Narrative Update • Jun 19
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Polish (WIG) Utilities Sector Analysis
UpdatedJun 21, 2026
DataAggregated Company Financials
Companies14
- 7D-1.0%
- 3M0.9%
- 1Y6.8%
- YTD2.1%
Over the last 7 days, the Utilities industry has dropped 1.0%, driven by TAURON Polska Energia declining 3.2%. Meanwhile, Polenergia actually outperformed within the industry, gaining 7.6% in the last week. In the past year, the industry has gained 6.8%. As for the next few years, earnings are expected to grow by 28% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 21 Jun 2026 | zł63.5b | zł153.8b | zł2.5b | 5.6x | 25.5x | 0.4x |
| Tue, 19 May 2026 | zł64.2b | zł154.0b | zł2.8b | 6.8x | 23.1x | 0.4x |
| Thu, 16 Apr 2026 | zł70.3b | zł155.5b | -zł7,818,821,634.00 | 14.8x | -9x | 0.5x |
| Sat, 14 Mar 2026 | zł62.6b | zł155.7b | -zł7,768,821,634.00 | 13.7x | -8.1x | 0.4x |
| Mon, 09 Feb 2026 | zł68.5b | zł156.0b | -zł7,689,930,883.00 | 13.9x | -8.9x | 0.4x |
| Wed, 07 Jan 2026 | zł62.3b | zł156.0b | -zł7,689,930,883.00 | 14.7x | -8.1x | 0.4x |
| Fri, 05 Dec 2025 | zł58.9b | zł156.0b | -zł7,689,930,883.00 | 13.6x | -7.7x | 0.4x |
| Sun, 02 Nov 2025 | zł66.9b | zł159.7b | -zł7,548,583,166.00 | 10.5x | -8.9x | 0.4x |
| Tue, 30 Sep 2025 | zł61.6b | zł159.8b | -zł7,372,030,166.00 | 6.8x | -8.4x | 0.4x |
| Thu, 28 Aug 2025 | zł63.2b | zł162.2b | zł1.5b | 10x | 42.2x | 0.4x |
| Sat, 26 Jul 2025 | zł66.1b | zł161.6b | zł1.7b | 14.5x | 38.6x | 0.4x |
| Mon, 23 Jun 2025 | zł59.4b | zł161.6b | zł1.7b | 13.7x | 34.7x | 0.4x |
| Wed, 21 May 2025 | zł57.0b | zł161.8b | zł398.1m | 12.7x | 143.1x | 0.4x |
| Fri, 18 Apr 2025 | zł44.4b | zł165.4b | zł584.1m | 12.6x | 76x | 0.3x |
| Sun, 16 Mar 2025 | zł46.0b | zł175.4b | -zł2,676,964,204.00 | 7.5x | -17.2x | 0.3x |
| Tue, 11 Feb 2025 | zł43.2b | zł175.5b | -zł2,679,506,130.00 | 6.8x | -16.1x | 0.2x |
| Thu, 09 Jan 2025 | zł40.3b | zł175.5b | -zł2,679,506,130.00 | 6.8x | -15x | 0.2x |
| Sat, 07 Dec 2024 | zł38.8b | zł175.5b | -zł2,679,506,130.00 | 6.8x | -14.5x | 0.2x |
| Mon, 04 Nov 2024 | zł41.4b | zł188.3b | -zł2,586,765,821.00 | 9.4x | -16x | 0.2x |
| Wed, 02 Oct 2024 | zł41.4b | zł188.3b | -zł2,554,320,821.00 | 10.2x | -16.2x | 0.2x |
| Fri, 30 Aug 2024 | zł39.9b | zł202.8b | -zł2,570,375,446.00 | 8.9x | -15.5x | 0.2x |
| Sun, 28 Jul 2024 | zł40.9b | zł203.6b | -zł3,134,025,308.00 | 8x | -13x | 0.2x |
| Tue, 25 Jun 2024 | zł39.1b | zł203.6b | -zł3,134,115,623.00 | 10x | -12.5x | 0.2x |
| Thu, 23 May 2024 | zł42.1b | zł224.7b | -zł2,305,168,746.00 | 18.1x | -18.3x | 0.2x |
| Sat, 20 Apr 2024 | zł34.9b | zł218.7b | -zł1,646,930,494.00 | 12.4x | -21.2x | 0.2x |
| Mon, 18 Mar 2024 | zł37.8b | zł215.9b | zł5.8b | 5.3x | 6.5x | 0.2x |
| Wed, 14 Feb 2024 | zł42.4b | zł215.9b | zł5.8b | 5.5x | 7.3x | 0.2x |
| Fri, 12 Jan 2024 | zł42.6b | zł217.5b | zł5.8b | 5.4x | 7.3x | 0.2x |
| Sun, 10 Dec 2023 | zł44.4b | zł217.5b | zł5.8b | 5.6x | 7.6x | 0.2x |
| Tue, 07 Nov 2023 | zł39.5b | zł210.0b | zł4.1b | 5.5x | 9.7x | 0.2x |
| Thu, 05 Oct 2023 | zł37.0b | zł210.5b | zł4.4b | 5.1x | 8.4x | 0.2x |
| Sat, 02 Sep 2023 | zł41.6b | zł199.7b | zł5.4b | 4.7x | 7.7x | 0.2x |
| Mon, 31 Jul 2023 | zł41.6b | zł196.8b | zł5.9b | 4.7x | 7x | 0.2x |
| Wed, 28 Jun 2023 | zł35.6b | zł196.8b | zł5.9b | 4.1x | 6x | 0.2x |
Price to Earnings Ratio
6x
Current Industry PE
- Investors are optimistic on the Polish Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.5x which is higher than its 3-year average PE of 4.6x.
- The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 25% per year over the last three years,
- Revenues have also declined 7.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Polish Utilities sector?
| PL Market | -0.98% | |
| Utilities | -1.01% | |
| Renewable Energy | 7.44% | |
| Water Utilities | 3.23% | |
| Gas Utilities | 2.22% | |
| Electric Utilities | -1.63% | |
| Other Utilities | -3.10% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 3.0x.
- Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 18.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 83% over the next 5 years.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| PEP Polenergia | zł60.70 | 7.6% +zł332.0m | -3.7% | PS1.2x | |
| ENG Energa | zł18.70 | 1.1% +zł82.8m | 56.4% | PE5.2x | |
| AQU Aqua Spólka Akcyjna | zł13.40 | 5.5% +zł9.1m | 1.5% | PE17.3x | |
| TSG Tesgas | zł1.85 | 2.2% +zł454.0k | -25.6% | PS0.3x | |
| FMG Wise Energy | zł62.60 | 1.0% +zł206.1k | -46.5% | PE2.2x |
