Warsaw Stock Exchange (GPW) · NewConnect (GPW) · below €300M
Polish Microcap Stocks Screener — GPW Warsaw
Screen Polish microcap stocks below PLN 1.4B (~€300M) on GPW Warsaw — the most structurally discounted microcap market in the European Union.
What makes Poland microcaps worth screening
- GPW NewConnect lists 300+ companies that are effectively invisible to international investors — Polish-language filings, no ADRs, no inclusion in international indices, and near-zero foreign institutional ownership
- Polish microcaps trade at the deepest structural discount in the EU — lower P/E and P/B than comparable German, French, or Swedish companies despite similar underlying return profiles and growing export revenues
- Poland has produced multiple globally competitive companies in gaming, e-commerce, and B2B software that started as GPW microcaps — CD Projekt, Allegro, and LiveChat all went through this stage
- EU membership and regulatory standards comparable to Western Europe combine with emerging-market-level valuations — a combination that will not persist indefinitely as Polish institutional investor base matures
Where Poland microcaps are listed
NewConnect (GPW)
Part of Warsaw Stock Exchange (GPW). Most Poland companies below €300M market cap are listed on this alternative or growth segment — lighter listing requirements, same exchange oversight, and PLN-denominated trading.
Exchange code in ScreenerHero: GPW
How to screen Poland microcap stocks
1. Set exchange + market cap
Select GPW in the exchange filter. Set market cap maximum to €300M (or the PLN equivalent — equivalent in your target range). Sort by market cap ascending to start from the smallest names.
2. Apply quality filters
Add ROE > 8% and positive profit margin to filter the profitable subset of the microcap universe. Debt/equity below 1.5 removes overleveraged names. This combination narrows the universe to companies worth deeper analysis.
3. Find the cheapest
Sort by P/E or EV/EBITDA ascending within your quality-filtered list. Click any result to open the full instrument page — price history, fundamentals breakdown, and upcoming events.
Screen Poland microcap stocks now
Filter by P/E, ROE, EV/EBITDA, margins, beta, and dividend yield across all Warsaw Stock Exchange (GPW) listings below €300M. Free, no account needed.
Common questions
What is NewConnect and how does it relate to Polish microcap stocks?
NewConnect is the GPW-operated alternative market for smaller Polish companies. It lists over 300 companies, the majority below PLN 100M market cap. Requirements are lighter than the main GPW market but companies must still file regular financial reports. NewConnect is the primary venue for Polish microcaps in technology, gaming, e-commerce, and business services.
Why do Polish microcaps trade at such low valuations?
Polish microcaps carry a combined discount from multiple sources: emerging market risk premium despite EU membership, extremely low foreign institutional ownership (most cannot invest below PLN 500M), Polish-language filings, and lack of inclusion in MSCI or FTSE indices that trigger forced buying. Many companies with 8–12% ROE and growing revenues trade at 5–8x earnings.
How do I screen Polish microcap stocks in ScreenerHero?
Select GPW in the exchange filter and set market cap maximum to approximately PLN 1,400M (€300M equivalent). Apply ROE > 8% and positive profit margin to filter the quality segment of this market. The P/B filter is particularly useful — Polish microcaps with strong balance sheets and positive ROE often trade well below book value. Sort by P/E ascending to find the most attractively priced.
Can I screen Poland microcaps alongside other European markets?
Yes — the ScreenerHero screener lets you select multiple exchanges simultaneously. Combine GPW with other European exchanges and apply the same market cap maximum to run cross-country microcap screens with identical fundamental filters.
Related screeners
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Poland microcaps. Screened in seconds.
The Warsaw Stock Exchange (GPW) companies below €300M that major screeners miss. Dense tables, fast filters, all active listings — including the ones with no analyst coverage. Free, no account needed. Premium at €25/mo adds alerts and exports.