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U.S. IT Consulting Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies80
  • 7D-2.8%
  • 3M-14.5%
  • 1Y-25.5%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.8%, driven by pullbacks in Accenture and International Business Machines of 4.0% and 2.0%, respectively. Meanwhile, ASGN actually outperformed within the industry, gaining 9.2% in the last week. However, the industry is down 26% over the past year. Earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

Has the U.S. IT Consulting Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026US$448.4bUS$213.7bUS$22.5b17.4x20x2.1x
Wed, 21 Jan 2026US$561.3bUS$211.0bUS$20.0b22x28.1x2.7x
Fri, 19 Dec 2025US$588.1bUS$241.6bUS$21.2b23.3x27.7x2.4x
Sun, 16 Nov 2025US$559.9bUS$240.7bUS$21.3b22.1x26.3x2.3x
Tue, 14 Oct 2025US$527.1bUS$238.6bUS$19.6b20.4x26.9x2.2x
Thu, 11 Sep 2025US$492.3bUS$207.0bUS$18.9b19.6x26x2.4x
Sat, 09 Aug 2025US$476.9bUS$207.0bUS$19.2b21.9x24.9x2.3x
Mon, 07 Jul 2025US$575.7bUS$205.3bUS$18.7b25.1x30.8x2.8x
Wed, 04 Jun 2025US$554.8bUS$204.0bUS$18.4b26.5x30.1x2.7x
Fri, 02 May 2025US$518.6bUS$203.8bUS$18.1b26.3x28.7x2.5x
Sun, 30 Mar 2025US$531.2bUS$203.4bUS$18.4b30.2x28.8x2.6x
Tue, 25 Feb 2025US$602.1bUS$202.7bUS$18.2b35.3x33.2x3x
Thu, 23 Jan 2025US$567.6bUS$202.4bUS$18.2b35.2x31.2x2.8x
Sat, 21 Dec 2024US$573.2bUS$202.6bUS$18.1b38.2x31.6x2.8x
Mon, 18 Nov 2024US$541.9bUS$201.1bUS$17.8b40x30.4x2.7x
Wed, 16 Oct 2024US$576.8bUS$202.2bUS$19.4b39.7x29.7x2.9x
Fri, 13 Sep 2024US$542.9bUS$202.6bUS$19.2b35.3x28.3x2.7x
Sun, 11 Aug 2024US$499.8bUS$202.5bUS$19.2b28.5x26x2.5x
Tue, 09 Jul 2024US$467.6bUS$203.0bUS$18.8b29.6x24.9x2.3x
Thu, 06 Jun 2024US$446.6bUS$203.3bUS$18.9b28.4x23.7x2.2x
Sat, 04 May 2024US$457.0bUS$203.9bUS$17.7b21.2x25.8x2.2x
Mon, 01 Apr 2024US$519.1bUS$199.2bUS$17.1b22.6x30.3x2.6x
Wed, 28 Feb 2024US$538.9bUS$199.2bUS$17.0b21.6x31.7x2.7x
Fri, 26 Jan 2024US$523.8bUS$200.5bUS$16.8b21.6x31.1x2.6x
Sun, 24 Dec 2023US$501.8bUS$199.9bUS$16.3b20.2x30.7x2.5x
Tue, 21 Nov 2023US$466.3bUS$199.4bUS$16.3b20x28.6x2.3x
Thu, 19 Oct 2023US$428.7bUS$198.8bUS$11.4b19.2x37.7x2.2x
Sat, 16 Sep 2023US$447.1bUS$198.3bUS$11.7b21.2x38.3x2.3x
Mon, 14 Aug 2023US$437.8bUS$198.2bUS$11.7b21.3x37.3x2.2x
Wed, 12 Jul 2023US$434.3bUS$200.6bUS$11.3b24.7x38.4x2.2x
Fri, 09 Jun 2023US$426.1bUS$200.2bUS$11.1b24.3x38.4x2.1x
Sun, 07 May 2023US$387.6bUS$201.7bUS$11.7b19.8x33x1.9x
Tue, 04 Apr 2023US$389.4bUS$193.9bUS$10.7b20.8x36.3x2x
Thu, 02 Mar 2023US$373.4bUS$192.8bUS$10.8b19x34.5x1.9x
Price to Earnings Ratio

34.5x


Total Market Cap: US$373.4bTotal Earnings: US$10.8bTotal Revenue: US$192.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 30.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American IT Consulting and Other Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.0x which is lower than its 3-year average PE of 30.4x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 3.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. IT Consulting compare with similar industries?

