Overview Dividends

(EPAM) EPAM Systems - Ratings and Ratios

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

Engineering, Cloud, Analytics, Cybersecurity, Automation

EPAM EPS (Earnings per Share)

EPS (Earnings per Share) of EPAM over the last years for every Quarter: "2020-09": 1.65, "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,
EPS Growth (3Y CAGR): 1.83%
EPS Trend (3Y Correlation): 21.4%

EPAM Revenue

Revenue of EPAM over the last years for every Quarter: 2020-09: 652.243, 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,
Revenue Growth (3Y CAGR): 4.63%
Revenue Trend (3Y Correlation): 66.5%
Risk via 10d forecast
Volatility 41.2%
Value at Risk 5%th 60.3%
Relative Tail Risk -10.98%
Reward TTM
Sharpe Ratio -0.69
Alpha -43.61
Character TTM
Hurst Exponent 0.515
Beta 1.258
Beta Downside 1.468
Drawdowns 3y
Max DD 62.51%
Mean DD 38.33%
Median DD 38.38%

Description: EPAM EPAM Systems November 04, 2025

EPAM Systems, Inc. (NYSE: EPAM) delivers end-to-end digital platform engineering and software development services, spanning requirement analysis, cloud road-mapping, AI-driven analytics, cybersecurity, and smart-automation operations for enterprise clients worldwide.

In FY 2023 the firm reported revenue of roughly $5.1 billion, up about 20 % year-over-year, and maintained an operating margin near 15 %, reflecting the scalability of its high-value consulting model. Growth is underpinned by macro-level IT spending trends-global enterprise software spend is projected to expand at a 6-7 % CAGR through 2028-and by strong demand in its core verticals such as financial services, healthcare, and high-tech, where digital transformation budgets remain resilient.

For a deeper quantitative assessment of EPAM’s valuation relative to peers, the ValueRay platform offers a granular, data-driven dashboard you may find useful.

EPAM Stock Overview

Market Cap in USD 9,684m
Sub-Industry IT Consulting & Other Services
IPO / Inception 2012-02-08
Return 12m vs S&P 500 -36.2%
Analyst Rating 3.95 of 5

EPAM Dividends

Currently no dividends paid

EPAM Growth Ratios

CAGR 3y -19.53%
CAGR/Max DD Calmar Ratio -0.31
CAGR/Mean DD Pain Ratio -0.51
Current Volume 1128.6k
Average Volume 978.9k

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

ValueRay F-Score (Strict, 0-100) 66.11

1. Piotroski 7.0pt = 2.0
2. FCF Yield 5.34% = 2.67
3. FCF Margin 8.67% = 2.17
4. Debt/Equity 0.04 = 2.50
5. Debt/Ebitda -1.65 = 2.50
6. ROIC - WACC (= -2.10)% = -2.63
7. RoE 10.14% = 0.84
8. Rev. Trend 66.52% = 4.99
9. EPS Trend 21.37% = 1.07

What is the price of EPAM shares?

As of November 15, 2025, the stock is trading at USD 179.02 with a total of 1,128,576 shares traded.
Over the past week, the price has changed by +2.12%, over one month by +21.80%, over three months by +12.38% and over the past year by -26.89%.

Is EPAM Systems a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, EPAM Systems (NYSE:EPAM) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 66.11 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EPAM is around 129.07 USD . This means that EPAM is currently overvalued and has a potential downside of -27.9%.

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 207.1 15.7%
Analysts Target Price 207.1 15.7%
ValueRay Target Price 148.9 -16.8%

EPAM Fundamental Data Overview November 11, 2025

Market Cap USD = 9.68b (9.68b USD * 1.0 USD.USD)
P/E Trailing = 26.7226
P/E Forward = 12.9366
P/S = 1.8279
P/B = 2.3199
P/EG = 1.3761
Beta = 1.767
Revenue TTM = 5.30b USD
EBIT TTM = 505.9m USD
EBITDA TTM = 656.6m USD
Long Term Debt = 25.2m USD (from longTermDebt, last fiscal year)
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 = 8.60b USD (9.68b + Debt 155.2m - CCE 1.24b)
Interest Coverage Ratio = 74.38 (Ebit TTM 505.9m / Interest Expense TTM 6.80m)
FCF Yield = 5.34% (FCF TTM 459.1m / Enterprise Value 8.60b)
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 = 1.78 (Enterprise Value 8.60b / 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 = 13.70% (EBIT 505.9m / Capital Employed (Equity 3.67b + L.T.Debt 25.2m))
RoIC = 10.25% (NOPAT 376.3m / Invested Capital 3.67b)
WACC = 12.35% (E(9.68b)/V(9.84b) * Re(12.53%) + D(155.2m)/V(9.84b) * Rd(1.49%) * (1-Tc(0.26)))
Discount Rate = 12.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 64.20% ; FCFE base≈505.0m ; Y1≈519.0m ; Y5≈581.4m
Fair Price DCF = 98.20 (DCF Value 5.42b / Shares Outstanding 55.2m; 5y FCF grow 2.72% → 3.0% )
EPS Correlation: 21.37 | EPS CAGR: 1.83% | SUE: 0.49 | # QB: 0
Revenue Correlation: 66.52 | Revenue CAGR: 4.63% | SUE: 1.72 | # QB: 5

Additional Sources for EPAM Stock

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