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Polish (WIG) Market Analysis & Valuation

UpdatedSep 22, 2025
DataAggregated Company Financials
Companies626
  • 7D-0.8%
  • 3M3.8%
  • 1Y23.0%
  • YTD24.7%

Over the last 7 days, the market has remained flat, although notably the Utilities sector declined by 4.4%. More promisingly, the market is up 23% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Sep 2025zł1.0tzł1.2tzł49.9b13.4x20.6x0.9x
Wed, 20 Aug 2025zł1.1tzł1.2tzł56.1b12.9x19.3x0.9x
Fri, 18 Jul 2025zł1.1tzł1.2tzł54.2b13.1x19.5x0.9x
Sun, 15 Jun 2025zł989.0bzł1.2tzł54.0b13x18.3x0.8x
Tue, 13 May 2025zł1.0tzł1.2tzł48.4b13.5x21.3x0.9x
Thu, 10 Apr 2025zł894.6bzł1.2tzł49.0b12.1x18.3x0.7x
Sat, 08 Mar 2025zł950.2bzł1.2tzł48.0b12.7x19.8x0.8x
Mon, 03 Feb 2025zł883.8bzł1.2tzł42.8b11.9x20.6x0.7x
Wed, 01 Jan 2025zł805.5bzł1.2tzł42.9b11x18.8x0.7x
Fri, 29 Nov 2024zł800.5bzł1.2tzł44.7b11.4x17.9x0.7x
Sun, 27 Oct 2024zł819.5bzł1.2tzł53.6b11.7x15.3x0.7x
Tue, 24 Sep 2024zł811.7bzł1.2tzł54.0b11.7x15x0.7x
Thu, 22 Aug 2024zł845.5bzł1.2tzł58.3b11.8x14.5x0.7x
Sat, 20 Jul 2024zł871.2bzł1.2tzł58.1b12.2x15x0.7x
Mon, 17 Jun 2024zł852.7bzł1.2tzł58.3b12.3x14.6x0.7x
Wed, 15 May 2024zł899.5bzł1.3tzł66.9b12.2x13.4x0.7x
Fri, 12 Apr 2024zł878.5bzł1.3tzł78.2b12.4x11.2x0.7x
Sun, 10 Mar 2024zł847.3bzł1.3tzł85.2b12.6x9.9x0.7x
Tue, 06 Feb 2024zł834.9bzł1.3tzł90.3b12.8x9.2x0.7x
Thu, 04 Jan 2024zł826.7bzł1.3tzł90.6b12.7x9.1x0.6x
Sat, 02 Dec 2023zł816.8bzł1.3tzł92.1b12.3x8.9x0.6x
Mon, 30 Oct 2023zł752.6bzł1.3tzł94.0b12x8x0.6x
Wed, 27 Sep 2023zł708.7bzł1.3tzł90.6b12.2x7.8x0.6x
Fri, 25 Aug 2023zł738.3bzł1.2tzł91.3b12.5x8.1x0.6x
Sun, 23 Jul 2023zł781.0bzł1.2tzł92.8b13.2x8.4x0.6x
Tue, 20 Jun 2023zł744.4bzł1.2tzł92.8b12.8x8x0.6x
Thu, 18 May 2023zł709.9bzł1.1tzł88.1b12x8.1x0.6x
Sat, 15 Apr 2023zł686.0bzł1.1tzł88.6b11.6x7.7x0.6x
Mon, 13 Mar 2023zł669.1bzł1.1tzł94.5b11.3x7.1x0.6x
Wed, 08 Feb 2023zł675.8bzł1.0tzł76.7b10.7x8.8x0.6x
Fri, 06 Jan 2023zł673.8bzł1.0tzł76.8b10.4x8.8x0.6x
Sun, 04 Dec 2022zł637.8bzł1.0tzł77.7b10.3x8.2x0.6x
Tue, 01 Nov 2022zł576.1bzł1.1tzł88.3b9.5x6.5x0.5x
Thu, 29 Sep 2022zł548.3bzł1.1tzł90.5b9.4x6.1x0.5x
Price to Earnings Ratio

6.1x


Total Market Cap: zł548.3bTotal Earnings: zł90.5bTotal Revenue: zł1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Market Price to Earnings3Y Average 12.7x202320242025
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 20.6x which is higher than its 3-year average PE of 12.7x.
Past Earnings Growth
  • The earnings for Polish listed companies have declined 18% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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-0.77%
Industrials1.23%
Energy0.31%
Healthcare0.068%
Telecom-0.25%
Consumer Staples-0.50%
Financials-0.85%
Consumer Discretionary-0.86%
Materials-0.92%
Tech-1.02%
Real Estate-1.09%
Utilities-4.42%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 108x.
    • 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 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 0.7% 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
PCO Pepco Groupzł21.788.4%
+zł967.7m		24.0%PS0.5xConsumer Discretionary
ECH Echo Investmentzł6.4014.7%
+zł338.4m		53.1%PS2.4xReal Estate
DIA Diagnostykazł214.604.5%
+zł310.6m		n/aPE30.2xHealthcare
JSW Jastrzebska Spólka Weglowazł25.7311.2%
+zł305.3m		13.8%PS0.3xMaterials
CDR CD Projektzł259.501.0%
+zł249.8m		54.8%PE57xTelecom
See more

Market Insights

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Richard Bowman
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It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
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MBK
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Bank Polska Kasa Opieki
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19.3%

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