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Polish (WIG) IT Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies26
  • 7D4.3%
  • 3M1.5%
  • 1Y50.5%
  • YTD6.2%

The IT industry is up 2.8% in the last week, with Asseco South Eastern Europe up 12%. In the same time, Spyrosoft Spólka Akcyjna was down 9.6%. This means that the industry has gained 50% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026zł9.3bzł6.2bzł388.6m20x23.9x1.5x
Fri, 12 Dec 2025zł8.5bzł6.2bzł391.2m16x21.9x1.4x
Sun, 09 Nov 2025zł8.7bzł6.1bzł384.0m19.5x22.7x1.4x
Tue, 07 Oct 2025zł9.4bzł6.1bzł383.4m20.3x24.6x1.6x
Thu, 04 Sep 2025zł9.2bzł6.0bzł369.5m20.1x24.8x1.5x
Sat, 02 Aug 2025zł9.7bzł5.8bzł373.2m19.3x26x1.7x
Mon, 30 Jun 2025zł9.8bzł5.8bzł372.9m17x26.3x1.7x
Wed, 28 May 2025zł8.6bzł5.7bzł390.3m18.4x22x1.5x
Fri, 25 Apr 2025zł7.5bzł5.4bzł329.8m15.3x22.8x1.4x
Sun, 23 Mar 2025zł7.1bzł5.4bzł330.8m17.5x21.6x1.3x
Tue, 18 Feb 2025zł9.3bzł7.3bzł371.9m17.8x25x1.3x
Thu, 16 Jan 2025zł8.9bzł7.3bzł371.9m16.6x24x1.2x
Sat, 14 Dec 2024zł9.0bzł7.3bzł374.4m17.1x24x1.2x
Mon, 11 Nov 2024zł8.8bzł7.3bzł377.4m17.5x23.4x1.2x
Wed, 09 Oct 2024zł8.5bzł7.2bzł386.9m17.6x21.9x1.2x
Fri, 06 Sep 2024zł8.7bzł7.4bzł427.9m19.7x20.2x1.2x
Sun, 04 Aug 2024zł8.5bzł7.6bzł326.3m16.7x26.1x1.1x
Tue, 02 Jul 2024zł8.7bzł7.6bzł334.0m16.7x26.1x1.2x
Thu, 30 May 2024zł8.3bzł7.4bzł430.6m15.1x19.2x1.1x
Sat, 27 Apr 2024zł8.1bzł7.4bzł422.7m12.8x19.1x1.1x
Mon, 25 Mar 2024zł8.1bzł7.3bzł418.9m12x19.4x1.1x
Wed, 21 Feb 2024zł7.9bzł7.2bzł414.4m13.2x19x1.1x
Fri, 19 Jan 2024zł7.6bzł7.3bzł413.2m13.1x18.5x1.1x
Sun, 17 Dec 2023zł6.9bzł7.2bzł413.1m12.3x16.7x1x
Tue, 14 Nov 2023zł6.4bzł7.3bzł407.8m17.7x15.7x0.9x
Thu, 12 Oct 2023zł5.9bzł7.3bzł395.2m17.6x14.8x0.8x
Sat, 09 Sep 2023zł5.9bzł7.3bzł361.8m15.9x16.3x0.8x
Mon, 07 Aug 2023zł6.3bzł7.1bzł388.5m20.1x16.2x0.9x
Wed, 05 Jul 2023zł6.2bzł7.1bzł405.7m17.9x15.3x0.9x
Fri, 02 Jun 2023zł6.2bzł6.9bzł390.3m15.5x15.9x0.9x
Sun, 30 Apr 2023zł6.7bzł6.8bzł388.3m21.7x17.3x1x
Tue, 28 Mar 2023zł6.0bzł6.7bzł377.2m20.5x16x0.9x
Thu, 23 Feb 2023zł6.1bzł6.6bzł390.7m19.3x15.7x0.9x
Sat, 21 Jan 2023zł6.2bzł6.5bzł383.9m22.5x16x0.9x
Price to Earnings Ratio

16x


Total Market Cap: zł6.2bTotal Earnings: zł383.9mTotal Revenue: zł6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish IT Industry Price to Earnings3Y Average 20.5x202420252026
Current Industry PE
  • Investors are optimistic on the Polish IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.6x which is higher than its 3-year average PE of 20.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
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 Market0.97%
Tech2.60%
IT4.27%
IT Consulting4.28%
Internet Services and Infrastructure0%0
Data Processing Services0%0
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 43.6x.
    • 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.4x.
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
ASE Asseco South Eastern Europezł76.0011.6%
+zł410.0m		53.8%PE20.6x
SWM Software Mansionzł38.607.8%
+zł29.9m		32.6%PE17.7x
PAS Passuszł138.507.8%
+zł17.9m		313.4%PE20.2x
CMP Compzł59.001.0%
+zł12.3m		109.2%PE20x
SNN Sunway Networkzł2.4023.1%
+zł8.6m		56.0%n/a

Latest News

SWM
zł38.60
Software Mansion
7D
7.8%
1Y
32.6%

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
ASE
zł76.00
Asseco South Eastern Europe
7D
11.6%
1Y
53.8%
SPR
zł526.00
Spyrosoft Spólka Akcyjna
7D
-9.6%
1Y
11.0%
PAS
zł138.50
Passus
7D
7.8%
1Y
313.4%

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Jan 03
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PRO
zł8.20
A.P.N. Promise
7D
3.8%
1Y
39.0%
PAC
zł1.38
Proacta
7D
5.3%
1Y
76.9%
MLB
zł7.95
MakoLab Spólka Akcyjna
7D
-5.4%
1Y
102.8%

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Dec 18
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SNN
zł2.40
Sunway Network
7D
23.1%
1Y
56.0%
CMP
zł59.00
Comp
7D
1.0%
1Y
109.2%

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Dec 01
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TLX
zł19.00
Talex
7D
-2.1%
1Y
1.6%
LUK
zł0.41
Lukardi
7D
-4.2%
1Y
-6.8%
SGN
zł91.40
Sygnity
7D
-2.4%
1Y
41.0%

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Nov 21
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SBE
zł0.18
SoftBlue
7D
-3.3%
1Y
-33.8%
ATD
zł2.97
Atende
7D
8.4%
1Y
16.9%
YOS
zł2.28
Yoshi Innovation
7D
-3.0%
1Y
-12.0%
KBJ
zł22.70
KBJ
7D
-1.3%
1Y
-11.3%