Some Confidence Is Lacking In Asseco Poland S.A.'s (WSE:ACP) P/E
Nov 03
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Polish (WIG) Software Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies35
- 7D-0.7%
- 3M1.4%
- 1Y60.2%
- YTD47.8%
Over the last 7 days, the Software industry has remained flat. As for the the longer term, the industry is up 60% over the past 12 months. Earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Tue, 18 Nov 2025 | zł24.2b | zł21.2b | zł996.1m | 17.5x | 24.3x | 1.1x |
| Thu, 16 Oct 2025 | zł25.9b | zł21.2b | zł986.8m | 18.3x | 26.3x | 1.2x |
| Sat, 13 Sep 2025 | zł25.5b | zł21.2b | zł977.4m | 21.6x | 26.1x | 1.2x |
| Mon, 11 Aug 2025 | zł23.7b | zł20.8b | zł1.0b | 21.4x | 23.4x | 1.1x |
| Wed, 09 Jul 2025 | zł25.5b | zł20.8b | zł1.0b | 21.8x | 25.1x | 1.2x |
| Fri, 06 Jun 2025 | zł22.7b | zł20.8b | zł1.0b | 19.6x | 22.3x | 1.1x |
| Sun, 04 May 2025 | zł21.0b | zł20.4b | zł991.2m | 19.9x | 21.1x | 1x |
| Tue, 01 Apr 2025 | zł20.2b | zł20.4b | zł935.9m | 18x | 21.6x | 1x |
| Thu, 27 Feb 2025 | zł19.1b | zł20.0b | zł922.5m | 18.7x | 20.7x | 1x |
| Sat, 25 Jan 2025 | zł16.2b | zł20.1b | zł927.0m | 15.5x | 17.5x | 0.8x |
| Mon, 23 Dec 2024 | zł15.6b | zł20.1b | zł926.9m | 14.1x | 16.8x | 0.8x |
| Wed, 20 Nov 2024 | zł14.6b | zł19.9b | zł892.9m | 17x | 16.4x | 0.7x |
| Fri, 18 Oct 2024 | zł15.1b | zł19.8b | zł861.3m | 14.6x | 17.6x | 0.8x |
| Sun, 15 Sep 2024 | zł15.5b | zł19.8b | zł855.1m | 16.2x | 18.1x | 0.8x |
| Tue, 13 Aug 2024 | zł14.9b | zł19.7b | zł915.2m | 21.2x | 16.3x | 0.8x |
| Thu, 11 Jul 2024 | zł15.5b | zł19.7b | zł909.8m | 19.4x | 17.1x | 0.8x |
| Sat, 08 Jun 2024 | zł15.8b | zł19.7b | zł939.7m | 20.2x | 16.8x | 0.8x |
| Mon, 06 May 2024 | zł15.6b | zł19.8b | zł880.6m | 19.9x | 17.7x | 0.8x |
| Wed, 03 Apr 2024 | zł15.5b | zł19.8b | zł867.2m | 24.3x | 17.8x | 0.8x |
| Fri, 01 Mar 2024 | zł14.6b | zł20.2b | zł846.1m | 22.9x | 17.3x | 0.7x |
| Sun, 28 Jan 2024 | zł15.2b | zł20.0b | zł831.1m | 26.8x | 18.3x | 0.8x |
| Tue, 26 Dec 2023 | zł15.7b | zł20.0b | zł831.0m | 26x | 18.9x | 0.8x |
| Thu, 23 Nov 2023 | zł16.1b | zł20.4b | zł838.3m | 22x | 19.2x | 0.8x |
| Sat, 21 Oct 2023 | zł15.7b | zł20.4b | zł816.6m | 23x | 19.2x | 0.8x |
| Mon, 18 Sep 2023 | zł16.4b | zł20.5b | zł778.1m | 22.9x | 21x | 0.8x |
| Wed, 16 Aug 2023 | zł16.6b | zł20.4b | zł770.9m | 22.6x | 21.5x | 0.8x |
| Fri, 14 Jul 2023 | zł17.0b | zł20.3b | zł754.9m | 22.3x | 22.5x | 0.8x |
| Sun, 11 Jun 2023 | zł16.6b | zł20.3b | zł738.1m | 20.7x | 22.4x | 0.8x |
| Tue, 09 May 2023 | zł16.7b | zł19.9b | zł708.4m | 23.6x | 23.5x | 0.8x |
| Thu, 06 Apr 2023 | zł15.3b | zł19.5b | zł704.4m | 19.9x | 21.8x | 0.8x |
| Sat, 04 Mar 2023 | zł15.5b | zł19.5b | zł680.6m | 23.1x | 22.8x | 0.8x |
| Mon, 30 Jan 2023 | zł14.4b | zł19.4b | zł686.6m | 14.9x | 21x | 0.7x |
| Wed, 28 Dec 2022 | zł13.5b | zł19.4b | zł685.6m | 16.3x | 19.7x | 0.7x |
| Fri, 25 Nov 2022 | zł13.7b | zł18.4b | zł671.9m | 18.3x | 20.3x | 0.7x |
Price to Earnings Ratio
20.3x
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 24.3x which is higher than its 3-year average PE of 20.2x.
- The 3-year average PS ratio of 0.91x 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 13% per year over the last three years.
- Revenues for these companies have grown 4.9% 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 | -0.047% | |
| Tech | -1.18% | |
| Software | -0.70% | |
| Systems Software | -0.21% | |
| Application Software | -1.83% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 34.8x.
- Analysts expect its future annual earnings growth (18.0%) 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 16.3x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 18% 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 10% 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 | |
|---|---|---|---|---|---|
| SHO Shoper | zł52.20 | 0.8% +zł11.3m | 28.3% | PE33.8x | |
| WAS Wasko | zł1.74 | 3.6% +zł5.5m | 9.5% | PE13.5x | |
| BIG Baseig Spolka Akcyjna | zł26.00 | 13.0% +zł3.9m | n/a | n/a | |
| EON eo Networks | zł30.20 | 4.9% +zł2.6m | 31.3% | PS0.7x | |
| ALL Ailleron | zł15.22 | 1.3% +zł2.5m | -29.4% | PE8.9x |
