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Polish (WIG) Software Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies35
  • 7D-1.2%
  • 3M2.3%
  • 1Y63.2%
  • YTD-1.0%

Over the last 7 days, the Software industry has dropped 1.2%, driven by Asseco Poland declining 2.1%. Meanwhile, Wasko actually outperformed within the industry, gaining 39% in the last week. In the past year, the industry has gained 63%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026zł26.8bzł21.8bzł1.0b24.1x26.2x1.2x
Tue, 23 Dec 2025zł25.8bzł21.7bzł1.0b22.5x25.1x1.2x
Thu, 20 Nov 2025zł23.4bzł21.1bzł995.2m14x23.5x1.1x
Sat, 18 Oct 2025zł25.5bzł21.2bzł986.7m18.6x25.8x1.2x
Mon, 15 Sep 2025zł25.5bzł21.2bzł977.4m21.6x26.1x1.2x
Wed, 13 Aug 2025zł22.8bzł20.8bzł1.0b21.1x22.5x1.1x
Fri, 11 Jul 2025zł24.8bzł20.8bzł1.0b21.9x24.4x1.2x
Sun, 08 Jun 2025zł22.6bzł20.8bzł1.0b19.7x22.2x1.1x
Tue, 06 May 2025zł21.0bzł20.4bzł995.5m19.5x21.1x1x
Thu, 03 Apr 2025zł20.3bzł20.4bzł940.7m18.3x21.6x1x
Sat, 01 Mar 2025zł19.1bzł20.0bzł926.2m17.6x20.6x1x
Mon, 27 Jan 2025zł16.2bzł20.1bzł927.0m15.5x17.5x0.8x
Wed, 25 Dec 2024zł15.7bzł20.1bzł926.9m14x16.9x0.8x
Fri, 22 Nov 2024zł14.6bzł19.9bzł894.4m16.2x16.3x0.7x
Sun, 20 Oct 2024zł15.4bzł19.8bzł861.3m14.4x17.9x0.8x
Tue, 17 Sep 2024zł15.5bzł19.8bzł855.1m16.7x18.1x0.8x
Thu, 15 Aug 2024zł15.2bzł19.7bzł915.3m20.5x16.6x0.8x
Sat, 13 Jul 2024zł15.7bzł19.7bzł909.9m19.4x17.2x0.8x
Mon, 10 Jun 2024zł15.8bzł19.7bzł942.6m20.5x16.8x0.8x
Wed, 08 May 2024zł15.8bzł19.8bzł880.6m19.9x17.9x0.8x
Fri, 05 Apr 2024zł15.8bzł19.8bzł867.1m24x18.2x0.8x
Sun, 03 Mar 2024zł14.7bzł20.2bzł843.1m23x17.4x0.7x
Tue, 30 Jan 2024zł15.1bzł20.0bzł831.1m26.9x18.2x0.8x
Thu, 28 Dec 2023zł15.7bzł20.0bzł831.0m26.2x18.9x0.8x
Sat, 25 Nov 2023zł15.7bzł20.4bzł829.0m23.1x18.9x0.8x
Mon, 23 Oct 2023zł15.7bzł20.4bzł816.6m23x19.2x0.8x
Wed, 20 Sep 2023zł16.1bzł20.4bzł763.9m21.8x21.1x0.8x
Fri, 18 Aug 2023zł16.2bzł20.4bzł771.4m24.7x21x0.8x
Sun, 16 Jul 2023zł17.2bzł20.3bzł754.9m22.8x22.8x0.8x
Tue, 13 Jun 2023zł16.5bzł20.3bzł738.1m17.9x22.4x0.8x
Thu, 11 May 2023zł17.1bzł19.9bzł708.4m24.4x24.1x0.9x
Sat, 08 Apr 2023zł15.1bzł19.6bzł705.4m20.3x21.5x0.8x
Mon, 06 Mar 2023zł15.5bzł19.5bzł698.4m21.9x22.2x0.8x
Wed, 01 Feb 2023zł14.6bzł19.4bzł686.6m15.3x21.3x0.8x
Price to Earnings Ratio

21.3x


Total Market Cap: zł14.6bTotal Earnings: zł686.6mTotal Revenue: zł19.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Software Industry Price to Earnings3Y Average 20.6x202420252026
Current Industry PE
  • Investors are optimistic on the Polish Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.2x which is higher than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 3.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Polish Tech industry?

PL Market0.60%
Tech-1.13%
Software-1.22%
Application Software-1.18%
Systems Software-1.23%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.8x.
    • Analysts expect its future annual earnings growth (19.2%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.0x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 12% 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
WAS Waskozł4.0939.1%
+zł104.9m		169.1%PE22.6x
TXT Textzł43.864.5%
+zł48.9m		-23.1%PE8.2x
BIG Baseig Spolka Akcyjnazł57.0014.0%
+zł9.7m		n/an/a
SKY Stohid Technologyzł1.885.6%
+zł7.9m		58.0%n/a
XPL Xpluszł2.431.3%
+zł2.1m		37.3%PE24.1x

Latest News

ACP
zł219.60
Asseco Poland
7D
-2.1%
1Y
111.2%

ACP: Slightly Higher Required Return Will Likely Keep Rich P/E Vulnerable

Analysts have made only a marginal adjustment to their valuation framework for Asseco Poland, keeping the fair value broadly unchanged at about €142.82 per share. This reflects very small tweaks to the discount rate, long term revenue growth, profit margin and future P/E assumptions.
WAS
zł4.09
Wasko
7D
39.1%
1Y
169.1%
PNT
zł15.50
Pointpack
7D
10.7%
1Y
25.0%
SHO
zł51.60
Shoper
7D
-5.5%
1Y
31.3%
OPI
zł0.46
Optigis
7D
6.5%
1Y
20.3%
SVRS
zł8.40
Silvair
7D
-2.3%
1Y
141.4%

Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital

Jan 13
Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital
CLD
zł75.00
Cloud Technologies
7D
-1.8%
1Y
75.6%
QNT
zł39.20
Quantum software
7D
2.6%
1Y
111.9%

Quantum software S.A. (WSE:QNT) Stock Rockets 33% But Many Are Still Ignoring The Company

Jan 03
Quantum software S.A. (WSE:QNT) Stock Rockets 33% But Many Are Still Ignoring The Company
DAT
zł147.20
DataWalk
7D
-2.5%
1Y
146.2%

Investors Appear Satisfied With DataWalk S.A.'s (WSE:DAT) Prospects As Shares Rocket 37%

Dec 25
Investors Appear Satisfied With DataWalk S.A.'s (WSE:DAT) Prospects As Shares Rocket 37%
VRC
zł138.00
Vercom
7D
-0.6%
1Y
15.5%

We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger

Dec 20
We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger
PAC
zł1.00
Proacta
7D
-18.2%
1Y
31.0%
TXT
zł43.86
Text
7D
4.5%
1Y
-23.1%
XPL
zł2.43
Xplus
7D
1.3%
1Y
37.3%

We Like The Quality Of Xplus' (WSE:XPL) Earnings

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
SKY
zł1.88
Stohid Technology
7D
5.6%
1Y
58.0%
BIG
zł57.00
Baseig Spolka Akcyjna
7D
14.0%
1Y
n/a
ABS
zł85.60
Asseco Business Solutions
7D
-0.5%
1Y
40.3%