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- 7D0.5%
- 3M-17.8%
- 1Y19.8%
- YTD-15.8%
The Software is pretty flat in the last 7 days, but Vercom has stood out, gaining 6.2%. As for the the longer term, the industry is up 20% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 12 Apr 2026 | zł26.0b | zł20.1b | zł1.1b | 19.6x | 24.5x | 1.3x |
| Tue, 10 Mar 2026 | zł23.6b | zł21.8b | zł1.1b | 21x | 22.4x | 1.1x |
| Thu, 05 Feb 2026 | zł24.8b | zł21.8b | zł1.0b | 22.4x | 24.2x | 1.1x |
| Sat, 03 Jan 2026 | zł26.9b | zł21.7b | zł1.0b | 25.1x | 26.2x | 1.2x |
| Mon, 01 Dec 2025 | zł23.8b | zł21.1b | zł987.7m | 13.4x | 24.1x | 1.1x |
| Wed, 29 Oct 2025 | zł26.7b | zł21.2b | zł986.7m | 18.3x | 27.1x | 1.3x |
| Fri, 26 Sep 2025 | zł24.6b | zł21.2b | zł980.9m | 15.8x | 25.1x | 1.2x |
| Sun, 24 Aug 2025 | zł23.3b | zł20.8b | zł1.0b | 20.7x | 23.1x | 1.1x |
| Tue, 22 Jul 2025 | zł25.5b | zł20.9b | zł974.2m | 22.8x | 26.2x | 1.2x |
| Thu, 19 Jun 2025 | zł22.4b | zł20.8b | zł1.0b | 19.6x | 22x | 1.1x |
| Sat, 17 May 2025 | zł22.1b | zł20.4b | zł997.8m | 18.1x | 22.2x | 1.1x |
| Mon, 14 Apr 2025 | zł18.8b | zł20.4b | zł985.3m | 16.8x | 19.1x | 0.9x |
| Wed, 12 Mar 2025 | zł18.8b | zł20.1b | zł932.6m | 18.6x | 20.2x | 0.9x |
| Fri, 07 Feb 2025 | zł17.4b | zł20.1b | zł927.0m | 16.7x | 18.8x | 0.9x |
| Sun, 05 Jan 2025 | zł16.3b | zł20.1b | zł926.9m | 15.6x | 17.6x | 0.8x |
| Tue, 03 Dec 2024 | zł15.3b | zł20.1b | zł926.9m | 16x | 16.5x | 0.8x |
| Thu, 31 Oct 2024 | zł15.1b | zł19.8b | zł863.2m | 15.9x | 17.5x | 0.8x |
| Sat, 28 Sep 2024 | zł15.9b | zł19.8b | zł862.8m | 16.6x | 18.4x | 0.8x |
| Mon, 26 Aug 2024 | zł15.6b | zł19.7b | zł910.0m | 18.9x | 17.2x | 0.8x |
| Wed, 24 Jul 2024 | zł15.5b | zł19.7b | zł909.8m | 18.7x | 17x | 0.8x |
| Fri, 21 Jun 2024 | zł15.4b | zł19.7b | zł942.0m | 20.7x | 16.4x | 0.8x |
| Sun, 19 May 2024 | zł16.1b | zł19.8b | zł915.4m | 21x | 17.6x | 0.8x |
| Tue, 16 Apr 2024 | zł15.5b | zł19.8b | zł878.9m | 22.2x | 17.6x | 0.8x |
| Thu, 14 Mar 2024 | zł15.0b | zł20.2b | zł843.1m | 25.4x | 17.8x | 0.7x |
| Sat, 10 Feb 2024 | zł15.3b | zł20.0b | zł830.9m | 24.7x | 18.4x | 0.8x |
| Mon, 08 Jan 2024 | zł15.4b | zł20.0b | zł831.1m | 25.7x | 18.6x | 0.8x |
| Wed, 06 Dec 2023 | zł15.8b | zł20.0b | zł815.9m | 24.9x | 19.3x | 0.8x |
| Fri, 03 Nov 2023 | zł16.3b | zł20.4b | zł823.4m | 23.4x | 19.8x | 0.8x |
| Sun, 01 Oct 2023 | zł16.0b | zł20.4b | zł813.6m | 22.3x | 19.7x | 0.8x |
| Tue, 29 Aug 2023 | zł16.0b | zł20.4b | zł763.3m | 22.9x | 20.9x | 0.8x |
| Thu, 27 Jul 2023 | zł16.9b | zł20.3b | zł754.3m | 21.8x | 22.4x | 0.8x |
| Sat, 24 Jun 2023 | zł15.9b | zł20.3b | zł732.9m | 20.4x | 21.7x | 0.8x |
| Mon, 22 May 2023 | zł17.1b | zł19.9b | zł716.0m | 22.2x | 23.9x | 0.9x |
| Wed, 19 Apr 2023 | zł16.1b | zł19.5b | zł684.3m | 22.8x | 23.5x | 0.8x |
Price to Earnings Ratio
23.5x
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 24.5x which is higher than its 3-year average PE of 20.6x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 16% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Polish Tech industry?
| PL Market | 4.34% | |
| Tech | 1.59% | |
| Software | 0.52% | |
| Application Software | 3.03% | |
| Systems Software | -0.55% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 30.8x.
- Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings decline of 10.5% 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 17.4x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| VRC Vercom | zł123.20 | 6.2% +zł158.2m | 13.9% | PE30.9x | |
| XPL Xplus | zł2.66 | 36.4% +zł49.4m | -14.2% | PE26.4x | |
| EUV Euvic | zł21.60 | 6.9% +zł49.2m | 23.4% | n/a | |
| PAC Proacta | zł0.91 | 11.5% +zł10.9m | 8.8% | PS16.2x | |
| DAT DataWalk | zł149.60 | 0.7% +zł7.4m | 107.4% | PS26.6x |
