Reading the tape
NYSE: EPAM
EPAM Systems, Inc.
Technology · Information Technology Services
Market Cap
$5.74B
52w High
$222.53
52w Low
$107.49
P/E
15.82
Volume
523.27K
Outstanding Shares
52.76M
Valuation Data Insufficient
The DCF model's fair value estimate is more than 3× the current stock price. This typically indicates unreliable model inputs — such as irregular cash flows or balance sheet distortions — rather than a genuine opportunity, so the valuation is not shown.
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -31.46%Revenue (TTM): 15.42%FCF (TTM): 16.26%P/FCF: 0th pct
What changed
The stock fell 31.46% over the last year. Revenue grew 15.42% over the trailing twelve months. Operating margin moved from 11.52% to 9.73%. Free cash flow grew 16.26% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 9.73%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
EPAM Systems, Inc. provides digital platform engineering and software development services worldwide.
CEOBalazs Fejes
SectorTechnology
IndustryInformation Technology Services
Employees61,200
IPO dateFeb 8, 2012
Valuation
Forward P/E—
EV/EBITDA16.34
Enterprise value$10.3B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth12.75%
Gross margin28.26%▼13.46%vs FY2024
Operating margin9.73%▼17.09%vs FY2024
ROE10.27%▼17.99%vs FY2024
Analyst consensus
RatingBuy
Target price$190.50▲75.16%
26
Buy
10
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $2.75 · Revenue est $1.39B
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