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Polish (WIG) Tech Sector Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies83
  • 7D1.7%
  • 3M8.4%
  • 1Y40.8%
  • YTD40.9%

Over the last 7 days, the Tech industry has risen 1.7%, driven by gains from Asseco Poland of 5.4%. This means that the industry has gained 41% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025zł39.3bzł61.4bzł1.7b13.3x23.2x0.6x
Tue, 22 Jul 2025zł41.6bzł60.3bzł1.6b16.8x25.3x0.7x
Thu, 19 Jun 2025zł37.4bzł60.6bzł1.7b16.4x22.2x0.6x
Sat, 17 May 2025zł36.7bzł60.3bzł1.7b16.2x21.4x0.6x
Mon, 14 Apr 2025zł31.9bzł59.4bzł1.7b14.1x19x0.5x
Wed, 12 Mar 2025zł31.7bzł59.9bzł1.7b17.3x19.1x0.5x
Fri, 07 Feb 2025zł32.4bzł61.9bzł1.6b14.5x20.4x0.5x
Sun, 05 Jan 2025zł31.0bzł63.0bzł1.6b14.4x19.4x0.5x
Tue, 03 Dec 2024zł29.7bzł62.9bzł1.6b14.3x18.3x0.5x
Thu, 31 Oct 2024zł29.6bzł63.3bzł1.7b14.9x17.8x0.5x
Sat, 28 Sep 2024zł30.8bzł62.8bzł1.7b15.1x18.4x0.5x
Mon, 26 Aug 2024zł30.7bzł62.6bzł1.7b15.6x17.8x0.5x
Wed, 24 Jul 2024zł31.1bzł63.2bzł1.7b15.4x17.8x0.5x
Fri, 21 Jun 2024zł30.8bzł63.4bzł1.8b17.7x17.4x0.5x
Sun, 19 May 2024zł31.3bzł63.3bzł1.8b15.1x17x0.5x
Tue, 16 Apr 2024zł30.5bzł61.2bzł1.8b15.8x17.4x0.5x
Thu, 14 Mar 2024zł29.4bzł63.1bzł1.8b18.5x16.2x0.5x
Sat, 10 Feb 2024zł29.6bzł62.7bzł2.0b15.3x15.1x0.5x
Mon, 08 Jan 2024zł29.3bzł62.6bzł2.0b15.5x15x0.5x
Wed, 06 Dec 2023zł28.6bzł62.6bzł1.9b17.6x14.8x0.5x
Fri, 03 Nov 2023zł28.4bzł63.2bzł2.0b17x14.4x0.4x
Sun, 01 Oct 2023zł27.9bzł63.8bzł2.0b17.3x14.3x0.4x
Tue, 29 Aug 2023zł28.4bzł63.0bzł1.9b16.4x15x0.5x
Thu, 27 Jul 2023zł29.6bzł61.9bzł1.9b17.2x15.5x0.5x
Sat, 24 Jun 2023zł28.0bzł62.0bzł1.9b17.1x14.9x0.5x
Mon, 22 May 2023zł29.1bzł61.5bzł1.9b20x15.5x0.5x
Wed, 19 Apr 2023zł28.4bzł60.9bzł1.8b19.3x15.4x0.5x
Fri, 17 Mar 2023zł26.7bzł61.4bzł1.9b19.2x14.3x0.4x
Sun, 12 Feb 2023zł27.0bzł61.5bzł1.8b15.1x14.6x0.4x
Tue, 10 Jan 2023zł25.7bzł61.2bzł1.8b16x14x0.4x
Thu, 08 Dec 2022zł24.9bzł61.5bzł1.9b15.8x13.3x0.4x
Sat, 05 Nov 2022zł23.9bzł59.9bzł1.9b12.4x12.8x0.4x
Mon, 03 Oct 2022zł22.9bzł60.4bzł1.9b12.1x12.3x0.4x
Wed, 31 Aug 2022zł23.7bzł58.1bzł2.0b13.3x12x0.4x
Price to Earnings Ratio

12x


Total Market Cap: zł23.7bTotal Earnings: zł2.0bTotal Revenue: zł58.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Tech Sector Price to Earnings3Y Average 16.7x202320242025
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 23.2x which is higher than its 3-year average PE of 16.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 5.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

PL Market-1.84%
Tech1.73%
Software2.60%
IT1.28%
Semiconductors0.72%
Communications-0.75%
Electronic Equipment and Components-0.75%
Tech Hardware-1.70%
Industry PE
  • Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 42.5x.
    • 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 Electronic Equipment and Components industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 13% 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
ACP Asseco Polandzł194.505.4%
+zł675.1m		118.2%PE25x
ASE Asseco South Eastern Europezł72.302.1%
+zł77.8m		47.6%PE19.7x
SHO Shoperzł49.605.3%
+zł70.3m		12.2%PE35.2x
SGN Sygnityzł110.001.9%
+zł45.4m		88.4%PE39.2x
DAT DataWalkzł100.204.4%
+zł23.7m		130.3%PS17.8x

Latest News

VGO
zł476.00
VIGO Photonics
7D
5.8%
1Y
-9.8%
SWM
zł50.00
Software Mansion
7D
-3.8%
1Y
42.9%
S4E
zł37.00
S4E
7D
-14.0%
1Y
27.6%
SGN
zł110.00
Sygnity
7D
1.9%
1Y
88.4%
SPR
zł584.00
Spyrosoft Spólka Akcyjna
7D
2.5%
1Y
40.7%
VRC
zł116.80
Vercom
7D
-3.8%
1Y
4.3%
ABE
zł94.10
AB
7D
-2.0%
1Y
1.4%
DAT
zł100.20
DataWalk
7D
4.4%
1Y
130.3%
SUN
zł1.57
Suntech
7D
-17.8%
1Y
-62.8%

Market Cool On Suntech S.A.'s (WSE:SUN) Revenues Pushing Shares 31% Lower

Aug 20
Market Cool On Suntech S.A.'s (WSE:SUN) Revenues Pushing Shares 31% Lower
ACP
zł194.50
Asseco Poland
7D
5.4%
1Y
118.2%

Overvaluation Risk Will Remain As European And US Markets Expand

The notable increase in Asseco Poland’s consensus price target primarily reflects a substantial upward revision in its future P/E multiple despite unchanged revenue growth forecasts, with fair value raised from PLN105.46 to PLN123.22. What's in the News Asseco Poland has completed the share buyback program announced in June 2023, repurchasing 14,808,872 shares (17.84%) for PLN 1,184.71 million, with no additional shares repurchased in subsequent tranches.
ASB
zł27.76
ASBISc Enterprises
7D
-2.2%
1Y
33.2%
ABS
zł84.20
Asseco Business Solutions
7D
-2.5%
1Y
40.8%
ASE
zł72.30
Asseco South Eastern Europe
7D
2.1%
1Y
47.6%
SHO
zł49.60
Shoper
7D
5.3%
1Y
12.2%
XTP
zł87.40
XTPL
7D
7.2%
1Y
-12.6%
ACT
zł26.10
Action
7D
-1.7%
1Y
36.5%