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U.S. IT Consulting Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies79
  • 7D5.6%
  • 3M-17.5%
  • 1Y-22.5%
  • YTDn/a

In the last week, the IT Consulting industry is up 5.6%, with International Business Machines up 8.1%. During this same period, the TSS underperformed, falling 9.8%. However, the industry is down 23% over the past year. 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
Tue, 10 Mar 2026US$453.2bUS$213.7bUS$22.6b16.9x20.1x2.1x
Thu, 05 Feb 2026US$507.9bUS$213.4bUS$22.8b19.5x22.3x2.4x
Sat, 03 Jan 2026US$576.0bUS$241.4bUS$21.2b21.6x27.2x2.4x
Mon, 01 Dec 2025US$571.1bUS$240.4bUS$21.3b23.9x26.9x2.4x
Wed, 29 Oct 2025US$569.7bUS$240.0bUS$21.6b21.5x26.4x2.4x
Fri, 26 Sep 2025US$492.4bUS$208.2bUS$18.6b21x26.4x2.4x
Sun, 24 Aug 2025US$484.2bUS$207.0bUS$18.9b22.6x25.6x2.3x
Tue, 22 Jul 2025US$552.5bUS$205.3bUS$18.7b22.8x29.6x2.7x
Thu, 19 Jun 2025US$569.0bUS$204.0bUS$18.4b24.7x30.9x2.8x
Sat, 17 May 2025US$568.0bUS$204.0bUS$18.4b27.5x30.8x2.8x
Mon, 14 Apr 2025US$502.1bUS$203.4bUS$18.5b26.6x27.2x2.5x
Wed, 12 Mar 2025US$573.0bUS$202.5bUS$18.3b37.1x31.3x2.8x
Fri, 07 Feb 2025US$637.4bUS$202.6bUS$18.2b36.2x35.1x3.1x
Sun, 05 Jan 2025US$559.4bUS$202.4bUS$18.2b35.2x30.7x2.8x
Tue, 03 Dec 2024US$573.9bUS$201.1bUS$17.8b40.7x32.2x2.9x
Thu, 31 Oct 2024US$550.5bUS$202.3bUS$17.4b39.3x31.7x2.7x
Sat, 28 Sep 2024US$567.2bUS$203.1bUS$19.5b37.3x29.1x2.8x
Mon, 26 Aug 2024US$519.1bUS$202.6bUS$19.2b34.1x27x2.6x
Wed, 24 Jul 2024US$505.3bUS$203.0bUS$18.8b30.7x26.9x2.5x
Fri, 21 Jun 2024US$450.7bUS$203.3bUS$18.9b28.7x23.9x2.2x
Sun, 19 May 2024US$465.8bUS$203.3bUS$18.9b26.2x24.7x2.3x
Tue, 16 Apr 2024US$485.6bUS$199.2bUS$17.1b21.6x28.4x2.4x
Thu, 14 Mar 2024US$551.0bUS$199.2bUS$17.0b22.2x32.4x2.8x
Sat, 10 Feb 2024US$535.9bUS$199.2bUS$17.1b22.7x31.3x2.7x
Mon, 08 Jan 2024US$483.3bUS$199.9bUS$16.4b19.3x29.6x2.4x
Wed, 06 Dec 2023US$483.4bUS$199.4bUS$16.3b20.3x29.6x2.4x
Fri, 03 Nov 2023US$426.5bUS$199.3bUS$16.2b18.9x26.3x2.1x
Sun, 01 Oct 2023US$434.7bUS$198.8bUS$11.4b21.4x38.3x2.2x
Tue, 29 Aug 2023US$447.1bUS$198.3bUS$11.7b18.4x38.3x2.3x
Thu, 27 Jul 2023US$445.6bUS$200.5bUS$11.4b24.1x39x2.2x
Sat, 24 Jun 2023US$415.7bUS$200.6bUS$11.3b21.9x36.7x2.1x
Mon, 22 May 2023US$409.7bUS$201.4bUS$10.4b21.8x39.3x2x
Wed, 19 Apr 2023US$380.7bUS$193.9bUS$10.7b22.3x35.5x2x
Fri, 17 Mar 2023US$357.1bUS$192.9bUS$10.8b20.2x33.1x1.9x
Price to Earnings Ratio

33.1x


Total Market Cap: US$357.1bTotal Earnings: US$10.8bTotal Revenue: US$192.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 30.2x202420252026
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 20.1x which is lower than its 3-year average PE of 30.2x.
  • 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 Market-2.17%
Tech-0.39%
IT4.94%
IT Consulting5.57%
Internet Services and Infrastructure4.30%
Data Processing Services3.48%
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
IBM International Business MachinesUS$253.335.8%
+US$13.1b		-1.4%PE22.5x
ACN AccentureUS$209.361.7%
+US$2.1b		-37.6%PE16.9x
CTSH Cognizant Technology SolutionsUS$64.651.8%
+US$550.0m		-23.0%PE13.9x
IT GartnerUS$166.394.5%
+US$501.6m		-64.7%PE16.1x
EPAM EPAM SystemsUS$146.265.1%
+US$384.4m		-23.2%PE21x

