Quality Momentum

QM · rank #8 · 2026-09-07

GPW

GPW · PLN · $1.07B (USD)

SignalStrong Buy2.5strength 2.5 / 10
verdict · PROCEED

The exact numbers the algorithm saw.

Factor scores and the inputs behind this pick.
Momentum 12-1
Return from 12 months ago to 1 month ago.
+84.58%
ROE TTM
Return on equity, trailing 12 months.
+18.6%
Profit margin
Net profit margin, trailing 12 months.
+36.4%
Market cap (USD)
Size filter: > $300M required (USD-equivalent).
$1.07B
Anchor (recent)
Close on 2026-08-07
$106.50
Anchor (far)
Close on 2025-08-08
$57.70

The AI research card

Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.

Summary

GPW operates the Warsaw Stock Exchange, Poland's dominant regulated equity trading venue, generating revenues from trading fees, index services, and market data across its Main Market and related platforms.

Rationale

Record 2025 revenues (+18.7% YoY), Q1 2026 net margins above 40%, ROE of ~18.6%, and a 12-month price return of ~85% confirm that both the quality and momentum legs of the signal are grounded in genuine, accelerating fundamental performance rather than multiple expansion alone.

Material risks

  • 1Volume-driven revenue model means a reversal in foreign investor participation (currently a record 73% of Main Market turnover) or a broader EM/CEE risk-off rotation could sharply compress earnings with no contracted backlog to cushion the drawdown.
  • 2European market structure reform or growth of alternative trading venues could reroute Polish order flow, eroding GPW's pricing power and the volume trajectory that underpins the momentum signal.

AI verdict council

Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.

OpenAI
Proceed
Claude
Proceed
Gemini
Proceed