EPAM

EPAM Systems, Inc.

Technology · $5.7B market cap

Share price

$108.29

close of Oct 3, 2026

Fair value

$150.33

Sticker Price

Payback Price

$60.13

buy price

Undervalued

EPAM is Undervalued: at $108.29 it trades 28% below its fair value of $150.33. Its buy price (Payback Price) is $60.13, 44% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 4% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth19.9% a year✓

Equity per share growth21.7% a year✓

Sales growth24.3% a year✓

Free cash flow growth21.6% a year✓

Return on invested capital10.3%✓

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Superinvestors

1 of the investors we track holds EPAM. In Q2 2026, 1 opened a position. Who we track

Greenhaven Associates

Greenhaven Associates · as of Q2 2026

$46.6M

587,300 shares

Moves in Q2 2026

New position: Greenhaven Associates

Insider activity

Since Sep 1, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

Fejes Balazs

CEO, President, Director · 2026-09-01

Tax withholding

$49K

About EPAM Systems, Inc.

EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management…

Information Technology Services