EPAM Systems (EPAM) EV to EBITDA (2012 - 2026)
EPAM Systems' (EPAM) EV to EBITDA stood at 4.80 in Q2 2026, down 64.7% from 13.59 a year earlier and down 48.0% from the prior quarter.
Powered by 
Analysis
EPAM Systems (EPAM) EV to EBITDA (2012 - 2026) Analysis & Trends
On a TTM basis, EPAM Systems' EV to EBITDA came in at -0.39 as of Jun 30, 2026; for FY2025, it was 15.24, down 19.6% from FY2024.
- Annual EV to EBITDA has declined for four straight years.
- Across earlier years, EV to EBITDA came in at 18.94 in FY2024 (-25.5%), 25.44 in FY2023 (-1.4%), 25.79 in FY2022 (-55.9%) and 58.43 in FY2021 (+38.0%).
- The Q2 2026 figure is the lowest quarterly EV to EBITDA in data going back to Q1 2012.
- On a year-over-year basis, EV to EBITDA has declined for eight consecutive quarters, with an average decline of 31.2% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 38.0% in Q4 2021, against a decline of 64.7% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 9.22 (Q1 2026), 15.24 (Q4 2025) and 11.29 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn |
| 10 | Science Applications International | 5.50 Bn | 5.04 Bn | 239.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.80 |
| Mar 31, 2026 | 9.22 |
| Dec 31, 2025 | 15.24 |
| Sep 30, 2025 | 11.29 |
| Jun 30, 2025 | 13.59 |
| Mar 31, 2025 | 13.27 |
| Dec 31, 2024 | 18.94 |
| Sep 30, 2024 | 14.96 |
| Jun 30, 2024 | 15.91 |
| Mar 31, 2024 | 23.95 |
| Dec 31, 2023 | 25.44 |
| Sep 30, 2023 | 20.00 |
| Jun 30, 2023 | 15.83 |
| Mar 31, 2023 | 23.65 |
| Dec 31, 2022 | 25.79 |
| Sep 30, 2022 | 29.17 |
| Jun 30, 2022 | 24.91 |
| Mar 31, 2022 | 23.96 |
| Dec 31, 2021 | 58.43 |
| Sep 30, 2021 | 54.99 |
API Access
EPAM Systems EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=EPAM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "EPAM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=EPAM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();