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Polish (WIG) Tech Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies84
  • 7D1.1%
  • 3M7.6%
  • 1Y60.1%
  • YTD3.6%

In the last week, the Tech industry is up 1.1%, with Asseco South Eastern Europe up 8.4%. In the same time, Spyrosoft Spólka Akcyjna was down 13%. This takes the industry's 12 month performance to a gain of 60%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026zł44.2bzł63.5bzł1.8b15x24.2x0.7x
Sun, 14 Dec 2025zł41.2bzł63.4bzł1.9b12.8x21.6x0.6x
Tue, 11 Nov 2025zł39.6bzł62.3bzł1.8b13.7x21.6x0.6x
Thu, 09 Oct 2025zł42.5bzł62.4bzł1.8b14.7x23.2x0.7x
Sat, 06 Sep 2025zł39.8bzł61.9bzł1.9b15.6x21.1x0.6x
Mon, 04 Aug 2025zł40.1bzł60.5bzł1.7b15.2x23.8x0.7x
Wed, 02 Jul 2025zł40.1bzł60.2bzł1.7b16x23.8x0.7x
Fri, 30 May 2025zł37.5bzł60.5bzł1.7b16.1x22x0.6x
Sun, 27 Apr 2025zł34.0bzł42.3bzł1.7b14.6x20.3x0.8x
Tue, 25 Mar 2025zł34.2bzł60.0bzł1.7b17.1x20.7x0.6x
Thu, 20 Feb 2025zł34.3bzł61.7bzł1.6b15x21.6x0.6x
Sat, 18 Jan 2025zł30.3bzł62.2bzł1.6b13.9x19x0.5x
Mon, 16 Dec 2024zł29.8bzł62.8bzł1.6b13.6x18.6x0.5x
Wed, 13 Nov 2024zł29.4bzł62.6bzł1.6b15x18.5x0.5x
Fri, 11 Oct 2024zł29.7bzł63.0bzł1.7b14.2x17.8x0.5x
Sun, 08 Sep 2024zł30.9bzł63.1bzł1.7b15.3x18.1x0.5x
Tue, 06 Aug 2024zł29.1bzł63.2bzł1.7b16.3x16.7x0.5x
Thu, 04 Jul 2024zł31.2bzł63.2bzł1.8b16.1x17.6x0.5x
Sat, 01 Jun 2024zł30.8bzł63.2bzł1.9b15.1x16.5x0.5x
Mon, 29 Apr 2024zł30.1bzł61.3bzł1.8b15.6x17.2x0.5x
Wed, 27 Mar 2024zł29.7bzł63.4bzł1.8b16.3x16.3x0.5x
Fri, 23 Feb 2024zł28.9bzł62.9bzł1.9b15.6x14.9x0.5x
Sun, 21 Jan 2024zł29.1bzł62.7bzł2.0b15x14.9x0.5x
Tue, 19 Dec 2023zł28.9bzł62.5bzł1.9b15.5x14.9x0.5x
Thu, 16 Nov 2023zł28.6bzł63.1bzł2.0b17.1x14.5x0.5x
Sat, 14 Oct 2023zł27.8bzł63.6bzł2.0b17x14.2x0.4x
Mon, 11 Sep 2023zł28.8bzł63.8bzł1.9b16.3x15.1x0.5x
Wed, 09 Aug 2023zł28.9bzł62.2bzł1.9b16.4x15.3x0.5x
Fri, 07 Jul 2023zł28.8bzł62.3bzł1.9b16.8x15x0.5x
Sun, 04 Jun 2023zł28.6bzł64.6bzł2.6b15.8x11.1x0.4x
Tue, 02 May 2023zł28.9bzł61.2bzł1.9b18.6x15.6x0.5x
Thu, 30 Mar 2023zł27.0bzł61.2bzł1.8b18.8x14.6x0.4x
Sat, 25 Feb 2023zł27.1bzł60.8bzł1.8b17.5x14.7x0.4x
Mon, 23 Jan 2023zł25.6bzł61.1bzł1.8b15.6x14x0.4x
Price to Earnings Ratio

14x


Total Market Cap: zł25.6bTotal Earnings: zł1.8bTotal Revenue: zł61.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Tech Sector Price to Earnings3Y Average 17.9x202420252026
Current Industry PE
  • Investors are optimistic on the Polish Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.2x which is higher than its 3-year average PE of 17.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

PL Market-1.18%
Tech1.14%
Communications5.93%
Electronic Equipment and Components2.59%
Semiconductors2.56%
IT1.78%
Software0.57%
Tech Hardware-1.47%
Industry PE
  • Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 42.7x.
    • 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 28% over the next 5 years.
  • This is better than its past earnings decline of 0.4% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 14% 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
ASE Asseco South Eastern Europezł74.806.6%
+zł238.7m		53.3%PE20.3x
VRC Vercomzł140.005.6%
+zł162.5m		20.7%PE35.2x
DAT DataWalkzł144.0013.8%
+zł111.7m		136.5%PS22.9x
ASB ASBISc Enterpriseszł34.164.1%
+zł75.5m		88.6%PE9.4x
SCW Scanwayzł223.0025.6%
+zł58.7m		364.6%n/a

Latest News

SVRS
zł8.20
Silvair
7D
-7.9%
1Y
126.5%

Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital

Jan 13
Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital
ASE
zł74.80
Asseco South Eastern Europe
7D
6.6%
1Y
53.3%
SPR
zł506.00
Spyrosoft Spólka Akcyjna
7D
-12.5%
1Y
5.2%
INL
zł8.46
Introl
7D
-5.2%
1Y
-7.0%
ACP
zł225.00
Asseco Poland
7D
-3.5%
1Y
133.0%

ACP: Stable Assumptions And High Multiple Will Likely Sustain Overvaluation

Analysts have made a small downward adjustment to their price target for Asseco Poland, now set at approximately zł142.82. This reflects slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E.
WAS
zł2.93
Wasko
7D
11.8%
1Y
95.3%
PAS
zł139.00
Passus
7D
11.2%
1Y
331.7%

Passus S.A. (WSE:PAS) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable

Jan 03
Passus S.A. (WSE:PAS) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable
DAT
zł144.00
DataWalk
7D
13.8%
1Y
136.5%

Investors Appear Satisfied With DataWalk S.A.'s (WSE:DAT) Prospects As Shares Rocket 37%

Dec 25
Investors Appear Satisfied With DataWalk S.A.'s (WSE:DAT) Prospects As Shares Rocket 37%
VRC
zł140.00
Vercom
7D
5.6%
1Y
20.7%

We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger

Dec 20
We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger
PAC
zł1.17
Proacta
7D
-10.3%
1Y
50.0%
ACT
zł32.60
Action
7D
-1.8%
1Y
55.2%

Action's (WSE:ACT) Profits Appear To Have Quality Issues

Dec 06
Action's (WSE:ACT) Profits Appear To Have Quality Issues
TXT
zł42.24
Text
7D
5.6%
1Y
-21.3%
XTP
zł73.20
XTPL
7D
-5.8%
1Y
-39.3%
SGN
zł87.20
Sygnity
7D
-6.6%
1Y
32.1%

We Think Sygnity's (WSE:SGN) Robust Earnings Are Conservative

Nov 21
We Think Sygnity's (WSE:SGN) Robust Earnings Are Conservative
ASB
zł34.16
ASBISc Enterprises
7D
4.1%
1Y
88.6%
SCW
zł223.00
Scanway
7D
25.6%
1Y
364.6%