• EPAM Systems average return on tangible equity for 2023 was 18.72, a 10.94% decline from 2022.
• EPAM Systems average return on tangible equity for 2022 was 21.02, a 10.59% decline from 2021.
• EPAM Systems average return on tangible equity for 2021 was 23.51, a 8.59% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.