Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EPAM SystemsEPAM -0.20%74 EV-to-EBITDA is 5.56 as of Jul. 21, 2026, which is 78% below its 10-year median of 24.91. GuruFocus rates EPAM with a GF Score™ of 74/100 and a GF Value™ of $258.23 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,957 Software companies, EPAM Systems ranks better than 76.34% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, EPAM Systems's enterprise value is $3,913 Mil.
EPAM Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $704 Mil. Therefore, EPAM Systems's EV-to-EBITDA for today is 5.56.
The historical rank and industry rank for EPAM Systems's EV-to-EBITDA or its related term are showing as below:
EPAM'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.83 Med: 24.91 Max: 64.83
Current: 5.56
During the past 13 years, the highest EV-to-EBITDA of EPAM Systems was 64.83. The lowest was 4.83. And the median was 24.91.
EPAM's EV-to-EBITDA is ranked better than 76.34% of 1957
companies
in the Software industry
Industry Median: 10.46
vs EPAM: 5.56
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EPAM Systems (NYSE:EPAM) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EPAM Systems's PE Ratio (TTM) for today is calculated as:
EPAM Systems's share price for today is $89.22.
EPAM Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.970.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for EPAM Systems's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Information Technology Services subindustry, EPAM Systems's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
EPAM Systems EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, EPAM Systems's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where EPAM Systems's EV-to-EBITDA falls into.
EPAM Systems's current Enterprise Value is $3,913 Mil.
EPAM Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $704 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
EPAM Systems (EPAM) has a EV-to-EBITDA of 5.56 as of Jul. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on EPAM Systems. This is 78% below median its historical median of 24.91. Over the past decade, EPAM Systems' EV-to-EBITDA has ranged from 4.83 to 64.83. According to the industry distribution chart, EPAM Systems ranks #463 out of 1957 companies in the Software industry, placing it in the top 23.7%.
Is EPAM Systems' EV-to-EBITDA too high?
EPAM Systems' current EV-to-EBITDA of 5.56 is 78% below median its 10-year median of 24.91. Over the past 10 years, this metric has ranged from a low of 4.83 to a high of 64.83. The Software industry median EV-to-EBITDA is 10.46. EPAM Systems' value of 5.56 is 46.8% below this industry median. Based on the distribution chart, EPAM Systems ranks #463 out of 1957 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, EPAM Systems has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPAM Systems' EV-to-EBITDA compare to EXLS and SAIC?
According to the Software industry distribution chart, EPAM Systems ranks #463 out of 1957 companies for EV-to-EBITDA. This places EPAM Systems in the top 24% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 10.46. EPAM Systems' value of 5.56 is 46.8% below this benchmark. Historically, EPAM Systems' own EV-to-EBITDA has ranged from 4.83 to 64.83 over the past decade. While the company's 10-year median is 24.91 vs. the industry median of 10.46, EPAM Systems has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.46, based on 1,957 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EPAM Systems's current EV-to-EBITDA of 5.56 is 46.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on EPAM Systems. For the Software industry, the median EV-to-EBITDA is 10.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPAM Systems's current EV-to-EBITDA is 5.56, which is 78% below median its own 10-year median of 24.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPAM Systems stock overvalued right now?
Based on GuruFocus' analysis, EPAM Systems (EPAM) is currently considered Significantly Undervalued. The stock's GF Value™ is $258.23, compared to a current price of $89.22 — trading 65.4% below its estimated fair value. The current EV-to-EBITDA is 5.56, which is 78% below median its 10-year median of 24.91 and 46.8% below the Software industry median of 10.46. EPAM Systems' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For EPAM Systems (EPAM), the current EV-to-EBITDA is 5.56 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is EPAM Systems (EPAM) Overvalued in 2026?
Based on GuruFocus' analysis, EPAM Systems stock appears to be undervalued.
The current stock price of $89.22 is trading 65.4% below its estimated GF Value™ of $258.23.
GuruFocus considers EPAM Systems to be Significantly Undervalued.
Key valuation signals for EPAM:
EV-to-EBITDA: 5.56 (78% below median its 10-year median of 24.91)
GF Value™: $258.23 vs. price of $89.22 (65.4% below fair value)
Industry Position: 46.8% below the Software median (#463 of 1957)
No single metric tells the full story. See the EPAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents. EPAM's largest market is North America, which represents approximately 60% of revenue.
74GF Score
Get the complete analysis for EPAM
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EPAM has been successfully added to your 
