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Polish (WIG) Tech Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies84
  • 7D3.2%
  • 3M8.2%
  • 1Y60.2%
  • YTD3.2%

The Tech industry is up 3.2% in the last week, with Asseco South Eastern Europe up 16%. Meanwhile, Spyrosoft Spólka Akcyjna actually underperformed within the industry, shrinking 8.0% in the last week. In the last 12 months, the industry was up 60%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026zł44.1bzł63.5bzł1.8b15.5x24.1x0.7x
Tue, 09 Dec 2025zł40.3bzł63.6bzł1.9b12.3x21.1x0.6x
Thu, 06 Nov 2025zł40.8bzł62.5bzł1.8b14.4x22.3x0.7x
Sat, 04 Oct 2025zł43.5bzł62.1bzł1.8b14.7x23.8x0.7x
Mon, 01 Sep 2025zł38.1bzł63.0bzł1.9b16.1x20.6x0.6x
Wed, 30 Jul 2025zł40.9bzł60.5bzł1.7b16.9x24.3x0.7x
Fri, 27 Jun 2025zł39.5bzł60.3bzł1.7b15.6x23.4x0.7x
Sun, 25 May 2025zł35.7bzł60.2bzł1.8b17.6x20.3x0.6x
Tue, 22 Apr 2025zł33.0bzł42.2bzł1.7b14.3x19.6x0.8x
Thu, 20 Mar 2025zł33.5bzł59.9bzł1.6b17.4x20.3x0.6x
Sat, 15 Feb 2025zł33.5bzł61.7bzł1.6b15.3x21.1x0.5x
Mon, 13 Jan 2025zł30.2bzł62.3bzł1.6b14x18.9x0.5x
Wed, 11 Dec 2024zł29.9bzł62.8bzł1.6b14.5x18.7x0.5x
Fri, 08 Nov 2024zł29.4bzł62.5bzł1.6b14.7x17.9x0.5x
Sun, 06 Oct 2024zł29.6bzł63.0bzł1.7b14.8x17.7x0.5x
Tue, 03 Sep 2024zł31.1bzł63.0bzł1.8b16.6x17.7x0.5x
Thu, 01 Aug 2024zł30.9bzł63.3bzł1.7b16.4x17.7x0.5x
Sat, 29 Jun 2024zł31.2bzł63.4bzł1.8b16.1x17.6x0.5x
Mon, 27 May 2024zł31.4bzł63.2bzł1.8b15.6x17x0.5x
Wed, 24 Apr 2024zł30.2bzł61.2bzł1.7b15.3x17.2x0.5x
Fri, 22 Mar 2024zł29.8bzł63.3bzł1.8b18.3x16.4x0.5x
Sun, 18 Feb 2024zł28.6bzł72.5bzł2.4b14.8x12x0.4x
Tue, 16 Jan 2024zł29.4bzł62.6bzł2.0b15.2x15x0.5x
Thu, 14 Dec 2023zł28.8bzł62.6bzł1.9b15.8x14.8x0.5x
Sat, 11 Nov 2023zł28.2bzł63.4bzł2.0b17x14.3x0.4x
Mon, 09 Oct 2023zł27.8bzł63.6bzł2.0b17.5x14.2x0.4x
Wed, 06 Sep 2023zł28.6bzł63.4bzł1.9b18.8x15.2x0.5x
Fri, 04 Aug 2023zł29.5bzł62.2bzł1.9b16.3x15.6x0.5x
Sun, 02 Jul 2023zł28.6bzł62.0bzł1.9b17.3x15.1x0.5x
Tue, 30 May 2023zł28.6bzł61.7bzł1.9b17.7x15.2x0.5x
Thu, 27 Apr 2023zł28.8bzł61.1bzł1.8b18.9x15.6x0.5x
Sat, 25 Mar 2023zł26.7bzł61.2bzł1.9b18.9x14.4x0.4x
Mon, 20 Feb 2023zł27.1bzł61.5bzł1.8b17.5x14.7x0.4x
Wed, 18 Jan 2023zł25.9bzł61.2bzł1.8b15.3x14.1x0.4x
Price to Earnings Ratio

14.1x


Total Market Cap: zł25.9bTotal Earnings: zł1.8bTotal Revenue: zł61.2bTotal 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 24.1x 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 Market0.88%
Tech3.25%
IT6.76%
Electronic Equipment and Components4.42%
Communications2.26%
Software1.87%
Semiconductors1.60%
Tech Hardware-1.83%
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 Europezł77.0015.8%
+zł544.9m		55.9%PE20.9x
ACP Asseco Polandzł234.401.6%
+zł245.5m		149.8%PE26.3x
DAT DataWalkzł139.2425.4%
+zł180.3m		123.9%PS22.1x
ABE ABzł119.008.2%
+zł142.1m		16.1%PE10.9x
ASB ASBISc Enterpriseszł33.763.3%
+zł59.9m		82.9%PE9.3x

Latest News

ASE
zł77.00
Asseco South Eastern Europe
7D
15.8%
1Y
55.9%
SPR
zł552.00
Spyrosoft Spólka Akcyjna
7D
-8.0%
1Y
16.2%
ACP
zł234.40
Asseco Poland
7D
1.6%
1Y
149.8%

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
zł2.66
Wasko
7D
26.7%
1Y
71.6%
DAT
zł139.24
DataWalk
7D
25.4%
1Y
123.9%

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
zł131.80
Vercom
7D
-0.9%
1Y
11.2%

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Dec 20
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PAC
zł1.36
Proacta
7D
-4.2%
1Y
65.5%
SVRS
zł8.65
Silvair
7D
-6.0%
1Y
133.8%

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Dec 04
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TXT
zł40.10
Text
7D
-2.7%
1Y
-28.9%
APT
zł24.85
Apator
7D
8.0%
1Y
47.9%
XPL
zł2.43
Xplus
7D
-4.0%
1Y
37.3%

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Nov 21
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ASB
zł33.76
ASBISc Enterprises
7D
3.3%
1Y
82.9%
S4E
zł43.40
S4E
7D
-9.6%
1Y
85.5%
SKY
zł1.76
Stohid Technology
7D
-4.9%
1Y
53.0%
ABS
zł86.80
Asseco Business Solutions
7D
1.6%
1Y
41.8%
ABE
zł119.00
AB
7D
8.2%
1Y
16.1%