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Polish (WIG) Real Estate Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies28
  • 7D3.7%
  • 3M0.02%
  • 1Y12.0%
  • YTD-0.02%

The Real Estate industry is up 3.9% in the last week, with Develia up 7.1%. This means that the industry has gained 10% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026zł14.7bzł9.6bzł1.4b6.4x10.8x1.5x
Thu, 05 Mar 2026zł14.9bzł9.2bzł950.3m10.1x15.7x1.6x
Sat, 31 Jan 2026zł15.1bzł9.2bzł951.4m10.2x15.9x1.7x
Mon, 29 Dec 2025zł14.4bzł9.2bzł951.3m9.8x15.1x1.6x
Wed, 26 Nov 2025zł14.4bzł8.6bzł1.0b9.6x14x1.7x
Fri, 24 Oct 2025zł14.7bzł8.3bzł886.0m10.7x16.5x1.8x
Sun, 21 Sep 2025zł14.4bzł8.5bzł903.5m9.7x16x1.7x
Tue, 19 Aug 2025zł15.1bzł7.7bzł1.1b13.5x13.3x2x
Thu, 17 Jul 2025zł14.7bzł7.7bzł1.1b12.8x12.8x1.9x
Sat, 14 Jun 2025zł14.2bzł7.7bzł1.2b12.8x12.3x1.9x
Mon, 12 May 2025zł14.8bzł8.1bzł1.2b9.2x12.2x1.8x
Wed, 09 Apr 2025zł13.3bzł7.8bzł1.3b7.6x10.3x1.7x
Fri, 07 Mar 2025zł13.0bzł8.2bzł1.1b8.1x11.3x1.6x
Sun, 02 Feb 2025zł12.8bzł8.1bzł1.1b8.8x11.5x1.6x
Tue, 31 Dec 2024zł12.5bzł8.1bzł1.1b8.7x11.2x1.5x
Thu, 28 Nov 2024zł13.2bzł8.2bzł1.2b8.7x10.9x1.6x
Sat, 26 Oct 2024zł13.4bzł8.3bzł1.4b8.4x9.3x1.6x
Mon, 23 Sep 2024zł13.3bzł8.3bzł1.4b7.5x9.3x1.6x
Wed, 21 Aug 2024zł13.3bzł8.5bzł850.7m6.8x15.7x1.6x
Fri, 19 Jul 2024zł14.1bzł8.5bzł851.0m7.1x16.6x1.7x
Sun, 16 Jun 2024zł14.3bzł8.4bzł789.2m8.3x18.1x1.7x
Tue, 14 May 2024zł15.1bzł8.2bzł994.0m8.4x15.2x1.8x
Thu, 11 Apr 2024zł14.8bzł8.0bzł619.0m7x23.9x1.8x
Sat, 09 Mar 2024zł14.4bzł7.9bzł422.8m7.5x34.2x1.8x
Mon, 05 Feb 2024zł15.2bzł7.1bzł248.4m5.1x61.4x2.1x
Wed, 03 Jan 2024zł14.2bzł7.1bzł248.4m5.1x57.1x2x
Fri, 01 Dec 2023zł13.3bzł7.1bzł251.0m5.7x53.2x1.9x
Sun, 29 Oct 2023zł13.7bzł7.2bzł272.2m5.5x50.3x1.9x
Tue, 26 Sep 2023zł14.0bzł6.9bzł281.5m7.1x49.6x2x
Thu, 24 Aug 2023zł14.0bzł6.8bzł1.1b7.4x12.3x2.1x
Sat, 22 Jul 2023zł14.1bzł6.7bzł1.1b7.8x13x2.1x
Mon, 19 Jun 2023zł13.3bzł6.7bzł1.1b7.2x12.4x2x
Wed, 17 May 2023zł13.0bzł6.5bzł1.1b7.9x12x2x
Fri, 14 Apr 2023zł12.6bzł6.5bzł1.5b6x8.6x1.9x
Price to Earnings Ratio

8.6x


Total Market Cap: zł12.6bTotal Earnings: zł1.5bTotal Revenue: zł6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Real Estate Sector Price to Earnings3Y Average 20.3x202420252026
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 10.8x which is lower than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 2.6% 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 Market4.29%
Real Estate3.71%
Real Estate3.71%
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 20.3x.
    • Analysts are expecting annual earnings growth of 14.0%, which is lower than the prior year's growth of 23.3% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 20.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 23% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 14% 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
MLG MLP Groupzł95.006.0%
+zł129.6m		15.9%PE5x
DVL Develiazł9.052.1%
+zł88.0m		42.7%PE8.9x
GTC Globe Trade Centrezł2.551.6%
+zł23.0m		-33.1%PS1.7x
EDI ED Invest Spólka Akcyjnazł9.6011.9%
+zł10.1m		57.9%PE28x
INP Inprozł7.953.2%
+zł10.0m		11.2%PE5.1x

Latest News

CAV
zł14.10
Cavatina Holding Spólka Akcyjna
7D
0.7%
1Y
-1.4%
ECH
zł5.28
Echo Investment
7D
0.4%
1Y
16.6%

ECH: Fair Outlook Will Balance Slower Revenue With Slightly Stronger Profitability

Analysts have adjusted their price target on Echo Investment to reflect updated expectations for slower revenue growth at 8.49%, alongside a similar fair value estimate of PLN 5.80, a discount rate of 15.73%, a forward P/E of 7.91, and a slightly higher projected profit margin of 18.21%. Valuation Changes Fair Value: PLN 5.80 is unchanged in the latest update, indicating a stable central estimate for Echo Investment's shares.
TRI
zł3.38
Triton Development
7D
-9.6%
1Y
35.2%
PRN
zł0.29
Partner-Nieruchomosci
7D
-1.3%
1Y
66.1%
MVP
zł8.48
Marvipol Development
7D
-0.7%
1Y
25.1%
GTC
zł2.55
Globe Trade Centre
7D
1.6%
1Y
-33.1%

GTC: Stable Assumptions And Governance Changes Will Support Future Upside

Analysts have kept their price target for Globe Trade Centre broadly steady at around PLN 4.27, citing only very small tweaks to assumptions on long term revenue growth, profit margins and future P/E multiples. What's in the News An Extraordinary General Meeting is scheduled for April 14, 2026 at 12:00 Central European Standard Time in Warsaw.
MLG
zł95.00
MLP Group
7D
6.0%
1Y
15.9%
MUR
zł38.50
Murapol
7D
-0.3%
1Y
7.8%
EFK
zł5.55
Korporacja Gospodarcza efekt
7D
-0.9%
1Y
-4.3%

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

Feb 03
Is Korporacja Gospodarcza efekt (WSE:EFK) A Risky Investment?
PHN
zł9.52
Polski Holding Nieruchomosci
7D
-0.4%
1Y
-5.7%
DVL
zł9.05
Develia
7D
2.1%
1Y
42.7%
LET
zł1.03
Letus Capital
7D
4.0%
1Y
-7.2%
EDI
zł9.60
ED Invest Spólka Akcyjna
7D
11.9%
1Y
57.9%
INP
zł7.95
Inpro
7D
3.2%
1Y
11.2%
ISD
zł0.57
Inside Park Spolka Akcyjna
7D
-1.7%
1Y
-22.4%