Latest News

GDYN
US$6.51
Grid Dynamics Holdings
7D
-4.7%
1Y
-61.2%
ASGN
US$40.33
ASGN
7D
-1.6%
1Y
-43.7%
EPAM
US$146.26
EPAM Systems
7D
5.1%
1Y
-23.2%

EPAM: AI And Pricing Execution Will Support Transition Rerating Despite 2026 Headwind

The updated analyst price target for EPAM Systems reflects a modest recalibration lower, with our fair value estimate moving from about $207.53 to $191.18 as analysts factor in softer 2026 guidance tied to specific client headwinds. This is partially offset by ongoing confidence in AI related demand, pricing, and margin potential.
IT
US$166.39
Gartner
7D
4.5%
1Y
-64.7%

IT: Expanded Buybacks Will Support Long Term Shareholder Returns

Analysts have revised their price target for Gartner to reflect a lower implied fair value of about $253, citing updated assumptions around revenue growth, profitability, discount rates, and a materially reduced future P/E multiple. 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 US$599.11 million under its existing buyback authorization (Key Developments).
DOX
US$69.24
Amdocs
7D
1.7%
1Y
-23.5%

DOX: Reset Guidance And Capital Returns Will Support Future Repricing

Analysts have reduced their Amdocs price targets by roughly $10 to $20, citing updated assumptions around discount rates and future P/E, while maintaining a broadly unchanged view of the stock’s fair value. Analyst Commentary Recent research updates keep the core investment view on Amdocs largely intact, even as price targets are reset to reflect revised discount rates and updated P/E assumptions.
IBM
US$253.33
International Business Machines
7D
5.8%
1Y
-1.4%
III
US$4.27
Information Services Group
7D
-11.8%
1Y
31.8%

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

Analysts have nudged their price target on Information Services Group slightly higher to $7.17, reflecting small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping their overall fair value view effectively unchanged. What's in the News ISG launched a standardized revenue cycle contract management framework for U.S. healthcare providers, aiming to make contracts measurable and governable and citing examples where clients saw up to 50% operating cost savings and multi million dollar revenue gains (Key Developments).
WYY
US$4.49
WidePoint
7D
-6.7%
1Y
25.1%

WYY: Steady Outlook And New Managed Services Award Will Support Future Upside

Analysts have kept their price target for WidePoint steady at $9.33, citing unchanged fair value estimates along with only minor tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News WidePoint announced a Phase One contract award valued at $1.3 million for its Managed Services division with a leading beverage bottler, focused on delivering hardware and software solutions to support the bottler's near term growth goals and operational scalability (Key Developments).
ACN
US$209.36
Accenture
7D
1.7%
1Y
-37.6%
GLOB
US$50.43
Globant
7D
4.0%
1Y
-61.7%

GLOB: Reset Expectations And AI Transition Shape A More Balanced 2026 Outlook

Our analyst fair value estimate for Globant has been cut from $74 to $50 as analysts reset price targets lower across the Street, citing sector wide multiple compression, pressured near term growth, and lingering questions around the net impact of its rapidly scaling AI pod model despite solid Q4 results and stronger bookings. Analyst Commentary Street research around Globant has turned more cautious, with a series of lower price targets pointing to ongoing debate about how quickly the business can re-accelerate growth and how the market should value its transition toward AI driven offerings.
CTSH
US$64.65
Cognizant Technology Solutions
7D
1.8%
1Y
-23.0%

CTSH: AI Partnerships And New Long Term Deals Will Support Upside

The analyst price target for Cognizant Technology Solutions has been trimmed by less than $1, as analysts balance slightly lower fair value and growth assumptions with recent mixed target changes across the Street and growing interest in the company’s AI traction. Analyst Commentary Recent research on Cognizant Technology Solutions has been active, with several firms adjusting price targets in both directions and a series of fresh initiations and upgrades.
KD
US$13.08
Kyndryl Holdings
7D
1.9%
1Y
-61.4%

KD: AI Security Services And Buybacks Will Support Future Upside

Analysts have revised their price target on Kyndryl Holdings from $25.33 to $19.00. The change reflects updated views on more moderate revenue growth assumptions, a lower profit margin outlook, and a slightly higher future P/E multiple.
RPGL
US$1.16
Republic Power Group
7D
-34.8%
1Y
n/a
TAOP
US$1.30
Taoping
7D
-12.8%
1Y
-85.8%

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Jan 30
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HKIT
US$0.95
Hitek Global
7D
-48.7%
1Y
-20.4%
CTM
US$0.89
Castellum
7D
-8.3%
1Y
-17.2%