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Polish (WIG) IT Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies26
  • 7D6.8%
  • 3M3.2%
  • 1Y50.6%
  • YTD6.8%

In the last week, the IT industry is up 6.8%, with Asseco South Eastern Europe up 16%. During this same period, the Spyrosoft Spólka Akcyjna underperformed, falling 8.0%. This takes the industry's 12 month performance to a gain of 51%. 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, 11 Jan 2026zł9.4bzł6.2bzł388.6m18.6x24.1x1.5x
Tue, 09 Dec 2025zł8.6bzł6.2bzł391.1m17x22.1x1.4x
Thu, 06 Nov 2025zł8.9bzł6.1bzł384.6m19.2x23x1.5x
Sat, 04 Oct 2025zł9.4bzł6.1bzł383.4m20.8x24.6x1.6x
Mon, 01 Sep 2025zł9.0bzł6.0bzł369.5m19.9x24.4x1.5x
Wed, 30 Jul 2025zł9.8bzł5.8bzł373.2m19x26.4x1.7x
Fri, 27 Jun 2025zł9.6bzł5.8bzł372.9m17.1x25.8x1.7x
Sun, 25 May 2025zł8.4bzł5.7bzł390.3m17.9x21.6x1.5x
Tue, 22 Apr 2025zł7.4bzł5.4bzł329.8m15.5x22.4x1.4x
Thu, 20 Mar 2025zł7.0bzł5.4bzł330.8m18.1x21.2x1.3x
Sat, 15 Feb 2025zł9.2bzł7.3bzł371.9m18.1x24.8x1.3x
Mon, 13 Jan 2025zł8.9bzł7.3bzł371.9m17x24x1.2x
Wed, 11 Dec 2024zł9.0bzł7.3bzł374.1m17.1x24x1.2x
Fri, 08 Nov 2024zł8.9bzł7.3bzł377.4m17.3x23.5x1.2x
Sun, 06 Oct 2024zł8.3bzł7.2bzł386.9m17.5x21.5x1.2x
Tue, 03 Sep 2024zł8.7bzł7.4bzł427.9m19.9x20.4x1.2x
Thu, 01 Aug 2024zł8.7bzł7.6bzł333.4m16.4x26.2x1.2x
Sat, 29 Jun 2024zł8.7bzł7.6bzł334.0m16.7x26x1.1x
Mon, 27 May 2024zł8.4bzł7.4bzł434.1m15.1x19.3x1.1x
Wed, 24 Apr 2024zł8.1bzł7.4bzł420.8m13x19.4x1.1x
Fri, 22 Mar 2024zł8.3bzł7.3bzł408.1m12.8x20.3x1.1x
Sun, 18 Feb 2024zł7.8bzł16.7bzł861.8m13.1x9.1x0.5x
Tue, 16 Jan 2024zł7.6bzł7.3bzł413.2m13.4x18.5x1.1x
Thu, 14 Dec 2023zł7.0bzł7.2bzł413.1m12.9x17x1x
Sat, 11 Nov 2023zł6.4bzł7.3bzł407.8m17.7x15.7x0.9x
Mon, 09 Oct 2023zł5.9bzł7.3bzł393.8m17.7x14.9x0.8x
Wed, 06 Sep 2023zł6.0bzł7.3bzł361.8m18.6x16.6x0.8x
Fri, 04 Aug 2023zł6.3bzł7.1bzł388.5m19.9x16.1x0.9x
Sun, 02 Jul 2023zł6.2bzł7.1bzł405.7m18.1x15.3x0.9x
Tue, 30 May 2023zł6.2bzł6.9bzł390.5m17.5x15.9x0.9x
Thu, 27 Apr 2023zł6.8bzł6.7bzł381.2m20x17.7x1x
Sat, 25 Mar 2023zł6.1bzł6.7bzł377.2m20.7x16.1x0.9x
Mon, 20 Feb 2023zł6.1bzł6.6bzł390.7m18.6x15.6x0.9x
Wed, 18 Jan 2023zł6.2bzł6.5bzł383.9m21.4x16.1x0.9x
Price to Earnings Ratio

16.1x


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 24.1x 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 Market0.88%
Tech3.25%
IT6.76%
IT Consulting6.79%
Data Processing Services0%0
Internet Services and Infrastructure-3.11%
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 43.0x.
    • 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 Europezł77.0015.8%
+zł544.9m		55.9%PE20.9x
SGN Sygnityzł91.602.0%
+zł40.9m		40.1%PE25.8x
PAS Passuszł127.007.6%
+zł16.1m		280.2%PE18.6x
ATD Atendezł3.0315.2%
+zł14.5m		19.3%PS0.3x
SWM Software Mansionzł37.802.7%
+zł10.7m		27.3%PE17.3x

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%
SED
zł9.90
Sedivio
7D
15.1%
1Y
11.2%
PAS
zł127.00
Passus
7D
7.6%
1Y
280.2%

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Jan 03
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PAC
zł1.36
Proacta
7D
-4.2%
1Y
65.5%
BTC
zł0.20
BTC Studios
7D
-33.3%
1Y
n/a
SNN
zł2.52
Sunway Network
7D
27.6%
1Y
63.6%
CMP
zł58.60
Comp
7D
0.3%
1Y
104.9%

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Dec 01
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TLX
zł19.30
Talex
7D
-2.0%
1Y
-0.5%
LUK
zł0.34
Lukardi
7D
-24.7%
1Y
-22.3%
SGN
zł91.60
Sygnity
7D
2.0%
1Y
40.1%

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

Nov 21
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P2B
zł0.078
Planet B2B
7D
-3.1%
1Y
132.8%
VAR
zł0.38
VARSAV Game Studios
7D
-3.3%
1Y
-14.4%
ATD
zł3.03
Atende
7D
15.2%
1Y
19.3%
SWM
zł37.80
Software Mansion
7D
2.7%
1Y
27.3%

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Nov 12
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