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Polish (WIG) Software Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies35
  • 7D4.8%
  • 3M-13.9%
  • 1Y12.9%
  • YTD-15.1%

The Software industry is up 2.9% in the last week, with Asseco Poland up 8.8%. This means that the industry has gained 7.9% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026zł23.8bzł21.7bzł1.1b20x22.6x1.1x
Sat, 28 Feb 2026zł23.6bzł21.7bzł1.0b24.5x23x1.1x
Mon, 26 Jan 2026zł26.8bzł21.8bzł1.0b24.1x26.2x1.2x
Wed, 24 Dec 2025zł26.1bzł21.7bzł1.0b23.1x25.4x1.2x
Fri, 21 Nov 2025zł23.3bzł21.2bzł996.5m12.8x23.4x1.1x
Sun, 19 Oct 2025zł25.5bzł21.2bzł986.7m18.6x25.8x1.2x
Tue, 16 Sep 2025zł25.6bzł21.2bzł982.2m17.5x26.1x1.2x
Thu, 14 Aug 2025zł23.0bzł20.8bzł1.0b21.6x22.6x1.1x
Sat, 12 Jul 2025zł24.8bzł20.8bzł1.0b21.9x24.4x1.2x
Mon, 09 Jun 2025zł22.6bzł20.8bzł1.0b19.7x22.2x1.1x
Wed, 07 May 2025zł20.9bzł20.4bzł995.7m18.6x21x1x
Fri, 04 Apr 2025zł20.2bzł20.4bzł940.7m17.7x21.4x1x
Sun, 02 Mar 2025zł19.0bzł20.0bzł926.1m17.6x20.5x0.9x
Tue, 28 Jan 2025zł16.2bzł20.1bzł927.0m15.6x17.5x0.8x
Thu, 26 Dec 2024zł15.7bzł20.1bzł926.9m14x16.9x0.8x
Sat, 23 Nov 2024zł14.6bzł19.9bzł894.9m16.6x16.4x0.7x
Mon, 21 Oct 2024zł15.4bzł19.8bzł861.3m14.4x17.9x0.8x
Wed, 18 Sep 2024zł15.5bzł19.8bzł857.4m16.7x18.1x0.8x
Fri, 16 Aug 2024zł15.2bzł19.7bzł915.3m20.5x16.6x0.8x
Sun, 14 Jul 2024zł15.7bzł19.7bzł909.9m19.4x17.2x0.8x
Tue, 11 Jun 2024zł15.8bzł19.7bzł942.6m20.5x16.8x0.8x
Thu, 09 May 2024zł15.9bzł19.8bzł880.6m19.9x18.1x0.8x
Sat, 06 Apr 2024zł15.7bzł19.8bzł867.1m24x18.1x0.8x
Mon, 04 Mar 2024zł14.7bzł20.2bzł843.1m23x17.4x0.7x
Wed, 31 Jan 2024zł15.3bzł20.0bzł831.1m27.5x18.4x0.8x
Fri, 29 Dec 2023zł15.7bzł20.0bzł831.0m26.9x18.9x0.8x
Sun, 26 Nov 2023zł15.7bzł20.4bzł829.5m22.7x18.9x0.8x
Tue, 24 Oct 2023zł15.5bzł20.4bzł816.6m23.4x18.9x0.8x
Thu, 21 Sep 2023zł16.5bzł20.4bzł764.0m21.6x21.6x0.8x
Sat, 19 Aug 2023zł16.2bzł20.4bzł772.2m25x21x0.8x
Mon, 17 Jul 2023zł17.2bzł20.3bzł754.9m22.8x22.8x0.8x
Wed, 14 Jun 2023zł16.2bzł20.3bzł738.0m18.7x22x0.8x
Fri, 12 May 2023zł17.0bzł19.9bzł708.5m24.9x24x0.9x
Sun, 09 Apr 2023zł15.1bzł19.6bzł705.4m20.3x21.5x0.8x
Price to Earnings Ratio

21.5x


Total Market Cap: zł15.1bTotal Earnings: zł705.4mTotal 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 relatively neutral on the Polish Software 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 20.6x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
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 3.6% 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 Market2.59%
Tech2.93%
Software4.81%
Systems Software7.31%
Application Software0.059%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings growth of 3.7% per year.
  • Investors are most pessimistic about the Systems Software industry, which is trading close to its 3-year average of 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 10% 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 Polandzł178.508.8%
+zł988.8m		12.8%PE20x
ABS Asseco Business Solutionszł82.203.0%
+zł79.2m		15.8%PE20.4x
VRC Vercomzł117.601.4%
+zł35.1m		1.0%PE29.5x
WAS Waskozł7.204.0%
+zł25.5m		285.0%PE12.9x
SHO Shoperzł39.802.3%
+zł25.3m		-4.1%PE26x

Latest News

TXT
zł37.30
Text
7D
-2.4%
1Y
-27.3%
SNG
zł0.49
Synerga.Fund
7D
-7.2%
1Y
-27.9%
SHO
zł39.80
Shoper
7D
2.3%
1Y
-4.1%

We Like Shoper's (WSE:SHO) Earnings For More Than Just Statutory Profit

Mar 26
We Like Shoper's (WSE:SHO) Earnings For More Than Just Statutory Profit
ACP
zł178.50
Asseco Poland
7D
8.8%
1Y
12.8%

ACP: Heightened Execution Risks Will Restrain Future Upside Potential

Analysts have reset their PLN fair value estimate for Asseco Poland to PLN 131.00, reflecting a slightly higher implied discount rate and modest tweaks to revenue growth, profit margin and future P/E assumptions after more cautious research commentary, including a recent downgrade. Analyst Commentary Bearish analysts have turned more cautious on Asseco Poland, with recent research pointing to a less supportive backdrop for the shares and helping reset the PLN 131.00 fair value estimate on more conservative assumptions.
ABS
zł82.20
Asseco Business Solutions
7D
3.0%
1Y
15.8%
WAS
zł7.20
Wasko
7D
4.0%
1Y
285.0%
IFI
zł29.15
Ifirma
7D
-3.8%
1Y
21.5%
ALL
zł17.66
Ailleron
7D
-3.3%
1Y
-25.2%
DAT
zł149.94
DataWalk
7D
-1.4%
1Y
146.7%
QNT
zł28.00
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7D
-10.8%
1Y
40.7%

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VRC
zł117.60
Vercom
7D
1.4%
1Y
1.0%

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Feb 11
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CST
zł3.80
CStore
7D
11.8%
1Y
n/a
LSI
zł34.80
LSI Software
7D
4.8%
1Y
117.5%

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Jan 10
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CLD
zł64.20
Cloud Technologies
7D
-6.4%
1Y
54.0%
XPL
zł1.98
Xplus
7D
-6.0%
1Y
-36.1%

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

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
SKY
zł1.59
Stohid Technology
7D
6.0%
1Y
21.4%