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Polish (WIG) Software Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies35
  • 7D-2.2%
  • 3M4.0%
  • 1Y70.5%
  • YTD0.2%

Over the last 7 days, the Software industry has dropped 1.5%, driven by a pullback from Asseco Poland of 4.3%. In contrast, Vercom has gained 5.3%. This takes the industry's 12 month performance to a gain of 73%. 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, 19 Jan 2026zł27.2bzł21.8bzł1.0b23.8x26.6x1.2x
Wed, 17 Dec 2025zł25.6bzł21.7bzł1.0b18x25x1.2x
Fri, 14 Nov 2025zł24.2bzł21.2bzł996.1m17.5x24.3x1.1x
Sun, 12 Oct 2025zł24.8bzł21.2bzł986.8m18.9x25.2x1.2x
Tue, 09 Sep 2025zł25.5bzł21.2bzł978.9m21.7x26x1.2x
Thu, 07 Aug 2025zł24.4bzł20.8bzł1.0b21.3x24.1x1.2x
Sat, 05 Jul 2025zł25.7bzł20.8bzł1.0b22.2x25.3x1.2x
Mon, 02 Jun 2025zł22.6bzł20.8bzł1.0b19.3x22.2x1.1x
Wed, 30 Apr 2025zł20.4bzł20.4bzł991.2m16.8x20.6x1x
Fri, 28 Mar 2025zł20.4bzł20.1bzł924.9m18.2x22x1x
Sun, 23 Feb 2025zł18.8bzł20.0bzł920.8m18.5x20.5x0.9x
Tue, 21 Jan 2025zł15.7bzł20.1bzł926.9m15.7x16.9x0.8x
Thu, 19 Dec 2024zł15.6bzł20.1bzł927.0m14.1x16.8x0.8x
Sat, 16 Nov 2024zł14.9bzł19.8bzł865.9m17.2x17.2x0.8x
Mon, 14 Oct 2024zł15.0bzł19.8bzł861.4m14.4x17.4x0.8x
Wed, 11 Sep 2024zł15.7bzł19.7bzł844.0m18.3x18.6x0.8x
Fri, 09 Aug 2024zł15.0bzł19.7bzł913.2m19x16.4x0.8x
Sun, 07 Jul 2024zł15.7bzł19.7bzł909.8m20x17.3x0.8x
Tue, 04 Jun 2024zł15.8bzł19.7bzł941.4m17.7x16.8x0.8x
Thu, 02 May 2024zł15.7bzł19.8bzł880.1m21x17.8x0.8x
Sat, 30 Mar 2024zł15.2bzł19.8bzł852.8m24.2x17.9x0.8x
Mon, 26 Feb 2024zł14.4bzł20.1bzł837.9m22.8x17.2x0.7x
Wed, 24 Jan 2024zł15.2bzł20.0bzł831.1m27x18.2x0.8x
Fri, 22 Dec 2023zł15.7bzł20.0bzł818.4m26.2x19.1x0.8x
Sun, 19 Nov 2023zł16.1bzł20.5bzł839.8m21.5x19.1x0.8x
Tue, 17 Oct 2023zł15.9bzł20.4bzł816.5m23x19.4x0.8x
Thu, 14 Sep 2023zł16.6bzł20.5bzł777.9m23x21.3x0.8x
Sat, 12 Aug 2023zł16.6bzł20.4bzł771.6m20.8x21.5x0.8x
Mon, 10 Jul 2023zł16.7bzł20.3bzł752.3m23.1x22.2x0.8x
Wed, 07 Jun 2023zł16.6bzł20.3bzł735.8m20.8x22.5x0.8x
Fri, 05 May 2023zł16.7bzł19.9bzł705.7m23.6x23.6x0.8x
Sun, 02 Apr 2023zł15.2bzł19.5bzł704.3m20x21.6x0.8x
Tue, 28 Feb 2023zł15.5bzł19.5bzł679.6m23.6x22.8x0.8x
Thu, 26 Jan 2023zł14.2bzł19.4bzł686.6m15.1x20.7x0.7x
Price to Earnings Ratio

20.7x


Total Market Cap: zł14.2bTotal Earnings: zł686.6mTotal Revenue: zł19.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Polish Software Industry Price to Earnings3Y Average 20.5x202420252026
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 26.3x which is higher than its 3-year average PE of 20.5x.
  • 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-0.48%
Tech-1.26%
Software-2.17%
Application Software0.60%
Systems Software-3.33%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.9x.
    • 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?

CompanyLast Price7D1YValuation
DAT DataWalkzł151.048.7%
+zł76.9m		148.0%PS24x
VRC Vercomzł138.800.9%
+zł26.4m		13.8%PE34.9x
SVRS Silvairzł8.6010.3%
+zł14.0m		132.4%PE55.1x
BIG Baseig Spolka Akcyjnazł50.0022.0%
+zł12.5m		n/an/a
WPR Woodpecker.cozł4.8871.8%
+zł10.2m		22.0%n/a

Latest News

SVRS
zł8.60
Silvair
7D
10.3%
1Y
132.4%

Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital

Jan 13
Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital
ACP
zł224.40
Asseco Poland
7D
-4.1%
1Y
132.2%

ACP: Stable Assumptions And High Multiple Will Likely Sustain Overvaluation

Analysts have made a small downward adjustment to their price target for Asseco Poland, now set at approximately zł142.82. This reflects slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E.
WAS
zł2.94
Wasko
7D
1.4%
1Y
94.1%
CLD
zł76.40
Cloud Technologies
7D
-1.0%
1Y
78.9%
QNT
zł38.20
Quantum software
7D
-8.6%
1Y
106.5%

Quantum software S.A. (WSE:QNT) Stock Rockets 33% But Many Are Still Ignoring The Company

Jan 03
Quantum software S.A. (WSE:QNT) Stock Rockets 33% But Many Are Still Ignoring The Company
IFI
zł35.85
Ifirma
7D
4.1%
1Y
56.6%
DAT
zł151.04
DataWalk
7D
8.7%
1Y
148.0%

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%
VRC
zł138.80
Vercom
7D
0.9%
1Y
13.8%

We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger

Dec 20
We Think Vercom (WSE:VRC) Might Have The DNA Of A Multi-Bagger
PAC
zł1.22
Proacta
7D
-10.3%
1Y
65.8%
TXT
zł41.96
Text
7D
-0.6%
1Y
-24.4%
ALL
zł15.90
Ailleron
7D
-2.2%
1Y
-28.2%
WPR
zł4.88
Woodpecker.co
7D
71.8%
1Y
22.0%
SKY
zł1.78
Stohid Technology
7D
2.9%
1Y
18.7%
BIG
zł50.00
Baseig Spolka Akcyjna
7D
22.0%
1Y
n/a
SHO
zł54.60
Shoper
7D
-3.5%
1Y
39.3%
ABS
zł86.00
Asseco Business Solutions
7D
-0.2%
1Y
43.3%