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.
GDYN
Grid Dynamics Holdings, Inc.
$7.83TechnologyDelayed quote: Oct 6, 2026, 10:00 AM EDT
IBEX
IBEX Limited
$43.18TechnologyDelayed quote: Oct 6, 2026, 10:00 AM EDT
Total return — GDYN vs IBEX
growth of $100 · dividends reinvested · last 6yGDYN +13.0% (+2.1%/yr)IBEX +181.4% (+18.8%/yr)IBEX compounded faster over this window
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
| Metric | GDYN | IBEX |
|---|---|---|
| P/E ratio | 287.87 | 13.80 |
| Forward P/E | N/A | 11.67 |
| PEG ratio | N/A | 0.16 |
| P/S ratio | 1.50 | 0.90 |
| P/B ratio | 1.22 | 3.40 |
| EV / EBITDA | 14.72 | 8.12 |
| FCF yield | 2.52% | 5.40% |
Profitability
| Metric | GDYN | IBEX |
|---|---|---|
| Gross margin | 34.72% | 29.17% |
| Operating margin | -0.44% | 8.53% |
| Net margin | 0.68% | 7.19% |
| ROE | 0.55% | 27.22% |
| ROIC | -0.19% | 21.85% |
Growth (annualized)
| Metric | GDYN | IBEX |
|---|---|---|
| Revenue CAGR (5Y) | 24.16% | 7.74% |
| EPS CAGR (5Y) | N/A | 84.83% |
| 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.
Go deeper
Dig into the metrics
Grid Dynamics P/E ratioIBEX P/E ratioGrid Dynamics ROEIBEX ROEGrid Dynamics operating marginIBEX operating marginGrid Dynamics revenue growthIBEX revenue growthGrid Dynamics free cash flowIBEX free cash flow
Grid Dynamics & IBEX appear in these rankings
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.