EPAM Systems (EPAM)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-10-29
$134.70-1.12%
Close 2026-10-29 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-10-29
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
IT Consulting & Other Services is in recovery. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income grows at least 10% annually: Comparison needs review.
View ThesisRevenue is growing steadily — about 11% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 14% growth a year, above the roughly 4% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 2% on a typical day and fell roughly 66% in its worst 12-month stretch.
View RiskEPAM's earnings power is the core claim, though recent revenue growth has slowed. Revenue growth eased from 12.8% to 7.6%, then 4.5% year over year. Q2 FY2026 non-GAAP EPS beat consensus by 38.5%. EPAM trades at 11× P/E versus the 15× peer median; expectations look full. The market prices more growth than our forecast, despite the peer discount. Fragile cash backing weakens reported profits; the next-quarter miss probability is 20.0%. The thesis is on watch; peer multiples imply a price about 16% below where it trades.
Trailing returns as of 2026-10-29. EPAM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering EPAM (as of Oct 2026).
Based on 8 Wall Street analysts offering 12-month price targets for EPAM in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| EPAM Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus IT Consulting & Other Services — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put EPAM next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Drive AI-Native Transformation and Innovation
Shift to cybersecurity may divert focus from AI-native growth.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $134.70
The last 12 months of price, then the range of analyst 12-month targets from today’s $134.70.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Return Capital to Shareholders via Share Repurchases
Pressure for buybacks may conflict with capital allocation strategy.
Threatens: Drive Profitable Growth with Revenue and Margin Expansion
Downgrade indicates potential challenges to profitable growth.
Threatens: Drive Profitable Growth with Revenue and Margin Expansion
Lower revenue outlook may hinder profitable growth objectives.
Advances: Drive Profitable Growth
Earnings beat indicates strong profitable growth.
Advances: Transform into an AI-Native Organization
Joining OpenAI enhances AI capabilities and growth potential.