Grid Dynamics Holdings Inc (GDYN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Grid Dynamics Holdings Inc stock $4.42, price $13.10, that is 66.3% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $5.21 – $42.08 · fair‑value band $4.37 – $5.12 · the $13.10 price screens above the $4.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally.
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The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment.
It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms.
The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
Stock analysis
Grid Dynamics Holdings Inc (GDYN) currently trades at $13.10, while our model-based Fair Value estimate is $4.42, 66% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $10.20 per share, and 1 of the 24 models we run sit above the $13.10 price.
Bear case: the Earnings-Based group reads lowest at $3.49, and 23 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $4.37 (bear) to $5.12 (bull), the price of $13.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Grid Dynamics Holdings Inc reported revenue of $412M in FY2025 versus $211M in FY2021, a compound +18.2%/yr. Reported net income was $9.7M in FY2025.
Key figures
Market cap $1.1B Small · P/E ratio 145.6 · P/S ratio 2.51 · EPS (TTM) $0.0900 · Net margin 1.8% · Return on equity 1.5% · Return on assets (EBIT) −1.3% (5-year average) · Operating margin 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 5% below its 52-week high and 151% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at −66%, GDYN screens richer than that median.
Fair Value models
Bear$4.37Fair Value $4.42Bull$5.12
Price $13.10 · Downside -66.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.0769 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $756,718 and none bought.
SaleYury GryzlovCHIEF OPERATING OFFICER13× since Dec 5, 2025: 83,294 shares, avg. $8.61$716,990Nov 3, 2026
SaleAnil DoradlaCHIEF FINANCIAL OFFICER3× since Dec 9, 2025: 26,368 shares, avg. $10.39$273,880Oct 30, 202610b5-1 plan
SaleLeonard LivschitzCHIEF EXECUTIVE OFFICER, Director7× since Dec 3, 2025: 70,000 shares, avg. $9.68$677,500Oct 30, 202610b5-1 plan
SaleShuo ZhangDirector3,000 shares at $9.75$29,250Dec 15, 2025
Plus 16 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+17.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.9%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−14% → 1%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +17.7% a year for the price and +5.3% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 479 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−66.3% · Bottom 25%
Profitability
Return on equity (12 months)1.5% · Below median
Return on assets1.6% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.7% · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Grid Dynamics Holdings Inc (GDYN) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $4.42 versus a price of $13.10, about 66% lower (overvalued).
What is the fair value of GDYN?
Our model-based fair value for Grid Dynamics Holdings Inc is $4.42 (as of Nov 4, 2026), built from audited fundamentals. The current price: $13.10.
What is the quality score of GDYN?
Grid Dynamics Holdings Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Grid Dynamics Holdings Inc (GDYN)?
Our model-based price target is the fair value of $4.42 (as of Nov 4, 2026) from 24 valuation models. Cautious scenario $4.37, optimistic scenario $5.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Grid Dynamics Holdings Inc stock forecast for 2026?
Our models put fair value at $4.42, about 66% lower versus a price of $13.10 (overvalued). Cautious scenario $4.37, optimistic scenario $5.12. The calculation is refreshed regularly with new filings.
What is the revenue of Grid Dynamics Holdings Inc (GDYN)?
Grid Dynamics Holdings Inc reported trailing-twelve-month revenue of about $433M (latest available figure, as of Nov 4, 2026).
What growth is priced into Grid Dynamics Holdings Inc (GDYN)?
For today's price to be fair in a discounted-cash-flow model, Grid Dynamics Holdings Inc would have to grow free cash flow by +20.5 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +29.9 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of GDYN use?
Our models discount Grid Dynamics Holdings Inc at 11.1 %: a base by market capitalisation (small), damped by beta 0.96, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Grid Dynamics Holdings Inc that is +20.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Grid Dynamics Holdings Inc (GDYN) delivered so far?
