(EPAM) EPAM Systems - NYSE

Sector: Technology | Industry: Information Technology Services | Exchange: NYSE (USA) | Market Cap: 4.017m USD | Total Return: -53.6% in 12m

Software Engineering, Cloud Computing, Data Analytics, Cybersecurity
Total Rating 38
Safety 78
Buy Signal -0.56
Information Technology Services
Industry Rotation: -19.0
Market Cap: 4.02B
Avg Turnover: 153M
Risk 3d forecast
Volatility45.9%
VaR 5th Pctl7.40%
VaR vs Median-1.74%
Reward TTM
Sharpe Ratio-1.50
Rel. Str. IBD0.6
Rel. Str. Peer Group1.6
Character TTM
Beta0.993
Beta Downside1.493
Hurst Exponent0.515
Drawdowns 3y
Max DD75.83%
CAGR/Max DD-0.38
CAGR/Mean DD-0.89
EPS (Earnings per Share) EPS (Earnings per Share) of EPAM over the last years for every Quarter: "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": 2.37, "2024-12": 2.84, "2025-03": 1.28, "2025-06": 2.09, "2025-09": 3.08, "2025-12": 3.26, "2026-03": 2.86,
EPS CAGR: -4.37%
EPS Trend: -46.8%
Last SUE: 0.57
Qual. Beats: 0
Revenue Revenue of EPAM over the last years for every Quarter: 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: 1407.548, 2026-03: 1400.061,
Rev. CAGR: 6.05%
Rev. Trend: 80.3%
Last SUE: 0.55
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

Confidence

Description: EPAM EPAM Systems

EPAM Systems is a global provider of digital platform engineering and software development services, headquartered in Newtown, Pennsylvania and founded in 1993. The company operates across the information technology sector, specifically within IT Consulting & Other Services, and was listed on the NYSE in February 2012.

Its service portfolio spans engineering, cloud transformation, data, analytics and AI, customer experience, marketing, and cybersecurity, alongside operational solutions that combine integrated engineering practices with smart automation. EPAM also offers end-to-end software product and platform development, covering research, design, prototyping, program management, full lifecycle testing, deployment, support, maintenance, and the modernization of legacy systems.

The company serves a diversified set of verticals, including financial services, consumer goods/retail/travel, software and hi-tech, business information and media, life sciences and healthcare, and emerging industries. As a mid-cap IT services firm with a market capitalization of approximately $4.9 billion USD, EPAM competes within an industry characterized by global delivery models that combine onshore client engagement with nearshore and offshore engineering centers.

Headlines to Watch Out For
  • Geopolitical risk threatens Eastern European delivery operations
  • Enterprise IT spending drives digital engineering services demand
  • Wage inflation pressures margins amid tight tech labor market
Piotroski VR-10 (Strict) 7.5
Net Income: 386.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.69 > 1.0
NWC/Revenue: 26.52% < 20% (prev 33.44%; Δ -6.92% < -1%)
CFO/TA 0.13 > 3% & CFO 594.4m > Net Income 386.7m
Net Debt (-626.1m) to EBITDA (677.9m): -0.92 < 3
Current Ratio: 2.67 > 1.5 & < 3
Outstanding Shares: last quarter (54.2m) vs 12m ago -5.38% < -2%
Gross Margin: 27.88% > 18% (prev 30.20%; Δ -2.32% > 0.5%)
Asset Turnover: 117.9% > 50% (prev 103.0%; Δ 14.89% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)
Altman Z'' 7.09
A: 0.31 (Total Current Assets 2.36b - Total Current Liabilities 884.3m) / Total Assets 4.70b
B: 0.44 (Retained Earnings 2.08b / Total Assets 4.70b)
C: 0.11 (EBIT TTM 531.9m / Avg Total Assets 4.71b)
D: 2.70 (Book Value of Equity 3.43b / Total Liabilities 1.27b)
Altman-Z'' = 7.09 = AAA
Beneish M -2.88
DSRI: 0.94 (Receivables 1.17b/1.09b, Revenue 5.56b/4.86b)
GMI: 1.08 (GM 30.20% / 27.88%)
AQI: 1.03 (AQ_t 0.43 / AQ_t-1 0.42)
SGI: 1.14 (Revenue 5.56b / 4.86b)
TATA: -0.04 (NI 386.7m - CFO 594.4m) / TA 4.70b)
Beneish M = -2.88 (Cap -4..+1) = A
What is the price of EPAM shares?

