Question 1

What is EPAM Systems's P/E ratio?

Accepted Answer

EPAM Systems (EPAM) P/E ratio is 13.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for EPAM Systems?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For EPAM Systems specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is EPAM Systems's P/E ratio high or low?

Accepted Answer

EPAM Systems's P/E ratio of 13.7× is below its own 5-year average of 39.0× and below the sector median of 29.6×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is EPAM Systems's historical P/E ratio range?

Accepted Answer

In the available daily series, EPAM Systems (EPAM) P/E ratio has ranged from a low of 5.4× in 2011 to a high of 106.0× in 2021. The 5-year average is 39.0× and the 5-year median is 33.8×.

Question 7

What was EPAM Systems's P/E ratio in 2025?

Accepted Answer

EPAM Systems (EPAM) P/E ratio at the end of 2025 was 29.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does EPAM Systems's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$11.26B	$377.68M	29.8×	+0.6×	Dec 31, 2025
2024	$13.29B	$454.53M	29.2×	-12.0×	Dec 31, 2024
2023	$17.18B	$417.08M	41.2×	-3.8×	Dec 31, 2023
2022	$18.87B	$419.42M	45.0×	-33.8×	Dec 31, 2022
2021	$37.94B	$481.65M	78.8×	+17.4×	Dec 31, 2021
2020	$20.08B	$327.16M	61.4×	+16.6×	Dec 31, 2020
2019	$11.68B	$261.06M	44.7×	+18.7×	Dec 31, 2019
2018	$6.27B	$240.26M	26.1×	-51.0×	Dec 31, 2018
2017	$5.61B	$72.76M	77.1×	+44.2×	Dec 31, 2017
2016	$3.26B	$99.27M	32.9×	-13.1×	Dec 31, 2016
2015	$3.88B	$84.46M	45.9×	+13.3×	Dec 31, 2015
2014	$2.27B	$69.64M	32.7×	+6.4×	Dec 31, 2014
2013	$1.63B	$61.99M	26.2×	+11.8×	Dec 31, 2013
2012	$783.62M	$54.48M	14.4×	+9.0×	Dec 31, 2012
2011	$239.74M	$44.35M	5.4×	-3.1×	Dec 31, 2011
2010	$239.99M	$28.31M	8.5×	—	Dec 31, 2010


NXP Semiconductors (NXPI)	17.9×
Uber (UBER)	17.3×
Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×

P/E Ratio for EPAM Systems (EPAM)

P/E Ratio daily chart for EPAM Systems (EPAM)

Historical P/E Ratio for EPAM Systems (EPAM) from 2010 to 2025

About P/E Ratio at EPAM Systems (EPAM)

EPAM Systems P/E Ratio by Year

EPAM Systems P/E Ratio 2025: 29.8×

EPAM Systems P/E Ratio 2024: 29.2×

EPAM Systems P/E Ratio 2023: 41.2×

EPAM Systems P/E Ratio 2022: 45.0×

EPAM Systems P/E Ratio 2021: 78.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

EPAM Systems (EPAM) Key Financials

P/E Ratio daily chart for EPAM Systems (EPAM)

Historical P/E Ratio for EPAM Systems (EPAM) from 2010 to 2025

About P/E Ratio at EPAM Systems (EPAM)

EPAM Systems P/E Ratio by Year

EPAM Systems P/E Ratio 2025: 29.8×

EPAM Systems P/E Ratio 2024: 29.2×

EPAM Systems P/E Ratio 2023: 41.2×

EPAM Systems P/E Ratio 2022: 45.0×

EPAM Systems P/E Ratio 2021: 78.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is EPAM Systems's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for EPAM Systems?

+Is EPAM Systems's P/E ratio high or low?

+What is EPAM Systems's historical P/E ratio range?

+What was EPAM Systems's P/E ratio in 2025?

+Why does EPAM Systems's P/E ratio change over time?

EPAM Systems (EPAM) Key Financials