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U.S. IT Consulting Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies76
  • 7D-3.0%
  • 3M-24.1%
  • 1Y-21.7%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.8%, driven by a pullback from International Business Machines of 3.5%. On the other hand ASGN is actually up 13%. Overall the industry is down 24% in 12 months. Earnings are forecast to grow by 8.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026US$416.1bUS$215.1bUS$22.6b15.2x18.4x1.9x
Sun, 22 Feb 2026US$448.4bUS$213.7bUS$22.5b17.4x20x2.1x
Tue, 20 Jan 2026US$561.3bUS$211.0bUS$20.0b23.1x28.1x2.7x
Thu, 18 Dec 2025US$583.9bUS$240.5bUS$21.3b24.8x27.5x2.4x
Sat, 15 Nov 2025US$562.7bUS$239.9bUS$21.0b22.1x26.8x2.3x
Mon, 13 Oct 2025US$527.1bUS$238.8bUS$19.6b19.8x26.9x2.2x
Wed, 10 Sep 2025US$493.1bUS$207.0bUS$18.9b20.3x26.1x2.4x
Fri, 08 Aug 2025US$482.8bUS$206.8bUS$19.2b22x25.2x2.3x
Sun, 06 Jul 2025US$575.7bUS$205.3bUS$18.7b25.1x30.8x2.8x
Tue, 03 Jun 2025US$553.4bUS$204.0bUS$18.4b26.4x30x2.7x
Thu, 01 May 2025US$516.2bUS$203.4bUS$18.0b26.4x28.7x2.5x
Sat, 29 Mar 2025US$537.6bUS$203.4bUS$18.4b30.2x29.1x2.6x
Mon, 24 Feb 2025US$602.1bUS$202.7bUS$18.1b39.5x33.2x3x
Wed, 22 Jan 2025US$563.7bUS$202.4bUS$18.2b35.3x31x2.8x
Fri, 20 Dec 2024US$552.4bUS$201.1bUS$17.8b37.5x31x2.7x
Sun, 17 Nov 2024US$541.9bUS$201.1bUS$17.8b40x30.4x2.7x
Tue, 15 Oct 2024US$570.0bUS$202.2bUS$19.4b41.7x29.3x2.8x
Thu, 12 Sep 2024US$542.9bUS$202.6bUS$19.2b34.7x28.3x2.7x
Sat, 10 Aug 2024US$500.2bUS$202.5bUS$19.2b28.5x26x2.5x
Mon, 08 Jul 2024US$467.6bUS$203.0bUS$18.8b30.1x24.9x2.3x
Wed, 05 Jun 2024US$442.5bUS$203.3bUS$18.9b27.4x23.4x2.2x
Fri, 03 May 2024US$454.9bUS$203.8bUS$17.8b21.3x25.5x2.2x
Sun, 31 Mar 2024US$519.1bUS$199.2bUS$17.1b22.6x30.3x2.6x
Tue, 27 Feb 2024US$538.6bUS$199.3bUS$17.0b22.4x31.7x2.7x
Thu, 25 Jan 2024US$526.0bUS$199.8bUS$16.4b21.2x32x2.6x
Sat, 23 Dec 2023US$501.8bUS$199.9bUS$16.3b20.2x30.7x2.5x
Mon, 20 Nov 2023US$466.3bUS$199.4bUS$16.3b20x28.6x2.3x
Wed, 18 Oct 2023US$433.8bUS$198.8bUS$11.4b19.4x38.2x2.2x
Fri, 15 Sep 2023US$447.1bUS$198.3bUS$11.7b21.2x38.3x2.3x
Sun, 13 Aug 2023US$437.8bUS$198.2bUS$11.7b21.3x37.4x2.2x
Tue, 11 Jul 2023US$431.6bUS$200.6bUS$11.3b24.8x38.1x2.2x
Thu, 08 Jun 2023US$424.6bUS$200.1bUS$11.1b24.2x38.2x2.1x
Sat, 06 May 2023US$387.6bUS$201.7bUS$11.7b19.8x33x1.9x
Mon, 03 Apr 2023US$388.6bUS$193.9bUS$10.7b20.7x36.2x2x
Price to Earnings Ratio

36.2x


Total Market Cap: US$388.6bTotal Earnings: US$10.7bTotal Revenue: US$193.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 30x202420252026
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 18.4x which is lower than its 3-year average PE of 30.0x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.9x.
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 Market-1.62%
Tech-3.55%
IT-3.81%
IT Consulting-3.04%
Internet Services and Infrastructure-4.53%
Data Processing Services-6.72%
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$39.9012.8%
+US$187.1m		-37.9%PE14.5x
DOX AmdocsUS$65.772.2%
+US$153.8m		-28.5%PE12.4x
KD Kyndryl HoldingsUS$12.823.6%
+US$101.5m		-60.3%PE11.6x
TSSI TSSUS$12.7216.6%
+US$50.3m		49.5%PE23.4x
DXC DXC TechnologyUS$12.191.8%
+US$35.6m		-29.9%PE4.9x

