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Polish (WIG) IT Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies26
  • 7D-2.2%
  • 3M-4.8%
  • 1Y36.9%
  • YTD35.5%

Over the last 7 days, the IT industry has dropped 2.2%, driven by a pullback from Sygnity of 8.0%. This takes the industry's 12 month performance to a gain of 37%. 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
Sun, 21 Dec 2025zł8.5bzł6.2bzł390.7m16.9x21.7x1.4x
Tue, 18 Nov 2025zł8.6bzł6.0bzł381.7m18.6x22.6x1.4x
Thu, 16 Oct 2025zł9.1bzł6.1bzł383.4m19.5x23.8x1.5x
Sat, 13 Sep 2025zł9.0bzł6.0bzł383.3m20.4x23.4x1.5x
Mon, 11 Aug 2025zł9.7bzł5.8bzł375.4m19.7x25.9x1.7x
Wed, 09 Jul 2025zł9.9bzł5.8bzł373.2m18.6x26.5x1.7x
Fri, 06 Jun 2025zł9.0bzł5.7bzł340.8m16.9x26.4x1.6x
Sun, 04 May 2025zł7.7bzł5.5bzł339.2m16.5x22.7x1.4x
Tue, 01 Apr 2025zł7.3bzł5.5bzł326.1m17.1x22.4x1.3x
Thu, 27 Feb 2025zł6.7bzł5.5bzł313.6m17.9x21.5x1.2x
Sat, 25 Jan 2025zł8.9bzł7.3bzł371.9m16.6x23.9x1.2x
Mon, 23 Dec 2024zł8.9bzł7.3bzł373.5m16.3x23.9x1.2x
Wed, 20 Nov 2024zł8.7bzł7.3bzł367.1m17.4x23.7x1.2x
Fri, 18 Oct 2024zł8.4bzł7.2bzł386.9m17.7x21.8x1.2x
Sun, 15 Sep 2024zł8.5bzł7.2bzł379.7m20.1x22.4x1.2x
Tue, 13 Aug 2024zł8.5bzł7.6bzł326.3m15.9x26.1x1.1x
Thu, 11 Jul 2024zł8.6bzł7.6bzł333.4m16.8x25.7x1.1x
Sat, 08 Jun 2024zł8.4bzł7.5bzł333.3m15x25.2x1.1x
Mon, 06 May 2024zł8.0bzł7.4bzł424.1m13x18.9x1.1x
Wed, 03 Apr 2024zł8.1bzł7.3bzł419.3m12.6x19.4x1.1x
Fri, 01 Mar 2024zł7.8bzł7.3bzł424.6m12.6x18.3x1.1x
Sun, 28 Jan 2024zł7.8bzł7.3bzł413.2m13.5x18.9x1.1x
Tue, 26 Dec 2023zł7.2bzł7.3bzł413.2m12.7x17.4x1x
Thu, 23 Nov 2023zł6.8bzł7.3bzł422.3m13.2x16x0.9x
Sat, 21 Oct 2023zł5.9bzł7.3bzł395.2m17.3x14.9x0.8x
Mon, 18 Sep 2023zł5.9bzł7.3bzł360.7m17.8x16.5x0.8x
Wed, 16 Aug 2023zł6.2bzł7.1bzł369.0m21.2x16.8x0.9x
Fri, 14 Jul 2023zł6.3bzł7.1bzł407.2m19.4x15.5x0.9x
Sun, 11 Jun 2023zł6.2bzł7.0bzł384.8m16.5x16x0.9x
Tue, 09 May 2023zł6.4bzł6.8bzł392.3m18.6x16.3x0.9x
Thu, 06 Apr 2023zł6.3bzł6.7bzł381.2m19.1x16.6x0.9x
Sat, 04 Mar 2023zł6.4bzł6.6bzł390.7m19.7x16.3x1x
Mon, 30 Jan 2023zł6.1bzł6.5bzł383.9m21.9x15.8x0.9x
Wed, 28 Dec 2022zł5.8bzł6.5bzł383.7m22x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: zł5.8bTotal Earnings: zł383.7mTotal Revenue: zł6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish IT Industry Price to Earnings3Y Average 20.3x202320242025
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 20.3x.
  • 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 Market1.38%
Tech-1.36%
IT-2.19%
Data Processing Services0%0
IT Consulting-2.18%
Internet Services and Infrastructure-5.92%
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 39.7x.
    • 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 20.3x.
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
SWM Software Mansionzł36.803.4%
+zł12.8m		26.9%PE16.9x
PAC Proactazł1.347.2%
+zł10.6m		45.3%PS43.1x
SPR Spyrosoft Spólka Akcyjnazł572.000.7%
+zł4.4m		27.1%PE16x
PAS Passuszł91.402.0%
+zł3.2m		215.2%PE13.4x
MLB MakoLab Spólka Akcyjnazł7.156.7%
+zł3.1m		89.2%PE7.8x

Latest News

PAC
zł1.34
Proacta
7D
7.2%
1Y
45.3%
BTC
zł0.25
BTC Studios
7D
-26.5%
1Y
n/a
MLB
zł7.15
MakoLab Spólka Akcyjna
7D
6.7%
1Y
89.2%

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
SPR
zł572.00
Spyrosoft Spólka Akcyjna
7D
0.7%
1Y
27.1%
SNN
zł1.74
Sunway Network
7D
-7.4%
1Y
20.3%
ASE
zł62.50
Asseco South Eastern Europe
7D
-0.8%
1Y
27.6%

Is Asseco South Eastern Europe (WSE:ASE) A Risky Investment?

Dec 03
Is Asseco South Eastern Europe (WSE:ASE) A Risky Investment?
PAS
zł91.40
Passus
7D
2.0%
1Y
215.2%

We Think Passus' (WSE:PAS) Profit Is Only A Baseline For What They Can Achieve

Nov 28
We Think Passus' (WSE:PAS) Profit Is Only A Baseline For What They Can Achieve
LUK
zł0.37
Lukardi
7D
-13.5%
1Y
-2.1%
SGN
zł90.00
Sygnity
7D
-8.0%
1Y
30.4%

We Think Sygnity's (WSE:SGN) Robust Earnings Are Conservative

Nov 21
We Think Sygnity's (WSE:SGN) Robust Earnings Are Conservative
PRO
zł6.45
A.P.N. Promise
7D
1.6%
1Y
12.2%
ATD
zł2.68
Atende
7D
-5.0%
1Y
10.3%
YOS
zł2.28
Yoshi Innovation
7D
-3.0%
1Y
-2.6%
SWM
zł36.80
Software Mansion
7D
3.4%
1Y
26.9%

Weak Statutory Earnings May Not Tell The Whole Story For Software Mansion (WSE:SWM)

Nov 12
Weak Statutory Earnings May Not Tell The Whole Story For Software Mansion (WSE:SWM)
KBJ
zł23.00
KBJ
7D
-4.6%
1Y
-10.2%
SED
zł8.46
Sedivio
7D
7.1%
1Y
-1.2%
CWA
zł6.34
Consoleway Spolka Akcyjna
7D
5.7%
1Y
136.1%