As of June 27, 2026, the stock is trading at USD 80.68 with a total of 1,908,768 shares traded. Over the past week, the price has changed by +5.27%, over one month by -19.07%, over three months by -40.74% and over the past year by -53.63%.

Current recommended Stop Loss: 74.30 (which is 7.9% or 1.2 ATR below the current price).

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?
Analysts Target Price 144.1 78.6%
EPAM Systems (EPAM) - Fundamental Data Overview as of 25 June 2026
Market Cap USD = 4.02b (4.02b USD * 1.0 USD.USD)
P/E Trailing = 11.0474
P/E Forward = 5.8617
P/S = 0.7231
P/B = 1.1708
P/EG = 0.396
Revenue TTM = 5.56b USD
EBIT TTM = 531.9m USD
EBITDA TTM = 677.9m USD
Long Term Debt = 165.0m USD (from longTermDebt, last quarter)
Short Term Debt = 36.8m USD (from shortTermDebt, last quarter)
Debt = 410.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 122.9m
Net Debt = -626.1m USD (calculated: Debt 410.9m - CCE 1.04b)
Enterprise Value = 3.39b USD (4.02b + Debt 410.9m - CCE 1.04b)
 Interest Coverage Ratio = unknown (Ebit TTM 531.9m / Interest Expense TTM 0.0)
 EV/FCF = 6.24x (Enterprise Value 3.39b / FCF TTM 543.6m)
FCF Yield = 16.03% (FCF TTM 543.6m / Enterprise Value 3.39b)
FCF Margin = 9.79% (FCF TTM 543.6m / Revenue TTM 5.56b)
Net Margin = 6.96% (Net Income TTM 386.7m / Revenue TTM 5.56b)
Gross Margin = 27.88% ((Revenue TTM 5.56b - Cost of Revenue TTM 4.01b) / Revenue TTM)
Gross Margin QoQ = 25.46% (prev 30.07%)
Tobins Q-Ratio = 0.72 (Enterprise Value 3.39b / Total Assets 4.70b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 410.9m)
Taxrate = 27.29% (145.1m / 531.9m)
NOPAT = 386.7m (EBIT 531.9m * (1 - 27.29%))
Current Ratio = 2.67 (Total Current Assets 2.36b / Total Current Liabilities 884.3m)
Debt / Equity = 0.12 (Debt 410.9m / totalStockholderEquity, last quarter 3.43b)
Debt / EBITDA = -0.92 (Net Debt -626.1m / EBITDA 677.9m)
Debt / FCF = -1.15 (Net Debt -626.1m / FCF TTM 543.6m)
Total Stockholder Equity = 3.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.20% (Net Income 386.7m / Total Assets 4.70b)
RoE = 10.67% (Net Income TTM 386.7m / Total Stockholder Equity 3.63b)
RoCE = 14.03% (EBIT 531.9m / Capital Employed (Equity 3.63b + L.T.Debt 165.0m))
RoIC = 10.81% (NOPAT 386.7m / Invested Capital 3.58b)
WACC = 8.60% (E(4.02b)/V(4.43b) * Re(9.48%) + D(410.9m)/V(4.43b) * Rd(0.0%) * (1-Tc(0.27)))
Discount Rate = 9.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -3.65%
[DCF] Terminal Value 77.16% ; FCFF base≈493.7m ; Y1≈565.9m ; Y5≈832.8m
[DCF] Fair Price = 241.8 (EV 12.0b - Net Debt -626.1m = Equity 12.6b / Shares 52.2m; r=8.60% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -46.78 | EPS CAGR: -4.37% | SUE: 0.57 | # QB: 0
Revenue Correlation: 80.29 | Revenue CAGR: 6.05% | SUE: 0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.14 | Chg30d=-0.01% | Revisions=+37% | Analysts=17
EPS next Quarter (2026-09-30): EPS=3.45 | Chg30d=-0.02% | Revisions=+44% | Analysts=17
EPS current Year (2026-12-31): EPS=13.06 | Chg30d=+0.00% | Revisions=+80% | GrowthEPS=+13.6% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=14.11 | Chg30d=-0.01% | Revisions=+18% | GrowthEPS=+8.0% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: +80%