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Polish (WIG) Real Estate Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies27
  • 7D2.3%
  • 3M3.3%
  • 1Y18.8%
  • YTD6.0%

The Real Estate industry is up 1.2% in the last week, with Develia up 6.5%. Meanwhile, Globe Trade Centre actually underperformed within the industry, shrinking 7.5% in the last week. This takes the industry's 12 month performance to a gain of 18%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026zł15.5bzł9.2bzł951.4m10.8x16.3x1.7x
Thu, 08 Jan 2026zł14.7bzł9.2bzł951.4m9.7x15.4x1.6x
Sat, 06 Dec 2025zł14.1bzł9.3bzł965.0m9.2x14.7x1.5x
Mon, 03 Nov 2025zł14.5bzł8.4bzł886.6m10.5x16.3x1.7x
Wed, 01 Oct 2025zł14.7bzł8.3bzł888.6m10.4x16.5x1.8x
Fri, 29 Aug 2025zł15.0bzł7.9bzł1.0b11.3x14.6x1.9x
Sun, 27 Jul 2025zł15.1bzł7.7bzł1.1b12.8x13.8x2x
Tue, 24 Jun 2025zł14.2bzł7.7bzł1.1b12.8x12.4x1.9x
Thu, 22 May 2025zł14.5bzł8.1bzł1.1b10.1x12.7x1.8x
Sat, 19 Apr 2025zł14.0bzł8.0bzł1.3b8.3x10.5x1.7x
Mon, 17 Mar 2025zł13.2bzł8.2bzł1.1b8x11.5x1.6x
Wed, 12 Feb 2025zł13.0bzł8.1bzł1.1b8.8x11.7x1.6x
Fri, 10 Jan 2025zł12.8bzł8.1bzł1.1b8.9x11.4x1.6x
Sun, 08 Dec 2024zł13.0bzł8.2bzł1.2b8x11.2x1.6x
Tue, 05 Nov 2024zł13.6bzł8.3bzł1.4b8.3x9.5x1.6x
Thu, 03 Oct 2024zł13.8bzł8.3bzł1.5b8.2x9.5x1.7x
Sat, 31 Aug 2024zł13.1bzł8.4bzł1.4b7.3x9.5x1.6x
Mon, 29 Jul 2024zł13.6bzł8.5bzł850.8m6.8x16x1.6x
Wed, 26 Jun 2024zł14.6bzł8.5bzł846.8m8.2x17.3x1.7x
Fri, 24 May 2024zł15.2bzł8.2bzł887.4m8.3x17.1x1.9x
Sun, 21 Apr 2024zł15.0bzł8.0bzł619.3m6.8x24.3x1.9x
Tue, 19 Mar 2024zł14.5bzł7.7bzł391.5m7.7x37x1.9x
Thu, 15 Feb 2024zł14.2bzł7.9bzł431.8m6.2x33x1.8x
Sat, 13 Jan 2024zł14.2bzł7.1bzł249.4m4.9x57.1x2x
Mon, 11 Dec 2023zł13.3bzł7.1bzł249.4m5x53.3x1.9x
Wed, 08 Nov 2023zł13.8bzł7.2bzł274.7m5.6x50.1x1.9x
Fri, 06 Oct 2023zł14.0bzł7.2bzł257.1m5.5x54.5x1.9x
Sun, 03 Sep 2023zł13.7bzł6.8bzł426.7m7.3x32.2x2x
Tue, 01 Aug 2023zł14.1bzł6.7bzł1.1b7.9x13x2.1x
Thu, 29 Jun 2023zł13.2bzł6.7bzł1.1b7.2x12.3x2x
Sat, 27 May 2023zł13.1bzł6.7bzł1.2b7.8x11.2x2x
Mon, 24 Apr 2023zł12.7bzł6.5bzł1.5b6.7x8.7x2x
Wed, 22 Mar 2023zł11.9bzł6.2bzł2.1b5.6x5.8x1.9x
Fri, 17 Feb 2023zł12.4bzł6.2bzł2.1b5.3x6x2x
Price to Earnings Ratio

6x


Total Market Cap: zł12.4bTotal Earnings: zł2.1bTotal Revenue: zł6.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Real Estate Industry Price to Earnings3Y Average 19.9x202420252026
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 19.9x.
  • 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 industry?

PL Market1.30%
Real Estate2.27%
Real Estate2.27%
Diversified Real Estate4.01%
Real Estate Development1.47%
Real Estate Services0%0
Real Estate Operating Companies-0.11%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry even though it's trading below its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 6.9%, which is higher than its past year's earnings decline of 69.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings decline by 5.9% 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 Investmentzł5.607.7%
+zł165.1m		29.0%PS1.5x
DVL Develiazł9.902.2%
+zł97.3m		70.1%PE9.7x
MLG MLP Groupzł98.603.4%
+zł76.8m		26.4%PE12x
MUR Murapolzł43.701.0%
+zł18.4m		26.2%PE7.6x
PRN Partner-Nieruchomoscizł0.2877.2%
+zł7.3m		56.4%PE457.1x

Latest News

PRN
zł0.28
Partner-Nieruchomosci
7D
77.2%
1Y
56.4%
CFI
zł0.15
CFI Holding
7D
-1.3%
1Y
-15.3%

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

Feb 09
CFI Holding (WSE:CFI) Seems To Use Debt Quite Sensibly
ECH
zł5.60
Echo Investment
7D
7.7%
1Y
29.0%

ECH: Forward Earnings Assumptions Will Support Fairly Valued Outlook

Analysts have slightly adjusted their price target on Echo Investment, citing updated assumptions around revenue growth of 20.17%, a profit margin of 16.61% and a forward P/E of 8.29x, while their core fair value estimate remains at €5.59. Valuation Changes Fair Value Estimate: unchanged at €5.59 per share, with no adjustment to the core valuation output.
MUR
zł43.70
Murapol
7D
1.0%
1Y
26.2%
PHN
zł9.56
Polski Holding Nieruchomosci
7D
0.6%
1Y
2.1%
GTC
zł2.70
Globe Trade Centre
7D
-6.9%
1Y
-31.5%

GTC: Future Outlook Will Favour Reporting Delay As Margin Assumptions Strengthen

Analysts have trimmed their price target on Globe Trade Centre to €3.30 per share. This reflects updated assumptions for slightly higher revenue growth, a marginally stronger profit margin and a modestly lower future P/E multiple in their models.
DVL
zł9.90
Develia
7D
2.2%
1Y
70.1%
MVP
zł9.18
Marvipol Development
7D
-0.4%
1Y
44.8%
LKD
zł24.70
Lokum Deweloper
7D
1.6%
1Y
7.4%
MLG
zł98.60
MLP Group
7D
3.4%
1Y
26.4%

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
IBS
zł76.40
WISE Finance
7D
-4.3%
1Y
-2.3%
CAV
zł14.50
Cavatina Holding Spólka Akcyjna
7D
-0.7%
1Y
-15.2%
INP
zł8.75
Inpro
7D
-3.3%
1Y
37.8%
RNK
zł4.39
Rank Progress
7D
0.6%
1Y
-20.0%
QRT
zł3.88
Quart Development
7D
-4.9%
1Y
4.9%
TRI
zł3.26
Triton Development
7D
-6.9%
1Y
5.2%