Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Polish (WIG) Market Analysis & Valuation

UpdatedOct 09, 2025
DataAggregated Company Financials
Companies629
  • 7D1.0%
  • 3M0.8%
  • 1Y24.6%
  • YTD27.3%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 7.6% in that time. More promisingly, the market is up 25% over the past year. Earnings are forecast to grow by 16% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Oct 2025zł1.0tzł1.2tzł55.2b13.3x19x0.9x
Sat, 06 Sep 2025zł1.0tzł1.2tzł57.7b13.1x17.8x0.9x
Mon, 04 Aug 2025zł1.0tzł1.2tzł55.4b12.9x18.9x0.9x
Wed, 02 Jul 2025zł1.0tzł1.2tzł53.9b12.9x19.3x0.9x
Fri, 30 May 2025zł1.0tzł1.2tzł56.2b13.6x18.1x0.9x
Sun, 27 Apr 2025zł1.0tzł1.2tzł44.8b13x22.7x0.9x
Tue, 25 Mar 2025zł996.2bzł1.2tzł51.5b12.7x19.4x0.8x
Thu, 20 Feb 2025zł961.2bzł1.2tzł44.0b12.6x21.9x0.8x
Sat, 18 Jan 2025zł847.3bzł1.2tzł42.9b11.6x19.8x0.7x
Mon, 16 Dec 2024zł825.8bzł1.2tzł42.4b10.9x19.5x0.7x
Wed, 13 Nov 2024zł825.0bzł1.2tzł55.7b11.3x14.8x0.7x
Fri, 11 Oct 2024zł817.2bzł1.2tzł53.4b11.8x15.3x0.7x
Sun, 08 Sep 2024zł823.3bzł1.2tzł54.9b11.7x15x0.7x
Tue, 06 Aug 2024zł800.5bzł1.2tzł58.4b11.2x13.7x0.7x
Thu, 04 Jul 2024zł891.0bzł1.2tzł58.2b12.4x15.3x0.7x
Sat, 01 Jun 2024zł877.9bzł1.2tzł57.9b12.4x15.2x0.7x
Mon, 29 Apr 2024zł873.3bzł1.3tzł70.2b11.8x12.4x0.7x
Wed, 27 Mar 2024zł860.9bzł1.3tzł85.2b12.3x10.1x0.7x
Fri, 23 Feb 2024zł869.5bzł1.3tzł89.7b12.6x9.7x0.7x
Sun, 21 Jan 2024zł804.1bzł1.3tzł90.6b12.4x8.9x0.6x
Tue, 19 Dec 2023zł833.9bzł1.3tzł91.3b12.8x9.1x0.7x
Thu, 16 Nov 2023zł788.5bzł1.3tzł91.4b11.9x8.6x0.6x
Sat, 14 Oct 2023zł721.2bzł1.3tzł88.1b12.1x8.2x0.6x
Mon, 11 Sep 2023zł720.7bzł1.2tzł93.5b12.6x7.7x0.6x
Wed, 09 Aug 2023zł762.8bzł1.2tzł94.0b12.9x8.1x0.6x
Fri, 07 Jul 2023zł732.8bzł1.2tzł92.7b12.9x7.9x0.6x
Sun, 04 Jun 2023zł730.0bzł1.2tzł93.4b12.2x7.8x0.6x
Tue, 02 May 2023zł703.1bzł1.2tzł91.2b11.8x7.7x0.6x
Thu, 30 Mar 2023zł642.5bzł1.1tzł90.9b11.3x7.1x0.6x
Sat, 25 Feb 2023zł662.3bzł1.0tzł81.5b11.1x8.1x0.6x
Mon, 23 Jan 2023zł683.4bzł1.0tzł76.8b10.6x8.9x0.7x
Wed, 21 Dec 2022zł639.4bzł1.0tzł76.9b10x8.3x0.6x
Fri, 18 Nov 2022zł589.2bzł969.0bzł70.8b10x8.3x0.6x
Sun, 16 Oct 2022zł532.0bzł1.1tzł90.8b9.3x5.9x0.5x
Price to Earnings Ratio

5.9x


Total Market Cap: zł532.0bTotal Earnings: zł90.8bTotal Revenue: zł1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 12.9x202320242025
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 19.0x which is higher than its 3-year average PE of 12.9x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 Market0.96%
Materials7.61%
Tech3.89%
Financials1.75%
Telecom1.25%
Industrials0.75%
Energy0.24%
Healthcare0.086%
Utilities-0.36%
Real Estate-0.84%
Consumer Staples-1.35%
Consumer Discretionary-2.27%
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 111x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.3% which is higher than its past year's earnings decline of 10.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 4.6% 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 Miedzzł186.5512.3%
+zł4.1b		20.4%PE15.7xMaterials
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjnazł73.623.4%
+zł3.1b		29.6%PB1.8xFinancials
PEO Bank Polska Kasa Opiekizł184.804.7%
+zł2.2b		23.6%PB1.6xFinancials
ACP Asseco Polandzł230.008.5%
+zł1.2b		163.9%PE27.7xTech
PZU Powszechny Zaklad Ubezpieczenzł56.121.5%
+zł708.1m		33.9%PE7.9xFinancials
See more