US Market1.04%
Tech1.26%
IT-1.99%
IT Consulting-2.80%
Data Processing Services1.21%
Internet Services and Infrastructure-1.13%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ASGN ASGNUS$45.259.2%
+US$163.1m		-32.9%PE17x
DOX AmdocsUS$70.171.4%
+US$74.9m		-20.3%PE13.2x
ATGL Alpha Technology GroupUS$19.4812.0%
+US$34.2m		-52.5%PS338.8x
KD Kyndryl HoldingsUS$12.512.2%
+US$22.7m		-67.4%PE11.3x
GDYN Grid Dynamics HoldingsUS$6.813.5%
+US$19.5m		-68.1%PE41.6x

Latest News

IT
US$153.73
Gartner
7D
-3.1%
1Y
-68.5%

IT: Fair Outlook Will Balance Expanded Buybacks With Reset Earnings Assumptions

Analysts have maintained their $150 price target for Gartner, citing a slightly higher discount rate, a modestly adjusted revenue growth outlook, a small uplift in profit margin, and a lower assumed future P/E multiple as the key factors in their updated assessment. What's in the News From October 1, 2025 to December 31, 2025, Gartner repurchased 2,233,218 shares, representing 3.06% of its shares, for $599.11 million under its existing buyback program.
DOX
US$70.17
Amdocs
7D
1.4%
1Y
-20.3%

DOX: Reset Guidance And Shareholder Returns Will Support Future Earnings Rebound

Analysts have reduced their price targets for Amdocs by $19 and $9, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E as the main reasons for the adjustment. Analyst Commentary Recent target cuts suggest analysts are reassessing how they value Amdocs, focusing on what they see as more conservative assumptions for fair value, discount rates, revenue growth, profit margins and future P/E levels.
EPAM
US$138.85
EPAM Systems
7D
-16.5%
1Y
-33.5%
BBAI
US$3.86
BigBear.ai Holdings
7D
-5.4%
1Y
-43.2%

BBAI: Lumpy Federal Contracts Will Eventually Reward Patience Despite Ongoing Margin Pressure

Analysts have trimmed their average price target for BigBear.ai to $6 from $7, citing recent research that highlights pressured near term fundamentals, a 20.1% year over year revenue decline in Q3 tied to federal program disruptions, and continued execution risk around lumpy government contracts and ongoing operating losses. Analyst Commentary Bearish analysts have taken a more cautious stance on BigBear.ai, pointing to recent operating trends and contract timing as key sources of risk.
GDYN
US$6.81
Grid Dynamics Holdings
7D
3.5%
1Y
-68.1%
ASGN
US$45.25
ASGN
7D
9.2%
1Y
-32.9%

ASGN: AI And Automation Services Will Support Future Multiple Re-Rating

Narrative Update on ASGN The analyst fair value estimate for ASGN has shifted from $63.00 to $65.00. Analysts generally point to higher modeled revenue growth, a slightly lower discount rate, and a more conservative future P/E assumption as drivers of the updated price target range echoed in recent Street research moves.
III
US$4.76
Information Services Group
7D
0.4%
1Y
55.6%

III: Expanded AI And Cybersecurity Research Program Will Support Future Earnings Upside

Analysts maintained their $7.17 price target on Information Services Group, citing essentially stable views on the discount rate, revenue growth, profit margin, and future P/E assumptions, which together keep their overall valuation framework intact. What's in the News ISG launched a global research study on AI driven governance, risk, compliance and fraud services for enterprises, with findings to be published in its Specialty Analytics and AI Services GRCF report planned for August 2026 (Key Developments).
IBM
US$257.16
International Business Machines
7D
-2.0%
1Y
-1.7%

IBM: Execution Risks Around Confluent Integration Will Define Future Downside

Analysts have raised their price targets on International Business Machines, supporting a fair value increase from $198.00 to approximately $232.21. They attribute this change to updated assumptions regarding revenue growth, margins, and future P/E multiples.
GLOB
US$45.82
Globant
7D
-7.2%
1Y
-69.8%

GLOB: GenAI Shift And FIFA Deal Are Expected To Unlock Future Upside

Analysts have nudged their average price target for Globant modestly higher, reflecting slightly stronger assumptions for revenue growth and margins as the company refocuses on GenAI driven work, while still keeping valuation expectations such as future P/E relatively contained. Analyst Commentary Recent research on Globant highlights a mix of optimism around its GenAI repositioning and caution regarding the pace of its revenue recovery and the time needed for a new business model to settle in.
CTSH
US$65.03
Cognizant Technology Solutions
7D
-2.3%
1Y
-23.4%

CTSH: AI Partnerships And Healthier Bookings Will Support Future Upside

Analysts have made a modest downward adjustment to their fair value estimate for Cognizant Technology Solutions, trimming the price target by about $0.52 to $90.88 as they weigh stronger projected revenue growth and slightly lower discount rates against softer margin and future P/E assumptions. Analyst Commentary Recent Street research on Cognizant Technology Solutions shows a mix of optimism and caution, with several firms adjusting price targets and ratings over the past few months.
BNAI
US$19.00
Brand Engagement Network
7D
-9.2%
1Y
331.9%
KD
US$12.51
Kyndryl Holdings
7D
2.2%
1Y
-67.4%
ACN
US$215.35
Accenture
7D
-4.0%
1Y
-40.9%
ATGL
US$19.48
Alpha Technology Group
7D
12.0%
1Y
-52.5%
CHOW
US$0.75
ChowChow Cloud International Holdings
7D
19.9%
1Y
n/a
CTM
US$0.92
Castellum
7D
11.7%
1Y
18.5%