EPAM Systems: AI Is Eating The Old Business, But 8.7x Earnings Is Too Cheap (NYSE:EPAM)

seekingalpha.com · 2026-09-02

EPAM Systems faces near-term revenue headwinds as AI cannibalizes legacy services but trades at 8.7x forward non-GAAP earnings. Read more on EPAM stock here.

TickrTrends take: EPAM Systems trades at a valuation multiple that TickrTrends currently assesses as undervalued relative to its fundamentals in the Technology sector. The headline indicates that while artificial intelligence is disrupting EPAM's traditional service lines, the market may be pricing in this business model transition too severely. Investors focused on valuation should monitor whether EPAM can successfully transition its revenue base toward AI-driven services while maintaining its earnings power, as this transition could justify a higher multiple if executed effectively.

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