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Polish (WIG) Software Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies35
  • 7D1.4%
  • 3M6.2%
  • 1Y55.5%
  • YTD0.2%

In the last week, the Software industry is up 1.4%, with Vercom up 13%. In the last 12 months, the industry was up 55%. 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
Wed, 04 Feb 2026zł27.2bzł21.8bzł1.0b24.4x26.5x1.2x
Fri, 02 Jan 2026zł26.4bzł21.7bzł1.0b24x25.7x1.2x
Sun, 30 Nov 2025zł23.7bzł21.1bzł987.7m13.4x24x1.1x
Tue, 28 Oct 2025zł26.4bzł21.2bzł986.7m18.5x26.8x1.2x
Thu, 25 Sep 2025zł25.1bzł21.2bzł980.9m15.3x25.6x1.2x
Sat, 23 Aug 2025zł23.3bzł20.8bzł1.0b20.7x23.1x1.1x
Mon, 21 Jul 2025zł24.9bzł20.8bzł1.0b22.8x24.6x1.2x
Wed, 18 Jun 2025zł22.4bzł20.8bzł1.0b20.2x22.1x1.1x
Fri, 16 May 2025zł22.0bzł20.4bzł997.8m18.1x22.1x1.1x
Sun, 13 Apr 2025zł18.8bzł20.4bzł985.3m16.8x19.1x0.9x
Tue, 11 Mar 2025zł19.0bzł20.1bzł933.6m19.1x20.3x0.9x
Thu, 06 Feb 2025zł17.2bzł20.1bzł927.0m16.6x18.6x0.9x
Sat, 04 Jan 2025zł16.3bzł20.1bzł926.8m15.6x17.6x0.8x
Mon, 02 Dec 2024zł15.1bzł20.1bzł928.7m14.3x16.3x0.8x
Wed, 30 Oct 2024zł15.3bzł19.8bzł863.1m15.9x17.7x0.8x
Fri, 27 Sep 2024zł15.6bzł19.8bzł862.8m16.4x18.1x0.8x
Sun, 25 Aug 2024zł15.6bzł19.7bzł910.0m18.9x17.2x0.8x
Tue, 23 Jul 2024zł15.7bzł19.7bzł909.8m18.9x17.2x0.8x
Thu, 20 Jun 2024zł15.6bzł19.7bzł942.0m20x16.6x0.8x
Sat, 18 May 2024zł16.4bzł19.8bzł880.8m20.3x18.6x0.8x
Mon, 15 Apr 2024zł15.5bzł19.8bzł878.9m22.1x17.7x0.8x
Wed, 13 Mar 2024zł15.0bzł20.2bzł843.1m25.4x17.8x0.7x
Fri, 09 Feb 2024zł15.2bzł20.0bzł830.9m25.2x18.3x0.8x
Sun, 07 Jan 2024zł15.4bzł20.0bzł831.1m25.7x18.6x0.8x
Tue, 05 Dec 2023zł15.8bzł20.0bzł818.1m25.1x19.3x0.8x
Thu, 02 Nov 2023zł16.2bzł20.4bzł823.4m23.4x19.6x0.8x
Sat, 30 Sep 2023zł16.0bzł20.4bzł813.6m23.1x19.7x0.8x
Mon, 28 Aug 2023zł15.9bzł20.4bzł763.3m22.9x20.8x0.8x
Wed, 26 Jul 2023zł17.0bzł20.3bzł754.3m22.2x22.6x0.8x
Fri, 23 Jun 2023zł16.1bzł20.3bzł733.0m20.9x21.9x0.8x
Sun, 21 May 2023zł17.1bzł19.9bzł716.0m22.2x23.9x0.9x
Tue, 18 Apr 2023zł16.0bzł19.5bzł684.2m21.7x23.3x0.8x
Thu, 16 Mar 2023zł15.3bzł19.5bzł705.6m21.4x21.7x0.8x
Sat, 11 Feb 2023zł15.7bzł19.4bzł686.1m17x22.9x0.8x
Price to Earnings Ratio

22.9x


Total Market Cap: zł15.7bTotal Earnings: zł686.1mTotal 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 26.5x which is higher than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 0.95x 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 Market2.25%
Tech1.68%
Software1.40%
Application Software5.83%
Systems Software-0.54%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.5x.
    • Analysts expect its future annual earnings growth (19.7%) 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 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 20% 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
VRC Vercomzł153.8012.8%
+zł382.2m		33.7%PE38.6x
DAT DataWalkzł175.0022.5%
+zł205.5m		183.2%PS27.8x
WAS Waskozł4.196.3%
+zł22.8m		172.1%PE23.1x
ALL Ailleronzł17.981.7%
+zł3.7m		-21.0%PE8.5x
XPL Xpluszł2.461.2%
+zł2.1m		36.7%PE24.4x

Latest News

VRC
zł153.80
Vercom
7D
12.8%
1Y
33.7%
TXT
zł42.00
Text
7D
-4.3%
1Y
-27.6%
ABS
zł85.40
Asseco Business Solutions
7D
-1.4%
1Y
35.1%
ALL
zł17.98
Ailleron
7D
1.7%
1Y
-21.0%

Sentiment Still Eluding Ailleron S.A. (WSE:ALL)

Jan 28
Sentiment Still Eluding Ailleron S.A. (WSE:ALL)
ACP
zł217.80
Asseco Poland
7D
-0.5%
1Y
83.8%
VEE
zł13.45
Vee
7D
3.9%
1Y
24.8%

There's Been No Shortage Of Growth Recently For Vee's (WSE:VEE) Returns On Capital

Jan 23
There's Been No Shortage Of Growth Recently For Vee's (WSE:VEE) Returns On Capital
WAS
zł4.19
Wasko
7D
6.3%
1Y
172.1%
SHO
zł52.20
Shoper
7D
-0.8%
1Y
31.8%
CLD
zł76.00
Cloud Technologies
7D
-5.9%
1Y
87.7%
IFI
zł34.95
Ifirma
7D
-3.6%
1Y
52.6%
MAD
zł2.70
Madkom
7D
3.1%
1Y
58.8%
DAT
zł175.00
DataWalk
7D
22.5%
1Y
183.2%

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%
PAC
zł0.90
Proacta
7D
-7.0%
1Y
4.9%
XPL
zł2.46
Xplus
7D
1.2%
1Y
36.7%

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

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
BIG
zł45.40
Baseig Spolka Akcyjna
7D
-11.7%
1Y
n/a
B24
zł59.80
Brand 24
7D
1.4%
1Y
20.1%