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Polish (WIG) Software Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies35
  • 7D0.4%
  • 3M1.8%
  • 1Y23.1%
  • YTD-13.3%

In the last week, the Software industry is flat overall, with Vercom standing out by going down 3.6%. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026zł24.4bzł21.7bzł1.0b23.7x23.8x1.1x
Mon, 19 Jan 2026zł27.2bzł21.8bzł1.0b23.8x26.6x1.2x
Wed, 17 Dec 2025zł25.6bzł21.7bzł1.0b18x25x1.2x
Fri, 14 Nov 2025zł24.2bzł21.2bzł996.1m17.5x24.3x1.1x
Sun, 12 Oct 2025zł24.8bzł21.2bzł986.8m18.9x25.2x1.2x
Tue, 09 Sep 2025zł25.5bzł21.2bzł978.9m21.7x26x1.2x
Thu, 07 Aug 2025zł24.4bzł20.8bzł1.0b21.3x24.1x1.2x
Sat, 05 Jul 2025zł25.7bzł20.8bzł1.0b22.2x25.3x1.2x
Mon, 02 Jun 2025zł22.6bzł20.8bzł1.0b19.3x22.2x1.1x
Wed, 30 Apr 2025zł20.4bzł20.4bzł991.2m16.8x20.6x1x
Fri, 28 Mar 2025zł20.4bzł20.1bzł924.9m18.2x22x1x
Sun, 23 Feb 2025zł18.8bzł20.0bzł920.8m18.5x20.5x0.9x
Tue, 21 Jan 2025zł15.7bzł20.1bzł926.9m15.7x16.9x0.8x
Thu, 19 Dec 2024zł15.6bzł20.1bzł927.0m14.1x16.8x0.8x
Sat, 16 Nov 2024zł14.9bzł19.8bzł865.9m17.2x17.2x0.8x
Mon, 14 Oct 2024zł15.0bzł19.8bzł861.4m14.4x17.4x0.8x
Wed, 11 Sep 2024zł15.7bzł19.7bzł844.0m18.3x18.6x0.8x
Fri, 09 Aug 2024zł15.0bzł19.7bzł913.2m19x16.4x0.8x
Sun, 07 Jul 2024zł15.7bzł19.7bzł909.8m20x17.3x0.8x
Tue, 04 Jun 2024zł15.8bzł19.7bzł941.4m17.7x16.8x0.8x
Thu, 02 May 2024zł15.7bzł19.8bzł880.1m21x17.8x0.8x
Sat, 30 Mar 2024zł15.2bzł19.8bzł852.8m24.2x17.9x0.8x
Mon, 26 Feb 2024zł14.4bzł20.1bzł837.9m22.8x17.2x0.7x
Wed, 24 Jan 2024zł15.2bzł20.0bzł831.1m27x18.2x0.8x
Fri, 22 Dec 2023zł15.7bzł20.0bzł818.4m26.2x19.1x0.8x
Sun, 19 Nov 2023zł16.1bzł20.5bzł839.8m21.5x19.1x0.8x
Tue, 17 Oct 2023zł15.9bzł20.4bzł816.5m23x19.4x0.8x
Thu, 14 Sep 2023zł16.6bzł20.5bzł777.9m23x21.3x0.8x
Sat, 12 Aug 2023zł16.6bzł20.4bzł771.6m20.8x21.5x0.8x
Mon, 10 Jul 2023zł16.7bzł20.3bzł752.3m23.1x22.2x0.8x
Wed, 07 Jun 2023zł16.6bzł20.3bzł735.8m20.8x22.5x0.8x
Fri, 05 May 2023zł16.7bzł19.9bzł705.7m23.6x23.6x0.8x
Sun, 02 Apr 2023zł15.2bzł19.5bzł704.3m20x21.6x0.8x
Tue, 28 Feb 2023zł15.5bzł19.5bzł679.6m23.6x22.8x0.8x
Price to Earnings Ratio

22.8x


Total Market Cap: zł15.5bTotal Earnings: zł679.6mTotal Revenue: zł19.5bTotal 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 23.8x 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 1.1x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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 Market0.65%
Tech0.30%
Software0.39%
Systems Software1.76%
Application Software-2.10%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 31.9x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 3.7% 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 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 19% 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 Polandzł182.002.0%
+zł245.5m		32.0%PE20.4x
ABS Asseco Business Solutionszł80.600.7%
+zł19.8m		22.9%PE21.4x
SHO Shoperzł44.901.6%
+zł19.7m		9.5%PE29.1x
IFI Ifirmazł35.456.5%
+zł13.8m		57.6%PE17.4x
WAS Waskozł4.193.5%
+zł12.8m		126.5%PE23.1x

Latest News

EDL
zł5.25
Editel
7D
-8.7%
1Y
25.0%
IFI
zł35.45
Ifirma
7D
6.5%
1Y
57.6%
ACP
zł182.00
Asseco Poland
7D
2.0%
1Y
32.0%
DAT
zł155.74
DataWalk
7D
-3.9%
1Y
133.5%
VRC
zł127.20
Vercom
7D
-3.6%
1Y
5.6%

Getting In Cheap On Vercom S.A. (WSE:VRC) Might Be Difficult

Feb 11
Getting In Cheap On Vercom S.A. (WSE:VRC) Might Be Difficult
WAS
zł4.19
Wasko
7D
3.5%
1Y
126.5%
SHO
zł44.90
Shoper
7D
1.6%
1Y
9.5%
TXT
zł37.82
Text
7D
-2.5%
1Y
-35.2%
ABS
zł80.60
Asseco Business Solutions
7D
0.7%
1Y
22.9%
ALL
zł17.82
Ailleron
7D
-2.2%
1Y
-27.3%

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

Jan 28
Sentiment Still Eluding Ailleron S.A. (WSE:ALL)
CLD
zł76.00
Cloud Technologies
7D
-2.1%
1Y
80.1%
O2T
zł0.26
One2Tribe
7D
-7.1%
1Y
-11.6%
PAC
zł0.88
Proacta
7D
7.3%
1Y
-0.2%
SKY
zł1.77
Stohid Technology
7D
4.1%
1Y
30.1%
BIG
zł51.99
Baseig Spolka Akcyjna
7D
7.6%
1Y
n/a