Screened 2026-09-10 · the tape above runs as of 21:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
EPAM Systems holds its Markup at $114.52. The statistical read favours the buyers, held for 15 days.
As held on the ledger · 2026-09-10
Phase
Markup
Quantitative state
The statistical read favours the buyers, held for 15 days
Price at the screen
$114.52
Valuation
15.54 trailing · 8.14 forward price to earnings
Values screen
PASS· score 86.1
Beta
1.38
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
2.93%
Below 33%
Interest-bearing debt is just 2.9% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
49.05%
Below 49%
Money owed to the company is 49.0% of assets, under the 49% limit.
Pass
Revenue purity
0.21%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades at roughly a 31% discount to our $150.00 fair value, narrow competitive moat, 4.50% revenue growth.
Fair value range in USD, drawn from the 2026-09-10 screen. The gold marker is the market price at the same screen. A 31.0% margin of safety to the base estimate.
Third-party analyst targets: 17 covering, consensus Buy. The average target sits +5% from the screen price.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-10 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Digital Builders Trade at a Striking Discount
When firms need serious engineering to shift operations onto modern platforms, they call outfits like this one to do the heavy work. Revenue grows at 8 percent, the forward multiple sits at just 6.3 times, and the shares price at 88 dollars against a fair value near 164, leaving an 85 percent cushion that stands out once the ethical screen is cleared.
Profit margins run at 7 percent and return on equity reaches 11 percent, yet 17 analysts still cluster around a 131 dollar median target. The narrow moat keeps the business defensible without flashy promises, and the valuation gap looks wide enough to absorb modest setbacks.
The catch sits in that same narrow position and low-teens growth, where any spending pullback by clients or fresh price pressure from rivals can quickly erode returns. Low multiples on services businesses often signal exactly this kind of vulnerability rather than hidden value.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
EPAM trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-28Markup · changed$111.26+25.5%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 25.5% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 48%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (17 analysts) rates it buy, with a mean price target of $123.
2026-07-27Distribution$88.66-9.6%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 9.6% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 48%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (18 analysts) rates it buy, with a mean price target of $144.
2026-07-18Distribution$98.04+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 48%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (18 analysts) rates it buy, with a mean price target of $144.
2026-07-03Distribution$98.04+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$98.04Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
