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Polish (WIG) Market Analysis & Valuation
UpdatedApr 27, 2025
DataAggregated Company Financials
Companies655
- 7D5.2%
- 3M17.0%
- 1Y13.6%
- YTD23.6%
The market is up 5.2% in the last 7 days, led by the Financials and all sectors gaining ground. As for the past 12 months, the market is up 14%. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Polish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Apr 2025 | zł1.0t | zł1.2t | zł44.8b | 13x | 22.7x | 0.9x |
| Tue, 25 Mar 2025 | zł996.2b | zł1.2t | zł51.5b | 12.7x | 19.4x | 0.8x |
| Thu, 20 Feb 2025 | zł961.2b | zł1.2t | zł44.0b | 12.6x | 21.9x | 0.8x |
| Sat, 18 Jan 2025 | zł847.3b | zł1.2t | zł42.9b | 11.6x | 19.8x | 0.7x |
| Mon, 16 Dec 2024 | zł825.8b | zł1.2t | zł42.4b | 10.9x | 19.5x | 0.7x |
| Wed, 13 Nov 2024 | zł825.0b | zł1.2t | zł55.7b | 11.3x | 14.8x | 0.7x |
| Fri, 11 Oct 2024 | zł817.2b | zł1.2t | zł53.4b | 11.8x | 15.3x | 0.7x |
| Sun, 08 Sep 2024 | zł823.3b | zł1.2t | zł54.9b | 11.7x | 15x | 0.7x |
| Tue, 06 Aug 2024 | zł800.5b | zł1.2t | zł58.4b | 11.2x | 13.7x | 0.7x |
| Thu, 04 Jul 2024 | zł891.0b | zł1.2t | zł58.2b | 12.4x | 15.3x | 0.7x |
| Sat, 01 Jun 2024 | zł877.9b | zł1.2t | zł57.9b | 12.4x | 15.2x | 0.7x |
| Mon, 29 Apr 2024 | zł873.3b | zł1.3t | zł70.2b | 11.8x | 12.4x | 0.7x |
| Wed, 27 Mar 2024 | zł860.9b | zł1.3t | zł85.2b | 12.3x | 10.1x | 0.7x |
| Fri, 23 Feb 2024 | zł869.5b | zł1.3t | zł89.7b | 12.6x | 9.7x | 0.7x |
| Sun, 21 Jan 2024 | zł804.1b | zł1.3t | zł90.6b | 12.4x | 8.9x | 0.6x |
| Tue, 19 Dec 2023 | zł833.9b | zł1.3t | zł91.3b | 12.8x | 9.1x | 0.7x |
| Thu, 16 Nov 2023 | zł788.5b | zł1.3t | zł91.4b | 11.9x | 8.6x | 0.6x |
| Sat, 14 Oct 2023 | zł721.2b | zł1.3t | zł88.1b | 12.1x | 8.2x | 0.6x |
| Mon, 11 Sep 2023 | zł720.7b | zł1.2t | zł93.5b | 12.6x | 7.7x | 0.6x |
| Wed, 09 Aug 2023 | zł762.8b | zł1.2t | zł94.0b | 12.9x | 8.1x | 0.6x |
| Fri, 07 Jul 2023 | zł732.8b | zł1.2t | zł92.7b | 12.9x | 7.9x | 0.6x |
| Sun, 04 Jun 2023 | zł730.0b | zł1.2t | zł93.4b | 12.2x | 7.8x | 0.6x |
| Tue, 02 May 2023 | zł703.1b | zł1.2t | zł91.2b | 11.8x | 7.7x | 0.6x |
| Thu, 30 Mar 2023 | zł642.5b | zł1.1t | zł90.9b | 11.3x | 7.1x | 0.6x |
| Sat, 25 Feb 2023 | zł662.3b | zł1.0t | zł81.5b | 11.1x | 8.1x | 0.6x |
| Mon, 23 Jan 2023 | zł683.4b | zł1.0t | zł76.8b | 10.6x | 8.9x | 0.7x |
| Wed, 21 Dec 2022 | zł639.4b | zł1.0t | zł76.9b | 10x | 8.3x | 0.6x |
| Fri, 18 Nov 2022 | zł589.2b | zł969.0b | zł70.8b | 10x | 8.3x | 0.6x |
| Sun, 16 Oct 2022 | zł532.0b | zł1.1t | zł90.8b | 9.3x | 5.9x | 0.5x |
| Tue, 13 Sep 2022 | zł594.8b | zł1.1t | zł90.0b | 9.6x | 6.6x | 0.6x |
| Thu, 11 Aug 2022 | zł638.1b | zł1.1t | zł90.7b | 9.7x | 7x | 0.6x |
| Sat, 09 Jul 2022 | zł635.1b | zł1.0t | zł88.5b | 9.8x | 7.2x | 0.6x |
| Mon, 06 Jun 2022 | zł658.6b | zł1.0t | zł87.3b | 10.3x | 7.5x | 0.6x |
| Wed, 04 May 2022 | zł659.8b | zł934.6b | zł81.2b | 10.7x | 8.1x | 0.7x |
Price to Earnings Ratio
8.1x
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 22.1x which is higher than its 3-year average PE of 11.1x.
Past Earnings Growth
- The earnings for Polish listed companies have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.6% 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 Market | 5.22% | |
| Utilities | 8.21% | |
| Energy | 7.81% | |
| Materials | 7.71% | |
| Financials | 6.41% | |
| Consumer Staples | 4.65% | |
| Tech | 3.26% | |
| Consumer Discretionary | 3.01% | |
| Healthcare | 2.25% | |
| Telecom | 1.98% | |
| Real Estate | 1.31% | |
| Industrials | 1.15% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 10.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 19.4% which is higher than its past year's earnings decline of 71.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 4.2% 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 | Sector | |
|---|---|---|---|---|---|---|
| PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | zł76.20 | 7.8% +zł6.9b | 23.5% | PB1.8x | Financials | |
| PKN Orlen | zł68.80 | 8.0% +zł5.9b | 2.2% | PE54.4x | Energy | |
| SPL Santander Bank Polska | zł621.00 | 8.1% +zł4.8b | 10.4% | PB2x | Financials | |
| PEO Bank Polska Kasa Opieki | zł191.70 | 8.6% +zł4.0b | 10.8% | PB1.6x | Financials | |
| MBK mBank | zł864.40 | 8.8% +zł3.0b | 27.5% | PB2.1x | Financials |
