EPAM (EPAM Systems) PS Ratio: 0.89 (As of Jul. 21, 2026) — 78% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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 EPAM Systems Inc EPAM
74 GF Score
Price $89.22
GF Value $258.23
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is EPAM Systems PS Ratio?

EPAM Systems EPAM -0.20% 74 PS Ratio is 0.89 as of Jul. 21, 2026, which is 78% below its 10-year median of 3.96. 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 2,789 Software companies, EPAM Systems ranks better than 74.36% on this metric.

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, EPAM Systems's share price is $89.22. EPAM Systems's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $100.20. Hence, EPAM Systems's PS Ratio for today is 0.89.

The historical rank and industry rank for EPAM Systems's PS Ratio or its related term are showing as below:

EPAM' s PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 3.96   Max: 12.45
Current: 0.87

During the past 13 years, EPAM Systems's highest PS Ratio was 12.45. The lowest was 0.76. And the median was 3.96.

EPAM's PS Ratio is ranked better than
74.36% of 2789 companies
in the Software industry
Industry Median: 2 vs EPAM: 0.87

EPAM Systems's Revenue per Sharefor the three months ended in Mar. 2026 was $25.84. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $100.20.

Good Sign:

EPAM Systems Inc has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of EPAM Systems was 18.60% per year. During the past 3 years, the average Revenue per Share Growth Rate was 6.00% per year. During the past 5 years, the average Revenue per Share Growth Rate was 13.70% per year. During the past 10 years, the average Revenue per Share Growth Rate was 19.30% per year.

During the past 13 years, EPAM Systems's highest 3-Year average Revenue per Share Growth Rate was 27.00% per year. The lowest was 1.90% per year. And the median was 21.35% per year.

Back to Basics: PS Ratio


EPAM Systems  (NYSE:EPAM) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


EPAM Systems PS Ratio Related Terms


EPAM Systems PS Ratio Historical Data

* Premium members only.

The historical data trend for EPAM Systems's PS Ratio 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.

EPAM Systems PS Ratio Chart

EPAM Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.51 4.02 3.75 2.87 2.11

EPAM Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 1.99 1.61 2.11 1.35

EPAM vs EXLS, SAIC, G: PS Ratio Comparison

For the Information Technology Services subindustry, EPAM Systems's PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Software Industry

For the Software industry and Technology sector, EPAM Systems's PS Ratio distribution charts can be found below:

* The bar in red indicates where EPAM Systems's PS Ratio falls into.


EPAM
74GF Score
EPAM Systems Inc EPAM
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EPAM Systems PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

EPAM Systems's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=89.22/100.198
=0.89

EPAM Systems's Share Price of today is $89.22.
EPAM Systems's Revenue per Share 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 $100.20.

* 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.

It can also be calculated from the numbers for the whole company:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 0.89 mean?
EPAM Systems (EPAM) has a PS Ratio of 0.89 as of Jul. 21, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on EPAM Systems and its competitors. This is 78% below median its historical median of 3.96. Over the past decade, EPAM Systems' PS Ratio has ranged from 0.76 to 12.45. According to the industry distribution chart, EPAM Systems ranks #715 out of 2789 companies in the Software industry, placing it in the top 25.6%.
Is EPAM Systems' PS Ratio too high?
EPAM Systems' current PS Ratio of 0.89 is 78% below median its 10-year median of 3.96. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 12.45. The Software industry median PS Ratio is 2.00. EPAM Systems' value of 0.89 is 55.5% below this industry median. Based on the distribution chart, EPAM Systems ranks #715 out of 2789 companies in the Software industry, which is above the industry midpoint. 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' PS Ratio compare to EXLS and SAIC?
According to the Software industry distribution chart, EPAM Systems ranks #715 out of 2789 companies for PS Ratio. This puts EPAM Systems in the upper half of its industry. The industry median PS Ratio is 2.00. EPAM Systems' value of 0.89 is 55.5% below this benchmark. Historically, EPAM Systems' own PS Ratio has ranged from 0.76 to 12.45 over the past decade. While the company's 10-year median is 3.96 vs. the industry median of 2.00, 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 PS Ratio for a Software company?
The median PS Ratio among Software companies is 2.00, based on 2,789 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EPAM Systems's current PS Ratio of 0.89 is 55.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on EPAM Systems and its competitors. For the Software industry, the median PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPAM Systems's current PS Ratio is 0.89, which is 78% below median its own 10-year median of 3.96. 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 PS Ratio is 0.89, which is 78% below median its 10-year median of 3.96 and 55.5% below the Software industry median of 2.00. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For EPAM Systems (EPAM), the current PS Ratio is 0.89 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:

  • PS Ratio: 0.89 (78% below median its 10-year median of 3.96)
  • GF Value™: $258.23 vs. price of $89.22 (65.4% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 55.5% below the Software median (#715 of 2789)

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 Business Description

Address 41 University Drive, Suite 202, Newtown, PA, USA, 18940
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

PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$89.22
Price
$258.23
GF Value