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": 0,
EPS Growth (3Y CAGR): -59.38%
EPS Trend (3Y Correlation): -47.5%

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

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 9,109m
Sub-Industry IT Consulting & Other Services
IPO / Inception 2012-02-08

EPAM Stock Ratings

Growth Rating -78.0%
Fundamental 61.0%
Dividend Rating -
Return 12m vs S&P 500 -30.2%
Analyst Rating 3.95 of 5

EPAM Dividends

Currently no dividends paid

EPAM Growth Ratios

Growth Correlation 3m -40.6%
Growth Correlation 12m -79.4%
Growth Correlation 5y -87.2%
CAGR 5y -21.04%
CAGR/Max DD 3y (Calmar Ratio) -0.34
CAGR/Mean DD 3y (Pain Ratio) -0.56
Sharpe Ratio 12m 0.02
Alpha -46.68
Beta 1.655
Volatility 41.84%
Current Volume 779.2k
Average Volume 20d 647.1k
Stop Loss 152.5 (-3.8%)
Signal -0.26

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
(C) 0.12 = EBIT TTM 539.3m / Avg Total Assets 4.47b
(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) 60.99

1. Piotroski 6.50pt = 1.50
2. FCF Yield 4.98% = 2.49
3. FCF Margin 8.08% = 2.02
4. Debt/Equity 0.04 = 2.50
5. Debt/Ebitda -1.28 = 2.50
6. ROIC - WACC (= -1.40)% = -1.75
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 November 05, 2025, the stock is trading at USD 158.45 with a total of 779,151 shares traded.
Over the past week, the price has changed by -2.13%, over one month by +3.89%, over three months by +3.36% and over the past year by -16.30%.

Is EPAM Systems a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, EPAM Systems is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 60.99 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 114.17 USD . This means that EPAM is currently overvalued and has a potential downside of -27.95%.

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 202.1 27.5%
Analysts Target Price 202.1 27.5%
ValueRay Target Price 131.2 -17.2%

EPAM Fundamental Data Overview November 04, 2025

Market Cap USD = 9.11b (9.11b USD * 1.0 USD.USD)
P/E Trailing = 23.2963
P/E Forward = 12.9366
P/S = 1.7962
P/B = 2.3199
P/EG = 1.3761
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 = 8.23b USD (9.11b + Debt 162.7m - CCE 1.04b)
Interest Coverage Ratio = -92.42 (Ebit TTM 539.3m / Interest Expense TTM -5.83m)
FCF Yield = 4.98% (FCF TTM 409.7m / Enterprise Value 8.23b)
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 = 1.75 (Enterprise Value 8.23b / 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 = 11.92% (E(9.11b)/V(9.27b) * Re(12.11%) + D(162.7m)/V(9.27b) * 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
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle