EPAM Systems, Inc. (EPAM) Fair Value 2026

EPAM · Information Technology Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.2 /10

32 fundamental signals · 12 models active

Value Trap Risk

LOW (31/100)

Quick Summary — As of 2026-08-27, EPAM Systems, Inc. (EPAM) trades at $112.77, versus a $117.51 median fair value across its 12 active models — 4.2% above the current price. QOC: 8.2/10. Value Trap Risk: 31/100 (LOW). 12/13 models active. Within that set, the Bayesian DCF component alone returns $173.59.

Key Facts

Ticker
EPAM
Price
$112.77
Quality Score
8.2/10
Value Trap Risk
31/100
Models Active
12/13
Last Updated
Strength: First Chicago suggests +58.9% upside with 56% confidence
Risk: Limited model coverage (12/13) may reduce confidence

Is EPAM Systems, Inc. (EPAM) Undervalued or Overvalued in 2026?

According to CirclFi’s 12-model valuation engine, EPAM Systems, Inc. (EPAM) appears fairly valued as of : the median of 12 independent fair value estimates is $117.51, within 4.2% of the current price of $112.77. Estimates range from $19.92 to $196.42. EPAM scores 8.2/10 on fundamental quality and 31/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. EPAM’s +4.2% gap is narrower than that market norm, and the Information Technology Services sector median is +4.0%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy EPAM Systems, Inc. Stock in 2026? →

What Fair Value Does Each Model Give EPAM?

12 Intrinsic Value Models vs. Current Price ($112.77)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $173.59 +53.9%
Intrinsic · High Conviction
 $101.00 -10.4%
Ensemble · Medium Conviction
 $115.85 +2.7%
Scenario · High Conviction
 $179.16 +58.9%
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What Is EPAM's Fair Value Range?

Spread across 12 independent models · $19.92 to $196.42

CirclFi's 12 active models place EPAM Systems, Inc. (EPAM) between $19.92 and $196.42 per share, a spread of 150% of the median. The median of that range — $117.51 — is the fair value CirclFi publishes for EPAM, against a current price of $112.77.

Low · Dynamic NAVHigh · Regime Cross
$19.92median $117.51$196.42
Where the range comes from
Most bearish modelDynamic NAV$19.92
Most bullish modelRegime Cross-Sectional$196.42
Model agreement6 bullish · 5 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for EPAM. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on EPAM, not a CirclFi price target. How each model works →

What Is EPAM Systems, Inc. (EPAM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, EPAM Systems, Inc.'s intrinsic value is estimated at a median $117.51, showing conflicting signals at the current price of $112.77. While the median implied return is +4.2%, model disagreement is elevated with a gap of +156.5% between the most bullish and bearish estimates. The most optimistic model, Regime Cross, places fair value at $196.42 (+74.2%), while Dynamic NAV — the most conservative — estimates $19.92 (-82.3%). This +156.5% gap reflects genuine analytical uncertainty about EPAM Systems, Inc.'s intrinsic worth. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About EPAM?

12 of 13 models are currently active for EPAM. Of these, 7 models suggest upside while 5 models suggest overvaluation. Taken together, their median fair value for EPAM is $117.51 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $173.59 on its own, implying +53.9% upside from the current price. See which stocks rank higher →

How Does EPAM Rank in Information Technology Services?

Among 83 Information Technology Services stocks, EPAM ranks #19 by Quality of Company score. CirclFi's QOC score of 8.2/10 evaluates 32 fundamental signals. A score of 8.2 places EPAM in the top tier.

See all Most Undervalued Information Technology Services Stocks →

As a technology sector, EPAM Systems, Inc. operates in a sector where rule of 40 score is a critical driver of valuation. Investors evaluating EPAM should weigh these sector-specific dynamics alongside our model-derived fair values.

Is EPAM a Value Trap?

CirclFi's Value Trap algorithm assigns EPAM a score of 31/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

12 of 13 models are active for EPAM Systems, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, EPAM Systems, Inc.'s fundamental quality profile registers 8.2/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +156.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every EPAM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across EPAM's 12 active models, average confidence is 47%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy EPAM Systems, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Information Technology Services Stocks Should You Also Analyze?

11 related Information Technology Services stocks with 13-model coverage

TSSITSS, Inc.QOC 8.3VRRMVerra Mobility CorporationQOC 8.2WITWipro LimitedQOC 8.3PENGPenguin Solutions, Inc.QOC 8.2SAICScience Applications International CorporationQOC 8.3CDWCDW CorporationQOC 8.1WYYWidePoint CorporationQOC 6.5TDTHTrident Digital Tech Holdings LtdQOC 5.2HKITHitek Global Inc.QOC 2.6INODInnodata Inc.QOC 9.3ITGartner, Inc.QOC 9.1

Read investment analysis: TSSI · VRRM · WIT · PENG · SAIC · CDW · WYY · TDTH · HKIT · INOD · IT

Which Other Stocks Have a Similar Quality Score to EPAM?

7 companies across all industries closest to EPAM’s Quality of Company score of 8.2/10.

CNACNA Financial CorporationQOC 8.2FBRTFranklin BSP Realty Trust, Inc.QOC 8.2IDXGInterpace Biosciences, Inc.QOC 8.2TXNTexas Instruments IncorporatedQOC 8.2PNCThe PNC Financial Services Group, Inc.QOC 8.2GRNTGranite Ridge Resources, Inc.QOC 8.2NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CNA · FBRT · IDXG · TXN · PNC · GRNT · NVDA

Where Does EPAM Sit in CirclFi's Information Technology Services Rankings?

EPAM is ranked against every other Information Technology Services stock CirclFi covers in each of these screens.

See all Information Technology Services stocks ranked →

What Else Do Investors Ask About EPAM Systems, Inc.’s Valuation?

What is EPAM Systems, Inc.'s intrinsic value in 2026?

CirclFi puts EPAM Systems, Inc. (EPAM)'s intrinsic value at $117.51 — the median of 12 independent model estimates as of 2026-08-27, ranging from $19.92 to $196.42. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $173.59 on its own. The Quality of Company score is 8.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is EPAM overvalued or undervalued right now?

At $112.77, 7 of 12 active models suggest EPAM may be undervalued, while 5 indicate potential overvaluation. The median of all 12 fair value estimates is $117.51, within 4.2% of the current price of $112.77 — a consensus view that EPAM is fairly valued. The assessment depends on which methodology best fits EPAM Systems, Inc.'s business model in Information Technology Services.

What does a Quality of Company score of 8.2 mean for EPAM?

EPAM Systems, Inc.'s QOC of 8.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on EPAM?

CirclFi analyzes EPAM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 12 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on EPAM?

Of the 12 models currently active on EPAM, Regime Cross-Sectional is the most bullish at $196.42 per share, and Dynamic NAV is the most bearish at $19.92. CirclFi's published fair value for EPAM is the median of that range, $117.51, not either extreme. The gap between the two ends equals 150% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is EPAM a value trap in 2026?

EPAM Systems, Inc.'s Value Trap score is 31/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 12-model valuation engine, EPAM Systems, Inc. (EPAM) has a median fair value of $117.51 — within 4.2% of the current price of $112.77 — as of 2026-08-27.” Source: circlfi.com/stock/EPAM/ · Methodology
Primary sources for this EPAM valuation
  • Financial statements: EPAM Systems, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001352010) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for EPAM as of ; valuations recomputed .

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