Question 1

What is EPAM Systems's P/S ratio?

Accepted Answer

EPAM Systems (EPAM) P/S ratio is 1.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For EPAM Systems specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

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

Accepted Answer

EPAM Systems's P/S ratio of 1.0× is below its own 5-year average of 3.9× and below the sector median of 5.7×. 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/S ratio range?

Accepted Answer

In the available daily series, EPAM Systems (EPAM) P/S ratio has ranged from a low of 0.7× in 2011 to a high of 13.9× in 2021. The 5-year average is 3.9× and the 5-year median is 3.2×.

Question 7

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

Accepted Answer

EPAM Systems (EPAM) P/S ratio at the end of 2025 was 2.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$5.46B	2.1×	-0.7×	Dec 31, 2025
2024	$13.29B	$4.73B	2.8×	-0.9×	Dec 31, 2024
2023	$17.18B	$4.69B	3.7×	-0.2×	Dec 31, 2023
2022	$18.87B	$4.82B	3.9×	-6.2×	Dec 31, 2022
2021	$37.94B	$3.76B	10.1×	+2.5×	Dec 31, 2021
2020	$20.08B	$2.66B	7.5×	+2.5×	Dec 31, 2020
2019	$11.68B	$2.29B	5.1×	+1.7×	Dec 31, 2019
2018	$6.27B	$1.84B	3.4×	-0.5×	Dec 31, 2018
2017	$5.61B	$1.45B	3.9×	+1.1×	Dec 31, 2017
2016	$3.26B	$1.16B	2.8×	-1.4×	Dec 31, 2016
2015	$3.88B	$914.13M	4.2×	+1.1×	Dec 31, 2015
2014	$2.27B	$730.03M	3.1×	+0.2×	Dec 31, 2014
2013	$1.63B	$555.12M	2.9×	+1.1×	Dec 31, 2013
2012	$783.62M	$433.80M	1.8×	+1.1×	Dec 31, 2012
2011	$239.74M	$334.53M	0.7×	-0.4×	Dec 31, 2011
2010	$239.99M	$221.82M	1.1×	—	Dec 31, 2010


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P/S Ratio for EPAM Systems (EPAM)

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

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

About P/S Ratio at EPAM Systems (EPAM)

EPAM Systems P/S Ratio by Year

EPAM Systems P/S Ratio 2025: 2.1×

EPAM Systems P/S Ratio 2024: 2.8×

EPAM Systems P/S Ratio 2023: 3.7×

EPAM Systems P/S Ratio 2022: 3.9×

EPAM Systems P/S Ratio 2021: 10.1×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

EPAM Systems (EPAM) Key Financials

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

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

About P/S Ratio at EPAM Systems (EPAM)

EPAM Systems P/S Ratio by Year

EPAM Systems P/S Ratio 2025: 2.1×

EPAM Systems P/S Ratio 2024: 2.8×

EPAM Systems P/S Ratio 2023: 3.7×

EPAM Systems P/S Ratio 2022: 3.9×

EPAM Systems P/S Ratio 2021: 10.1×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

EPAM Systems (EPAM) Key Financials