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Polish (WIG) IT Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies25
  • 7D-7.7%
  • 3M-5.0%
  • 1Y32.2%
  • YTD-5.6%

Over the last 7 days, the IT industry has dropped 7.7%, driven by a pullback from Asseco South Eastern Europe of 12%. Meanwhile, MakoLab Spólka Akcyjna actually outperformed within the industry, gaining 5.8% in the last week. This takes the industry's 12 month performance to a gain of 32%. Looking forward, 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
Sun, 08 Feb 2026zł8.1bzł6.2bzł393.6m19.1x20.6x1.3x
Tue, 06 Jan 2026zł8.9bzł6.2bzł388.6m18.5x23x1.4x
Thu, 04 Dec 2025zł8.5bzł6.2bzł391.1m17x21.8x1.4x
Sat, 01 Nov 2025zł8.9bzł6.1bzł384.5m19.6x23x1.5x
Mon, 29 Sep 2025zł9.0bzł6.0bzł382.3m21.2x23.5x1.5x
Wed, 27 Aug 2025zł9.4bzł6.0bzł359.5m20.4x26.1x1.6x
Fri, 25 Jul 2025zł9.9bzł5.8bzł373.2m19.5x26.4x1.7x
Sun, 22 Jun 2025zł9.3bzł5.8bzł372.9m17.3x25x1.6x
Tue, 20 May 2025zł8.4bzł5.7bzł407.0m17.6x20.6x1.5x
Thu, 17 Apr 2025zł7.4bzł5.5bzł331.1m15.4x22.3x1.3x
Sat, 15 Mar 2025zł6.8bzł5.4bzł330.8m18.1x20.5x1.2x
Mon, 10 Feb 2025zł9.0bzł7.3bzł371.9m17.1x24.1x1.2x
Wed, 08 Jan 2025zł9.0bzł7.3bzł373.5m16.4x24x1.2x
Fri, 06 Dec 2024zł9.0bzł7.3bzł374.1m16.5x23.9x1.2x
Sun, 03 Nov 2024zł8.7bzł7.2bzł378.3m17.6x22.9x1.2x
Tue, 01 Oct 2024zł8.5bzł7.2bzł386.4m18.3x22x1.2x
Thu, 29 Aug 2024zł8.8bzł7.5bzł422.3m17.7x20.8x1.2x
Sat, 27 Jul 2024zł8.7bzł7.6bzł333.4m16.6x26.1x1.2x
Mon, 24 Jun 2024zł8.5bzł7.6bzł329.8m16.8x25.7x1.1x
Wed, 22 May 2024zł8.3bzł7.4bzł435.8m15.6x18.9x1.1x
Fri, 19 Apr 2024zł8.1bzł7.3bzł420.1m12.8x19.2x1.1x
Sun, 17 Mar 2024zł8.1bzł7.3bzł408.1m13.1x19.7x1.1x
Tue, 13 Feb 2024zł7.9bzł7.1bzł408.4m13.4x19.4x1.1x
Thu, 11 Jan 2024zł7.6bzł7.3bzł413.2m13.2x18.3x1x
Sat, 09 Dec 2023zł6.8bzł7.2bzł413.1m12.5x16.6x0.9x
Mon, 06 Nov 2023zł6.4bzł7.3bzł407.8m18.4x15.6x0.9x
Wed, 04 Oct 2023zł5.9bzł7.3bzł395.2m17.6x14.8x0.8x
Fri, 01 Sep 2023zł6.0bzł7.2bzł375.4m16.3x16.1x0.8x
Sun, 30 Jul 2023zł6.4bzł7.1bzł405.5m20.3x15.7x0.9x
Tue, 27 Jun 2023zł6.1bzł7.0bzł377.7m18.3x16.2x0.9x
Thu, 25 May 2023zł6.3bzł6.9bzł389.1m19.3x16.1x0.9x
Sat, 22 Apr 2023zł6.5bzł6.7bzł381.2m18x17.1x1x
Mon, 20 Mar 2023zł6.0bzł6.7bzł377.8m20.6x15.9x0.9x
Wed, 15 Feb 2023zł6.2bzł6.6bzł388.4m19.7x15.9x0.9x
Price to Earnings Ratio

