Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Polish (WIG) Software Industry Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies35
  • 7D-3.3%
  • 3M-5.9%
  • 1Y15.8%
  • YTD-17.0%

Over the last 7 days, the Software industry has dropped 1.8%, driven by Vercom declining 14%. In the past year, the industry has gained 18%. 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
Fri, 27 Feb 2026zł23.3bzł21.7bzł1.0b24.3x22.7x1.1x
Sun, 25 Jan 2026zł26.8bzł21.8bzł1.0b24.1x26.2x1.2x
Tue, 23 Dec 2025zł25.8bzł21.7bzł1.0b22.5x25.1x1.2x
Thu, 20 Nov 2025zł23.4bzł21.1bzł995.2m14x23.5x1.1x
Sat, 18 Oct 2025zł25.5bzł21.2bzł986.7m18.6x25.8x1.2x
Mon, 15 Sep 2025zł25.5bzł21.2bzł977.4m21.6x26.1x1.2x
Wed, 13 Aug 2025zł22.8bzł20.8bzł1.0b21.1x22.5x1.1x
Fri, 11 Jul 2025zł24.8bzł20.8bzł1.0b21.9x24.4x1.2x
Sun, 08 Jun 2025zł22.6bzł20.8bzł1.0b19.7x22.2x1.1x
Tue, 06 May 2025zł21.0bzł20.4bzł995.5m19.5x21.1x1x
Thu, 03 Apr 2025zł20.3bzł20.4bzł940.7m18.3x21.6x1x
Sat, 01 Mar 2025zł19.1bzł20.0bzł926.2m17.6x20.6x1x
Mon, 27 Jan 2025zł16.2bzł20.1bzł927.0m15.5x17.5x0.8x
Wed, 25 Dec 2024zł15.7bzł20.1bzł926.9m14x16.9x0.8x
Fri, 22 Nov 2024zł14.6bzł19.9bzł894.4m16.2x16.3x0.7x
Sun, 20 Oct 2024zł15.4bzł19.8bzł861.3m14.4x17.9x0.8x
Tue, 17 Sep 2024zł15.5bzł19.8bzł855.1m16.7x18.1x0.8x
Thu, 15 Aug 2024zł15.2bzł19.7bzł915.3m20.5x16.6x0.8x
Sat, 13 Jul 2024zł15.7bzł19.7bzł909.9m19.4x17.2x0.8x
Mon, 10 Jun 2024zł15.8bzł19.7bzł942.6m20.5x16.8x0.8x
Wed, 08 May 2024zł15.8bzł19.8bzł880.6m19.9x17.9x0.8x
Fri, 05 Apr 2024zł15.8bzł19.8bzł867.1m24x18.2x0.8x
Sun, 03 Mar 2024zł14.7bzł20.2bzł843.1m23x17.4x0.7x
Tue, 30 Jan 2024zł15.1bzł20.0bzł831.1m26.9x18.2x0.8x
Thu, 28 Dec 2023zł15.7bzł20.0bzł831.0m26.2x18.9x0.8x
Sat, 25 Nov 2023zł15.7bzł20.4bzł829.0m23.1x18.9x0.8x
Mon, 23 Oct 2023zł15.7bzł20.4bzł816.6m23x19.2x0.8x
Wed, 20 Sep 2023zł16.1bzł20.4bzł763.9m21.8x21.1x0.8x
Fri, 18 Aug 2023zł16.2bzł20.4bzł771.4m24.7x21x0.8x
Sun, 16 Jul 2023zł17.2bzł20.3bzł754.9m22.8x22.8x0.8x
Tue, 13 Jun 2023zł16.5bzł20.3bzł738.1m17.9x22.4x0.8x
Thu, 11 May 2023zł17.1bzł19.9bzł708.4m24.4x24.1x0.9x
Sat, 08 Apr 2023zł15.1bzł19.6bzł705.4m20.3x21.5x0.8x
Mon, 06 Mar 2023zł15.5bzł19.5bzł698.4m21.9x22.2x0.8x
Price to Earnings Ratio

22.2x


Total Market Cap: zł15.5bTotal Earnings: zł698.4mTotal 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 22.8x 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 3.6% 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 Market1.26%
Tech-1.04%
Software-3.25%
Systems Software-2.19%
Application Software-5.22%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 31.8x.
    • Analysts are expecting annual earnings growth of 19.2%, 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
EUV Euviczł24.004.3%
+zł35.1m		n/an/a
WAS Waskozł4.507.9%
+zł30.1m		141.9%PE24.8x
CLD Cloud Technologieszł76.601.6%
+zł5.4m		66.5%PE56.4x
MAD Madkomzł4.0815.3%
+zł2.7m		114.7%PE9x
WPR Woodpecker.cozł4.4012.8%
+zł2.5m		6.8%n/a

Latest News

ABS
zł76.20
Asseco Business Solutions
7D
-4.3%
1Y
11.4%
SUN
zł1.68
Suntech
7D
9.1%
1Y
-32.3%
ACP
zł174.60
Asseco Poland
7D
-1.9%
1Y
25.3%

ACP: Revised Fair Value Assumptions Will Likely Expose Upside Risk

Analysts have revised their fair value estimate for Asseco Poland to PLN 131.00 from PLN 89.12, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, even as some recent research, such as Erste Group's downgrade, has turned more cautious. Analyst Commentary Recent research has taken a more cautious tone on Asseco Poland, even as some valuation models point to a higher fair value estimate of PLN 131.00.
OPI
zł0.43
Optigis
7D
5.3%
1Y
-0.7%
IFI
zł33.50
Ifirma
7D
-5.6%
1Y
30.4%
MAD
zł4.08
Madkom
7D
15.3%
1Y
114.7%
VRC
zł112.60
Vercom
7D
-12.8%
1Y
-9.2%

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
CST
zł2.37
CStore
7D
4.4%
1Y
n/a
WAS
zł4.50
Wasko
7D
7.9%
1Y
141.9%
SHO
zł43.80
Shoper
7D
-1.8%
1Y
5.3%
TXT
zł36.38
Text
7D
-5.1%
1Y
-35.5%
SVRS
zł6.70
Silvair
7D
-8.2%
1Y
163.8%
CLD
zł76.60
Cloud Technologies
7D
1.6%
1Y
66.5%
PAC
zł0.78
Proacta
7D
-18.3%
1Y
-13.6%
WPR
zł4.40
Woodpecker.co
7D
12.8%
1Y
6.8%