI Holding (WSE:CFI) Seems To Use Debt Quite Sensibly
MUR
zł43.30
Murapol
7D
0.2%
1Y
27.0%
EFK
zł5.60
Korporacja Gospodarcza efekt
7D
-5.9%
1Y
n/a

Is Korporacja Gospodarcza efekt (WSE:EFK) A Risky Investment?

Feb 03
Is Korporacja Gospodarcza efekt (WSE:EFK) A Risky Investment?
DVL
zł9.53
Develia
7D
-2.2%
1Y
64.0%
MVP
zł8.80
Marvipol Development
7D
-3.7%
1Y
34.6%
LKD
zł25.50
Lokum Deweloper
7D
3.7%
1Y
14.9%
LET
zł1.04
Letus Capital
7D
5.1%
1Y
-1.0%
EDI
zł7.46
ED Invest Spólka Akcyjna
7D
2.2%
1Y
14.1%
INP
zł8.45
Inpro
7D
-4.0%
1Y
32.0%
RNK
zł4.34
Rank Progress
7D
-0.7%
1Y
-6.4%
MDP
zł0.80
Medcamp
7D
12.7%
1Y
-1.0%
KCI
zł0.86
KCI Spolka Akcyjna
7D
-2.7%
1Y
-5.1%
TRI
zł3.80
Triton Development
7D
16.6%
1Y
26.7%