Grid Dynamics Holdings, Inc. (GDYN) vs IBEX Limited (IBEX)

A side-by-side comparison of Grid Dynamics Holdings, Inc. and IBEX Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — GDYN vs IBEX

growth of $100 · dividends reinvested · last 6y
GDYN +13.0% (+2.1%/yr)IBEX +181.4% (+18.8%/yr)IBEX compounded faster over this window
200400600Start $100202120222023202420252026$113$281
GDYN IBEX

GDYN vs IBEX: by the numbers

  • •GDYN is the larger company ($635M vs $578M market cap).
  • •IBEX trades at the lower trailing earnings multiple (13.80 vs 287.87 P/E), one valuation lens rather than an overall verdict.
  • •IBEX converts more revenue to profit (7.19% vs 0.68% net margin).
  • •GDYN grew revenue faster over the past five years (24.16% vs 7.74% CAGR).

Metrics side by side

Valuation

MetricGDYNIBEX
P/E ratio287.8713.80
Forward P/EN/A11.67
PEG ratioN/A0.16
P/S ratio1.500.90
P/B ratio1.223.40
EV / EBITDA14.728.12
FCF yield2.52%5.40%

Profitability

MetricGDYNIBEX
Gross margin34.72%29.17%
Operating margin-0.44%8.53%
Net margin0.68%7.19%
ROE0.55%27.22%
ROIC-0.19%21.85%

Growth (annualized)

MetricGDYNIBEX
Revenue CAGR (5Y)24.16%7.74%
EPS CAGR (5Y)N/A84.83%
FCF CAGR (5Y)8.96%43.80%
Total return CAGR (5Y)-23.01%20.64%

Frequently asked

Which has the lower trailing P/E, GDYN or IBEX?
IBEX has the lower trailing P/E: GDYN trades at 287.87 and IBEX at 13.80. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GDYN or IBEX?
Over the past five years, GDYN grew revenue faster — GDYN at a 24.16% CAGR versus IBEX at 7.74%.
Is GDYN or IBEX more profitable?
IBEX runs the higher net margin — GDYN at 0.68% versus IBEX at 7.19%.
How have GDYN and IBEX total returns compared?
Over the past 5 years, GDYN delivered -23.01% and IBEX delivered 20.64% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.