ExlService Holdings, Inc. (EXLS) Valuation — DCF, Graham & Comparables

ExlService Holdings, Inc. (EXLS) — Price $40.72 (closing price, October 28, 2026) — Technology — Information Technology Services — NASDAQ

Latest reported results:

Valuation dashboard for ExlService Holdings, Inc. (EXLS) with P/E 25.61, P/B 6.66, EV/EBITDA 15.10 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

ExlService Holdings, Inc. functions as a global provider of data analytics, digital operational solutions, and comprehensive services, operating across the United States and internationally. The company organizes its operations into distinct segments: Insurance, Healthcare, Analytics, and Emerging Business. For the insurance sector, EXL delivers a suite of digital transformation and analytics-driven services.

Analysis Summary

ExlService Holdings, Inc. reported revenue of $2.09B in the most recent fiscal year, growing at a 5-year CAGR of 16.8%. Net income reached $251.0M, with a 22.9% 5-year CAGR.

Trailing-twelve-month margins: gross margin 38.4%, operating margin 14.8%, net margin 11.1%.

At $40.72 (closing price, October 28, 2026), EXLS trades at a P/E of 25.61 and an ROE of 29.90%. Market capitalisation stands at $6.2B.

Balance sheet quality for EXLS: current ratio of 2.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio25.61
Price / Book6.66
EV / EBITDA15.10
Dividend Yield0.00%

Valuation Models

DCF Fair Value$49.96
vs Current Price+22.7%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
EXLSExlService Holdings, Inc.$6.2B25.616.6629.9%
CTSHCognizant Technology Solutions Corporation$29.9B14.272.1414.9%
INFYInfosys Limited$49.1B14.93439.8434.6%
WITWipro Limited$20.4B14.872.4315.9%
GGenpact Limited$6.6B11.532.5122.9%
MMSMaximus, Inc.$3.3B9.311.8821.7%
KDKyndryl Holdings, Inc.$3.1B9.622.9029.1%
DXCDXC Technology Company$2.6B21.740.844.1%

Price

Price$40.72 (closing price, October 28, 2026)
Market Cap$6.2B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity29.90%
Return on Invested Capital16.10%
Return on Assets12.57%
Gross Margin38.38%
Operating Margin14.78%
Net Margin11.13%

Related companies: CTSH · INFY · WIT · G · MMS · KD · DXC

Explore sector: Technology · Information Technology Services

More sections of EXLS: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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