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Polish (WIG) Market Analysis & Valuation

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies633
  • 7D2.2%
  • 3M6.2%
  • 1Y34.2%
  • YTD31.6%

Over the last 7 days, the market has risen 2.2%, driven by gains of 3.3% in the Financials sector. In contrast, the Energy sector is lagging, dropping 4.6%. In the last year, the market has climbed 34%. Earnings are forecast to grow by 15% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Nov 2025zł1.1tzł1.2tzł58.9b12.2x18x0.9x
Tue, 28 Oct 2025zł1.1tzł1.2tzł55.3b13.5x19.6x0.9x
Thu, 25 Sep 2025zł1.0tzł1.2tzł49.8b13.3x20.7x0.9x
Sat, 23 Aug 2025zł1.0tzł1.2tzł57.1b12.6x18.4x0.9x
Mon, 21 Jul 2025zł1.1tzł1.2tzł54.2b13.1x19.8x0.9x
Wed, 18 Jun 2025zł997.2bzł1.2tzł53.9b13.2x18.5x0.8x
Fri, 16 May 2025zł1.0tzł1.2tzł48.6b13.4x21.2x0.9x
Sun, 13 Apr 2025zł925.5bzł1.2tzł47.0b12.3x19.7x0.8x
Tue, 11 Mar 2025zł936.7bzł1.2tzł48.1b12.4x19.5x0.8x
Thu, 06 Feb 2025zł878.1bzł1.2tzł42.8b12x20.5x0.7x
Sat, 04 Jan 2025zł824.9bzł1.2tzł42.9b11.4x19.2x0.7x
Mon, 02 Dec 2024zł803.3bzł1.2tzł45.1b11.1x17.8x0.7x
Wed, 30 Oct 2024zł830.6bzł1.2tzł54.5b11.5x15.3x0.7x
Fri, 27 Sep 2024zł834.7bzł1.2tzł53.8b12.2x15.5x0.7x
Sun, 25 Aug 2024zł845.5bzł1.2tzł55.2b11.7x15.3x0.7x
Tue, 23 Jul 2024zł872.6bzł1.2tzł58.1b11.9x15x0.7x
Thu, 20 Jun 2024zł877.9bzł1.2tzł58.3b12.3x15.1x0.7x
Sat, 18 May 2024zł902.2bzł1.3tzł67.1b12.4x13.5x0.7x
Mon, 15 Apr 2024zł871.8bzł1.3tzł78.1b12.4x11.2x0.7x
Wed, 13 Mar 2024zł863.6bzł1.3tzł84.9b12.7x10.2x0.7x
Fri, 09 Feb 2024zł830.5bzł1.3tzł89.5b12.6x9.3x0.7x
Sun, 07 Jan 2024zł822.2bzł1.3tzł90.6b12.7x9.1x0.6x
Tue, 05 Dec 2023zł818.0bzł1.3tzł92.1b12.5x8.9x0.6x
Thu, 02 Nov 2023zł766.3bzł1.3tzł86.7b11.8x8.8x0.6x
Sat, 30 Sep 2023zł703.9bzł1.3tzł89.5b12.3x7.9x0.6x
Mon, 28 Aug 2023zł734.6bzł1.2tzł91.1b12.4x8.1x0.6x
Wed, 26 Jul 2023zł786.9bzł1.2tzł92.8b13.1x8.5x0.6x
Fri, 23 Jun 2023zł743.1bzł1.2tzł92.9b12.8x8x0.6x
Sun, 21 May 2023zł724.3bzł1.1tzł87.5b12.1x8.3x0.6x
Tue, 18 Apr 2023zł690.3bzł1.1tzł88.6b11.5x7.8x0.6x
Thu, 16 Mar 2023zł638.4bzł1.1tzł94.6b11.2x6.8x0.6x
Sat, 11 Feb 2023zł671.9bzł1.0tzł80.9b10.6x8.3x0.6x
Mon, 09 Jan 2023zł673.8bzł1.0tzł76.8b10.4x8.8x0.6x
Wed, 07 Dec 2022zł634.0bzł1.0tzł77.6b10.4x8.2x0.6x
Price to Earnings Ratio

8.2x


Total Market Cap: zł634.0bTotal Earnings: zł77.6bTotal Revenue: zł1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 13.4x202320242025
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 18.0x which is higher than its 3-year average PE of 13.4x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% 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 Market2.20%
Materials7.52%
Telecom7.08%
Industrials5.09%
Financials3.32%
Tech3.04%
Consumer Discretionary3.02%
Healthcare2.43%
Real Estate0.13%
Utilities-0.87%
Consumer Staples-2.58%
Energy-4.57%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 88.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings growth of 15.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 54% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.5% 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
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł77.404.9%
+zł4.6b		38.5%PB1.8xFinancials
KGH KGHM Polska Miedzzł211.7010.8%
+zł4.1b		66.4%PE16.5xMaterials
CDR CD Projektzł256.4012.4%
+zł2.8b		53.3%PE44.9xTelecom
SPL Santander Bank Polskazł515.005.0%
+zł2.5b		17.8%PB1.6xFinancials
PEO Bank Polska Kasa Opiekizł199.954.3%
+zł2.2b		47.4%PB1.6xFinancials
See more

Market Insights

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🏰 Defensive Stocks Are No Longer Cheap
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Richard Bowman
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In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
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