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Polish (WIG) Software Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies35
  • 7D-9.2%
  • 3M-0.8%
  • 1Y36.1%
  • YTD-10.4%

Over the last 7 days, the Software industry has dropped 9.2%, driven by Asseco Poland declining 13%. Meanwhile, Wasko actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 36%. 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
Mon, 09 Feb 2026zł24.3bzł21.8bzł1.0b22.7x23.8x1.1x
Wed, 07 Jan 2026zł27.3bzł21.7bzł1.0b24x26.5x1.3x
Fri, 05 Dec 2025zł24.1bzł20.1bzł858.6m12.4x28.1x1.2x
Sun, 02 Nov 2025zł25.6bzł21.2bzł991.9m18.9x25.8x1.2x
Tue, 30 Sep 2025zł24.4bzł21.2bzł983.1m17.4x24.9x1.2x
Thu, 28 Aug 2025zł23.4bzł20.8bzł1.0b21.6x23.1x1.1x
Sat, 26 Jul 2025zł24.4bzł20.8bzł1.0b21.6x24.1x1.2x
Mon, 23 Jun 2025zł22.7bzł20.8bzł1.0b21.2x22.4x1.1x
Wed, 21 May 2025zł22.2bzł20.4bzł995.1m19.3x22.3x1.1x
Fri, 18 Apr 2025zł19.5bzł20.4bzł985.3m16.8x19.8x1x
Sun, 16 Mar 2025zł19.4bzł20.1bzł932.6m18.4x20.8x1x
Tue, 11 Feb 2025zł17.6bzł20.1bzł927.0m15.9x18.9x0.9x
Thu, 09 Jan 2025zł15.5bzł20.1bzł926.8m15.8x16.8x0.8x
Sat, 07 Dec 2024zł15.5bzł20.1bzł927.0m15.4x16.7x0.8x
Mon, 04 Nov 2024zł15.1bzł19.8bzł863.1m14.9x17.5x0.8x
Wed, 02 Oct 2024zł15.5bzł19.8bzł859.4m15x18x0.8x
Fri, 30 Aug 2024zł15.8bzł19.7bzł897.5m18.9x17.6x0.8x
Sun, 28 Jul 2024zł15.3bzł19.7bzł909.8m19.1x16.8x0.8x
Tue, 25 Jun 2024zł15.6bzł19.7bzł934.6m19.7x16.7x0.8x
Thu, 23 May 2024zł16.3bzł19.8bzł927.8m20.3x17.6x0.8x
Sat, 20 Apr 2024zł15.2bzł19.8bzł878.2m21.3x17.3x0.8x
Mon, 18 Mar 2024zł14.8bzł20.2bzł842.9m22.5x17.6x0.7x
Wed, 14 Feb 2024zł14.0bzł20.1bzł830.5m24x16.8x0.7x
Fri, 12 Jan 2024zł15.3bzł20.0bzł831.1m27x18.4x0.8x
Sun, 10 Dec 2023zł15.7bzł20.0bzł815.9m26.1x19.3x0.8x
Tue, 07 Nov 2023zł16.1bzł20.4bzł823.5m23.1x19.5x0.8x
Thu, 05 Oct 2023zł15.8bzł20.4bzł813.2m24.3x19.5x0.8x
Sat, 02 Sep 2023zł16.2bzł20.4bzł763.3m24x21.3x0.8x
Mon, 31 Jul 2023zł17.0bzł20.3bzł755.9m21.5x22.5x0.8x
Wed, 28 Jun 2023zł15.8bzł20.3bzł733.0m20.4x21.6x0.8x
Fri, 26 May 2023zł17.2bzł20.0bzł713.0m22.2x24.1x0.9x
Sun, 23 Apr 2023zł16.1bzł19.9bzł705.5m22.8x22.9x0.8x
Tue, 21 Mar 2023zł15.2bzł19.5bzł704.7m21.7x21.6x0.8x
Thu, 16 Feb 2023zł15.6bzł19.4bzł686.9m18.1x22.7x0.8x
Price to Earnings Ratio

22.7x


Total Market Cap: zł15.6bTotal Earnings: zł686.9mTotal 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 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 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 Market0.27%
Tech-7.70%
Software-9.21%
Application Software-6.54%
Systems Software-10.43%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.3x.
    • Analysts expect its future annual earnings growth (19.5%) 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
WAS Waskozł4.1515.3%
+zł50.2m		167.7%PE22.9x
CLD Cloud Technologieszł78.405.7%
+zł18.9m		78.2%PE57.7x
LSI LSI Softwarezł34.4010.3%
+zł10.4m		121.9%PE12.2x
SKY Stohid Technologyzł1.855.1%
+zł7.1m		25.9%n/a
OPI Optigiszł0.4922.5%
+zł6.0m		14.2%PE21353.8x

Latest News

WAS
zł4.15
Wasko
7D
15.3%
1Y
167.7%
OPI
zł0.49
Optigis
7D
22.5%
1Y
14.2%

Is Optigis (WSE:OPI) A Risky Investment?

Feb 09
Is Optigis (WSE:OPI) A Risky Investment?
IFI
zł32.90
Ifirma
7D
-4.4%
1Y
48.2%
ACP
zł193.80
Asseco Poland
7D
-10.7%
1Y
57.7%

ACP: Higher Required Return And Extraordinary Meeting Will Keep Rich P/E Under Pressure

Analysts have trimmed their fair value estimate for Asseco Poland slightly to about PLN 142.12 from PLN 142.82, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Asseco Poland has scheduled a Special or Extraordinary Shareholders Meeting for February 24, 2026, starting at 13:00 Central European Standard Time (Key Developments).
SHO
zł46.30
Shoper
7D
-9.6%
1Y
18.7%
VRC
zł136.20
Vercom
7D
-6.1%
1Y
19.5%
TXT
zł39.60
Text
7D
-5.9%
1Y
-32.7%
ABS
zł82.40
Asseco Business Solutions
7D
-3.1%
1Y
26.8%
LSI
zł34.40
LSI Software
7D
10.3%
1Y
121.9%

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

Jan 10
Cautious Investors Not Rewarding LSI Software S.A.'s (WSE:LSI) Performance Completely
CLD
zł78.40
Cloud Technologies
7D
5.7%
1Y
78.2%
MAD
zł2.90
Madkom
7D
11.5%
1Y
71.6%
DAT
zł153.48
DataWalk
7D
-8.7%
1Y
143.6%

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
zł0.88
Proacta
7D
-8.5%
1Y
-3.3%
XPL
zł2.46
Xplus
7D
3.4%
1Y
31.2%

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

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
SKY
zł1.85
Stohid Technology
7D
5.1%
1Y
25.9%
BIG
zł49.00
Baseig Spolka Akcyjna
7D
4.5%
1Y
n/a