Analysis Article • Sep 18
Have your own idea? Try our Stock Screener
Polish (WIG) Utilities Sector Analysis
UpdatedSep 19, 2026
DataAggregated Company Financials
Companies13
- 7D-2.6%
- 3M12.9%
- 1Y21.4%
- YTD14.2%
Over the last 7 days, the Utilities industry has dropped 1.9%, driven by declines in TAURON Polska Energia and ENEA of 4.2% and 5.9%, respectively. Over the past 12 months, the industry was up 22%. In the next few years, earnings are forecast to decline by 1.8% annually.
Sector Valuation and Performance
Has the Polish Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 19 Sep 2026 | zł77.5b | zł154.7b | zł13.7b | 7.7x | 5.7x | 0.5x |
| Mon, 17 Aug 2026 | zł64.9b | zł153.9b | zł2.7b | 5.6x | 24.3x | 0.4x |
| Wed, 15 Jul 2026 | zł63.1b | zł153.8b | zł2.5b | 5.8x | 25.4x | 0.4x |
| Fri, 12 Jun 2026 | zł62.7b | zł153.7b | zł2.5b | 5.6x | 25.2x | 0.4x |
| Sun, 10 May 2026 | zł65.7b | zł154.2b | zł2.9b | 6.8x | 22.4x | 0.4x |
| Tue, 07 Apr 2026 | zł71.8b | zł155.7b | -zł7,768,821,634.00 | 14.7x | -9.2x | 0.5x |
| Thu, 05 Mar 2026 | zł69.7b | zł156.0b | -zł7,689,441,883.00 | 13.8x | -9.1x | 0.4x |
| Sat, 31 Jan 2026 | zł68.8b | zł156.0b | -zł7,689,930,883.00 | 14.1x | -8.9x | 0.4x |
| Mon, 29 Dec 2025 | zł59.5b | zł156.0b | -zł7,689,930,883.00 | 14.1x | -7.7x | 0.4x |
| Wed, 26 Nov 2025 | zł62.3b | zł158.2b | -zł7,651,791,511.00 | 9.9x | -8.1x | 0.4x |
| Fri, 24 Oct 2025 | zł65.5b | zł159.7b | -zł7,548,583,166.00 | 10x | -8.7x | 0.4x |
| Sun, 21 Sep 2025 | zł59.8b | zł159.9b | -zł7,330,088,166.00 | 8.7x | -8.2x | 0.4x |
| Tue, 19 Aug 2025 | zł63.3b | zł161.8b | zł1.7b | 13x | 36.8x | 0.4x |
| Thu, 17 Jul 2025 | zł65.7b | zł161.6b | zł1.7b | 14.5x | 38.4x | 0.4x |
| Sat, 14 Jun 2025 | zł56.0b | zł161.7b | zł1.7b | 13.9x | 32.7x | 0.3x |
| Mon, 12 May 2025 | zł51.9b | zł161.8b | zł397.9m | 12.6x | 130.5x | 0.3x |
| Wed, 09 Apr 2025 | zł45.5b | zł175.2b | -zł2,724,630,204.00 | 6.7x | -16.7x | 0.3x |
| Fri, 07 Mar 2025 | zł43.6b | zł175.4b | -zł2,676,964,204.00 | 7.4x | -16.3x | 0.2x |
| Sun, 02 Feb 2025 | zł42.3b | zł175.5b | -zł2,679,506,130.00 | 6.8x | -15.8x | 0.2x |
| Tue, 31 Dec 2024 | zł39.9b | zł175.5b | -zł2,679,506,130.00 | 6.8x | -14.9x | 0.2x |
| Thu, 28 Nov 2024 | zł41.2b | zł177.4b | -zł3,069,865,130.00 | 6.8x | -13.4x | 0.2x |
| Sat, 26 Oct 2024 | zł41.6b | zł188.3b | -zł2,586,765,821.00 | 9.4x | -16.1x | 0.2x |
| Mon, 23 Sep 2024 | zł40.2b | zł188.5b | -zł2,376,445,821.00 | 10.1x | -16.9x | 0.2x |
| Wed, 21 Aug 2024 | zł40.6b | zł203.6b | -zł3,146,566,445.00 | 8.7x | -12.9x | 0.2x |
| Fri, 19 Jul 2024 | zł41.6b | zł203.6b | -zł3,134,366,308.00 | 8.1x | -13.3x | 0.2x |
| Sun, 16 Jun 2024 | zł38.5b | zł203.5b | -zł3,019,292,623.00 | 10x | -12.8x | 0.2x |
| Tue, 14 May 2024 | zł39.6b | zł228.9b | -zł2,307,124,494.00 | 13.6x | -17.1x | 0.2x |
| Thu, 11 Apr 2024 | zł36.3b | zł220.9b | -zł1,542,643,377.00 | 4.5x | -23.5x | 0.2x |
| Sat, 09 Mar 2024 | zł39.4b | zł215.9b | zł5.8b | 5.4x | 6.8x | 0.2x |
| Mon, 05 Feb 2024 | zł44.9b | zł217.5b | zł5.8b | 5.4x | 7.7x | 0.2x |
| Wed, 03 Jan 2024 | zł43.2b | zł217.5b | zł5.8b | 5.4x | 7.4x | 0.2x |
| Fri, 01 Dec 2023 | zł42.4b | zł217.7b | zł5.6b | 4.8x | 7.6x | 0.2x |
| Sun, 29 Oct 2023 | zł37.1b | zł210.5b | zł4.4b | 5.5x | 8.5x | 0.2x |
| Tue, 26 Sep 2023 | zł37.8b | zł204.5b | zł6.1b | 4.7x | 6.2x | 0.2x |
Price to Earnings Ratio
6.2x
Current Industry PE
- Investors are relatively neutral on the Polish Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 6.2x.
- The industry is trading close to its 3-year average PS ratio of 0.30x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 31% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Polish Utilities sector?
| PL Market | -1.11% | |
| Utilities | -2.57% | |
| Water Utilities | 2.51% | |
| Other Utilities | 1.28% | |
| Electric Utilities | -2.61% | |
| Renewable Energy | -2.99% | |
| Gas Utilities | -4.09% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 21.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 77% over the next 5 years.
- In contrast, the Electric Utilities industry is expected to see its earnings decline by 7.3% per year 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 | |
|---|---|---|---|---|---|
| KGN Zespól Elektrocieplowni Wroclawskich KOGENERACJA | zł71.20 | 1.3% +zł13.4m | 21.9% | PE3.2x | |
| ECB ECB | zł21.40 | 11.5% +zł6.6m | -25.8% | PE16.1x | |
| AQU Aqua Spólka Akcyjna | zł12.00 | 2.6% +zł3.9m | -11.1% | PE14.4x | |
| MDI MDI Energia | zł2.22 | 3.7% +zł3.4m | 126.5% | PE24.5x | |
| WOD WODKAN Przedsiebiorstwo Wodociagów i Kanalizacji | zł6.80 | 2.3% +zł767.8k | -16.0% | PE119.6x |
