Erste Bank Polska S.A.

WSE:EBP Stock Report

Market Cap: zł64.8b

Erste Bank Polska Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: EBP (PLN634.2) is trading below our estimate of future cash flow value (PLN863.88)

Significantly Below Future Cash Flow Value: EBP is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EBP. This is calculated by dividing EBP's market cap by their current earnings.
What is EBP's PE Ratio?
PE Ratio11.5x
Earningszł5.63b
Market Capzł64.81b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.7x
ING ING Bank Slaski
13.7x5.75%zł60.8b
PEO Bank Polska Kasa Opieki
9.1x2.09%zł60.0b
MBK mBank
15.9x10.06%zł60.2b
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
12x8.83%zł128.8b
EBP Erste Bank Polska
11.5x9.31%zł64.8b

Price-To-Earnings vs Peers: EBP is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (12.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EBP 11.5xIndustry Avg. 11.5xNo. of Companies44PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EBP is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the European Banks industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is EBP'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.

EBP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: EBP is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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 EBP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł645.00
zł633.99
-1.71%
12.53%zł713.00zł490.00n/a9
Jun ’27zł596.00
zł634.53
+6.47%
12.56%zł713.00zł490.00n/a9
May ’27zł616.00
zł625.98
+1.62%
12.70%zł725.00zł514.00n/a8
Apr ’27zł600.00
zł590.42
-1.60%
12.47%zł725.00zł490.00n/a9
Mar ’27zł591.20
zł581.53
-1.64%
12.65%zł728.00zł490.00n/a9
Feb ’27zł559.20
zł551.23
-1.43%
6.62%zł602.00zł490.00n/a8
Jan ’27zł545.40
zł563.42
+3.30%
12.33%zł711.00zł440.00n/a9
Dec ’26zł511.60
zł559.85
+9.43%
12.86%zł711.00zł450.00n/a8
Nov ’26zł487.20
zł563.71
+15.70%
12.53%zł711.00zł450.00n/a8
Oct ’26zł487.80
zł560.61
+14.93%
14.27%zł711.00zł420.00n/a8
Sep ’26zł493.00
zł565.61
+14.73%
12.71%zł711.00zł460.00n/a8
Aug ’26zł524.20
zł560.13
+6.85%
13.18%zł711.00zł460.00n/a8
Jul ’26zł487.00
zł559.58
+14.90%
13.23%zł711.00zł460.00n/a8
Jun ’26zł500.60
zł576.33
+15.13%
10.92%zł711.00zł490.00zł596.008
May ’26zł577.20
zł589.97
+2.21%
12.50%zł711.00zł490.00zł616.009
Apr ’26zł569.20
zł579.74
+1.85%
14.10%zł711.00zł478.00zł600.009
Mar ’26zł520.60
zł557.07
+7.00%
11.35%zł639.00zł450.00zł591.209
Feb ’26zł507.00
zł555.58
+9.58%
12.35%zł639.00zł450.00zł559.209
Jan ’26zł457.60
zł557.80
+21.90%
11.72%zł639.00zł470.00zł545.409
Dec ’25zł437.20
zł562.01
+28.55%
10.50%zł639.00zł470.00zł511.609
Nov ’25zł447.70
zł565.45
+26.30%
9.90%zł639.00zł470.00zł487.209
Oct ’25zł452.60
zł565.45
+24.93%
9.90%zł639.00zł470.00zł487.809
Sep ’25zł519.60
zł566.56
+9.04%
10.06%zł639.00zł470.00zł493.009
Aug ’25zł508.40
zł561.43
+10.43%
10.35%zł639.00zł470.00zł524.209
Jul ’25zł549.20
zł541.10
-1.47%
14.24%zł639.00zł420.00zł487.009
Jun ’25zł504.40
zł543.99
+7.85%
14.77%zł646.00zł420.00zł500.609
zł633.99
Fair Value
0.03% overvalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 17:04
End of Day Share Price 2026/06/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

Erste Bank Polska S.A. is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas MarkouBerenberg
Michal KonarskiBiuro maklerskie mBanku
Olga VeselovaBofA Global Research