EPAM Share Price | EPAM Systems, Inc. Stock Analysis & Recommendation

Q: How big is EPAM Systems, Inc.?

Market Cap: As of Jun 18, EPAM Systems, Inc. has a market capitalization of 9,553.88 million, categorizing it as a Mid Cap company.Recent Quarterly Performance: For the latest four quarters, EPAM Systems, Inc. reported net sales of 4,864.17 million and a net profit of 411.77 million.Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 3,629.21 million and total assets of 4,750.47 million.

Q: What does EPAM Systems, Inc. do?

Overview:EPAM Systems, Inc. is a provider of software product development and digital platform engineering services, operating within the Computers - Software & Consulting industry and categorized as a mid-cap company.Financial Snapshot:Most recent Net Sales: 1,302 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 73 Million (Quarterly Results - Mar 2025) Market-cap: USD 9,553.88 Million (Mid Cap)Key Metrics:P/E: 24.00 Dividend Yield: 0.00% Debt Equity: -0.30 Return on Equity: 11.75% Price to Book: 2.62Contact Details:Address: 41 University Dr Ste 202, NEWTOWN PA: 18940-1873 Tel: 1 267 7599000 Website: https://www.epam.com/

Q: Is EPAM Systems, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for EPAM Systems, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be overvalued, with a P/E ratio of 24, which is higher than the peer average of approximately 22.01. Additionally, the EV to EBITDA ratio stands at 13.15, while the industry average is not provided, making it difficult to assess its relative valuation fully. The Price to Book Value is 2.77, suggesting that the stock may not be a bargain at its current price.In comparison to peers, EPAM Systems, Inc. has a ROCE of 21.59% and a ROE of 11.75%, which are relatively strong metrics but do not sufficiently justify the current valuation levels. Notably, over the past year, EPAM has returned -27.18%, significantly underperforming the S&P 500's 14.08% return, which reinforces the notion that the stock may be overvalued in the current market context.

Q: Is EPAM Systems, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for EPAM Systems, Inc. has changed from bearish to mildly bearish. The weekly MACD and KST are both bearish, while the monthly indicators also reflect a bearish stance. The Bollinger Bands indicate a mildly bearish trend on both weekly and monthly time frames. Daily moving averages are mildly bearish, and while the Dow Theory shows a mildly bullish signal on the weekly, it is bearish on the monthly. The On-Balance Volume (OBV) is bullish on both time frames, suggesting some accumulation. In terms of performance, EPAM has underperformed the S&P 500 significantly over the longer term, with a year-to-date return of -31.83% compared to the S&P 500's 15.47%, and a 3-year return of -52.00% versus 78.85% for the index. Overall, the current technical stance is mildly bearish, indicating weakness despite some bullish signals from OBV.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.22 M

Shareholding (Dec 2025)

FII

31.05%

Held by 379 FIIs

DII

4.53%

Held by 74 DIIs

Promoter

0.56%

How big is EPAM Systems, Inc.?

22-Jun-2025

As of Jun 18, EPAM Systems, Inc. has a market capitalization of $9.55 billion, with net sales of $4.86 billion and a net profit of $411.77 million over the latest four quarters.

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What does EPAM Systems, Inc. do?

22-Jun-2025

EPAM Systems, Inc. provides software product development and digital platform engineering services, with recent net sales of $1.302 billion and a market cap of approximately $9.55 billion. Key metrics include a P/E ratio of 24.00 and a return on equity of 11.75%.

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Who are in the management team of EPAM Systems, Inc.?

22-Jun-2025

As of March 2022, the management team of EPAM Systems, Inc. includes Arkadiy Dobkin (Chairman, President, CEO), Ronald Vargo (Non-Executive Lead Independent Director), Karl Robb, Richard Mayoras, Eugene Roman, and Robert Segert (all Non-Executive Independent Directors). They oversee the company's strategic direction and governance.

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Is EPAM Systems, Inc. overvalued or undervalued?

21-Oct-2025

As of October 17, 2025, EPAM Systems, Inc. is considered overvalued with a P/E ratio of 24 compared to the peer average of 22.01, and despite strong ROCE and ROE metrics, its recent performance of -27.18% significantly underperforms the S&P 500's 14.08% return, leading to a valuation grade shift from attractive to fair.

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Is EPAM Systems, Inc. technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, EPAM Systems, Inc. shows a mildly bearish technical trend with bearish indicators on multiple time frames, despite some bullish accumulation signals from On-Balance Volume, and has significantly underperformed the S&P 500 year-to-date and over three years.

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Compare EPAM Systems, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROE of 14.86%

Company has a low Debt to Equity ratio (avg) at times

Negative results in Jun 25

With ROE of 11.75%, it has a fair valuation with a 2.77 Price to Book Value

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Computers - Software & Consulting

Market cap

USD 7,423 Million (Small Cap)

P/E

19.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.34

Return on Equity

10.39%

Price to Book

2.02

Revenue and Profits:

Net Sales:

1,408 Million

(Quarterly Results - Dec 2025)

Net Profit:

109 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-34.75%

6 Months

-11.89%

1 Year

-22.58%

2 Years

-49.89%

3 Years

-52.29%

4 Years

-55.74%

5 Years

-63.69%

EPAM Systems, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

15.46%

EBIT Growth (5y)

5.84%

EBIT to Interest (avg)

100.00

Debt to EBITDA (avg)

Net Debt to Equity (avg)

-0.30

Sales to Capital Employed (avg)

1.35

Tax Ratio

25.83%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

36.96%

ROE (avg)

14.86%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.02

EV to EBIT

12.06

EV to EBITDA

9.25

EV to Capital Employed

2.53

EV to Sales

1.13

PEG Ratio

Dividend Yield

ROCE (Latest)

20.99%

ROE (Latest)

10.39%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

Bullish

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Mildly Bullish

Dow Theory

No Trend

OBV

No Trend

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 137 Schemes (63.85%)

Foreign Institutions

Held by 379 Foreign Institutions (31.05%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

1,407.50

1,394.40

0.94%

Operating Profit (PBDIT) excl Other Income

180.80

179.30

0.84%

Interest

0.00

Exceptional Items

-4.10

1.30

-415.38%

Consolidate Net Profit

109.40

106.80

2.43%

Operating Profit Margin (Excl OI)

99.20%

98.70%

0.05%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 0.94% vs 3.03% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 2.43% vs 21.36% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

5,457.10

4,727.90

15.42%

Operating Profit (PBDIT) excl Other Income

669.20

680.80

-1.70%

Interest

0.00

Exceptional Items

-4.80

-21.20

77.36%

Consolidate Net Profit

377.70

454.50

-16.90%

Operating Profit Margin (Excl OI)

92.20%

117.10%

-2.49%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 15.42% vs 0.80% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is -16.90% vs 8.97% in Dec 2024

All Annual Results

Company CV

About EPAM Systems, Inc.

EPAM Systems, Inc.

Computers - Software & Consulting

EPAM Systems, Inc. is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company's service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management. Its service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. It offers its solutions and services to industries, such as financial services, media and entertainment, travel and consumer, software and hi-tech, and life sciences and healthcare.

Company Coordinates

Company Details

41 University Dr Ste 202 , NEWTOWN PA : 18940-1873

Tel: 1 267 7599000

https://www.epam.com/

Registrar Details