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Bulgarian (SOFIX) Tech Sector Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies8
  • 7D3.2%
  • 3M-15.3%
  • 1Y46.2%
  • YTD-4.1%

Over the last 7 days, the Tech industry has risen 4.4%, driven by gains from Shelly Group of 6.0%. Meanwhile, Sirma Group Holding AD actually underperformed within the industry, shrinking 6.5% in the last week. This takes the industry's 12 month performance to a gain of 50%. As for the next few years, earnings are expected to grow by 33% per annum.

Sector Valuation and Performance

Has the Bulgarian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026лв1.3bлв401.5mлв30.1m43.6x42.3x3.2x
Sat, 04 Apr 2026лв1.2bлв405.4mлв31.7m32.3x37x2.9x
Mon, 02 Mar 2026лв1.3bлв395.5mлв36.2m52.6x36.9x3.4x
Wed, 28 Jan 2026лв1.5bлв352.7mлв39.8m43.9x37.3x4.2x
Fri, 26 Dec 2025лв1.4bлв580.3mлв53.2m33.9x25.7x2.4x
Sun, 23 Nov 2025лв1.3bлв527.1mлв38.2m36.7x34.4x2.5x
Tue, 21 Oct 2025лв1.3bлв543.0mлв31.5m41.9x39.9x2.3x
Thu, 18 Sep 2025лв1.3bлв543.2mлв31.5m42.4x40.3x2.3x
Sat, 16 Aug 2025лв1.2bлв490.2mлв27.4m40.2x45.3x2.5x
Mon, 14 Jul 2025лв1.2bлв490.0mлв27.4m38.7x43.8x2.4x
Wed, 11 Jun 2025лв1.2bлв487.2mлв33.4m39.4x36.5x2.5x
Fri, 09 May 2025лв929.9mлв473.5mлв33.4m29.2x27.8x2x
Sun, 06 Apr 2025лв885.7mлв473.4mлв33.7m27.3x26.3x1.9x
Tue, 04 Mar 2025лв954.3mлв446.8mлв29.0m20.4x33x2.1x
Thu, 30 Jan 2025лв914.3mлв408.3mлв22.9m23.6x39.9x2.2x
Sat, 28 Dec 2024лв874.8mлв408.3mлв22.9m21.8x38.2x2.1x
Mon, 25 Nov 2024лв923.7mлв398.5mлв27.2m20.4x34x2.3x
Wed, 23 Oct 2024лв902.9mлв391.5mлв27.4m20.3x32.9x2.3x
Fri, 20 Sep 2024лв904.1mлв377.8mлв25.9m21.9x34.9x2.4x
Sun, 18 Aug 2024лв894.4mлв377.0mлв26.6m22.3x33.6x2.4x
Tue, 16 Jul 2024лв1.6bлв461.9mлв45.7m23.1x34.8x3.4x
Thu, 13 Jun 2024лв1.5bлв463.8mлв46.2m35.6x32.7x3.3x
Sat, 11 May 2024лв1.5bлв430.2mлв40.2m24.7x36.5x3.4x
Mon, 08 Apr 2024лв1.4bлв429.8mлв40.0m24.3x35.4x3.3x
Wed, 06 Mar 2024лв1.3bлв429.9mлв40.1m22.2x31.5x2.9x
Fri, 02 Feb 2024лв1.3bлв374.6mлв31.2m26.6x40.4x3.4x
Sun, 31 Dec 2023лв1.1bлв374.6mлв31.2m22.7x33.9x2.8x
Tue, 28 Nov 2023лв942.5mлв359.4mлв21.9m15.5x43x2.6x
Thu, 26 Oct 2023лв951.8mлв349.9mлв19.1m15.6x49.7x2.7x
Sat, 23 Sep 2023лв981.7mлв349.9mлв19.1m16.1x51.3x2.8x
Mon, 21 Aug 2023лв850.9mлв344.9mлв19.9m22.4x42.7x2.5x
Wed, 19 Jul 2023лв696.4mлв344.9mлв19.9m18.9x35x2x
Fri, 16 Jun 2023лв698.0mлв342.9mлв20.1m25.4x34.8x2x
Sun, 14 May 2023лв590.8mлв336.4mлв20.7m17x28.5x1.8x
Price to Earnings Ratio

28.5x


Total Market Cap: лв590.8mTotal Earnings: лв20.7mTotal Revenue: лв336.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Tech Sector Price to Earnings3Y Average 37.1x202420252026
Current Industry PE
  • Investors are optimistic on the Bulgarian Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.1x which is higher than its 3-year average PE of 37.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 6.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Bulgarian Tech sector?

BG Market0.53%
Tech3.15%
Electronic Equipment and Components4.04%
Software3.06%
Tech Hardware0%0
IT-5.46%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 23.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 175% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SLYG Shelly Group€58.404.3%
+€43.6m		61.3%PE42.3x
WISR Wiser Technology AD€2.021.0%
+€385.0k		-14.8%PS1x
BDT Biodit AD€0.1214.3%
+€222.3k		-38.2%PS11.8x

Latest News

SIRM
€0.83
Sirma Group Holding AD
7D
-7.0%
1Y
33.1%
BDT
€0.12
Biodit AD
7D
14.3%
1Y
-38.2%
SLYG
€58.40
Shelly Group
7D
4.3%
1Y
61.3%
WISR
€2.02
Wiser Technology AD
7D
1.0%
1Y
-14.8%
TBS
€4.60
Telelink Business Services Group AD
7D
-4.2%
1Y
-1.0%