Latest News

ACN
US$196.42
Accenture
7D
-3.5%
1Y
-36.3%

ACN: GenAI Partnerships And AI Adoption Will Drive Enterprise Modernization

Accenture's fair value estimate is adjusted from about $283 to $252, as analysts temper revenue growth and profit margin assumptions and apply a lower future P/E multiple in response to a broad wave of reduced price targets, despite generally constructive views on the latest quarterly performance. Analyst Commentary Recent Street research around Accenture clusters around a common theme, with many firms trimming price targets while still generally acknowledging solid execution and a credible long term story in areas like GenAI and digital transformation.
DOX
US$65.77
Amdocs
7D
2.2%
1Y
-28.5%
TSSI
US$12.72
TSS
7D
16.6%
1Y
49.5%
HKIT
US$0.058
Hitek Global
7D
-94.5%
1Y
-95.7%
BBAI
US$3.32
BigBear.ai Holdings
7D
-11.0%
1Y
8.5%
IBM
US$241.67
International Business Machines
7D
-3.5%
1Y
-1.8%
EPAM
US$136.15
EPAM Systems
7D
0.4%
1Y
-21.9%

EPAM: AI Execution And Margin Expansion Will Support Future Upside

EPAM Systems' updated analyst price target of $263.49, reduced from $275.00, reflects a combination of lower assumed revenue growth and P/E multiples. At the same time, analyst views suggest that AI related demand, pricing trends, and margin initiatives continue to support the long term story, despite client specific and guidance related headwinds.
IT
US$156.60
Gartner
7D
-1.7%
1Y
-63.1%

IT: Ongoing Buybacks Will Support Future Upside Despite Lower Fair Value Assumptions

Analysts have revised their price target on Gartner down from about $284 to roughly $190, citing updates to fair value estimates that reflect changes in discount rate assumptions, revenue growth expectations, profit margin outlook, and projected future P/E levels. What's in the News From October 1, 2025 to December 31, 2025, Gartner repurchased 2,124,317 shares, representing 2.91% of its shares, for a total of $507.84 million under its ongoing buyback program (Key Developments).
CINT
US$4.83
CI&T
7D
-4.7%
1Y
-21.7%

CINT: UBS Upgrade And Q4 Execution Will Support Future Shareholder Returns

Analysts have nudged their average price target on CI&T slightly higher to around $7.10, reflecting a small trim to modeled fair value and P/E assumptions, along with more constructive views following recent Q4 results and rating upgrades. Analyst Commentary Recent Street research around CI&T highlights a mix of constructive and cautious views, with price targets clustering in a relatively tight range and reflecting different opinions on near term execution and client spending trends.
ASGN
US$39.90
ASGN
7D
12.8%
1Y
-37.9%

ASGN: Buybacks And M&A Execution Will Shape Future Upside Potential

ASGN's fair value estimate has shifted from $52.83 to $54.50 as analysts update their price targets, citing adjusted assumptions for revenue growth, profitability, discount rate, and future P/E in light of recent Street research moves from BMO Capital, Baird, Truist, and Wells Fargo. Analyst Commentary Recent price target changes cluster tightly, with several bullish analysts lifting their targets by US$2 and one by US$10, while a bearish analyst trimmed a target by US$2.
CTSH
US$60.76
Cognizant Technology Solutions
7D
-2.1%
1Y
-19.9%
DXC
US$12.19
DXC Technology
7D
1.8%
1Y
-29.9%

DXC: Future AI And Blockchain Banking Expansion Will Support Undervalued Upside Potential

Analysts have kept their $17.00 price target for DXC Technology unchanged, citing slightly softer expectations for revenue growth and profit margins, along with a marginally higher future P/E multiple, as key factors supporting their steady outlook. What's in the News DXC updated full fiscal year 2026 guidance, now expecting total revenue of about US$12.69b, described as a 4.3% organic year-over-year decline compared with the prior guided range of US$12.67b to US$12.81b, which was described as a 4.5% to 3.5% organic decline (Corporate guidance).
KD
US$12.82
Kyndryl Holdings
7D
3.6%
1Y
-60.3%
GLOB
US$45.35
Globant
7D
0.7%
1Y
-64.1%

GLOB: AI Pod Model And Bookings Strength Are Expected To Unlock Upside

Analysts cut the Globant fair value estimate to $73.36 from $84.64 after a wave of reduced price targets in the $50 to $78 range. They cited pressured near-term growth, slightly higher perceived risk, and lingering questions about the net impact of its fast-scaling AI pod model, despite solid Q4 results and strong bookings.
GDYN
US$5.72
Grid Dynamics Holdings
7D
-4.2%
1Y
-64.9%

GDYN: AI Demand And New Partnerships Will Support Future Margin Expansion

Analysts have reduced their blended fair value estimate for Grid Dynamics Holdings to $12 from $14, citing recent multiple compression across IT services peers, despite Q4 results that were broadly in line and continued momentum in AI related work. Analyst Commentary Bullish analysts remain constructive on Grid Dynamics Holdings even as they trim fair value estimates, pointing to solid execution in recent quarters and ongoing interest in AI focused work.
TAOP
US$1.48
Taoping
7D
14.7%
1Y
-81.0%

A Piece Of The Puzzle Missing From Taoping Inc.'s (NASDAQ:TAOP) 27% Share Price Climb

Jan 30
A Piece Of The Puzzle Missing From Taoping Inc.'s (NASDAQ:TAOP) 27% Share Price Climb