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Friday 6 November 2026 Export EPAM’s income statement to Excel — free account

EPAM Systems, Inc.

EPAM Technology Information Technology Services

EPAM Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 15.4% from fiscal 2024.

Revenue
+2.30%
EPS
+32.0%
Free cash flow
−4.27%
Total debt
−0.14%

Quarter to September 2026, against a year earlier

159.06 6.64 −4.01%
Market cap
$8.6B
P/E
19.8×
Fwd P/E
16.8×
Dividend yield
—
F-score
6/9
Altman Z
8.10
Beneish M
−2.69
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

EPAM Systems, Inc. (EPAM) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, EPAM Systems, Inc. (EPAM) trades at a P/B ratio of 2.3×. Over the past ten years it has ranged from 1.2× (June 2026) to 17.4× (November 2021); the current reading is higher than 7% of that period. That is above the Information Technology Services industry median of 1.7× and below the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.1× (15.60%)
FY2024 3.7× (23.96%)
FY2023 4.9× (23.27%)
FY2022 6.3× (58.22%)
FY2021 15.1× 50.29%
FY2020 10.1× 38.46%
FY2019 7.3× 47.62%
FY2018 4.9× (14.91%)
FY2017 5.8× 41.27%
FY2016 4.1× (34.38%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.6× 31.72%
Jun 2026 1.2× (44.55%)
Mar 2026 2.1× (31.83%)
Dec 2025 3.1× 38.51%
43 more quarters

Against its own ten years

Low 1.2× High 17.4×
Ten-year median 5.7×
Current reading's percentile 7

P/B ratio against peers

Company P/B ratio
WSE WISE GROUP PLC compare n/m
IT Gartner, Inc. compare n/m
INGM Ingram Micro Holding Corporation compare 1.3×
EPAM EPAM Systems, Inc. 2.3×
G Genpact Limited compare 2.6×
CACI CACI International, Inc. compare 2.9×
SAIC Science Applications International Corporation compare 4.3×
JKHY Jack Henry & Associates, Inc. compare 6.1×
EXLS ExlService Holdings, Inc. compare 7.1×
Information Technology Services industry median 1.7×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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