EPAMEPAM Systems

$115.31

Is the price fair?

What EPAM's price assumes

EPAM Systems trades at 15.7× earnings against 18.8× for the median Information Technology Services name, cheaper than its own group.

15.7

Trailing P/E · Information Technology Services median 18.8 · cheaper than the typical name in its group

Price / sales
1.32

Price / sales · as of 2026-Q1

Free cash flow yield
12%

Free cash flow yield · Information Technology Services median 12%

Growth the price implies
−6.2%

Growth the price implies · The price pays for −6.2% free cash flow growth a year for a decade; the business has delivered −4.8% a year over the last three.

Details
Price / book2026-Q1
2.14
EV / EBIT2026-Q1
12.0
EV / sales2026-Q1
1.16
Technology median P/E365 names
36.5
Information Technology Services median P/E40 names
18.8
Free cash flow, trailing twelve months
$483M
Market capitalisation
$4.00B
3-year revenue growth
+5.1%
3-year free cash flow growth
−4.8%
EPAM has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 20.9× today against a 42.2× median
52-week range$76.04 – $221.40
Today$115.31

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.