Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 8.40.
Forward PE Ratio (8.40) = Close Price ($110.34) / Consensus Forward EPS ($13.14)
FORWARD PE RATIO
8.40
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
-69.05%
vs the sector median at left
EPAM Systems, Inc.
Market Cap
$5.76B
Forward PE Ratio
8.40
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| EPAM Systems, Inc. (EPAM) | $5.76B | 8.40 |
| Klaviyo, Inc. (KVYO)vs › | $5.49B | N/A |
| Genpact Limited (G)vs › | $6.30B | 9.01 |
| Plexus Corp. (PLXS)vs › | $6.43B | 27.63 |
| Lyft, Inc. (LYFT)vs › | $6.63B | 30.17 |
| Dave Inc. (DAVE)vs › | $4.77B | 26.17 |
| Bill.com Holdings, Inc. (BILL)vs › | $4.76B | 18.07 |
| Duolingo, Inc. (DUOL)vs › | $6.81B | 52.82 |
| Camtek Ltd. (CAMT)vs › | $6.85B | N/A |
| Box, Inc. (BOX)vs › | $4.56B | 25.57 |
Trailing P/E
14.9
reported TTM EPS
Forward P/E
8.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $13.14 implies +78.0% EPS growth vs the reported trailing $7.38.
At today's $110.34 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $13.14 | $13.02 – $13.30 | 14 | 8.4x |
| 2027-12-31 | $14.10 | $13.35 – $14.78 | 14 | 7.8x |
| 2028-12-31 | $15.17 | $14.14 – $16.19 | 8 | 7.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute