EPAM

EPAM Systems, Inc.

TechnologyInformation Technology ServicesNASDAQ

$102.46

-$0.72 (-0.71%)today

Conviction

7/ 10

Fair Value$189

Upside+84.46%

Signal59.12

Market Cap$7.0B

52W Range$121.63–$222.53

Next EarningsMay 7

Conviction History

Conviction Changes

Mar 18, 2026, 9:06 PM5→7conviction-rescore

Mar 15, 2026, 5:04 AM6→5sec-read

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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$193.79

Current Price$135.19

Upside / Down+43.3%

P(Undervalued)97.5%

P(20%+ Up)83.3%

P(15%+ Down)0.0%

Fair Value Distribution — percentile bands

97.5% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

-2.7%/yr

±4.3% · revenue growth to justify current price

FCF-Based Reverse DCF

4.0%/yr

±2.5% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

No analysis yet

Bear Case

No analysis yet

Research Feed

sec_10kMar 15

Conviction: unchanged

EPAM 10-K FY2025: Recovery in Progress, Organic Growth Modest, Balance Sheet Exceptional

FY2025: Revenue .46B (+15.4% reported, +4.9% organic constant currency). GAAP op margin compressed 11.5%→9.5%; Non-GAAP margin 16.5%→15.2%. Net income .7M (down from .5M). Cash .30B, near-zero debt. M...

sec_10kMar 4

Conviction: unchanged

EPAM FY2025: Geopolitical Resilience, India Pivot, AI Headwinds

EPAM: Quality tech services with AI growth thesis, but geopolitical+margin compression risks warrant caution. Diversified client base and excellent attrition are structural strengths.