Over the past 5 years revenue at Grid Dynamics Holdings Inc grew +29.9 % a year. The price currently implies free-cash-flow growth of +20.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Grid Dynamics Holdings Inc (GDYN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Grid Dynamics Holdings Inc (+20.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grid Dynamics Holdings Inc (GDYN)?
The free-cash-flow yield on the price is 2.32 %: that much free cash flow Grid Dynamics Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grid Dynamics Holdings Inc (GDYN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grid Dynamics Holdings Inc it is $4.42 per share (as of Nov 4, 2026), against a price of $13.10. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Grid Dynamics Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 4, 2026, GDYN trades above its calculated fair value: price $13.10, fair value $4.42, a gap of about −66% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GDYN?
No. The price is what the market pays today ($13.10); the fair value is what the company's own numbers justify ($4.42). For Grid Dynamics Holdings Inc the two are $8.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Grid Dynamics Holdings Inc worth?
The market values Grid Dynamics Holdings Inc at about $1.1B (market capitalisation, as of Nov 4, 2026). Per share that is $13.10; our models calculate a fair value of $4.42 per share.
What do the bullish and bearish scenarios say about GDYN?
Our models span a range for Grid Dynamics Holdings Inc: cautious scenario $4.37, base $4.42, optimistic $5.12 per share (as of Nov 4, 2026, price $13.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GDYN?
Grid Dynamics Holdings Inc trades at a price-to-earnings ratio of 145.6 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.42 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 187.1 (reported for FY2025: 119.1). Other multiples: P/B 2.0, P/S 2.5, EV/EBITDA 20.1.
How solid is the balance sheet of Grid Dynamics Holdings Inc (GDYN)?
Balance-sheet figures for Grid Dynamics Holdings Inc (as of Nov 4, 2026): return on equity 1.5%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is GDYN from its 52-week high?
Grid Dynamics Holdings Inc trades at $13.10, about 5% below its 52-week high of $13.75 and 151% above the low of $5.21 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.42 is for.
Which stocks are comparable to Grid Dynamics Holdings Inc?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Grid Dynamics Holdings Inc stock attractive at the current price?
The data as of Nov 4, 2026: price $13.10, calculated fair value $4.42 (−66%), Quality Score 57/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GDYN calculated?
We run Grid Dynamics Holdings Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $4.42 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Grid Dynamics Holdings Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Grid Dynamics Holdings Inc (GDYN)?
The closing price on Nov 6, 2026 was $13.10. Our model-based fair value is $4.42, about 66% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grid Dynamics Holdings Inc right now?
The price sits above even our optimistic bull case ($5.12). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Grid Dynamics Holdings Inc
How large is the market capitalisation of Grid Dynamics Holdings Inc (GDYN)?
The market capitalisation of Grid Dynamics Holdings Inc is $1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Grid Dynamics Holdings Inc (GDYN)?
The price-to-sales ratio of Grid Dynamics Holdings Inc is 2.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Grid Dynamics Holdings Inc (GDYN)?
Earnings per share at Grid Dynamics Holdings Inc are $0.0900 (price ÷ EPS = P/E 145.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Grid Dynamics Holdings Inc (GDYN)?
The net margin of Grid Dynamics Holdings Inc is 1.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Grid Dynamics Holdings Inc (GDYN)?
The return on equity (ROE) of Grid Dynamics Holdings Inc is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Grid Dynamics Holdings Inc (GDYN)?
On an EBIT basis the return on assets of Grid Dynamics Holdings Inc is −1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Grid Dynamics Holdings Inc (GDYN)?
The operating margin of Grid Dynamics Holdings Inc is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grid Dynamics Holdings Inc (GDYN)?
Revenue at Grid Dynamics Holdings Inc is growing +9.7% versus a year earlier (3y avg +9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Grid Dynamics Holdings Inc (GDYN)?
Earnings per share at Grid Dynamics Holdings Inc are growing +664% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Grid Dynamics Holdings Inc (GDYN) hold?
Grid Dynamics Holdings Inc holds more cash than debt, $325M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 4, 2026