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EPAM SystemsEPAM -0.20%74 Market Cap is $4,661 Mil as of Jul. 21, 2026. 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 2,937 Software companies, EPAM Systems ranks better than 93.67% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). EPAM Systems's share price for the quarter that ended in Mar. 2026 was $135.4. EPAM Systems's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 53 Mil. Therefore, EPAM Systems's market cap for the quarter that ended in Mar. 2026 was $7,143 Mil.
EPAM Systems's quarterly market cap
increased
from Sep. 2025 ($8,326 Mil) to Dec. 2025 ($11,120 Mil) but then
declined
from Dec. 2025 ($11,120 Mil) to Mar. 2026 ($7,143 Mil).
EPAM Systems's annual market cap
declined
from Dec. 2023 ($17,182 Mil) to Dec. 2024 ($13,297 Mil) and
declined
from Dec. 2024 ($13,297 Mil) to Dec. 2025 ($11,120 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. EPAM Systems's Enterprise Value for Today is $3,913 Mil.
EPAM Systems (NYSE:EPAM) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
EPAM Systems Market Cap Related Terms
EPAM Systems Market Cap Historical Data
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The historical data trend for EPAM Systems's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Software Industry
For the Software industry and Technology sector, EPAM Systems's Market Cap distribution charts can be found below:
* The bar in red indicates where EPAM Systems's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
EPAM Systems's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Market Cap of $4,661 Mil as of Jul. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on EPAM Systems and its competitors. According to the industry distribution chart, EPAM Systems ranks #186 out of 2937 companies in the Software industry, placing it in the top 6.3%.
Is EPAM Systems' Market Cap too high?
EPAM Systems' current Market Cap is $4,661 Mil. The Software industry median Market Cap is 66.22. EPAM Systems' value of $4,661 Mil is 6938.9% above this industry median. Based on the distribution chart, EPAM Systems ranks #186 out of 2937 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' Market Cap compare to EXLS and SAIC?
According to the Software industry distribution chart, EPAM Systems ranks #186 out of 2937 companies for Market Cap. This places EPAM Systems in the top 6% of its industry — outperforming the majority of peers. The industry median Market Cap is 66.22. EPAM Systems' value of $4,661 Mil is 6938.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 66.22, based on 2,937 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EPAM Systems's current Market Cap of $4,661 Mil is 6938.9% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on EPAM Systems and its competitors. For the Software industry, the median Market Cap is 66.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPAM Systems's current Market Cap is $4,661 Mil. 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 Market Cap is $4,661 Mil and 6938.9% above the Software industry median of 66.22. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For EPAM Systems (EPAM), the current Market Cap is $4,661 Mil 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:
Market Cap: $4,661 Mil
GF Value™: $258.23 vs. price of $89.22 (65.4% below fair value)
Industry Position: 6938.9% above the Software median (#186 of 2937)
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
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