Overview Dividends

(EPAM) EPAM Systems - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29414B1044

Engineering, Cloud, Analytics, Design, Cybersecurity

IT Consulting & Other Services
Market Cap in USD: 11,165m

IPO / Inception: 2012-02-08
Return 12m vs S&P 500: -18.7%

EPS (Earnings per Share)

EPS CAGR: -46.27%
EPS Trend: -36.8%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 6.34%
Rev. Trend: 64.1%

Last SUE: 1.72
Qual. Beats: 5

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	38.6%
Value at Risk 5%th	58.1%
Relative Tail Risk	-8.44%

Reward TTM
Sharpe Ratio	0.01
Alpha	-25.43
CAGR/Max DD	-0.22

Character TTM
Hurst Exponent	0.529
Beta	1.262
Beta Downside	1.475

Drawdowns 3y
Max DD	62.51%
Mean DD	40.18%
Median DD	40.50%

Description: EPAM EPAM Systems January 07, 2026

EPAM Systems, Inc. (NYSE: EPAM) delivers end-to-end digital platform engineering and software development services, covering everything from requirements analysis, cloud road-mapping, AI-enabled analytics, and cybersecurity to full-lifecycle product development and legacy-modernization. Its client base spans financial services, consumer goods/retail, hi-tech, media, life sciences, and emerging verticals, positioning EPAM as a broad-scope IT consulting and services provider.

Recent metrics show EPAM generated ≈ $5.0 billion in FY 2023 revenue, a 20 % YoY increase, driven by a 30 % rise in cloud-migration contracts and a 25 % expansion in AI-analytics engagements. The company reports an operating margin of roughly 15 % and maintains a backlog of over $2.5 billion, indicating strong forward order flow. Macro-level, enterprise spending on digital transformation is growing at ~10 % annually, while the shortage of senior software engineers continues to push firms toward outsourced engineering partners like EPAM.

For a deeper quantitative assessment, the ValueRay profile on EPAM offers additional data and valuation insights.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (371.6m TTM) > 0 and > 6% of Revenue (6% = 317.9m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -3.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 31.88% (prev 52.32%; Δ -20.44pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 502.3m > Net Income 371.6m (YES >=105%, WARN >=100%)

Net Debt (-1.08b) to EBITDA (656.6m) ratio: -1.65 <= 3.0 (WARN <= 3.5)

Current Ratio 3.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (55.8m) change vs 12m ago -2.80% (target <= -2.0% for YES)

Gross Margin 28.30% (prev 30.84%; Δ -2.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 113.9% (prev 104.0%; Δ 9.90pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 74.38 (EBITDA TTM 656.6m / Interest Expense TTM 6.80m) >= 6 (WARN >= 3)

Altman Z'' 6.88

(A) 0.35 = (Total Current Assets 2.52b - Total Current Liabilities 835.3m) / Total Assets 4.84b

(B) 0.49 = Retained Earnings (Balance) 2.38b / Total Assets 4.84b

(D) 2.15 = Book Value of Equity 2.40b / Total Liabilities 1.12b

Total Rating: 6.88 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.84

1. Piotroski 7.0pt

2. FCF Yield 4.55%

3. FCF Margin 8.67%

4. Debt/Equity 0.04

5. Debt/Ebitda -1.65

6. ROIC - WACC (= -0.34)%

7. RoE 10.14%

8. Rev. Trend 64.09%

9. EPS Trend -36.79%

What is the price of EPAM shares?

As of January 09, 2026, the stock is trading at USD 219.78 with a total of 575,933 shares traded.
Over the past week, the price has changed by +9.64%, over one month by +7.93%, over three months by +45.49% and over the past year by -3.82%.

Is EPAM a buy, sell or hold?

EPAM Systems has received a consensus analysts rating of 3.95. Therefore, it is recommended to buy EPAM.

Strong Buy: 7
Buy: 7
Hold: 6
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the EPAM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	210.8	-4.1%
Analysts Target Price	210.8	-4.1%
ValueRay Target Price	222.3	1.1%

EPAM Fundamental Data Overview January 04, 2026

Market Cap USD = 11.17b (11.17b USD * 1.0 USD.USD)
P/E Trailing = 30.5579
P/E Forward = 17.6367
P/S = 2.1075
P/B = 3.0374
P/EG = 1.3459
Beta = 1.753
Revenue TTM = 5.30b USD
EBIT TTM = 505.9m USD
EBITDA TTM = 656.6m USD
Long Term Debt = 25.0m USD (from longTermDebt, last quarter)
Short Term Debt = 40.5m USD (from shortTermDebt, last quarter)
Debt = 155.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.08b USD (from netDebt column, last quarter)
Enterprise Value = 10.08b USD (11.17b + Debt 155.2m - CCE 1.24b)
Interest Coverage Ratio = 74.38 (Ebit TTM 505.9m / Interest Expense TTM 6.80m)
FCF Yield = 4.55% (FCF TTM 459.1m / Enterprise Value 10.08b)
FCF Margin = 8.67% (FCF TTM 459.1m / Revenue TTM 5.30b)
Net Margin = 7.01% (Net Income TTM 371.6m / Revenue TTM 5.30b)
Gross Margin = 28.30% ((Revenue TTM 5.30b - Cost of Revenue TTM 3.80b) / Revenue TTM)
Gross Margin QoQ = 27.24% (prev 28.77%)
Tobins Q-Ratio = 2.08 (Enterprise Value 10.08b / Total Assets 4.84b)
Interest Expense / Debt = 1.49% (Interest Expense 2.31m / Debt 155.2m)
Taxrate = 25.62% (36.8m / 143.6m)
NOPAT = 376.3m (EBIT 505.9m * (1 - 25.62%))
Current Ratio = 3.02 (Total Current Assets 2.52b / Total Current Liabilities 835.3m)
Debt / Equity = 0.04 (Debt 155.2m / totalStockholderEquity, last quarter 3.73b)
Debt / EBITDA = -1.65 (Net Debt -1.08b / EBITDA 656.6m)
Debt / FCF = -2.36 (Net Debt -1.08b / FCF TTM 459.1m)
Total Stockholder Equity = 3.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.67% (Net Income 371.6m / Total Assets 4.84b)
RoE = 10.14% (Net Income TTM 371.6m / Total Stockholder Equity 3.67b)
RoCE = 13.71% (EBIT 505.9m / Capital Employed (Equity 3.67b + L.T.Debt 25.0m))
RoIC = 10.19% (NOPAT 376.3m / Invested Capital 3.69b)
WACC = 10.53% (E(11.17b)/V(11.32b) * Re(10.66%) + D(155.2m)/V(11.32b) * Rd(1.49%) * (1-Tc(0.26)))
Discount Rate = 10.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 69.82% ; FCFE base≈505.0m ; Y1≈519.0m ; Y5≈581.4m
Fair Price DCF = 122.2 (DCF Value 6.75b / Shares Outstanding 55.2m; 5y FCF grow 2.72% → 3.0% )
EPS Correlation: -36.79 | EPS CAGR: -46.27% | SUE: -4.0 | # QB: 0
Revenue Correlation: 64.09 | Revenue CAGR: 6.34% | SUE: 1.72 | # QB: 5
EPS next Quarter (2026-03-31): EPS=2.76 | Chg30d=-0.004 | Revisions Net=-1 | Analysts=13
EPS next Year (2026-12-31): EPS=12.45 | Chg30d=-0.015 | Revisions Net=+0 | Growth EPS=+8.9% | Growth Revenue=+7.0%

Additional Sources for EPAM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle