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Polish (WIG) Software Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies35
  • 7D0.5%
  • 3M4.2%
  • 1Y69.9%
  • YTD0.8%

The Software is pretty flat in the last 7 days, but Wasko has stood out, gaining 43%. The past year has been better, since the industry has gained 70% in that time. 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
Fri, 23 Jan 2026zł27.3bzł21.8bzł1.0b24.1x26.7x1.3x
Sun, 21 Dec 2025zł25.5bzł21.7bzł1.0b22.5x24.9x1.2x
Tue, 18 Nov 2025zł23.7bzł21.2bzł996.1m17.5x23.8x1.1x
Thu, 16 Oct 2025zł25.9bzł21.2bzł986.8m18.3x26.3x1.2x
Sat, 13 Sep 2025zł25.5bzł21.2bzł977.4m21.6x26.1x1.2x
Mon, 11 Aug 2025zł23.7bzł20.8bzł1.0b21.4x23.4x1.1x
Wed, 09 Jul 2025zł25.5bzł20.8bzł1.0b21.8x25.1x1.2x
Fri, 06 Jun 2025zł22.7bzł20.8bzł1.0b19.6x22.3x1.1x
Sun, 04 May 2025zł21.0bzł20.4bzł991.2m19.9x21.1x1x
Tue, 01 Apr 2025zł20.2bzł20.4bzł935.9m18x21.6x1x
Thu, 27 Feb 2025zł19.1bzł20.0bzł922.5m18.7x20.7x1x
Sat, 25 Jan 2025zł16.2bzł20.1bzł927.0m15.5x17.5x0.8x
Mon, 23 Dec 2024zł15.6bzł20.1bzł926.9m14.1x16.8x0.8x
Wed, 20 Nov 2024zł14.6bzł19.9bzł892.9m17x16.4x0.7x
Fri, 18 Oct 2024zł15.1bzł19.8bzł861.3m14.6x17.6x0.8x
Sun, 15 Sep 2024zł15.5bzł19.8bzł855.1m16.2x18.1x0.8x
Tue, 13 Aug 2024zł14.9bzł19.7bzł915.2m21.2x16.3x0.8x
Thu, 11 Jul 2024zł15.5bzł19.7bzł909.8m19.4x17.1x0.8x
Sat, 08 Jun 2024zł15.8bzł19.7bzł939.7m20.2x16.8x0.8x
Mon, 06 May 2024zł15.6bzł19.8bzł880.6m19.9x17.7x0.8x
Wed, 03 Apr 2024zł15.5bzł19.8bzł867.2m24.3x17.8x0.8x
Fri, 01 Mar 2024zł14.6bzł20.2bzł846.1m22.9x17.3x0.7x
Sun, 28 Jan 2024zł15.2bzł20.0bzł831.1m26.8x18.3x0.8x
Tue, 26 Dec 2023zł15.7bzł20.0bzł831.0m26x18.9x0.8x
Thu, 23 Nov 2023zł16.1bzł20.4bzł838.3m22x19.2x0.8x
Sat, 21 Oct 2023zł15.7bzł20.4bzł816.6m23x19.2x0.8x
Mon, 18 Sep 2023zł16.4bzł20.5bzł778.1m22.9x21x0.8x
Wed, 16 Aug 2023zł16.6bzł20.4bzł770.9m22.6x21.5x0.8x
Fri, 14 Jul 2023zł17.0bzł20.3bzł754.9m22.3x22.5x0.8x
Sun, 11 Jun 2023zł16.6bzł20.3bzł738.1m20.7x22.4x0.8x
Tue, 09 May 2023zł16.7bzł19.9bzł708.4m23.6x23.5x0.8x
Thu, 06 Apr 2023zł15.3bzł19.5bzł704.4m19.9x21.8x0.8x
Sat, 04 Mar 2023zł15.5bzł19.5bzł680.6m23.1x22.8x0.8x
Mon, 30 Jan 2023zł14.4bzł19.4bzł686.6m14.9x21x0.7x
Price to Earnings Ratio

21x


Total Market Cap: zł14.4bTotal 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 26.7x 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 1.3x.
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 Market1.30%
Tech0.36%
Software0.49%
Systems Software0.84%
Application Software-0.32%
Industry PE
  • Investors are most optimistic about the Application Software industry, which is trading close to its 3-year average PE ratio of 32.8x.
    • Analysts expect its future annual earnings growth (19.3%) 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
WAS Waskozł4.1842.7%
+zł114.0m		175.9%PE23.1x
ABS Asseco Business Solutionszł87.601.9%
+zł52.8m		48.0%PE23.3x
TXT Textzł42.901.6%
+zł17.0m		-24.1%PE8x
BIG Baseig Spolka Akcyjnazł55.4518.2%
+zł11.8m		n/an/a
DAT DataWalkzł145.401.0%
+zł8.9m		144.0%PS23.1x

Latest News

WAS
zł4.18
Wasko
7D
42.7%
1Y
175.9%
ALL
zł15.80
Ailleron
7D
-1.3%
1Y
-32.5%
SHO
zł52.80
Shoper
7D
-3.3%
1Y
43.9%
ACP
zł224.80
Asseco Poland
7D
-0.09%
1Y
123.2%

We Like These Underlying Return On Capital Trends At Asseco Poland (WSE:ACP)

Jan 20
We Like These Underlying Return On Capital Trends At Asseco Poland (WSE:ACP)
SVRS
zł8.65
Silvair
7D
5.5%
1Y
140.3%

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

Jan 13
Silvair (WSE:SVRS) Is Experiencing Growth In Returns On Capital
LSI
zł32.40
LSI Software
7D
-1.8%
1Y
107.7%

Cautious Investors Not Rewarding LSI Software S.A.'s (WSE:LSI) Performance Completely

Jan 10
Cautious Investors Not Rewarding LSI Software S.A.'s (WSE:LSI) Performance Completely
CLD
zł74.20
Cloud Technologies
7D
-4.9%
1Y
72.6%
QNT
zł39.20
Quantum software
7D
-3.0%
1Y
111.9%

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
DAT
zł145.40
DataWalk
7D
1.0%
1Y
144.0%

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%
EUV
zł27.20
eo Networks
7D
-4.9%
1Y
23.6%

Further Upside For eo Networks S.A. (WSE:EON) Shares Could Introduce Price Risks After 25% Bounce

Dec 25
Further Upside For eo Networks S.A. (WSE:EON) Shares Could Introduce Price Risks After 25% Bounce
PAC
zł1.07
Proacta
7D
-8.5%
1Y
54.2%
TXT
zł42.90
Text
7D
1.6%
1Y
-24.1%
WPR
zł5.04
Woodpecker.co
7D
30.6%
1Y
31.4%
SKY
zł1.88
Stohid Technology
7D
5.6%
1Y
58.0%
BIG
zł55.45
Baseig Spolka Akcyjna
7D
18.2%
1Y
n/a
ABS
zł87.60
Asseco Business Solutions
7D
1.9%
1Y
48.0%