US · USD
EPAM
EPAM Systems Inc
- Day's range
- $107.75 – $110.05
- Day's volume
- $59.8M
- 52-week range
- $76.04 – $221.40
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Create a free accountEPAM in numbers
- Market cap
- $5.6B
- P/E
- 13.91
- P/B
- 1.59
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- -1.11
EPAM trades at 13.91 times its earnings of the last 12 months.
EPAM price history
EPAM risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -42.07% | -58.05% | -82.20% |
| Volatility (annualized) | 59.11% | 50.29% | 58.04% |
| Largest drawdown | -61.96% | -73.93% | -88.13% |
| Positive months | 5/12 | 16/36 | 26/60 |
How much did investing in EPAM return?
$1,000.00 invested on 11/01/2021 would be worth $178.00 today.
- Value today in EPAM
- $178.00
- Return over the period
- -82.20%
- Return per year
- -29.53%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
EPAM fundamentals
Valuation
- P/E13.91
- P/B1.59
- EV/EBITDA7.00
- EV/EBIT8.56
- EV/Revenue0.86
- P/EBIT9.92
- P/S0.99
- P/OCF10.37
- P/FCF11.58
- Earnings yield11.68%
- PEG ratio—
- Earnings per share$7.79
- Book value per share$68.21
Debt
- Net debt-$764.4M
- Net debt/EBITDA-1.11
- Net debt/Equity-0.22
- Debt/Equity0.01
- Current ratio2.75
- Quick ratio—
- Cash ratio0.98
Efficiency
- Gross margin29.41%
- EBITDA margin12.27%
- Operating margin10.03%
- Net margin7.15%
- Asset turnover1.23
Profitability
- ROE11.42%
- ROA8.78%
- ROIC14.97%
- Payout0.00%
Growth
- Revenue CAGR (5 years)13.08%
- Earnings CAGR (5 years)0.15%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is EPAM's fair price?
Two classic value formulas, with today's numbers. The current price is $108.32.
- Graham's fair price
- $109.31
- 0.92% above the price
√(22.50 × $7.79 × $68.21)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to EPAM: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
EPAM's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 29.37 | 29.26 | 41.23 | 45.07 | 78.94 | 61.54 | 44.91 | 26.16 |
| P/B | 3.02 | 3.67 | 4.95 | 6.30 | 15.29 | 10.15 | 7.35 | 4.98 |
| EV/EBITDA | 15.23 | 18.98 | 25.50 | 25.84 | 58.53 | 42.59 | 31.05 | 22.26 |
| Earnings per share | $6.98 | $7.99 | $7.21 | $7.27 | $8.47 | $5.82 | $4.72 | $4.43 |
| Book value per share | $67.92 | $63.80 | $60.02 | $52.04 | $43.73 | $35.30 | $28.88 | $23.30 |
| ROE | 10.27% | 12.52% | 12.02% | 13.97% | 19.37% | 16.50% | 16.36% | 19.03% |
| ROIC | 16.14% | 17.90% | 27.83% | 36.71% | 45.06% | 47.80% | 38.55% | 18.72% |
| Gross margin | 28.83% | 30.68% | 30.57% | 31.88% | 33.91% | 34.85% | 35.12% | 35.60% |
| EBITDA margin | 11.82% | 13.41% | 12.64% | 13.79% | 16.65% | 16.63% | 15.18% | 15.32% |
| Net margin | 6.92% | 9.61% | 8.89% | 8.69% | 12.82% | 12.30% | 11.38% | 13.04% |
| Net debt/EBITDA | -1.97 | -1.99 | -3.49 | -2.57 | -2.24 | -2.93 | -2.62 | — |
EPAM's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $5.5B | $4.7B | $4.7B | $4.8B | $3.8B | $2.7B |
| Cost of revenue | -$3.9B | -$3.3B | -$3.3B | -$3.3B | -$2.5B | -$1.7B |
| Gross profit | $1.6B | $1.5B | $1.4B | $1.5B | $1.3B | $927M |
| EBITDA | $644.8M | $634.1M | $593M | $665.2M | $625.7M | $442.2M |
| EBIT | $520M | $544.6M | $501.2M | $573M | $542.3M | $379.3M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $505.6M | $584.4M | $536.6M | $507.3M | $533.4M | $378.5M |
| Income tax | -$127.9M | -$129.9M | -$119.5M | -$87.8M | -$51.7M | -$51.3M |
| Net income | $377.7M | $454.5M | $417.1M | $419.4M | $481.7M | $327.2M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does EPAM pay dividends?
EPAM has no distributions on record.
About Epam Systems
- Sector
- Services
Questions about EPAM
How much is EPAM today?
EPAM is at $108.32 (-0.91% on the day), last traded on 10/07/2026.
What are the P/E and P/B of EPAM?
EPAM trades at a P/E of 13.91 and a P/B of 1.59.
How much did EPAM return in 12 months?
EPAM returned -42.07% in 12 months, with annualized volatility of 59.11% and a largest drawdown of -61.96%.