Best Polish Stocks: September 2026
Poland is the largest economy and the largest stock exchange in Central and Eastern Europe, an EU member with developed-market plumbing that the index providers still file under emerging, and a market whose headline index is dominated by state-controlled banks, energy and utilities. Underneath that sits a deep mid-cap bench of software firms, distributors, manufacturers and consumer businesses that a factor screen reaches and the WIG20 never will. MoatMap scores 240+ Warsaw names, and the list below is where Quality, Value and Momentum agree.
MoatMap scored 242 Polish stocks on 2026-09-11; 101 cleared the $250M market-cap floor this list applies. The market's average StockRank is 58. Technology is the most represented sector in the top 10 (3 names).
September 2026 edition · data as of ·How we score stocks·All Poland stocks, refreshed daily
Top 25 Polish Stocks by StockRank
| # | Ticker | Company | Score | Q | V | M |
|---|---|---|---|---|---|---|
| 1 | TXT.WA | Text S.A. | 99 | 88 | 74 | 57 |
| 2 | KGN.WA | Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. | 99 | 83 | 89 | 48 |
| 3 | KRK.WA | Krka, d. d. | 99 | 85 | 58 | 73 |
| 4 | SEL.WA | Selena FM S.A. | 98 | 75 | 79 | 56 |
| 5 | UNT.WA | Unimot S.A. | 98 | 49 | 81 | 80 |
| 6 | ASB.WA | ASBISc Enterprises Plc | 97 | 65 | 70 | 74 |
| 7 | RBW.WA | Rainbow Tours S.A. | 97 | 79 | 73 | 54 |
| 8 | ABS.WA | Asseco Business Solutions S.A. | 96 | 82 | 54 | 66 |
| 9 | PKN.WA | Orlen S.A. | 95 | 65 | 67 | 70 |
| 10 | ENA.WA | ENEA S.A. | 95 | 76 | 85 | 39 |
| 11 | BST.WA | BEST S.A. | 95 | 53 | 70 | 78 |
| 12 | SKA.WA | Fabryka Farb i Lakierów Sniezka SA | 94 | 78 | 63 | 58 |
| 13 | DVL.WA | Develia S.A. | 93 | 79 | 56 | 60 |
| 14 | PCR.WA | PCC Rokita SA | 93 | 55 | 78 | 63 |
| 15 | EBP.WA | Erste Bank Polska S.A. | 93 | 72 | 42 | 81 |
| 16 | OPN.WA | Oponeo.pl S.A. | 93 | 62 | 57 | 75 |
| 17 | ACP.WA | Asseco Poland S.A. | 92 | 59 | 74 | 60 |
| 18 | GPP.WA | Grupa Pracuj S.A. | 91 | 81 | 50 | 61 |
| 19 | MBR.WA | Mo-BRUK S.A. | 91 | 73 | 40 | 80 |
| 20 | APR.WA | Auto Partner SA | 91 | 67 | 33 | 91 |
| 21 | LBW.WA | Lubawa S.A. | 90 | 76 | 48 | 66 |
| 22 | ASE.WA | Asseco South Eastern Europe S.A. | 90 | 68 | 64 | 57 |
| 23 | KGH.WA | KGHM Polska Miedz S.A. | 88 | 67 | 56 | 64 |
| 24 | VOX.WA | Voxel S.A. | 88 | 66 | 59 | 62 |
| 25 | DBC.WA | Tire Company Debica S.A. | 88 | 47 | 68 | 71 |
Ranked by StockRank (Quality + Value + Momentum composite) at a minimum market cap of $250M. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : OPN.WA · Full Poland insider feed
The State, the Mid Caps, and Which One You Are Buying
Warsaw's index weight belongs to the State Treasury. Orlen in energy, PKO BP and Pekao in banking, PZU in insurance, PGE and Enea in power and KGHM in copper are all majority or effectively state-controlled, and their dividend policies, capital spending and occasional windfall levies move with the political cycle rather than with the business. That is the single biggest thing to know before reading a Polish list: a high Value score on a state champion is partly a discount for that control, and it can persist for years. The mid caps are a different market. Software, IT distribution, construction chemicals, fuel retail, tour operators and specialty manufacturers are mostly founder-run, and it is where the screen tends to find its Quality.
The domestic investor base changed shape a decade ago and the market is still adjusting. The 2014 reform gutted the private pension funds that had been Warsaw's natural buyer of mid caps, and it took the employee capital plans introduced in 2019 to start rebuilding a domestic bid. Foreign institutions fill part of the gap and retail participation is rising, but coverage of anything outside the WIG20 is thin. For a screen that is the point: a well-run Polish mid cap can sit at a single-digit multiple for a long time simply because nobody with a mandate is looking, and when it re-rates the move is large.
Disclosure follows the EU Market Abuse Regulation, and MoatMap reads it directly. Managers and closely associated persons must report trades within three business days, and the filings arrive as standardised notifications on the ESPI system carrying the person, the role, the instrument, the volume and the price. Buybacks file the same way as aggregated daily reports. The director-buying callout below the table draws on those filings; Poland's version of the feed is one of the more complete in Europe because the form is standardised and the exchange publishes it promptly.
Access is straightforward. Most international brokers offer Warsaw trading, settlement is in zloty, and the zloty itself is a floating currency that has been comparatively stable against the euro while moving more against the dollar. Poland taxes capital gains and dividends for residents at a flat rate and withholds tax on dividends paid to non-residents, reduced under a wide treaty network, so confirm the current treatment with your broker before comparing a Polish yield against another market's. Note that index providers disagree about Poland: one files it under developed markets and another under emerging, which affects which passive flows reach it.
Related reading: Best Polish Stocks 2026: the full Warsaw thesis →
Frequently Asked Questions
- What are the best Polish stocks to buy right now?
- The table above ranks MoatMap's top 25 Warsaw-listed stocks by StockRank, a composite of Quality (ROIC, F-Score, leverage), Value (P/E, EV/EBITDA, P/B, shareholder yield) and Momentum (price trend plus earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- Is Poland an emerging or a developed market?
- Both, depending on whom you ask. FTSE Russell reclassified Poland as developed in 2018; MSCI still files it under emerging markets. The economy is an EU member with developed-market regulation and disclosure, so for a factor screen the label matters less than the structure: a state-heavy large-cap index over a founder-run mid-cap bench.
- Why are so many large Polish companies state-controlled?
- Energy, banking, insurance, power and mining champions were partly privatised through the exchange in the 1990s and 2000s with the State Treasury keeping control. Their dividend policies, investment plans and occasional special levies move with the political cycle, which is why a persistently high Value score on a state champion is partly a discount for that control rather than a mispricing.
- Does MoatMap track Polish insider trades and buybacks?
- Yes. The Poland feed reads the standardised MAR Article 19 notifications that managers file on the ESPI system within three business days, plus the aggregated daily buyback reports, and the director-buying and buyback callouts on this page draw on them.
- How can foreigners buy Polish stocks, and what about the zloty?
- Most international brokers offer Warsaw Stock Exchange access and settlement is in zloty, a floating currency that has been comparatively stable against the euro. Poland withholds tax on dividends paid to non-residents, reduced under treaties, so confirm the current rules with your broker.
- How often does this Poland ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked-stocks screener filtered to Poland.