(EPAM) EPAM Systems - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US29414B1044
Stock: Engineering, Cloud, Analytics, Design, Cybersecurity
Total Rating 51
Risk 73
Buy Signal 0.32
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 40.3% |
| Relative Tail Risk | -7.68% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.34 |
| Alpha | -37.56 |
| Character TTM | |
|---|---|
| Beta | 1.272 |
| Beta Downside | 1.450 |
| Drawdowns 3y | |
|---|---|
| Max DD | 62.51% |
| CAGR/Max DD | -0.29 |
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) 8.0
| Net Income: 371.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -3.40 > 1.0 |
| NWC/Revenue: 31.88% < 20% (prev 52.32%; Δ -20.44% < -1%) |
| CFO/TA 0.10 > 3% & CFO 502.3m > Net Income 371.6m |
| Net Debt (-1.08b) to EBITDA (656.6m): -1.65 < 3 |
| Current Ratio: 3.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.8m) vs 12m ago -2.80% < -2% |
| Gross Margin: 28.30% > 18% (prev 0.31%; Δ 2799 % > 0.5%) |
| Asset Turnover: 113.9% > 50% (prev 104.0%; Δ 9.90% > 0%) |
| Interest Coverage Ratio: 74.38 > 6 (EBITDA TTM 656.6m / Interest Expense TTM 6.80m) |
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 2.38b / Total Assets 4.84b) |
| C: 0.11 (EBIT TTM 505.9m / Avg Total Assets 4.65b) |
| D: 2.15 (Book Value of Equity 2.40b / Total Liabilities 1.12b) |
| Altman-Z'' Score: 6.88 = AAA |
Beneish M -2.34
| DSRI: 1.06 (Receivables 1.13b/935.1m, Revenue 5.30b/4.64b) |
| GMI: 1.09 (GM 28.30% / 30.84%) |
| AQI: 1.81 (AQ_t 0.41 / AQ_t-1 0.23) |
| SGI: 1.14 (Revenue 5.30b / 4.64b) |
| TATA: -0.03 (NI 371.6m - CFO 502.3m) / TA 4.84b) |
| Beneish M-Score: -2.34 (Cap -4..+1) = BBB |
What is the price of EPAM shares?
As of January 30, 2026, the stock is trading at USD 208.92 with a total of 675,945 shares traded.
Over the past week, the price has changed by -4.62%, over one month by -1.29%, over three months by +28.29% and over the past year by -17.05%.
Over the past week, the price has changed by -4.62%, over one month by -1.29%, over three months by +28.29% and over the past year by -17.05%.
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.
- StrongBuy: 7
- Buy: 7
- Hold: 6
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the EPAM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 220.7 | 5.6% |
| Analysts Target Price | 220.7 | 5.6% |
| ValueRay Target Price | 202.2 | -3.2% |
EPAM Fundamental Data Overview January 24, 2026
P/E Trailing = 33.4428
P/E Forward = 18.315
P/S = 2.3029
P/B = 3.157
P/EG = 1.3989
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 = 11.12b USD (12.20b + Debt 155.2m - CCE 1.24b)
Interest Coverage Ratio = 74.38 (Ebit TTM 505.9m / Interest Expense TTM 6.80m)
EV/FCF = 24.21x (Enterprise Value 11.12b / FCF TTM 459.1m)
FCF Yield = 4.13% (FCF TTM 459.1m / Enterprise Value 11.12b)
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 = 2.30 (Enterprise Value 11.12b / 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 = 7.99% (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 = 10.48% (E(12.20b)/V(12.36b) * Re(10.60%) + D(155.2m)/V(12.36b) * Rd(1.49%) * (1-Tc(0.26)))
Discount Rate = 10.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 70.06% ; FCFF base≈505.0m ; Y1≈518.9m ; Y5≈580.0m
Fair Price DCF = 143.2 (EV 6.83b - Net Debt -1.08b = Equity 7.91b / Shares 55.2m; r=10.48% [WACC]; 5y FCF grow 2.72% → 2.90% )
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=2.74 | Chg30d=-0.025 | Revisions Net=-1 | Analysts=14
EPS next Year (2026-12-31): EPS=12.48 | Chg30d=+0.033 | Revisions Net=+0 | Growth EPS=+9.2% | Growth Revenue=+7.0%
P/E Forward = 18.315
P/S = 2.3029
P/B = 3.157
P/EG = 1.3989
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 = 11.12b USD (12.20b + Debt 155.2m - CCE 1.24b)
Interest Coverage Ratio = 74.38 (Ebit TTM 505.9m / Interest Expense TTM 6.80m)
EV/FCF = 24.21x (Enterprise Value 11.12b / FCF TTM 459.1m)
FCF Yield = 4.13% (FCF TTM 459.1m / Enterprise Value 11.12b)
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 = 2.30 (Enterprise Value 11.12b / 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 = 7.99% (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 = 10.48% (E(12.20b)/V(12.36b) * Re(10.60%) + D(155.2m)/V(12.36b) * Rd(1.49%) * (1-Tc(0.26)))
Discount Rate = 10.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 70.06% ; FCFF base≈505.0m ; Y1≈518.9m ; Y5≈580.0m
Fair Price DCF = 143.2 (EV 6.83b - Net Debt -1.08b = Equity 7.91b / Shares 55.2m; r=10.48% [WACC]; 5y FCF grow 2.72% → 2.90% )
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=2.74 | Chg30d=-0.025 | Revisions Net=-1 | Analysts=14
EPS next Year (2026-12-31): EPS=12.48 | Chg30d=+0.033 | Revisions Net=+0 | Growth EPS=+9.2% | Growth Revenue=+7.0%