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Polish (WIG) Market Analysis & Valuation

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies636
  • 7D1.3%
  • 3M12.9%
  • 1Y30.0%
  • YTD5.7%

Over the last 7 days, the market has risen 1.3%, driven by gains in the Materials and Energy sectors of 5.8% and 3.3%, respectively. The market is up 30% over the last 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

Has the Polish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026zł1.2tzł1.2tzł69.5b12.7x17.7x1x
Sun, 25 Jan 2026zł1.2tzł1.2tzł63.3b13.1x18.6x1x
Tue, 23 Dec 2025zł1.1tzł1.2tzł58.8b11.8x19.1x0.9x
Thu, 20 Nov 2025zł1.1tzł1.2tzł55.8b12.9x19.2x0.9x
Sat, 18 Oct 2025zł1.0tzł1.2tzł55.1b13.1x18.9x0.9x
Mon, 15 Sep 2025zł1.0tzł1.2tzł47.6b13x21.8x0.9x
Wed, 13 Aug 2025zł1.1tzł1.2tzł55.8b13x19.5x0.9x
Fri, 11 Jul 2025zł1.0tzł1.2tzł53.9b12.8x19.3x0.9x
Sun, 08 Jun 2025zł987.1bzł1.2tzł53.9b13.2x18.3x0.8x
Tue, 06 May 2025zł1.0tzł1.2tzł48.0b12.9x21.1x0.8x
Thu, 03 Apr 2025zł992.2bzł1.2tzł51.2b12.7x19.4x0.8x
Sat, 01 Mar 2025zł937.3bzł1.2tzł48.4b12.7x19.4x0.8x
Mon, 27 Jan 2025zł869.1bzł1.2tzł42.9b11.6x20.3x0.7x
Wed, 25 Dec 2024zł804.9bzł1.2tzł42.9b10.6x18.8x0.7x
Fri, 22 Nov 2024zł802.2bzł1.2tzł50.8b11.3x15.8x0.7x
Sun, 20 Oct 2024zł839.3bzł1.2tzł53.5b11.7x15.7x0.7x
Tue, 17 Sep 2024zł816.4bzł1.2tzł53.4b11.7x15.3x0.7x
Thu, 15 Aug 2024zł829.8bzł1.2tzł58.2b11.7x14.3x0.7x
Sat, 13 Jul 2024zł898.1bzł1.2tzł58.1b12.4x15.5x0.7x
Mon, 10 Jun 2024zł862.9bzł1.2tzł57.9b12.3x14.9x0.7x
Wed, 08 May 2024zł891.4bzł1.3tzł65.8b12.2x13.5x0.7x
Fri, 05 Apr 2024zł883.9bzł1.3tzł85.3b12.4x10.4x0.7x
Sun, 03 Mar 2024zł868.2bzł1.3tzł86.2b12.8x10.1x0.7x
Tue, 30 Jan 2024zł807.6bzł1.3tzł90.7b12.7x8.9x0.6x
Thu, 28 Dec 2023zł846.7bzł1.3tzł90.5b12.2x9.4x0.7x
Sat, 25 Nov 2023zł799.2bzł1.3tzł90.5b12.1x8.8x0.6x
Mon, 23 Oct 2023zł733.9bzł1.3tzł88.1b11.9x8.3x0.6x
Wed, 20 Sep 2023zł714.2bzł1.3tzł91.0b12.4x7.8x0.6x
Fri, 18 Aug 2023zł742.9bzł1.2tzł93.8b12.5x7.9x0.6x
Sun, 16 Jul 2023zł769.6bzł1.2tzł92.8b13x8.3x0.6x
Tue, 13 Jun 2023zł734.6bzł1.2tzł92.4b12.2x8x0.6x
Thu, 11 May 2023zł708.7bzł1.1tzł88.1b11.9x8x0.6x
Sat, 08 Apr 2023zł657.4bzł1.1tzł89.0b11.5x7.4x0.6x
Mon, 06 Mar 2023zł674.4bzł1.1tzł94.4b11.4x7.1x0.6x
Price to Earnings Ratio

7.1x


Total Market Cap: zł674.4bTotal Earnings: zł94.4bTotal Revenue: zł1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 14.3x202420252026
Current Market PE
  • Investors are optimistic on the Polish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.7x which is higher than its 3-year average PE of 14.3x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 9.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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.

Sector Trends

Which sectors have driven the changes within the Polish Market?

PL Market1.26%
Materials5.80%
Utilities3.92%
Energy3.34%
Telecom1.94%
Consumer Staples1.86%
Industrials1.23%
Financials0.12%
Consumer Discretionary-0.26%
Healthcare-0.57%
Real Estate-0.88%
Tech-1.04%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 118x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.9% which is higher than its past year's earnings decline of 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 2.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
KGH KGHM Polska Miedzzł321.807.6%
+zł4.6b		143.5%PE25.1xMaterials
PKN Orlenzł115.243.4%
+zł4.3b		83.2%PE12xEnergy
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł93.603.2%
+zł3.7b		33.9%PB2.2xFinancials
PGE PGE Polska Grupa Energetycznazł11.099.0%
+zł2.1b		52.9%PS0.4xUtilities
BDX Budimexzł790.005.8%
+zł1.1b		45.9%PE33.1xIndustrials
See more

Market Insights

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zł93.60
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7D
3.2%
1Y
33.9%

PKO: Fair Outlook Will Depend On Margins And January 2026 Meeting

Analysts have nudged their price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna higher to PLN 97.82 from PLN 95.21, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E estimates. What's in the News Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has scheduled a Special or Extraordinary Shareholders Meeting for January 20, 2026, at 10:00 Central European Standard Time (Key Developments).
KGH
zł321.80
KGHM Polska Miedz
7D
7.6%
1Y
143.5%
KRU
zł467.00
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7D
-6.0%
1Y
7.6%

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MDV
zł113.00
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7D
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1Y
-40.0%

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ING
zł408.00
ING Bank Slaski
7D
-1.6%
1Y
36.2%

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PKN
zł115.24
Orlen
7D
3.4%
1Y
83.2%
PEO
zł228.10
Bank Polska Kasa Opieki
7D
-1.8%
1Y
31.7%

PEO: Neutral View Will Balance Higher Margin Outlook And Execution Risks

The analyst price target for Bank Polska Kasa Opieki has been adjusted slightly higher from PLN 217.93 to PLN 221.49. Analysts cite updated assumptions around revenue growth, profit margins and future P/E as the key drivers of this change.
TPE
zł11.72
TAURON Polska Energia
7D
4.2%
1Y
166.3%

TPE: Future Margins And Higher P/E Multiple Will Steer Fair Value

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PGE
zł11.09
PGE Polska Grupa Energetyczna
7D
9.0%
1Y
52.9%

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zł112.60
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1Y
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LPP
zł20,660.00
LPP
7D
2.7%
1Y
13.5%
ALE
zł27.90
Allegro.eu
7D
-2.6%
1Y
-0.8%

ALE: Share Buybacks And 2025 Guidance Will Support Stronger Future Returns

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ENG
zł18.80
Energa
7D
-5.8%
1Y
38.2%
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zł790.00
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PZU
zł67.54
Powszechny Zaklad Ubezpieczen
7D
-2.1%
1Y
25.4%
DNP
zł40.26
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1Y
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