What is EPAM Systems's EV / EBITDA?

EPAM Systems (EPAM) reported EV / EBITDA of 9.9× in Q1 2026.

How has EPAM Systems's EV / EBITDA changed year-over-year?

EPAM Systems's EV / EBITDA decreased by 26.9% year-over-year, from 13.6× to 9.9×.

What is the long-term trend for EPAM Systems's EV / EBITDA?

Over 5 years (2020 to 2025), EPAM Systems's EV / EBITDA has grown at a -18.4% compound annual growth rate (CAGR), from 43.6× to 15.8×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

EPAM Systems EPAM EV / EBITDA

EV / EBITDA at other companies

CognizantCTSH

7.4×-2.9×

AccentureACN

9.8×-7.5×

Insight EnterprisesNSIT

6.8×-5.2×

PegasystemsPEGA

37.4×+17.2×

Open TextOTEX

5.7×-0.6×

AdobeADBE

10.9×-8.7×

Other financials

Income statement

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Revenue$1.4B+7.6%

Gross profit$388.0M+11.0%

Operating income$116.8M+17.6%

Net income$82.5M+12.3%

EPS (diluted)$1.52+18.8%

Balance sheet

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Cash & equivalents$1.0B-11.5%

Total debt$287.9M+82.1%

Total equity$3.4B-5.8%

Total assets$4.7B-0.4%

Cash flow

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Operating cash flow-$36.4M-250%

CapEx$17.9M+91.4%

Free cash flow-$54.2M-466%

Valuation

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Market cap$4B-23.7%

Enterprise value$3.25B-23.4%

P/E10.4×-2.4×

P/S0.7×-0.4×

Profitability

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Gross margin29%-1.2pp

Operating margin9.7%-1.3pp

Net margin7%-1.5pp

FCF margin9.8%+1.2pp

Returns & leverage

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Return on equity10.9%-0.6pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.4×

Where this comes from

Calculated from EPAM Systems’s reported figures.

enterprise value/ebitda=9.9×

Based on the most recent quarter.

The official record: EPAM Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EPAM Systems's EV / EBITDA?: EPAM Systems (EPAM) reported EV / EBITDA of 9.9× in Q1 2026.
How has EPAM Systems's EV / EBITDA changed year-over-year?: EPAM Systems's EV / EBITDA decreased by 26.9% year-over-year, from 13.6× to 9.9×.
What is the long-term trend for EPAM Systems's EV / EBITDA?: Over 5 years (2020 to 2025), EPAM Systems's EV / EBITDA has grown at a -18.4% compound annual growth rate (CAGR), from 43.6× to 15.8×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.