Market Insights

Header cover image
✨Rare Earths: Tiny Market, Outsized Influence
Richard Bowman avatar
Richard Bowman
|
|
Rare earths may be a sliver of the global metals market, but they punch far above their weight. These obscure elements are the invisible wiring of modern life.
Continue reading
⚡ Utilities: Defensive Dividends Meet the AI Power Surge
Last Week

⚡ Utilities: Defensive Dividends Meet the AI Power Surge

Latest News

ACP
zł230.00
Asseco Poland
7D
8.5%
1Y
163.9%
CCC
zł157.85
CCC
7D
-15.4%
1Y
-11.3%
XTB
zł67.56
XTB
7D
-5.3%
1Y
6.2%

Insufficient Growth At XTB S.A. (WSE:XTB) Hampers Share Price

Oct 08
Insufficient Growth At XTB S.A. (WSE:XTB) Hampers Share Price
KTY
zł888.50
Grupa Kety
7D
-3.5%
1Y
8.4%

Grupa Kety S.A.'s (WSE:KTY) Intrinsic Value Is Potentially 52% Above Its Share Price

Oct 08
Grupa Kety S.A.'s (WSE:KTY) Intrinsic Value Is Potentially 52% Above Its Share Price
PKO
zł73.62
Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
7D
3.4%
1Y
29.6%

Poland's Consumer Credit And Digital Shift Will Fuel Future Progress

Analysts have raised their price target for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna slightly, from PLN 88.92 to PLN 87.99. This reflects updated expectations for revenue growth and margin performance, while noting improved sentiment following a recent upgrade to Accumulate.
KRU
zł441.00
KRUK Spólka Akcyjna
7D
-3.1%
1Y
2.9%
KGH
zł186.55
KGHM Polska Miedz
7D
12.3%
1Y
20.4%

Sierra Gorda And Robinson Upgrades Will Drive Future Copper Demand

Analysts have raised their fair value estimate for KGHM Polska Miedz from PLN 137.64 to PLN 147.81. This adjustment is based on updated forecasts for slight improvements in profit margin and a modest adjustment to expected revenue growth.
GPP
zł61.00
Grupa Pracuj
7D
-5.7%
1Y
9.5%

An Intrinsic Calculation For Grupa Pracuj S.A. (WSE:GPP) Suggests It's 35% Undervalued

Sep 30
An Intrinsic Calculation For Grupa Pracuj S.A. (WSE:GPP) Suggests It's 35% Undervalued
CPS
zł14.82
Cyfrowy Polsat
7D
5.9%
1Y
20.8%

Cyfrowy Polsat S.A.'s (WSE:CPS) Popularity With Investors Is Clear

Sep 20
Cyfrowy Polsat S.A.'s (WSE:CPS) Popularity With Investors Is Clear
ALE
zł33.50
Allegro.eu
7D
-4.3%
1Y
-2.7%
PZU
zł56.12
Powszechny Zaklad Ubezpieczen
7D
1.5%
1Y
33.9%
BFT
zł3,295.00
Benefit Systems
7D
6.3%
1Y
30.0%

We Think Benefit Systems (WSE:BFT) Can Stay On Top Of Its Debt

Sep 17
We Think Benefit Systems (WSE:BFT) Can Stay On Top Of Its Debt
DIA
zł185.00
Diagnostyka
7D
-3.6%
1Y
n/a

Diagnostyka's (WSE:DIA) Strong Earnings Are Of Good Quality

Sep 12
Diagnostyka's (WSE:DIA) Strong Earnings Are Of Good Quality
CDR
zł278.60
CD Projekt
7D
2.4%
1Y
62.4%

Witcher Four Delay Will Raise Costs Yet Cyberpunk Will Excite

With both consensus revenue growth forecasts and the discount rate remaining unchanged, analysts have left CD Projekt's price target steady at PLN220.44. Valuation Changes Summary of Valuation Changes for CD Projekt The Consensus Analyst Price Target remained effectively unchanged, at PLN220.44.
PEO
zł184.80
Bank Polska Kasa Opieki
7D
4.7%
1Y
23.6%

Falling Interest Rates And Rising Costs Will Pressure Margins

With both the discount rate and future P/E ratio remaining essentially unchanged, analysts have maintained Bank Polska Kasa Opieki’s fair value at PLN208.95. What's in the News Bank Polska Kasa Opieki S.A. has scheduled a Special/Extraordinary Shareholders Meeting on Sep 03, 2025, at 10:00 Central European Standard Time.
ZAB
zł21.39
Zabka Group
7D
-7.0%
1Y
n/a