Overview Dividends

(EPAM) EPAM Systems - Ratings and Ratios

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

Engineering, Cloud, Data, Security, Operations

EPAM EPS (Earnings per Share)

EPS Growth (3Y CAGR): -59.38%
EPS Trend (3Y Correlation): -47.5%

EPAM Revenue

Revenue Growth (3Y CAGR): 3.63%
Revenue Trend (3Y Correlation): 42.5%

Description: EPAM EPAM Systems

EPAM Systems, Inc. is a global provider of digital platform engineering and software development services, offering a comprehensive range of services including engineering, cloud services, data analytics, AI, customer experience design, and cybersecurity. The companys diverse service portfolio enables clients to achieve their IT and business goals.

EPAMs client base spans multiple industries, including financial services, consumer goods, retail, travel, software, Hi-tech, business information, media, life sciences, healthcare, and emerging verticals. This diversified industry exposure helps mitigate risks and capitalize on growth opportunities.

To evaluate EPAMs performance, key performance indicators (KPIs) such as revenue growth, gross margin, and operating margin are crucial. EPAM has demonstrated a strong track record of revenue growth, driven by its expanding service offerings and increasing demand for digital transformation. The companys gross margin has remained relatively stable, indicating its ability to maintain pricing power and operational efficiency.

From a profitability perspective, EPAMs return on equity (RoE) of 11.58% is a relevant metric. Additionally, the companys dividend yield and payout ratio can be examined to assess its commitment to returning value to shareholders. Other relevant KPIs include the companys days sales outstanding (DSO) and operating cash flow conversion, which can provide insights into its working capital management and ability to generate cash from operations.

EPAMs valuation multiples, such as the price-to-earnings (P/E) ratio of 23.04 and forward P/E of 15.50, can be compared to industry peers to assess its relative attractiveness. The companys market capitalization of $9.33 billion indicates its significant presence in the IT consulting and services industry.

EPAM Stock Overview

Market Cap in USD	8,509m
Sub-Industry	IT Consulting & Other Services
IPO / Inception	2012-02-08

EPAM Stock Ratings

Growth Rating	-81.1%
Fundamental	61.2%
Dividend Rating	-
Return 12m vs S&P 500	-35.5%
Analyst Rating	3.95 of 5

EPAM Dividends

Currently no dividends paid

EPAM Growth Ratios

Growth Correlation 3m	-51.7%
Growth Correlation 12m	-77.5%
Growth Correlation 5y	-86.1%
CAGR 5y	-24.14%
CAGR/Max DD 3y (Calmar Ratio)	-0.39
CAGR/Mean DD 3y (Pain Ratio)	-0.66
Sharpe Ratio 12m	-0.12
Alpha	-48.64
Beta	1.655
Volatility	41.12%
Current Volume	480.6k
Average Volume 20d	712.5k
Stop Loss	141.2 (-3.7%)
Signal	-1.17

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (401.2m TTM) > 0 and > 6% of Revenue (6% = 304.3m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -4.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 32.01% (prev 50.05%; Δ -18.05pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 449.6m > Net Income 401.2m (YES >=105%, WARN >=100%)

Net Debt (-878.7m) to EBITDA (687.7m) ratio: -1.28 <= 3.0 (WARN <= 3.5)

Current Ratio 3.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (56.9m) change vs 12m ago -2.15% (target <= -2.0% for YES)

Gross Margin 30.03% (prev 29.96%; Δ 0.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 113.5% (prev 109.4%; Δ 4.09pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -92.42 (EBITDA TTM 687.7m / Interest Expense TTM -5.83m) >= 6 (WARN >= 3)

Altman Z'' 7.10

(A) 0.34 = (Total Current Assets 2.37b - Total Current Liabilities 747.4m) / Total Assets 4.71b

(B) 0.50 = Retained Earnings (Balance) 2.36b / Total Assets 4.71b

(D) 2.28 = Book Value of Equity 2.38b / Total Liabilities 1.04b

Total Rating: 7.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.20

1. Piotroski 6.50pt = 1.50

2. FCF Yield 5.37% = 2.68

3. FCF Margin 8.08% = 2.02

4. Debt/Equity 0.04 = 2.50

5. Debt/Ebitda -1.28 = 2.50

6. ROIC - WACC (= -1.39)% = -1.74

7. RoE 11.07% = 0.92

8. Rev. Trend 42.51% = 3.19

9. EPS Trend -47.52% = -2.38

What is the price of EPAM shares?

