Stock AnalizEPAM Systems, Inc. EPAM
EDP Services · IPO 2012 · data as of November 13, 2026
EPAM Systems, Inc. (EPAM) is a technology company listed in the US with a market value of about $8.3B. In the twelve months to September 30, 2026 it had revenue of $5.6B and net income of $425M, a net margin of 7.5%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is financial health (5/5); the weakest is future growth (2/5).
Key numbers: a P/E of 20.4, a price to free cash flow of 17.7, 5-year revenue growth of 15% a year, a 5-year average ROIC of 13%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 18% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Revenue growth above 10% last year
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- ROE above 15%
- Pays a dividend
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6B | $5.5B | $4.7B | $4.7B | $4.8B | $3.8B | $2.7B | $2.3B | $1.8B | $1.5B | $1.2B |
| Net income | $425M | $378M | $455M | $417M | $419M | $482M | $327M | $261M | $240M | $73M | $99M |
| Free cash flow | $470M | $613M | $527M | $534M | $382M | $461M | $476M | $188M | $255M | $163M | $138M |
| EPS (diluted) | $7.99 | $6.72 | $7.84 | $7.06 | $7.09 | $8.15 | $5.60 | $4.53 | $4.24 | $1.32 | $1.87 |
| Net margin | 7.5% | 6.9% | 9.6% | 8.9% | 8.7% | 12.8% | 12.3% | 11.4% | 13.0% | 5.0% | 8.6% |
| ROIC | — | 10.2% | 11.2% | 10.7% | 14.8% | 18.0% | 14.6% | 14.2% | 18.4% | 13.7% | 13.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 17 analysts is $172.88, 6% above the current price; targets range from $138.00 to $215.00; the consensus rating is “Buy”; expected EPS is $13.28 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is EPAM Systems’s P/E ratio?
About 20.4, based on the last twelve months of diluted earnings per share (forward P/E about 11.8).
Is EPAM Systems stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 18% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does EPAM Systems pay a dividend?
Not currently.
Is EPAM Systems a good stock to buy?
We do not give buy or sell advice. EPAM Systems scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.