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Polish (WIG) Tech Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies85
  • 7D-3.3%
  • 3M-9.2%
  • 1Y10.4%
  • YTD-12.8%

In the last week, the Tech industry is down 3.3% with Asseco Poland down the most at 1.8%. On the other hand Wasko is actually up 9.6%. This takes the industry's 12 month performance to a gain of 10%. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026zł38.1bzł65.4bzł1.9b13.7x19.8x0.6x
Thu, 19 Feb 2026zł40.1bzł63.3bzł1.8b15.9x22.1x0.6x
Sat, 17 Jan 2026zł43.5bzł63.6bzł1.8b16.2x23.8x0.7x
Mon, 15 Dec 2025zł41.2bzł63.4bzł1.9b12.8x21.6x0.6x
Wed, 12 Nov 2025zł39.6bzł62.3bzł1.8b13.7x21.6x0.6x
Fri, 10 Oct 2025zł41.1bzł62.4bzł1.8b14.1x22.6x0.7x
Sun, 07 Sep 2025zł40.4bzł61.9bzł1.9b15.6x21.7x0.7x
Tue, 05 Aug 2025zł40.3bzł60.5bzł1.7b15.5x23.8x0.7x
Thu, 03 Jul 2025zł40.6bzł60.2bzł1.7b16x24.1x0.7x
Sat, 31 May 2025zł37.6bzł60.6bzł1.7b16.2x22x0.6x
Mon, 28 Apr 2025zł34.0bzł42.3bzł1.7b14.6x20.3x0.8x
Wed, 26 Mar 2025zł34.4bzł60.0bzł1.7b16.7x20.8x0.6x
Fri, 21 Feb 2025zł34.3bzł61.7bzł1.6b17.2x21.6x0.6x
Sun, 19 Jan 2025zł30.3bzł62.2bzł1.6b13.9x19x0.5x
Tue, 17 Dec 2024zł29.6bzł62.7bzł1.6b13.8x18.6x0.5x
Thu, 14 Nov 2024zł29.4bzł62.7bzł1.6b15.2x18.5x0.5x
Sat, 12 Oct 2024zł29.8bzł63.0bzł1.7b14.2x17.8x0.5x
Mon, 09 Sep 2024zł30.9bzł63.1bzł1.7b15.3x18.1x0.5x
Wed, 07 Aug 2024zł29.2bzł63.2bzł1.7b16.3x16.7x0.5x
Fri, 05 Jul 2024zł31.3bzł63.1bzł1.7b16.3x17.9x0.5x
Sun, 02 Jun 2024zł30.8bzł63.2bzł1.9b15.1x16.5x0.5x
Tue, 30 Apr 2024zł30.2bzł61.3bzł1.8b15.3x17.3x0.5x
Thu, 28 Mar 2024zł29.8bzł63.4bzł1.8b16.1x16.3x0.5x
Sat, 24 Feb 2024zł28.8bzł62.8bzł1.9b15.3x14.9x0.5x
Mon, 22 Jan 2024zł29.1bzł62.7bzł2.0b15x14.9x0.5x
Wed, 20 Dec 2023zł29.2bzł62.4bzł1.9b15.4x15x0.5x
Fri, 17 Nov 2023zł28.6bzł63.2bzł2.0b14.8x14.4x0.5x
Sun, 15 Oct 2023zł27.8bzł63.6bzł2.0b17x14.2x0.4x
Tue, 12 Sep 2023zł28.7bzł63.8bzł1.9b18.1x15.1x0.4x
Thu, 10 Aug 2023zł28.9bzł62.2bzł1.9b16.4x15.3x0.5x
Sat, 08 Jul 2023zł29.0bzł62.1bzł1.9b16.4x15.2x0.5x
Mon, 05 Jun 2023zł28.6bzł64.6bzł2.6b15.8x11.1x0.4x
Wed, 03 May 2023zł28.9bzł61.2bzł1.9b18.7x15.6x0.5x
Fri, 31 Mar 2023zł27.1bzł61.1bzł1.8b18.2x14.7x0.4x
Price to Earnings Ratio

14.7x


Total Market Cap: zł27.1bTotal Earnings: zł1.8bTotal Revenue: zł61.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Tech Sector Price to Earnings3Y Average 18.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Polish 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 18.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

PL Market-0.70%
Tech-3.31%
Tech Hardware0.55%
Electronic Equipment and Components-1.37%
Communications-3.31%
Software-3.59%
IT-4.31%
Semiconductors-6.54%
Industry PE
  • Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 43.1x.
    • 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 22% over the next 5 years.
  • This is better than its past earnings growth rate of 1.6% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 12% 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
WAS Waskozł7.309.6%
+zł58.4m		269.6%PE13.1x
TXT Textzł37.343.5%
+zł32.4m		-32.6%PE7.7x
KBJ KBJzł20.6025.6%
+zł8.6m		-20.8%PS0.4x
ETL Eurotelzł27.606.2%
+zł6.0m		36.6%PE7.5x
SKY Stohid Technologyzł1.593.2%
+zł3.9m		22.3%n/a

Latest News

ACP
zł166.00
Asseco Poland
7D
-1.8%
1Y
5.5%

ACP: Heightened Execution Risks Will Restrain Future Upside Potential

Analysts have reset their PLN fair value estimate for Asseco Poland to PLN 131.00, reflecting a slightly higher implied discount rate and modest tweaks to revenue growth, profit margin and future P/E assumptions after more cautious research commentary, including a recent downgrade. Analyst Commentary Bearish analysts have turned more cautious on Asseco Poland, with recent research pointing to a less supportive backdrop for the shares and helping reset the PLN 131.00 fair value estimate on more conservative assumptions.
TXT
zł37.34
Text
7D
3.5%
1Y
-32.6%

TXT: Higher Required Returns Will Still Support Constructive Long Term Outlook

The analyst price target has shifted from PLN 56.50 to PLN 45.00. This reflects updated assumptions on revenue growth, profit margins and future P/E that analysts believe better align with the company’s current outlook.
KBJ
zł20.60
KBJ
7D
25.6%
1Y
-20.8%
ABS
zł77.60
Asseco Business Solutions
7D
-4.9%
1Y
11.8%
WAS
zł7.30
Wasko
7D
9.6%
1Y
269.6%
IFI
zł29.90
Ifirma
7D
1.9%
1Y
17.3%
PAS
zł127.50
Passus
7D
0.8%
1Y
284.0%
SHO
zł39.00
Shoper
7D
-6.0%
1Y
-12.9%
ASE
zł60.70
Asseco South Eastern Europe
7D
-5.5%
1Y
5.7%
CMP
zł54.00
Comp
7D
-5.6%
1Y
42.9%
DAT
zł147.00
DataWalk
7D
-8.6%
1Y
145.0%
VRC
zł117.00
Vercom
7D
-6.1%
1Y
-1.3%

Getting In Cheap On Vercom S.A. (WSE:VRC) Might Be Difficult

Feb 11
Getting In Cheap On Vercom S.A. (WSE:VRC) Might Be Difficult
MXC
zł5.38
Maxcom
7D
11.9%
1Y
-33.7%

The Market Doesn't Like What It Sees From Maxcom S.A.'s (WSE:MXC) Revenues Yet

Jan 17
The Market Doesn't Like What It Sees From Maxcom S.A.'s (WSE:MXC) Revenues Yet
ETL
zł27.60
Eurotel
7D
6.2%
1Y
36.6%
SKY
zł1.59
Stohid Technology
7D
3.2%
1Y
22.3%