# Grid Dynamics Holdings Inc. (GDYN) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / IT Services. Price $8.05, market value $653 million.

## Valuation
- **P/E (trailing): 268.5×** (5-yr avg 263.4×, 3-yr avg 263.4×). Grid Dynamics Holdings Inc. trades at 268.5× trailing earnings, close to its own five-year average of 263.4×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 15.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.13**. A PEG of 0.13 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.5×**. Each dollar of revenue is priced at 1.5×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.9×**. Enterprise value is 16.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.4%** (5-yr avg 2.3%). Free cash flow equals 2.4% of the market value, in line with its five-year average of 2.3%.
- **Earnings yield: 0.4%**. The inverse of the P/E: 0.4% of the price is earned each year.

## Profitability
- **Gross margin: 34.7%**. Grid Dynamics Holdings Inc. keeps 34.7% of revenue after the direct cost of what it sells.
- **Operating margin: -0.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 2.3%**. 2.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.8%**. 1.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -0.8%**. Return on all capital, debt included, is -0.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.5%**. Each dollar of assets produces 0.5% of profit.

## Growth
- **Revenue growth (1 yr): 17.5%** (3-yr 9.9%/yr, 5-yr 29.9%/yr). Revenue grew 17.5% over the last year, against 29.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 120.0%**. Earnings per share rose 120.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -0.4%/yr**. Free cash flow has compounded at -0.4% a year over three years.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Grid Dynamics Holdings Inc. holds more cash than debt.
- **Current ratio: 8.43** (quick 8.43). Current assets cover the next year's liabilities 8.43 times.
- **Altman Z-score: 8.20**. A Z-score of 8.20 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Grid Dynamics Holdings Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 2.5%** (YTD -10.8%, 3-mo 23.0%). The shares are up 2.5% over twelve months including dividends.
- **From 52-week high: -21.1%** (57.6% above the low). Trading 21% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 1.25** (volatility 58%). Beta of 1.25 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GDYN · Page: https://foliofundamentals.com/stocks/gdyn

Not investment advice.