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

Polish (WIG) Software Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies35
  • 7D-7.0%
  • 3M0.9%
  • 1Y38.3%
  • YTD-9.6%

Over the last 7 days, the Software industry has dropped 7.3%, driven by a pullback from Asseco Poland of 12%. In the past year, the industry has gained 41%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026zł24.5bzł21.8bzł1.0b22.6x24x1.1x
Sun, 04 Jan 2026zł26.9bzł21.7bzł1.0b25.1x26.2x1.2x
Tue, 02 Dec 2025zł23.8bzł21.1bzł985.8m12.5x24.1x1.1x
Thu, 30 Oct 2025zł26.7bzł21.2bzł986.8m18.7x27x1.3x
Sat, 27 Sep 2025zł24.6bzł21.2bzł983.4m17.5x25x1.2x
Mon, 25 Aug 2025zł23.3bzł20.8bzł1.0b20.7x23.1x1.1x
Wed, 23 Jul 2025zł24.5bzł20.8bzł1.0b21.5x24.2x1.2x
Fri, 20 Jun 2025zł22.4bzł20.8bzł1.0b20.7x22.1x1.1x
Sun, 18 May 2025zł22.1bzł20.4bzł995.8m18.8x22.2x1.1x
Tue, 15 Apr 2025zł19.3bzł20.4bzł985.3m16.5x19.6x0.9x
Thu, 13 Mar 2025zł19.0bzł20.1bzł932.6m18.9x20.3x0.9x
Sat, 08 Feb 2025zł17.3bzł20.1bzł927.0m16.1x18.7x0.9x
Mon, 06 Jan 2025zł16.3bzł20.1bzł926.9m15.6x17.6x0.8x
Wed, 04 Dec 2024zł15.2bzł20.1bzł926.9m16x16.4x0.8x
Fri, 01 Nov 2024zł15.1bzł19.8bzł863.2m15.9x17.5x0.8x
Sun, 29 Sep 2024zł15.9bzł19.8bzł862.8m16.6x18.4x0.8x
Tue, 27 Aug 2024zł15.6bzł19.7bzł909.9m18.8x17.1x0.8x
Thu, 25 Jul 2024zł15.5bzł19.7bzł909.8m18.7x17x0.8x
Sat, 22 Jun 2024zł15.6bzł19.7bzł939.7m20.9x16.6x0.8x
Mon, 20 May 2024zł16.1bzł19.8bzł920.2m20.3x17.5x0.8x
Wed, 17 Apr 2024zł15.5bzł19.8bzł879.0m22.2x17.6x0.8x
Fri, 15 Mar 2024zł15.1bzł20.2bzł843.1m25.4x17.9x0.7x
Sun, 11 Feb 2024zł15.3bzł20.1bzł830.5m24.7x18.4x0.8x
Tue, 09 Jan 2024zł15.3bzł20.0bzł831.0m25.8x18.4x0.8x
Thu, 07 Dec 2023zł15.7bzł20.0bzł815.9m25.3x19.2x0.8x
Sat, 04 Nov 2023zł16.3bzł20.4bzł823.5m23.1x19.8x0.8x
Mon, 02 Oct 2023zł16.0bzł20.4bzł813.6m22.3x19.7x0.8x
Wed, 30 Aug 2023zł15.9bzł20.4bzł763.3m22.9x20.9x0.8x
Fri, 28 Jul 2023zł16.9bzł20.3bzł754.3m21.8x22.4x0.8x
Sun, 25 Jun 2023zł15.9bzł20.3bzł732.9m20.4x21.7x0.8x
Tue, 23 May 2023zł17.4bzł19.9bzł715.6m21.5x24.3x0.9x
Thu, 20 Apr 2023zł16.0bzł19.6bzł685.2m20.7x23.3x0.8x
Sat, 18 Mar 2023zł15.3bzł19.5bzł705.7m21.7x21.7x0.8x
Mon, 13 Feb 2023zł15.7bzł19.4bzł686.1m17x22.9x0.8x
Price to Earnings Ratio

22.9x


Total Market Cap: zł15.7bTotal Earnings: zł686.1mTotal Revenue: zł19.4bTotal 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 24.2x 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 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 Market0.28%
Tech-5.87%
Software-6.97%
Application Software-1.71%
Systems Software-9.35%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.4x.
    • Analysts expect its future annual earnings growth (19.5%) 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 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 20% 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
VRC Vercomzł140.203.2%
+zł96.7m		21.4%PE35.2x
WAS Waskozł4.0914.2%
+zł46.5m		162.2%PE22.6x
SKY Stohid Technologyzł1.855.1%
+zł7.1m		25.9%n/a
XPL Xpluszł2.432.5%
+zł4.2m		31.4%PE24.1x
VEE Veezł13.203.5%
+zł748.1k		24.5%PS4.7x

Latest News

SHO
zł48.40
Shoper
7D
-5.8%
1Y
22.8%
ACP
zł188.10
Asseco Poland
7D
-11.6%
1Y
55.1%

Asseco Poland S.A.'s (WSE:ACP) Business Is Trailing The Market But Its Shares Aren't

Feb 05
Asseco Poland S.A.'s (WSE:ACP) Business Is Trailing The Market But Its Shares Aren't
VRC
zł140.20
Vercom
7D
3.2%
1Y
21.4%
TXT
zł40.90
Text
7D
-4.7%
1Y
-29.8%
ABS
zł84.40
Asseco Business Solutions
7D
-2.1%
1Y
31.1%
ALL
zł17.50
Ailleron
7D
-2.6%
1Y
-23.6%

Sentiment Still Eluding Ailleron S.A. (WSE:ALL)

Jan 28
Sentiment Still Eluding Ailleron S.A. (WSE:ALL)
VEE
zł13.20
Vee
7D
3.5%
1Y
24.5%

There's Been No Shortage Of Growth Recently For Vee's (WSE:VEE) Returns On Capital

Jan 23
There's Been No Shortage Of Growth Recently For Vee's (WSE:VEE) Returns On Capital
WAS
zł4.09
Wasko
7D
14.2%
1Y
162.2%
QNT
zł38.00
Quantum software
7D
0.5%
1Y
109.9%

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
MAD
zł2.86
Madkom
7D
2.1%
1Y
58.9%
DAT
zł151.48
DataWalk
7D
-7.4%
1Y
149.1%

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%
PAC
zł0.95
Proacta
7D
-4.6%
1Y
8.0%
XPL
zł2.43
Xplus
7D
2.5%
1Y
31.4%

We Like The Quality Of Xplus' (WSE:XPL) Earnings

Nov 21
We Like The Quality Of Xplus' (WSE:XPL) Earnings
EDL
zł5.75
Editel
7D
1.8%
1Y
59.7%
SKY
zł1.85
Stohid Technology
7D
5.1%
1Y
25.9%
BIG
zł47.69
Baseig Spolka Akcyjna
7D
-6.5%
1Y
n/a