As of October 14, 2025, the stock is trading at USD 146.70 with a total of 480,609 shares traded.
Over the past week, the price has changed by -3.81%, over one month by -5.08%, over three months by -12.73% and over the past year by -25.91%.

Is EPAM Systems a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, EPAM Systems is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 61.20 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EPAM is around 97.83 USD . This means that EPAM is currently overvalued and has a potential downside of -33.31%.

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	211.5	44.2%
Analysts Target Price	211.5	44.2%
ValueRay Target Price	112.4	-23.4%

Last update: 2025-10-04 03:50

EPAM Fundamental Data Overview

Market Cap USD = 8.51b (8.51b USD * 1.0 USD.USD)
P/E Trailing = 21.7932
P/E Forward = 12.9032
P/S = 1.6779
P/B = 2.3127
P/EG = 1.3719
Beta = 1.655
Revenue TTM = 5.07b USD
EBIT TTM = 539.3m USD
EBITDA TTM = 687.7m USD
Long Term Debt = 25.0m USD (from longTermDebt, last quarter)
Short Term Debt = 40.4m USD (from shortTermDebt, last quarter)
Debt = 162.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -878.7m USD (from netDebt column, last quarter)
Enterprise Value = 7.63b USD (8.51b + Debt 162.7m - CCE 1.04b)
Interest Coverage Ratio = -92.42 (Ebit TTM 539.3m / Interest Expense TTM -5.83m)
FCF Yield = 5.37% (FCF TTM 409.7m / Enterprise Value 7.63b)
FCF Margin = 8.08% (FCF TTM 409.7m / Revenue TTM 5.07b)
Net Margin = 7.91% (Net Income TTM 401.2m / Revenue TTM 5.07b)
Gross Margin = 30.03% ((Revenue TTM 5.07b - Cost of Revenue TTM 3.55b) / Revenue TTM)
Gross Margin QoQ = 28.77% (prev 26.86%)
Tobins Q-Ratio = 1.62 (Enterprise Value 7.63b / Total Assets 4.71b)
Interest Expense / Debt = 1.42% (Interest Expense 2.31m / Debt 162.7m)
Taxrate = 28.88% (35.7m / 123.8m)
NOPAT = 383.6m (EBIT 539.3m * (1 - 28.88%))
Current Ratio = 3.17 (Total Current Assets 2.37b / Total Current Liabilities 747.4m)
Debt / Equity = 0.04 (Debt 162.7m / totalStockholderEquity, last quarter 3.67b)
Debt / EBITDA = -1.28 (Net Debt -878.7m / EBITDA 687.7m)
Debt / FCF = -2.14 (Net Debt -878.7m / FCF TTM 409.7m)
Total Stockholder Equity = 3.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.52% (Net Income 401.2m / Total Assets 4.71b)
RoE = 11.07% (Net Income TTM 401.2m / Total Stockholder Equity 3.62b)
RoCE = 14.78% (EBIT 539.3m / Capital Employed (Equity 3.62b + L.T.Debt 25.0m))
RoIC = 10.51% (NOPAT 383.6m / Invested Capital 3.65b)
WACC = 11.90% (E(8.51b)/V(8.67b) * Re(12.11%) + D(162.7m)/V(8.67b) * Rd(1.42%) * (1-Tc(0.29)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.73%
[DCF Debug] Terminal Value 66.12% ; FCFE base≈465.1m ; Y1≈495.3m ; Y5≈595.9m
Fair Price DCF = 103.3 (DCF Value 5.75b / Shares Outstanding 55.7m; 5y FCF grow 7.20% → 3.0% )
EPS Correlation: -47.52 | EPS CAGR: -59.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: 42.51 | Revenue CAGR: 3.63% | SUE: 1.81 | # QB: 4

Additional Sources for EPAM Stock

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