The Market Lifts PGE Polska Grupa Energetyczna S.A. (WSE:PGE) Shares 31% But It Can Do More
May 17
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Polish (WIG) Market Analysis & Valuation
UpdatedMay 17, 2025
DataAggregated Company Financials
Companies654
- 7D-0.4%
- 3M10.6%
- 1Y11.2%
- YTD25.1%
In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 9.4%. Meanwhile, the market is actually up 11% over the past year. Looking forward, earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Polish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 May 2025 | zł1.0t | zł1.2t | zł49.3b | 13.4x | 20.8x | 0.8x |
| Mon, 14 Apr 2025 | zł925.4b | zł1.2t | zł47.0b | 12.3x | 19.7x | 0.8x |
| Wed, 12 Mar 2025 | zł934.3b | zł1.2t | zł48.0b | 12.4x | 19.5x | 0.8x |
| Fri, 07 Feb 2025 | zł893.3b | zł1.2t | zł42.8b | 11.8x | 20.9x | 0.7x |
| Sun, 05 Jan 2025 | zł824.9b | zł1.2t | zł42.9b | 11.4x | 19.2x | 0.7x |
| Tue, 03 Dec 2024 | zł818.7b | zł1.2t | zł45.0b | 11.4x | 18.2x | 0.7x |
| Thu, 31 Oct 2024 | zł815.7b | zł1.2t | zł54.6b | 11.4x | 14.9x | 0.7x |
| Sat, 28 Sep 2024 | zł839.8b | zł1.2t | zł53.8b | 12.2x | 15.6x | 0.7x |
| Mon, 26 Aug 2024 | zł845.5b | zł1.2t | zł55.2b | 11.7x | 15.3x | 0.7x |
| Wed, 24 Jul 2024 | zł861.2b | zł1.2t | zł58.1b | 12x | 14.8x | 0.7x |
| Fri, 21 Jun 2024 | zł878.7b | zł1.2t | zł58.4b | 12.2x | 15.1x | 0.7x |
| Sun, 19 May 2024 | zł901.9b | zł1.3t | zł66.6b | 12.4x | 13.5x | 0.7x |
| Tue, 16 Apr 2024 | zł874.5b | zł1.3t | zł78.1b | 12.5x | 11.2x | 0.7x |
| Thu, 14 Mar 2024 | zł861.7b | zł1.3t | zł84.9b | 12.8x | 10.2x | 0.7x |
| Sat, 10 Feb 2024 | zł828.2b | zł1.3t | zł89.5b | 12.6x | 9.3x | 0.7x |
| Mon, 08 Jan 2024 | zł822.2b | zł1.3t | zł90.6b | 12.7x | 9.1x | 0.6x |
| Wed, 06 Dec 2023 | zł823.6b | zł1.3t | zł92.0b | 12.5x | 9x | 0.6x |
| Fri, 03 Nov 2023 | zł769.2b | zł1.3t | zł88.1b | 12x | 8.7x | 0.6x |
| Sun, 01 Oct 2023 | zł703.9b | zł1.3t | zł87.7b | 12.3x | 8x | 0.6x |
| Tue, 29 Aug 2023 | zł744.9b | zł1.2t | zł91.1b | 12.5x | 8.2x | 0.6x |
| Thu, 27 Jul 2023 | zł781.4b | zł1.2t | zł92.8b | 13.2x | 8.4x | 0.6x |
| Sat, 24 Jun 2023 | zł732.0b | zł1.2t | zł92.8b | 12.6x | 7.9x | 0.6x |
| Mon, 22 May 2023 | zł724.4b | zł1.1t | zł87.5b | 12.1x | 8.3x | 0.6x |
| Wed, 19 Apr 2023 | zł697.8b | zł1.1t | zł88.6b | 11.5x | 7.9x | 0.6x |
| Fri, 17 Mar 2023 | zł638.8b | zł1.1t | zł95.1b | 11.1x | 6.7x | 0.6x |
| Sun, 12 Feb 2023 | zł671.9b | zł1.0t | zł80.9b | 10.6x | 8.3x | 0.6x |
| Tue, 10 Jan 2023 | zł688.1b | zł1.0t | zł76.8b | 10.4x | 9x | 0.7x |
| Thu, 08 Dec 2022 | zł635.1b | zł1.0t | zł77.6b | 10.2x | 8.2x | 0.6x |
| Sat, 05 Nov 2022 | zł594.0b | zł1.1t | zł88.3b | 9.5x | 6.7x | 0.5x |
| Mon, 03 Oct 2022 | zł531.3b | zł1.1t | zł90.7b | 9.3x | 5.9x | 0.5x |
| Wed, 31 Aug 2022 | zł582.1b | zł1.1t | zł95.5b | 9.6x | 6.1x | 0.5x |
| Fri, 29 Jul 2022 | zł614.7b | zł1.0t | zł88.6b | 9.7x | 6.9x | 0.6x |
| Sun, 26 Jun 2022 | zł617.9b | zł1.0t | zł89.2b | 9.6x | 6.9x | 0.6x |
| Tue, 24 May 2022 | zł661.7b | zł996.8b | zł86.2b | 10.2x | 7.7x | 0.7x |
Price to Earnings Ratio
7.7x
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 20.8x which is higher than its 3-year average PE of 11.4x.
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 6.7% 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 | -0.45% | |
| Utilities | 9.43% | |
| Tech | 1.49% | |
| Real Estate | 0.98% | |
| Healthcare | 0.51% | |
| Energy | 0.19% | |
| Industrials | -0.19% | |
| Financials | -0.43% | |
| Consumer Discretionary | -1.18% | |
| Telecom | -2.26% | |
| Materials | -2.46% | |
| Consumer Staples | -4.54% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 22.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 18.5% 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 54% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 3.3% 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 | Sector | |
|---|---|---|---|---|---|---|
| PGE PGE Polska Grupa Energetyczna | zł9.59 | 8.6% +zł1.7b | 28.5% | PS0.3x | Utilities | |
| ENA ENEA | zł18.13 | 19.3% +zł1.6b | 69.1% | PE6.9x | Utilities | |
| PZU Powszechny Zaklad Ubezpieczen | zł63.32 | 2.0% +zł1.1b | 14.4% | PE9.3x | Financials | |
| TPE TAURON Polska Energia | zł7.21 | 8.7% +zł1.0b | 100.4% | PE21.6x | Utilities | |
| PEO Bank Polska Kasa Opieki | zł181.80 | 1.9% +zł892.4m | 12.4% | PB1.4x | Financials |
