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EPAM SystemsEPAM -2.37%80 EV-to-OCF is 10.02 as of Sep. 05, 2026, which is 65% below its 10-year median of 28.55. GuruFocus rates EPAM with a GF Score™ of 80/100 and a GF Value™ of $242.84 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,876 Software companies, EPAM Systems ranks worse than 60.01% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, EPAM Systems's Enterprise Value is $5,401 Mil.
EPAM Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $539 Mil. Therefore, EPAM Systems's EV-to-OCF for today is 10.02.
The historical rank and industry rank for EPAM Systems's EV-to-OCF or its related term are showing as below:
EPAM'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.73 Med: 28.55 Max: 91.02
Current: 10.02
During the past 13 years, the highest EV-to-OCF of EPAM Systems was 91.02. The lowest was 5.73. And the median was 28.55.
EPAM's EV-to-OCF is ranked worse than 60.01% of 2876
companies
in the Software industry
Industry Median: 6.9
vs EPAM: 10.02
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $117.04.
EPAM Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.380.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
EPAM Systems EV-to-OCF Related Terms
EPAM Systems EV-to-OCF Historical Data
* Premium members only.
The historical data trend for EPAM Systems's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Software Industry
For the Software industry and Technology sector, EPAM Systems's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where EPAM Systems's EV-to-OCF falls into.
EPAM Systems's current Enterprise Value is $5,401 Mil.
EPAM Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $539 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-OCF of 10.02 as of Sep. 05, 2026. This is 65% below median its historical median of 28.55. Over the past decade, EPAM Systems' EV-to-OCF has ranged from 5.73 to 91.02. According to the industry distribution chart, EPAM Systems ranks #1726 out of 2876 companies in the Software industry, placing it in the top 60%.
Is EPAM Systems' EV-to-OCF too high?
EPAM Systems' current EV-to-OCF of 10.02 is 65% below median its 10-year median of 28.55. Over the past 10 years, this metric has ranged from a low of 5.73 to a high of 91.02. The Software industry median EV-to-OCF is 6.90. EPAM Systems' value of 10.02 is 45.2% above this industry median. Based on the distribution chart, EPAM Systems ranks #1726 out of 2876 companies in the Software industry, which is below the industry midpoint. Overall, EPAM Systems has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPAM Systems' EV-to-OCF compare to EXLS and CIFR?
According to the Software industry distribution chart, EPAM Systems ranks #1726 out of 2876 companies for EV-to-OCF. This places EPAM Systems in the lower half of its industry. The industry median EV-to-OCF is 6.90. EPAM Systems' value of 10.02 is 45.2% above this benchmark. Historically, EPAM Systems' own EV-to-OCF has ranged from 5.73 to 91.02 over the past decade. While the company's 10-year median is 28.55 vs. the industry median of 6.90, EPAM Systems has consistently been above 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-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.90, based on 2,876 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EPAM Systems's current EV-to-OCF of 10.02 is 45.2% above 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPAM Systems's current EV-to-OCF is 10.02, which is 65% below median its own 10-year median of 28.55. 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 $242.84, compared to a current price of $117.04 — trading 51.8% below its estimated fair value. The current EV-to-OCF is 10.02, which is 65% below median its 10-year median of 28.55 and 45.2% above the Software industry median of 6.90. EPAM Systems' overall GF Score™ is 80/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For EPAM Systems (EPAM), the current EV-to-OCF is 10.02 as of Sep. 05, 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 $117.04 is trading 51.8% below its estimated GF Value™ of $242.84.
GuruFocus considers EPAM Systems to be Significantly Undervalued.
Key valuation signals for EPAM:
EV-to-OCF: 10.02 (65% below median its 10-year median of 28.55)
GF Value™: $242.84 vs. price of $117.04 (51.8% below fair value)
Industry Position: 45.2% above the Software median (#1726 of 2876)
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.
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