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Polish (WIG) Tech Sector Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies85
  • 7D1.7%
  • 3M-5.8%
  • 1Y22.4%
  • YTD-9.1%

In the last week, the Tech industry is up 3.6%, with Asseco Poland up 3.7%. This takes the industry's 12 month performance to a gain of 24%. 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
Thu, 12 Mar 2026zł39.7bzł65.5bzł1.9b13.6x20.7x0.6x
Sat, 07 Feb 2026zł40.0bzł63.4bzł1.8b15.6x22x0.6x
Mon, 05 Jan 2026zł42.7bzł63.4bzł1.8b14.2x23.4x0.7x
Wed, 03 Dec 2025zł39.4bzł63.0bzł1.9b12.5x21.1x0.6x
Fri, 31 Oct 2025zł41.5bzł62.3bzł1.8b14.9x22.8x0.7x
Sun, 28 Sep 2025zł40.0bzł62.2bzł1.8b14.6x21.9x0.6x
Tue, 26 Aug 2025zł39.6bzł61.5bzł1.7b14.3x23.3x0.6x
Thu, 24 Jul 2025zł40.7bzł60.2bzł1.7b17.3x24.2x0.7x
Sat, 21 Jun 2025zł38.0bzł60.5bzł1.7b15.9x22.6x0.6x
Mon, 19 May 2025zł36.7bzł60.4bzł1.8b17.1x20.8x0.6x
Wed, 16 Apr 2025zł32.8bzł59.5bzł1.7b14.7x19.5x0.6x
Fri, 14 Mar 2025zł32.1bzł59.9bzł1.7b17x19.4x0.5x
Sun, 09 Feb 2025zł32.3bzł62.0bzł1.6b15.9x20.3x0.5x
Tue, 07 Jan 2025zł31.0bzł63.0bzł1.6b14.4x19.4x0.5x
Thu, 05 Dec 2024zł29.7bzł62.8bzł1.6b14.7x18.6x0.5x
Sat, 02 Nov 2024zł29.7bzł63.3bzł1.7b14.9x17.8x0.5x
Mon, 30 Sep 2024zł30.8bzł62.8bzł1.7b15.1x18.4x0.5x
Wed, 28 Aug 2024zł30.8bzł62.9bzł1.7b16.3x17.7x0.5x
Fri, 26 Jul 2024zł30.7bzł63.2bzł1.7b15.4x17.6x0.5x
Sun, 23 Jun 2024zł30.8bzł63.4bzł1.8b16.9x17.5x0.5x
Tue, 21 May 2024zł31.4bzł63.3bzł1.8b15.8x17x0.5x
Thu, 18 Apr 2024zł30.1bzł61.2bzł1.8b15.4x17.1x0.5x
Sat, 16 Mar 2024zł29.5bzł63.2bzł1.8b17.4x16.2x0.5x
Mon, 12 Feb 2024zł29.6bzł62.7bzł2.0b15.3x15.1x0.5x
Wed, 10 Jan 2024zł29.4bzł62.5bzł2.0b15.4x15x0.5x
Fri, 08 Dec 2023zł28.6bzł62.6bzł1.9b17.6x14.7x0.5x
Sun, 05 Nov 2023zł28.5bzł63.2bzł2.0b16.9x14.5x0.5x
Tue, 03 Oct 2023zł27.9bzł63.8bzł2.0b17.2x14.3x0.4x
Thu, 31 Aug 2023zł28.4bzł62.9bzł1.9b16.2x15.1x0.5x
Sat, 29 Jul 2023zł29.8bzł61.9bzł1.9b17.3x15.6x0.5x
Mon, 26 Jun 2023zł28.0bzł62.0bzł1.9b17.1x14.9x0.5x
Wed, 24 May 2023zł29.4bzł61.5bzł1.9b20.3x15.6x0.5x
Fri, 21 Apr 2023zł28.5bzł60.8bzł1.8b19x15.5x0.5x
Sun, 19 Mar 2023zł26.7bzł61.3bzł1.9b19.1x14.3x0.4x
Price to Earnings Ratio

14.3x


Total Market Cap: zł26.7bTotal Earnings: zł1.9bTotal Revenue: zł61.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Tech Sector Price to Earnings3Y Average 18.3x202420252026
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 20.7x which is higher than its 3-year average PE of 18.3x.
  • 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 2.2% 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-0.76%
Tech1.74%
Semiconductors4.51%
Software3.53%
Electronic Equipment and Components0.14%
Communications-0.67%
IT-1.82%
Tech Hardware-1.84%
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 13% 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
ACP Asseco Polandzł173.302.6%
+zł300.0m		23.0%PE19.4x
ABS Asseco Business Solutionszł77.006.1%
+zł145.2m		6.9%PE19.1x
VRC Vercomzł125.004.2%
+zł109.8m		12.1%PE31.4x
WAS Waskozł6.4022.1%
+zł105.8m		236.8%PE11.4x
EUV Euviczł25.0012.6%
+zł98.4m		n/an/a

Latest News

PAS
zł132.50
Passus
7D
-6.7%
1Y
300.3%
ABS
zł77.00
Asseco Business Solutions
7D
6.1%
1Y
6.9%
ACP
zł173.30
Asseco Poland
7D
2.6%
1Y
23.0%

ACP: Cautious Stance On Cash Flow Risks Will Limit Upside Potential

Analysts have left their PLN 131.00 price target for Asseco Poland unchanged, reflecting slightly updated assumptions for discount rate, revenue growth, profit margin and future P/E, while incorporating a more cautious stance highlighted in recent research that includes a downgrade in rating. Analyst Commentary Bearish analysts have turned more cautious on Asseco Poland, pairing the unchanged PLN 131.00 target with a downgrade in rating and more conservative assumptions around growth, profitability and valuation multiples.
SHO
zł42.10
Shoper
7D
-3.2%
1Y
-2.1%
WAS
zł6.40
Wasko
7D
22.1%
1Y
236.8%
ASB
zł43.00
ASBISc Enterprises
7D
2.4%
1Y
82.2%
ABE
zł128.80
AB
7D
-3.2%
1Y
25.0%
ASE
zł65.10
Asseco South Eastern Europe
7D
-2.3%
1Y
26.7%
SWM
zł31.40
Software Mansion
7D
-6.5%
1Y
-3.7%
CMP
zł56.20
Comp
7D
-1.4%
1Y
63.8%
DAT
zł164.54
DataWalk
7D
6.1%
1Y
156.3%
SGN
zł69.80
Sygnity
7D
-2.5%
1Y
-5.7%

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Feb 13
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SCW
zł351.00
Scanway
7D
7.3%
1Y
402.9%
VRC
zł125.00
Vercom
7D
4.2%
1Y
12.1%

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
ACT
zł29.25
Action
7D
-2.7%
1Y
39.6%

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

Dec 06
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