(EPAM) EPAM Systems - Ratings and Ratios

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

Engineering, Cloud, Analytics, Design, Cybersecurity

Stock: IT Consulting & Other Services
Age 14y
MCap 11,988m
Avg Vol 640K (134M USD)
Beta 1.263
Volatility 40.15%

EPS (Earnings per Share)

EPS (Earnings per Share) of EPAM over the last years for every Quarter: "2020-12": 1.81, "2021-03": 1.81, "2021-06": 2.05, "2021-09": 2.42, "2021-12": 2.76, "2022-03": 2.49, "2022-06": 2.38, "2022-09": 3.1, "2022-12": 2.93, "2023-03": 2.47, "2023-06": 2.64, "2023-09": 2.73, "2023-12": 2.75, "2024-03": 2.46, "2024-06": 2.45, "2024-09": 3.12, "2024-12": 2.84, "2025-03": 2.41, "2025-06": 2.77, "2025-09": 3.08, "2025-12": 0,
EPS CAGR: -46.27%
EPS Trend: -36.8%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of EPAM over the last years for every Quarter: 2020-12: 723.493, 2021-03: 780.775, 2021-06: 881.366, 2021-09: 988.539, 2021-12: 1107.464, 2022-03: 1171.614, 2022-06: 1194.861, 2022-09: 1226.92, 2022-12: 1231.303, 2023-03: 1210.941, 2023-06: 1170.206, 2023-09: 1152.136, 2023-12: 1157.257, 2024-03: 1165.465, 2024-06: 1146.597, 2024-09: 1167.527, 2024-12: 1248.351, 2025-03: 1301.692, 2025-06: 1353.443, 2025-09: 1394.373, 2025-12: null,
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 40.2%
Value at Risk 5%th 60.9%
Relative Tail Risk -7.74%
Reward TTM
Sharpe Ratio -0.06
Alpha -26.33
CAGR/Max DD -0.23
Character TTM
Hurst Exponent 0.544
Beta 1.263
Beta Downside 1.476
Drawdowns 3y
Max DD 62.51%
Mean DD 40.64%
Median DD 41.77%

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'' (< 1.1 .. > 2.6) 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

ValueRay F-Score (Strict, 0-100) 65.76

1. Piotroski: 8.0pt
2. FCF Yield: 4.21%
3. FCF Margin: 8.67%
4. Debt/Equity: 0.04
5. Debt/Ebitda: -1.65
6. ROIC - WACC: -0.26%
7. RoE: 10.14%
8. Revenue Trend: 64.09%
9. EPS Trend: -36.79%

What is the price of EPAM shares?

As of January 23, 2026, the stock is trading at USD 219.05 with a total of 353,008 shares traded.
Over the past week, the price has changed by +1.77%, over one month by +3.53%, over three months by +39.99% and over the past year by -6.95%.

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 217.2 -0.8%
Analysts Target Price 217.2 -0.8%
ValueRay Target Price 220.3 0.6%

EPAM Fundamental Data Overview January 17, 2026

P/E Trailing = 32.9113
P/E Forward = 18.5185
P/S = 2.2628
P/B = 3.191
P/EG = 1.414
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 = 10.90b USD (11.99b + Debt 155.2m - CCE 1.24b)
Interest Coverage Ratio = 74.38 (Ebit TTM 505.9m / Interest Expense TTM 6.80m)
EV/FCF = 23.75x (Enterprise Value 10.90b / FCF TTM 459.1m)
FCF Yield = 4.21% (FCF TTM 459.1m / Enterprise Value 10.90b)
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 = 2.25 (Enterprise Value 10.90b / 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 = 10.45% (E(11.99b)/V(12.14b) * Re(10.57%) + D(155.2m)/V(12.14b) * Rd(1.49%) * (1-Tc(0.26)))
Discount Rate = 10.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 70.16% ; FCFF base≈505.0m ; Y1≈518.9m ; Y5≈580.0m
Fair Price DCF = 143.7 (EV 6.86b - Net Debt -1.08b = Equity 7.94b / Shares 55.2m; r=10.45% [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%

Additional Sources for EPAM Stock

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