BNP Paribas Bank Polska S.A.

WSE:BNP Stock Report

Market Cap: zł16.7b

BNP Paribas Bank Polska Valuation

Is BNP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BNP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BNP (PLN116) is trading below our estimate of fair value (PLN211.9)

Significantly Below Fair Value: BNP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BNP?

Key metric: As BNP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BNP. This is calculated by dividing BNP's market cap by their current earnings.
What is BNP's PE Ratio?
PE Ratio6.4x
Earningszł2.68b
Market Capzł16.71b

Price to Earnings Ratio vs Peers

How does BNP's PE Ratio compare to its peers?

The above table shows the PE ratio for BNP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
MIL Bank Millennium
18.9x22.98%zł19.4b
ALR Alior Bank
6x-4.56%zł13.8b
BHW Bank Handlowy w Warszawie
7.4x-8.79%zł13.3b
ING ING Bank Slaski
9.7x0.47%zł44.2b
BNP BNP Paribas Bank Polska
6.4x-3.43%zł17.2b

Price-To-Earnings vs Peers: BNP is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does BNP's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BNP 6.4xIndustry Avg. 10.4xNo. of Companies43PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BNP is good value based on its Price-To-Earnings Ratio (6.4x) compared to the European Banks industry average (10.4x).

Price to Earnings Ratio vs Fair Ratio

What is BNP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BNP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio7.7x

Price-To-Earnings vs Fair Ratio: BNP is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (7.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BNP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł116.00
zł144.65
+24.70%
5.07%zł156.00zł136.50n/a5
Dec ’26zł116.00
zł144.45
+24.53%
5.04%zł156.00zł136.50n/a5
Nov ’26zł113.00
zł139.47
+23.42%
11.37%zł156.00zł120.00n/a5
Oct ’26zł102.50
zł131.47
+28.26%
11.86%zł154.34zł116.00n/a5
Sep ’26zł107.00
zł130.27
+21.75%
11.22%zł154.34zł116.00n/a5
Aug ’26zł103.00
zł127.51
+23.80%
8.28%zł140.55zł116.00n/a5
Jul ’26zł109.00
zł127.51
+16.98%
8.28%zł140.55zł116.00n/a5
Jun ’26zł99.80
zł113.82
+14.05%
17.78%zł140.00zł72.74n/a6
May ’26zł105.50
zł114.15
+8.20%
18.11%zł142.00zł72.74n/a6
Apr ’26zł113.00
zł114.15
+1.02%
18.11%zł142.00zł72.74n/a6
Mar ’26zł97.60
zł105.65
+8.25%
14.68%zł119.00zł72.74n/a6
Feb ’26zł88.40
zł107.49
+21.59%
15.99%zł127.00zł72.74n/a6
Jan ’26zł85.20
zł102.06
+19.79%
20.31%zł127.00zł69.50n/a7
Dec ’25zł81.80
zł107.07
+30.89%
23.62%zł143.23zł69.50zł116.007
Nov ’25zł86.40
zł109.98
+27.29%
22.85%zł143.23zł69.50zł113.007
Oct ’25zł93.00
zł109.98
+18.26%
22.85%zł143.23zł69.50zł102.507
Sep ’25zł104.00
zł110.70
+6.44%
22.84%zł143.23zł69.50zł107.007
Aug ’25zł102.00
zł108.83
+6.69%
21.42%zł132.15zł69.50zł103.007
Jul ’25zł102.00
zł109.23
+7.09%
20.84%zł132.15zł69.50zł109.007
Jun ’25zł96.60
zł109.52
+13.37%
20.89%zł132.15zł69.50zł99.807
May ’25zł101.00
zł111.19
+10.09%
14.74%zł132.15zł78.98zł105.506
Apr ’25zł109.00
zł102.70
-5.78%
19.59%zł120.00zł60.19zł113.006
Mar ’25zł105.00
zł94.20
-10.29%
17.95%zł110.00zł60.19zł97.606
Feb ’25zł89.00
zł91.00
+2.25%
14.80%zł110.00zł73.00zł88.406
Jan ’25zł85.60
zł91.17
+6.50%
14.53%zł110.00zł74.00zł85.206
Dec ’24zł79.20
zł87.50
+10.48%
15.24%zł110.00zł74.00zł81.806
zł144.65
Fair Value
19.8% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/10 19:21
End of Day Share Price 2025/12/10 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BNP Paribas Bank Polska S.A. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Michal KonarskiBiuro maklerskie mBanku
Andrzej PowierzaCitigroup Inc