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Polish (WIG) IT Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies25
  • 7D-3.1%
  • 3M-2.2%
  • 1Y42.3%
  • YTD0.8%

Over the last 7 days, the IT industry has dropped 2.9%, driven by Asseco South Eastern Europe declining 5.3%. On the other hand Spyrosoft Spólka Akcyjna is actually up 8.7%. In the past year, the industry has gained 42%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Polish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026zł8.7bzł6.2bzł393.6m18.9x22x1.4x
Wed, 24 Dec 2025zł8.4bzł6.2bzł390.7m17x21.6x1.4x
Fri, 21 Nov 2025zł8.6bzł6.1bzł377.6m17.8x22.7x1.4x
Sun, 19 Oct 2025zł9.0bzł6.1bzł383.4m19.7x23.6x1.5x
Tue, 16 Sep 2025zł9.1bzł6.0bzł383.3m20.5x23.7x1.5x
Thu, 14 Aug 2025zł9.6bzł5.8bzł375.4m18.7x25.6x1.6x
Sat, 12 Jul 2025zł9.8bzł5.8bzł373.2m19.5x26.3x1.7x
Mon, 09 Jun 2025zł8.9bzł5.7bzł340.8m17.1x26.2x1.6x
Wed, 07 May 2025zł7.8bzł5.5bzł339.2m17.3x23.1x1.4x
Fri, 04 Apr 2025zł7.3bzł5.5bzł326.1m17.2x22.5x1.3x
Sun, 02 Mar 2025zł6.7bzł5.5bzł326.0m17.8x20.6x1.2x
Tue, 28 Jan 2025zł8.9bzł7.3bzł371.9m16.6x23.9x1.2x
Thu, 26 Dec 2024zł8.9bzł7.3bzł373.5m15.1x24x1.2x
Sat, 23 Nov 2024zł8.7bzł7.3bzł380.3m17.3x23x1.2x
Mon, 21 Oct 2024zł8.5bzł7.2bzł386.9m18x22x1.2x
Wed, 18 Sep 2024zł8.4bzł7.2bzł379.7m20.6x22x1.2x
Fri, 16 Aug 2024zł8.6bzł7.6bzł322.7m16.4x26.8x1.1x
Sun, 14 Jul 2024zł8.6bzł7.6bzł333.4m16.8x25.8x1.1x
Tue, 11 Jun 2024zł8.4bzł7.5bzł333.3m14.7x25.2x1.1x
Thu, 09 May 2024zł8.0bzł7.4bzł420.0m14.9x19.1x1.1x
Sat, 06 Apr 2024zł8.1bzł7.3bzł419.3m12.6x19.4x1.1x
Mon, 04 Mar 2024zł7.7bzł7.3bzł412.2m12.5x18.8x1.1x
Wed, 31 Jan 2024zł7.7bzł7.3bzł413.2m13.5x18.7x1.1x
Fri, 29 Dec 2023zł7.4bzł7.3bzł413.2m12.9x18x1x
Sun, 26 Nov 2023zł6.8bzł7.2bzł416.0m12.8x16.4x0.9x
Tue, 24 Oct 2023zł6.1bzł7.3bzł395.2m17.3x15.5x0.8x
Thu, 21 Sep 2023zł5.9bzł7.3bzł399.1m17.3x14.9x0.8x
Sat, 19 Aug 2023zł6.0bzł7.2bzł372.9m18.3x16.2x0.8x
Mon, 17 Jul 2023zł6.4bzł7.1bzł407.2m19.9x15.8x0.9x
Wed, 14 Jun 2023zł6.2bzł7.0bzł384.1m17.5x16.1x0.9x
Fri, 12 May 2023zł6.4bzł6.8bzł392.3m18.4x16.2x0.9x
Sun, 09 Apr 2023zł6.4bzł6.7bzł381.2m18.9x16.7x0.9x
Tue, 07 Mar 2023zł6.3bzł6.6bzł392.3m21.1x16.2x1x
Thu, 02 Feb 2023zł6.0bzł6.5bzł383.9m21.9x15.5x0.9x
Price to Earnings Ratio

15.5x


Total Market Cap: zł6.0bTotal Earnings: zł383.9mTotal Revenue: zł6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish IT Industry Price to Earnings3Y Average 20.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Polish IT 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 20.6x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the IT 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 industry?

PL Market1.08%
Tech0.21%
IT-3.09%
Data Processing Services0%0
IT Consulting-3.08%
Internet Services and Infrastructure-4.58%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 45.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 15% 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
ATD Atendezł3.249.5%
+zł10.2m		23.2%PS0.3x
SPR Spyrosoft Spólka Akcyjnazł536.001.5%
+zł8.8m		11.2%PE15x
LUK Lukardizł0.4327.4%
+zł5.4m		-2.7%PS0.9x
TLX Talexzł19.203.8%
+zł2.1m		2.7%PE28.1x
PAS Passuszł143.500.7%
+zł1.8m		376.7%PE21x

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ASE
zł70.10
Asseco South Eastern Europe
7D
-5.5%
1Y
43.1%
SPR
zł536.00
Spyrosoft Spólka Akcyjna
7D
1.5%
1Y
11.2%
PAS
zł143.50
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7D
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1Y
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TLX
zł19.20
Talex
7D
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1Y
2.7%
LUK
zł0.43
Lukardi
7D
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1Y
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P2B
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