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Polish (WIG) Software Industry Analysis
UpdatedJan 26, 2026
DataAggregated Company Financials
Companies35
- 7D1.0%
- 3M-0.6%
- 1Y62.8%
- YTD-1.0%
Over the last 7 days, the Software industry has dropped 1.2%, driven by Asseco Poland declining 2.1%. In contrast, Wasko has gained 39%. This takes the industry's 12 month performance to a gain of 63%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Polish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 26 Jan 2026 | zł26.8b | zł21.8b | zł1.0b | 24.1x | 26.2x | 1.2x |
| Wed, 24 Dec 2025 | zł26.1b | zł21.7b | zł1.0b | 23.1x | 25.4x | 1.2x |
| Fri, 21 Nov 2025 | zł23.3b | zł21.2b | zł996.5m | 12.8x | 23.4x | 1.1x |
| Sun, 19 Oct 2025 | zł25.5b | zł21.2b | zł986.7m | 18.6x | 25.8x | 1.2x |
| Tue, 16 Sep 2025 | zł25.6b | zł21.2b | zł982.2m | 17.5x | 26.1x | 1.2x |
| Thu, 14 Aug 2025 | zł23.0b | zł20.8b | zł1.0b | 21.6x | 22.6x | 1.1x |
| Sat, 12 Jul 2025 | zł24.8b | zł20.8b | zł1.0b | 21.9x | 24.4x | 1.2x |
| Mon, 09 Jun 2025 | zł22.6b | zł20.8b | zł1.0b | 19.7x | 22.2x | 1.1x |
| Wed, 07 May 2025 | zł20.9b | zł20.4b | zł995.7m | 18.6x | 21x | 1x |
| Fri, 04 Apr 2025 | zł20.2b | zł20.4b | zł940.7m | 17.7x | 21.4x | 1x |
| Sun, 02 Mar 2025 | zł19.0b | zł20.0b | zł926.1m | 17.6x | 20.5x | 0.9x |
| Tue, 28 Jan 2025 | zł16.2b | zł20.1b | zł927.0m | 15.6x | 17.5x | 0.8x |
| Thu, 26 Dec 2024 | zł15.7b | zł20.1b | zł926.9m | 14x | 16.9x | 0.8x |
| Sat, 23 Nov 2024 | zł14.6b | zł19.9b | zł894.9m | 16.6x | 16.4x | 0.7x |
| Mon, 21 Oct 2024 | zł15.4b | zł19.8b | zł861.3m | 14.4x | 17.9x | 0.8x |
| Wed, 18 Sep 2024 | zł15.5b | zł19.8b | zł857.4m | 16.7x | 18.1x | 0.8x |
| Fri, 16 Aug 2024 | zł15.2b | zł19.7b | zł915.3m | 20.5x | 16.6x | 0.8x |
| Sun, 14 Jul 2024 | zł15.7b | zł19.7b | zł909.9m | 19.4x | 17.2x | 0.8x |
| Tue, 11 Jun 2024 | zł15.8b | zł19.7b | zł942.6m | 20.5x | 16.8x | 0.8x |
| Thu, 09 May 2024 | zł15.9b | zł19.8b | zł880.6m | 19.9x | 18.1x | 0.8x |
| Sat, 06 Apr 2024 | zł15.7b | zł19.8b | zł867.1m | 24x | 18.1x | 0.8x |
| Mon, 04 Mar 2024 | zł14.7b | zł20.2b | zł843.1m | 23x | 17.4x | 0.7x |
| Wed, 31 Jan 2024 | zł15.3b | zł20.0b | zł831.1m | 27.5x | 18.4x | 0.8x |
| Fri, 29 Dec 2023 | zł15.7b | zł20.0b | zł831.0m | 26.9x | 18.9x | 0.8x |
| Sun, 26 Nov 2023 | zł15.7b | zł20.4b | zł829.5m | 22.7x | 18.9x | 0.8x |
| Tue, 24 Oct 2023 | zł15.5b | zł20.4b | zł816.6m | 23.4x | 18.9x | 0.8x |
| Thu, 21 Sep 2023 | zł16.5b | zł20.4b | zł764.0m | 21.6x | 21.6x | 0.8x |
| Sat, 19 Aug 2023 | zł16.2b | zł20.4b | zł772.2m | 25x | 21x | 0.8x |
| Mon, 17 Jul 2023 | zł17.2b | zł20.3b | zł754.9m | 22.8x | 22.8x | 0.8x |
| Wed, 14 Jun 2023 | zł16.2b | zł20.3b | zł738.0m | 18.7x | 22x | 0.8x |
| Fri, 12 May 2023 | zł17.0b | zł19.9b | zł708.5m | 24.9x | 24x | 0.9x |
| Sun, 09 Apr 2023 | zł15.1b | zł19.6b | zł705.4m | 20.3x | 21.5x | 0.8x |
| Tue, 07 Mar 2023 | zł15.8b | zł19.5b | zł698.8m | 22.6x | 22.6x | 0.8x |
| Thu, 02 Feb 2023 | zł14.6b | zł19.4b | zł686.7m | 14.9x | 21.3x | 0.8x |
Price to Earnings Ratio
21.3x
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 26.2x which is higher than its 3-year average PE of 20.6x.
- The 3-year average PS ratio of 0.94x 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 Market | 1.08% | |
| Tech | 0.21% | |
| Software | 1.04% | |
| Systems Software | 1.70% | |
| Application Software | -0.44% | |
Industry PE
- Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.7x.
- Analysts expect its future annual earnings growth (19.2%) 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 17.0x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 19% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ACP Asseco Poland | zł219.60 | 2.0% +zł300.0m | 110.1% | PE24.6x | |
| TXT Text | zł43.86 | 3.3% +zł36.1m | -23.7% | PE8.2x | |
| WAS Wasko | zł4.09 | 9.1% +zł31.0m | 166.4% | PE22.6x | |
| VRC Vercom | zł138.00 | 0.6% +zł17.6m | 16.0% | PE34.7x | |
| IFI Ifirma | zł35.80 | 5.3% +zł11.5m | 57.0% | PE16.6x |
