EPAM Systems EPAM
NYSE EPAM
$117.15 -2.78 (-2.32%)
At close: Sep 4, 2026 · 4:00 PM EDT

EPAM Systems (EPAM) EV to EBITDA (2012 - 2026)

EPAM Systems' (EPAM) quarterly EV to EBITDA came in at 21.71 in Q2 2026, down 68.83% year-over-year from 69.64 in Q2 2025, and down 58.49% quarter-over-quarter from 52.3 in Q1 2026.

Analysis

EPAM Systems (EPAM) EV to EBITDA (2012 - 2026) Analysis & Trends

EPAM Systems (EPAM) has reported EV to EBITDA for 15 consecutive years, with 21.71 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBITDA fell 68.83% year-over-year to 21.71 in Q2 2026; TTM through Jun 2026 was 5.87, a 64.07% decrease from a year earlier, with the FY2025 full-year figure at 17.14, down 13.8% from the prior year.
  • EV to EBITDA was 21.71 for Q2 2026 at EPAM Systems, down from 52.3 in the prior quarter.
  • Over five years, EV to EBITDA peaked at 167.22 in Q2 2022 and troughed at 21.71 in Q2 2026.
  • A 5-year average of 90.02 and a median of 86.21 in 2024 frame the typical range for EV to EBITDA.
  • Across the five-year window, EV to EBITDA climbed 22.38% in 2023 and tumbled 68.83% in 2026, its largest moves.
  • Over 5 years, EV to EBITDA stood at 100.63 in 2022, then rose by 22.38% to 123.16 in 2023, then dropped by 28.56% to 87.99 in 2024, then fell by 25.19% to 65.82 in 2025, then plunged by 67.02% to 21.71 in 2026.
  • The last three EV to EBITDA figures came in at 21.71 (Q2 2026), 52.3 (Q1 2026), and 65.82 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Infosys 47.37 Bn 47.42 Bn 1.60 Bn
2 Cognizant Technology Solutions 28.16 Bn 27.11 Bn 1.83 Bn
3 Cgi 14.44 Bn 13.86 Bn -
4 EPAM Systems 6.04 Bn 5.25 Bn 429.57 Mn
5 ExlService Holdings 5.56 Bn 5.27 Bn 225.96 Mn
6 Science Applications International 5.32 Bn 5.20 Bn 239.00 Mn
7 Kyndryl Holdings 2.86 Bn 850.31 Mn 776.00 Mn
8 Formula Systems (1985) 1.98 Bn 1.56 Bn 158.43 Mn
9 Innodata 1.91 Bn 1.66 Bn 42.46 Mn
10 DXC Technology 1.86 Bn 135.62 Mn 611.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 21.71
Mar 31, 2026 52.30
Dec 31, 2025 65.82
Sep 30, 2025 48.90
Jun 30, 2025 69.64
Mar 31, 2025 84.44
Dec 31, 2024 87.99
Sep 30, 2024 52.14
Jun 30, 2024 73.50
Mar 31, 2024 126.24
Dec 31, 2023 123.16
Sep 30, 2023 112.42
Jun 30, 2023 77.44
Mar 31, 2023 128.67
Dec 31, 2022 100.63
Sep 30, 2022 106.98
Jun 30, 2022 167.22
Mar 31, 2022 121.26
Dec 31, 2021 220.70
Sep 30, 2021 215.68