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Polish (WIG) Software Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies35
  • 7D4.6%
  • 3M-17.2%
  • 1Y24.4%
  • YTD-16.3%

In the last week, the Software industry is up 6.8%, with Asseco Poland up 5.9%. Meanwhile, Euvic actually underperformed within the industry, shrinking 11% in the last week. This means that the industry has gained 19% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026zł25.9bzł20.1bzł1.1b20.2x24.4x1.3x
Thu, 05 Mar 2026zł22.9bzł21.7bzł1.0b25.1x22.4x1.1x
Sat, 31 Jan 2026zł26.6bzł21.8bzł1.0b23.6x26x1.2x
Mon, 29 Dec 2025zł26.1bzł21.7bzł1.0b23.1x25.4x1.2x
Wed, 26 Nov 2025zł23.1bzł21.2bzł996.5m13.2x23.2x1.1x
Fri, 24 Oct 2025zł25.8bzł21.2bzł986.7m18.2x26.1x1.2x
Sun, 21 Sep 2025zł25.2bzł21.2bzł979.7m14.9x25.7x1.2x
Tue, 19 Aug 2025zł23.0bzł20.8bzł1.0b19.8x22.7x1.1x
Thu, 17 Jul 2025zł24.6bzł20.8bzł1.0b22.6x24.2x1.2x
Sat, 14 Jun 2025zł22.4bzł20.8bzł1.0b19.1x22x1.1x
Mon, 12 May 2025zł21.9bzł20.4bzł997.9m16.6x21.9x1.1x
Wed, 09 Apr 2025zł18.6bzł20.4bzł981.9m16.5x19x0.9x
Fri, 07 Mar 2025zł18.8bzł20.1bzł933.7m18.6x20.2x0.9x
Sun, 02 Feb 2025zł17.2bzł20.1bzł927.0m16.2x18.6x0.9x
Tue, 31 Dec 2024zł15.9bzł20.1bzł926.9m14.5x17.2x0.8x
Thu, 28 Nov 2024zł14.6bzł19.9bzł896.0m16.6x16.3x0.7x
Sat, 26 Oct 2024zł15.1bzł19.8bzł861.2m15.9x17.5x0.8x
Mon, 23 Sep 2024zł15.3bzł19.8bzł856.8m16.5x17.9x0.8x
Wed, 21 Aug 2024zł15.4bzł19.7bzł913.1m20.8x16.9x0.8x
Fri, 19 Jul 2024zł15.7bzł19.7bzł909.8m19.3x17.3x0.8x
Sun, 16 Jun 2024zł15.1bzł19.7bzł941.2m19.7x16.1x0.8x
Tue, 14 May 2024zł16.4bzł19.8bzł880.7m20x18.6x0.8x
Thu, 11 Apr 2024zł15.7bzł19.8bzł866.7m23.9x18.2x0.8x
Sat, 09 Mar 2024zł14.6bzł20.2bzł843.1m24.6x17.3x0.7x
Mon, 05 Feb 2024zł15.3bzł20.0bzł831.1m27.6x18.4x0.8x
Wed, 03 Jan 2024zł15.7bzł20.0bzł831.1m26.4x18.9x0.8x
Fri, 01 Dec 2023zł15.5bzł20.0bzł818.1m24.8x19x0.8x
Sun, 29 Oct 2023zł15.6bzł20.4bzł819.0m23.3x19.1x0.8x
Tue, 26 Sep 2023zł16.2bzł20.4bzł816.9m22.7x19.9x0.8x
Thu, 24 Aug 2023zł16.3bzł20.4bzł772.7m22.7x21.1x0.8x
Sat, 22 Jul 2023zł16.9bzł20.3bzł754.3m21.8x22.4x0.8x
Mon, 19 Jun 2023zł16.2bzł20.3bzł735.4m20.8x22.1x0.8x
Wed, 17 May 2023zł17.0bzł19.9bzł715.9m24.6x23.8x0.9x
Fri, 14 Apr 2023zł15.4bzł19.6bzł705.8m20.7x21.8x0.8x
Price to Earnings Ratio

21.8x


Total Market Cap: zł15.4bTotal Earnings: zł705.8mTotal Revenue: zł19.6bTotal 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 24.3x which is higher than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 15% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

PL Market4.29%
Tech3.26%
Software4.56%
Systems Software5.93%
Application Software1.49%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings decline of 10.5% per year.
  • 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 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 9.5% 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
ACP Asseco Polandzł178.205.9%
+zł2.9b		30.7%PE23.2x
ABS Asseco Business Solutionszł81.404.6%
+zł118.8m		19.4%PE20.2x
WAS Waskozł7.5418.9%
+zł109.4m		314.3%PE13.5x
VRC Vercomzł116.003.4%
+zł83.5m		6.4%PE29.1x
DAT DataWalkzł148.567.7%
+zł76.2m		110.9%PS26.4x

Latest News

DAT
zł148.56
DataWalk
7D
7.7%
1Y
110.9%
WAS
zł7.54
Wasko
7D
18.9%
1Y
314.3%
ACP
zł178.20
Asseco Poland
7D
5.9%
1Y
30.7%

ACP: Downgrade And Higher Required Return Will Pressure Rich Future P/E

Analysts have raised their fair value estimate for Asseco Poland from PLN 142.12 to PLN 157.22, citing updated assumptions for revenue growth, profit margins and future P/E, even as some recent research has taken a more cautious view on the shares. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher fair value estimate of PLN 157.22 as support for a more upbeat view on long term earnings potential, even with differing opinions on the shares.
TXT
zł37.38
Text
7D
2.0%
1Y
-23.2%

TXT: Steady PLN 45 Fair Value Will Support Constructive Long Term Outlook

Analysts are keeping the price target steady at PLN 45.00. This reflects slightly higher assumed revenue growth and a marginally lower discount rate, partly offset by a more conservative profit margin and a modestly lower future P/E assumption.
IFI
zł28.60
Ifirma
7D
-3.1%
1Y
25.4%
SHO
zł40.10
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7D
2.6%
1Y
6.6%

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Mar 26
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ABS
zł81.40
Asseco Business Solutions
7D
4.6%
1Y
19.4%
EDL
zł4.64
Editel
7D
-6.1%
1Y
20.8%
QNT
zł28.00
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7D
-11.4%
1Y
59.1%

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7D
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1Y
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LSI
zł34.60
LSI Software
7D
-1.1%
1Y
117.6%

Cautious Investors Not Rewarding LSI Software S.A.'s (WSE:LSI) Performance Completely

Jan 10
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CLD
zł64.60
Cloud Technologies
7D
-2.7%
1Y
67.8%
PAC
zł0.81
Proacta
7D
-1.9%
1Y
5.2%
XPL
zł1.95
Xplus
7D
-4.9%
1Y
-30.4%

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

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
SKY
zł1.57
Stohid Technology
7D
4.7%
1Y
12.1%