EPAM Systems, Inc. (EPAM) P/E Ratio History
Historical price-to-earnings valuation from 2012 to 2025
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EPAM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, EPAM Systems, Inc. (EPAM) trades at a price-to-earnings ratio of 13.6x, with a stock price of $107.00 and trailing twelve-month earnings per share of $6.66.
The current P/E is 69% below its 5-year average of 44.2x. Over the past five years, EPAM's P/E has ranged from a low of 23.0x to a high of 82.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.2x, EPAM trades at a 50% discount to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
The PEG ratio of 1.18 (P/E divided by 11% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, EPAM trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our EPAM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
EPAM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 10.9Lowest | 0.52Best | +2% | |
| $24B | 11.3 | 0.93 | +1% | |
| $51B | 16.6 | 2.49 | +0% | |
| $21B | 15.1 | 1.77 | +20% | |
| $769M | 21.5 | - | -25% | |
| $5B | 20.1 | 0.83 | +27% | |
| $109B | 14.4 | 1.59 | +6% | |
| $212B | 20.2 | 1.63 | +74%Best | |
| $17B | 12.1 | 0.59 | +21% | |
| $4B | 12.3 | 0.73 | +7% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
EPAM Historical P/E Data (2012–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $150.79 | $6.55 | 23.0x | -43% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $176.82 | $7.01 | 25.2x | -37% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $168.84 | $7.15 | 23.6x | -41% |
| FY2024 Q4 | $233.82 | $7.84 | 29.8x | -26% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $199.03 | $7.70 | 25.8x | -36% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $188.11 | $6.98 | 26.9x | -33% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $276.16 | $7.31 | 37.8x | -6% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $297.34 | $7.07 | 42.1x | +4% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $255.69 | $8.02 | 31.9x | -21% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $224.75 | $9.00 | 25.0x | -38% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $299.00 | $7.29 | 41.0x | +2% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $327.74 | $7.08 | 46.3x | +15% |
Average P/E for displayed period: 40.3x
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Start ComparisonEPAM — Frequently Asked Questions
Quick answers to the most common questions about buying EPAM stock.
Is EPAM stock overvalued or undervalued?
EPAM trades at 13.6x P/E, below its 5-year average of 44.2x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does EPAM's valuation compare to peers?
EPAM Systems, Inc. P/E of 13.6x compares to sector median of 27.2x. The discount suggests lower growth expectations or higher risk.
What is EPAM's PEG ratio?
EPAM PEG ratio is 1.18. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2012-2025.