US · USD

EXLS

ExlService Holdings Inc

$35.51+0.28% ($0.10)
Day's range
$35.37 – $35.76
Day's volume
$52.1M
52-week range
$25.22 – $43.38

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EXLS in numbers

Market cap
$5.4B
P/E
21.57
P/B
6.97
Dividend yield (12m)
0.00%
Net debt/EBITDA
0.42

EXLS trades at 21.57 times its earnings of the last 12 months.

EXLS price history

10/08/202510/07/2026
Compare with

EXLS risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-10.62%+25.17%+36.71%
Volatility (annualized)46.36%31.67%32.76%
Largest drawdown-39.07%-48.55%-48.55%
Positive months5/1220/3633/60

How much did investing in EXLS return?

$1,000.00 invested on 11/01/2021 would be worth $1,367.14 today.

Value today in EXLS
$1,367.14
Return over the period
+36.71%
Return per year
+6.55%
In the S&P 500
$1,708.29

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

EXLS fundamentals

Valuation

  • P/E21.57
  • P/B6.97
  • EV/EBITDA14.45
  • EV/EBIT17.08
  • EV/Revenue2.59
  • P/EBIT16.58
  • P/S2.52
  • P/OCF15.54
  • P/FCF18.29
  • Earnings yield5.85%
  • PEG ratio—
  • Earnings per share$1.65
  • Book value per share$5.10

Debt

  • Net debt$163.6M
  • Net debt/EBITDA0.42
  • Net debt/Equity0.21
  • Debt/Equity0.54
  • Current ratio2.66
  • Quick ratio—
  • Cash ratio0.85

Efficiency

  • Gross margin38.47%
  • EBITDA margin17.93%
  • Operating margin15.17%
  • Net margin11.66%
  • Asset turnover1.29

Profitability

  • ROE32.30%
  • ROA15.00%
  • ROIC26.78%
  • Payout0.00%

Growth

  • Revenue CAGR (5 years)17.24%
  • Earnings CAGR (5 years)20.50%
  • Revenue growth (year)—
  • Earnings growth (year)—
  • Revenue growth (quarter)—
  • Earnings growth (quarter)—

What is EXLS's fair price?

Two classic value formulas, with today's numbers. The current price is $35.51.

Graham's fair price
$13.74
61.30% below the price

√(22.50 × $1.65 × $5.10)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to EXLS: it paid no distributions in the last five years.

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

EXLS's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E26.4436.3227.7139.4641.8031.8535.2831.84
P/B7.277.755.757.446.943.963.562.92
EV/EBITDA17.7122.4317.3822.5323.1216.6617.8818.37
Earnings per share$1.61$1.22$1.11$4.29$3.46$2.67$1.97$1.65
Book value per share$5.84$5.73$5.37$22.77$20.87$21.48$19.50$18.01
ROE27.50%21.33%20.75%18.86%16.59%12.44%10.10%9.18%
ROIC28.35%22.80%23.17%20.28%19.11%15.75%10.71%7.55%
Gross margin38.37%37.59%37.27%36.50%38.44%34.90%33.88%33.77%
EBITDA margin17.87%17.34%17.72%17.58%18.31%16.75%12.98%11.16%
Net margin12.02%10.79%11.32%10.13%10.25%9.34%6.82%6.42%
Net debt/EBITDA-0.08-0.16-0.31-0.19-0.27-1.10-0.670.04

EXLS's financial statements

Line202520242023202220212020
Net revenue$2.1B$1.8B$1.6B$1.4B$1.1B$958.4M
Cost of revenue——————
Gross profit$801.1M$691M$607.8M$515.4M$431.4M$334.5M
EBITDA$373M$318.8M$289M$248.3M$205.5M$160.5M
EBIT$313.8M$263.6M$238.8M$192.2M$155.9M$110M
Financial result$1.3M-$2.3M-$814K-$2.1M-$9.3M$5.3M
Income before tax$315.1M$261.3M$237.9M$190.1M$146.6M$115.3M
Income tax-$63.7M-$62.9M-$53.5M-$47.6M-$31.9M-$25.6M
Net income$251M$198.3M$184.6M$143M$115M$89.5M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does EXLS pay dividends?

EXLS has no distributions on record.

About Exlservice Holdings

Sector
Services

Questions about EXLS

How much is EXLS today?

EXLS is at $35.51 (0.28% on the day), last traded on 10/07/2026.

What are the P/E and P/B of EXLS?

EXLS trades at a P/E of 21.57 and a P/B of 6.97.

How much did EXLS return in 12 months?

EXLS returned -10.62% in 12 months, with annualized volatility of 46.36% and a largest drawdown of -39.07%.