15.9x


Total Market Cap: zł6.2bTotal Earnings: zł388.4mTotal Revenue: zł6.6bTotal 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 1.3x.
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 Market0.54%
Tech-7.14%
IT-7.66%
Data Processing Services0%0
IT Consulting-7.63%
Internet Services and Infrastructure-16.85%
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 47.7x.
    • 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 20.6x.
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
MLB MakoLab Spólka Akcyjnazł7.355.8%
+zł2.8m		95.5%PE8.1x
YOS Yoshi Innovationzł2.374.4%
+zł2.5m		-18.6%PS126.9x
KBJ KBJzł23.105.0%
+zł2.3m		5.0%PE6x
SEV Sevenetzł3.845.2%
+zł1.9m		93.9%PE19.1x
PRO A.P.N. Promisezł7.252.1%
+zł1.7m		29.5%PE8.6x

Latest News

ASE
zł66.20
Asseco South Eastern Europe
7D
-11.6%
1Y
35.9%

A Look At The Fair Value Of Asseco South Eastern Europe S.A. (WSE:ASE)

Feb 07
A Look At The Fair Value Of Asseco South Eastern Europe S.A. (WSE:ASE)
VRF
zł0.19
VR Factory Games
7D
8.4%
1Y
-34.4%
CMP
zł57.00
Comp
7D
-5.0%
1Y
87.5%
PAS
zł134.00
Passus
7D
-3.2%
1Y
306.1%

With EPS Growth And More, Passus (WSE:PAS) Makes An Interesting Case

Feb 06
With EPS Growth And More, Passus (WSE:PAS) Makes An Interesting Case
TLX
zł17.40
Talex
7D
-9.8%
1Y
-21.6%

Getting In Cheap On Talex S.A. (WSE:TLX) Is Unlikely

Feb 06
Getting In Cheap On Talex S.A. (WSE:TLX) Is Unlikely
P2B
zł0.074
Planet B2B
7D
-16.9%
1Y
72.1%

Planet B2B S.A.'s (WSE:P2B) Shares May Have Run Too Fast Too Soon

Jan 31
Planet B2B S.A.'s (WSE:P2B) Shares May Have Run Too Fast Too Soon
SEV
zł3.84
Sevenet
7D
5.2%
1Y
93.9%
SGN
zł74.00
Sygnity
7D
-5.6%
1Y
12.1%
SWM
zł34.60
Software Mansion
7D
-8.5%
1Y
19.3%

Pinning Down Software Mansion S.A.'s (WSE:SWM) P/E Is Difficult Right Now

Jan 13
Pinning Down Software Mansion S.A.'s (WSE:SWM) P/E Is Difficult Right Now
SPR
zł508.00
Spyrosoft Spólka Akcyjna
7D
-2.3%
1Y
6.9%
PRO
zł7.25
A.P.N. Promise
7D
2.1%
1Y
29.5%
MLB
zł7.35
MakoLab Spólka Akcyjna
7D
5.8%
1Y
95.5%

Investors Still Aren't Entirely Convinced By MakoLab Spólka Akcyjna's (WSE:MLB) Earnings Despite 29% Price Jump

Dec 18
Investors Still Aren't Entirely Convinced By MakoLab Spólka Akcyjna's (WSE:MLB) Earnings Despite 29% Price Jump
SNN
zł2.15
Sunway Network
7D
2.4%
1Y
38.2%
SBE
zł0.18
SoftBlue
7D
3.7%
1Y
-38.1%
YOS
zł2.37
Yoshi Innovation
7D
4.4%
1Y
-18.6%
KBJ
zł23.10
KBJ
7D
5.0%
1Y
5.0%