EPAM Systems, Inc. (EPAM) Valuation — DCF, Graham & Comparables

EPAM Systems, Inc. (EPAM) — Price $140.51 (closing price, October 30, 2026) — Technology — Information Technology Services — NYSE

Latest reported results:

Valuation dashboard for EPAM Systems, Inc. (EPAM) with P/E 19.04, P/B 2.09, EV/EBITDA 8.95 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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.

Analysis Summary

EPAM Systems, Inc. reported revenue of $5.46B in the most recent fiscal year, growing at a 5-year CAGR of 15.5%. Net income reached $377.7M, with a 2.9% 5-year CAGR.

Trailing-twelve-month margins: gross margin 28.3%, operating margin 10.3%, net margin 7.2%.

At $140.51 (closing price, October 30, 2026), EPAM trades at a P/E of 19.04 and an ROE of 11.19%. Market capitalisation stands at $7.2B.

Balance sheet quality for EPAM: current ratio of 2.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio19.04
Price / Book2.09
EV / EBITDA8.95
Dividend Yield0.00%

Valuation Models

DCF Fair Value$153.38
vs Current Price+9.2%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
EPAMEPAM Systems, Inc.$7.2B19.042.0911.2%
AMKRAmkor Technology, Inc.$9.8B22.972.1513.4%
JKHYJack Henry & Associates, Inc.$11.3B23.155.6123.5%
AURAurora Innovation, Inc.$7.4B5.62-47.5%
APLDApplied Digital Corp.$5.4B2.98-28.0%
DOXAmdocs Limited$6.8B14.962.0013.5%
OTEXOpen Text Corporation$6.5B5.901.6028.3%
EXLSExlService Holdings, Inc.$6.2B26.066.8129.9%

Price

Price$140.51 (closing price, October 30, 2026)
Market Cap$7.2B
ExchangeNYSE
CountryUS

Profitability

Return on Equity11.19%
Return on Invested Capital11.07%
Return on Assets8.78%
Gross Margin28.33%
Operating Margin10.26%
Net Margin7.15%

Related companies: AMKR · JKHY · AUR · APLD · DOX · OTEX · EXLS · DLB

Explore sector: Technology · Information Technology Services

More sections of EPAM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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