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Bulgarian (SOFIX) Tech Sector Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.8%
  • 3M6.0%
  • 1Y20.0%
  • YTD4.8%

The Tech is pretty flat in the last 7 days, but Sirma Group JSC has stood out, gaining 6.2%. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 32% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026лв1.4bлв432.1mлв40.3m31.3x34.5x3.2x
Tue, 18 Aug 2026лв1.4bлв436.3mлв41.1m30x34x3.2x
Thu, 16 Jul 2026лв1.3bлв427.4mлв37.4m31.2x33.7x3x
Sat, 13 Jun 2026лв1.3bлв425.9mлв36.8m36.2x35.5x3.1x
Mon, 11 May 2026лв1.3bлв400.4mлв30.0m44.5x42.8x3.2x
Wed, 08 Apr 2026лв1.2bлв402.5mлв31.4m33x37x2.9x
Fri, 06 Mar 2026лв1.3bлв410.4mлв34.4m48.7x38.2x3.2x
Sun, 01 Feb 2026лв1.4bлв356.2mлв40.2m43x36x4.1x
Tue, 30 Dec 2025лв1.4bлв580.5mлв53.2m33.9x25.7x2.4x
Thu, 27 Nov 2025лв1.3bлв527.2mлв38.2m37.5x35x2.5x
Sat, 25 Oct 2025лв1.3bлв542.8mлв31.4m42x40x2.3x
Mon, 22 Sep 2025лв1.2bлв542.9mлв31.5m41x39.4x2.3x
Wed, 20 Aug 2025лв1.3bлв490.4mлв27.5m41.7x46.5x2.6x
Fri, 18 Jul 2025лв1.2bлв490.2mлв27.4m38.7x43.7x2.4x
Sun, 15 Jun 2025лв1.2bлв487.0mлв33.4m36.9x34.7x2.4x
Tue, 13 May 2025лв964.4mлв473.2mлв33.4m30.7x28.9x2x
Thu, 10 Apr 2025лв868.0mлв473.4mлв33.7m26.4x25.8x1.8x
Sat, 08 Mar 2025лв942.6mлв463.6mлв33.3m28.9x28.3x2x
Mon, 03 Feb 2025лв922.5mлв408.5mлв22.9m23.6x40.2x2.3x
Wed, 01 Jan 2025лв874.8mлв408.2mлв22.9m21.8x38.2x2.1x
Fri, 29 Nov 2024лв925.8mлв398.5mлв27.2m20.7x34x2.3x
Sun, 27 Oct 2024лв910.9mлв391.4mлв27.4m20.5x33.2x2.3x
Tue, 24 Sep 2024лв904.1mлв377.7mлв25.9m21.9x34.9x2.4x
Thu, 22 Aug 2024лв893.2mлв376.6mлв26.5m22.6x33.6x2.4x
Sat, 20 Jul 2024лв912.0mлв461.9mлв45.7m13.8x20x2x
Mon, 17 Jun 2024лв1.5bлв463.7mлв45.9m34.2x32.3x3.2x
Wed, 15 May 2024лв1.4bлв430.2mлв40.2m24.4x36x3.4x
Fri, 12 Apr 2024лв1.4bлв429.8mлв40.0m24.4x35.7x3.3x
Sun, 10 Mar 2024лв1.3bлв428.6mлв40.1m22.8x32.7x3.1x
Tue, 06 Feb 2024лв1.3bлв374.6mлв31.2m26.6x40.3x3.4x
Thu, 04 Jan 2024лв1.1bлв374.6mлв31.2m22.9x34.3x2.9x
Sat, 02 Dec 2023лв937.8mлв375.9mлв31.7m15.5x29.6x2.5x
Mon, 30 Oct 2023лв944.3mлв349.9mлв19.1m15.6x49.3x2.7x
Wed, 27 Sep 2023лв995.5mлв349.9mлв19.1m15.8x52x2.8x
Price to Earnings Ratio

52x


Total Market Cap: лв995.5mTotal Earnings: лв19.1mTotal Revenue: лв349.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Tech Sector Price to Earnings3Y Average 36.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Bulgarian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 36.7x.
  • The 3-year average PS ratio of 2.7x 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 28% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market-1.09%
Tech-0.82%
IT1.20%
Tech Hardware0%0
Software-0.58%
Electronic Equipment and Components-1.01%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 47.5x.
    • 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 32% over the next 5 years.
  • However this is lower than its past earnings growth rate of 165% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 32% 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
SIRM Sirma Group JSC€0.796.2%
+€2.6m		10.5%PE31.3x
ORGT Orgtechnica Ad€2.604.0%
+€25.5k		n/an/a

Latest News

SIRM
€0.79
Sirma Group JSC
7D
6.2%
1Y
10.5%
WISR
€1.71
Wiser Technology AD
7D
-0.6%
1Y
-40.4%
SLYG
€64.30
Shelly Group
7D
-1.1%
1Y
23.7%
TBS
€6.00
Telelink Business Services Group AD
7D
-1.6%
1Y
27.6%
ORGT
€2.60
Orgtechnica Ad
7D
4.0%
1Y
n/a