Blog — learning to read Croatian stocks

• Croatian pension funds A, B and C: how far apart the returns really are (30 June 2026) (2026-09-02) — Returns of Croatian mandatory pension funds A, B and C as of 30 June 2026 — units, YTD and ten-year returns, plus OMF stakes in Zagreb Stock Exchange shares.
• ZSE sector indices: what they contain, how they are calculated and why they have diverged since 2013 (2026-08-29) — The five ZSE sector indices: composition, equal weights and returns from a shared 2013 base. Tourism +501 %, food −17 %. ZSE data for 28 Aug 2026.
• ING-GRAD stock (IG): revenue, margin, €3.00 dividend and the fair-value zone (2026-08-08) — ING-GRAD (IG): revenue up 72.9% in three years to €168.4m, margin declining, P/E 15.7, dividend €3.00. Informational, not a recommendation.
• AD Plastik stock (ADPL): revenue, EBITDA margin, P/E and the fair-value zone (2026-08-01) — AD Plastik (ADPL): revenue 2023–2025, EBITDA margin, P/E 7.5, P/B 0.94, dividend and the fair-value zone. Informational, not a recommendation.
• Pension funds (OMF): how to read accounting units and where the funds hold money on the ZSE (2026-07-25) — Croatian mandatory pension funds: unit values by category, the Mirex benchmark, and the ZSE stocks where pension funds hold the largest stakes.
• What Burzovni list is: fair-value zones, ratios and dividends for every ZSE stock (2026-07-15) — Free analysis of every Zagreb Stock Exchange stock: fair-value zones, financial ratios, a dividend calendar, screener and comparison. No sign-up.
• What the fair-value zone is and how we read it (2026-07-14) — Why we show a valuation as a range rather than a single number, how the zone is built and what it means when the price is above or below it.
• Why a holding company is worth less than the sum of its parts (2026-07-14) — The SOTP method adds up a holding's parts, yet the market almost always pays less than that sum. What the holding discount is, where it comes from and how it is measured.
• P/E ratio of a stock: what it means, how it is calculated and when a low P/E is a trap (2026-07-12) — The P/E ratio explained on Zagreb Stock Exchange examples: how it is calculated, what low or high P/E means and why it does not compare across sectors.

For information only — not investment advice or a recommendation.