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Bulgarian (SOFIX) Tech Sector Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies8
- 7D-9.0%
- 3M-7.7%
- 1Y27.5%
- YTD-13.0%
Over the last 7 days, the Tech industry has dropped 9.0%, driven by Shelly Group declining 9.9%. On the other hand Biodit AD is actually up 33%. This takes the industry's 12 month performance to a gain of 28%. Earnings are forecast to grow by 32% annually.
Sector Valuation and Performance
Has the Bulgarian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Mar 2026 | лв1.2b | лв403.8m | лв31.5m | 32.1x | 36.6x | 2.9x |
| Tue, 17 Feb 2026 | лв1.4b | лв369.2m | лв39.0m | 42.1x | 36.3x | 3.8x |
| Thu, 15 Jan 2026 | лв1.4b | лв362.5m | лв40.9m | 41.1x | 33.1x | 3.7x |
| Sat, 13 Dec 2025 | лв1.3b | лв580.0m | лв53.0m | 27.7x | 24.9x | 2.3x |
| Mon, 10 Nov 2025 | лв1.2b | лв543.0m | лв31.5m | 40.4x | 39.4x | 2.3x |
| Wed, 08 Oct 2025 | лв1.2b | лв543.0m | лв31.5m | 41.3x | 39.5x | 2.3x |
| Fri, 05 Sep 2025 | лв1.3b | лв546.2m | лв31.8m | 44.6x | 41.7x | 2.4x |
| Sun, 03 Aug 2025 | лв1.2b | лв490.1m | лв27.4m | 37.6x | 43x | 2.4x |
| Tue, 01 Jul 2025 | лв1.2b | лв490.2m | лв27.4m | 37.1x | 42.4x | 2.4x |
| Thu, 29 May 2025 | лв1.1b | лв478.9m | лв34.3m | 34.8x | 32.4x | 2.3x |
| Sat, 26 Apr 2025 | лв881.2m | лв473.4m | лв33.7m | 27.3x | 26.1x | 1.9x |
| Mon, 24 Mar 2025 | лв964.1m | лв474.3m | лв33.8m | 30.1x | 28.5x | 2x |
| Wed, 19 Feb 2025 | лв945.3m | лв408.3m | лв22.9m | 24.3x | 41.3x | 2.3x |
| Fri, 17 Jan 2025 | лв910.4m | лв408.3m | лв22.9m | 23.2x | 39.8x | 2.2x |
| Sun, 15 Dec 2024 | лв886.1m | лв408.4m | лв22.9m | 22.3x | 38.7x | 2.2x |
| Tue, 12 Nov 2024 | лв922.9m | лв391.4m | лв27.4m | 20.7x | 33.6x | 2.4x |
| Thu, 10 Oct 2024 | лв948.3m | лв391.0m | лв27.4m | 21.4x | 34.7x | 2.4x |
| Sat, 07 Sep 2024 | лв879.9m | лв378.0m | лв25.9m | 22.1x | 34x | 2.3x |
| Mon, 05 Aug 2024 | лв904.3m | лв384.2m | лв27.8m | 22.5x | 32.5x | 2.4x |
| Wed, 03 Jul 2024 | лв1.5b | лв461.9m | лв45.7m | 21.7x | 32.7x | 3.2x |
| Fri, 31 May 2024 | лв1.6b | лв446.9m | лв44.1m | 36.6x | 35.4x | 3.5x |
| Sun, 28 Apr 2024 | лв1.4b | лв429.8m | лв40.0m | 24.5x | 36x | 3.4x |
| Tue, 26 Mar 2024 | лв1.4b | лв428.6m | лв40.1m | 24.3x | 35.2x | 3.3x |
| Thu, 22 Feb 2024 | лв1.3b | лв374.6m | лв31.2m | 26.6x | 40.1x | 3.3x |
| Sat, 20 Jan 2024 | лв1.2b | лв374.6m | лв31.2m | 25.4x | 38.4x | 3.2x |
| Mon, 18 Dec 2023 | лв997.4m | лв374.6m | лв31.2m | 21.5x | 31.9x | 2.7x |
| Wed, 15 Nov 2023 | лв955.9m | лв349.9m | лв19.1m | 15.5x | 49.9x | 2.7x |
| Fri, 13 Oct 2023 | лв977.6m | лв349.9m | лв19.1m | 15.7x | 51.1x | 2.8x |
| Sun, 10 Sep 2023 | лв1.0b | лв340.7m | лв15.9m | 16x | 63.7x | 3x |
| Tue, 08 Aug 2023 | лв793.3m | лв344.9m | лв19.9m | 22x | 39.8x | 2.3x |
| Thu, 06 Jul 2023 | лв678.4m | лв343.3m | лв20.0m | 24.9x | 33.9x | 2x |
| Sat, 03 Jun 2023 | лв686.2m | лв341.6m | лв20.1m | 18.4x | 34.1x | 2x |
| Mon, 01 May 2023 | лв589.7m | лв336.4m | лв20.7m | 18.1x | 28.5x | 1.8x |
| Wed, 29 Mar 2023 | лв601.7m | лв337.9m | лв20.7m | 18.3x | 29x | 1.8x |
Price to Earnings Ratio
29x
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 36.6x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 6.1% 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 | -1.92% | |
| Tech | -9.04% | |
| Tech Hardware | 0% | 0 |
| IT | -7.65% | |
| Software | -8.70% | |
| Electronic Equipment and Components | -9.22% | |
Industry PE
- Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 13.8x.
- 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 Electronic Equipment and Components industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the IT industry is expected to see its earnings grow by 26% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BDT Biodit AD | €0.15 | 32.7% +€548.3k | -37.6% | PS14.5x |