EPAM Systems, Inc. (EPAM) is a publicly traded company in the Technology — Information Technology Services industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems.
Is EPAM Systems, Inc. stock overvalued or undervalued in 2026?
EPAM Systems, Inc. (EPAM) trades at 19.0× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (39.7×) $293 (+108 %); at its sector median (32.0×) $236 (+68 %).
Kaplio overview: EPAM Systems, Inc.
Market cap $7B · 52 weeks $76 – $221 (39 % below the high) · P/E 19.0× · 2027 expected P/E 10.0× · Dividend none · Next earnings November 5, 2026 · expected EPS $3.41 · Closing price, Oct 30 · accounts published Aug 6.
- Valuation: P/E 19.0× (cheap).
- Business: ROIC 11 % (fair).
- Balance sheet: Net cash/EBITDA 1.8× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (39.7×) $293 (+108 %); at its sector median (32.0×) $236 (+68 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 3 of 7 pass
- 3y revenue growth 5.1 %, fails.
- Gross margin 26.5 %, fails.
- FCF / Revenue 11.2 %, fails.
- ROIC 11.1 %, fails.
- SBC / Revenue 3.2 %, passes.
- Net debt / EBITDA −1.8×, passes.
- EV/EBITDA vs own 5y 8.9×, passes.
Against its peers (reference peers) — EPAM Systems, Inc.: P/E 19.0×; EV/EBITDA 8.9×; ROIC 11.1 %; $7.2B. Genpact Limited (P/E 11.8×; EV/EBITDA 8.4×; ROIC 13.7 %; $6.7B), ExlService Holdings, Inc. (P/E 26.1×; EV/EBITDA 15.2×; ROIC 16.1 %; $6.2B), Jack Henry & Associates, Inc. (P/E 23.1×; EV/EBITDA 12.9×; ROIC 18.8 %; $11.3B).
Expensive or cheap against its last ten years?
P/E at each close: today 19.0× · median 39.7× · minimum 10.4× · maximum 120× · cheap below 33.1× · expensive above 56.0×. It has been cheaper than today only 9% of the time over its last ten years.
Profitability
| Return on Equity | 11.19% |
| Return on Invested Capital | 11.07% |
| Return on Assets | 8.78% |
| Gross Margin | 28.33% |
| Operating Margin | 10.26% |
| Net Margin | 7.15% |
Financial Health
| Debt / Equity | 0.04 |
| Current Ratio | 2.75 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 8.10 |
Price Performance
| 1 month | +17.80% |
| 3 months | +27.61% |
| Year-to-date | -34.25% |
| 1 year | -17.63% |
| 3 years | -37.83% |
| 5 years | -79.58% |
| 10 years | +110.50% |
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Explore sector: Technology · Information Technology Services
More sections of EPAM: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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