Stock AnalizExlService Holdings, Inc. EXLS
Business Services · IPO 2006 · data as of November 13, 2026
ExlService Holdings, Inc. (EXLS) is a consumer discretionary company listed in the US with a market value of about $6.5B. In the twelve months to September 30, 2026 it had revenue of $2.3B and net income of $261M, a net margin of 11.1%.
Its overall Stock Analiz score is 3.2 out of 5 (average). The strongest part is track record (5/5); the weakest is value (1/5).
Key numbers: a P/E of 25.9, a price to free cash flow of 24.0, 5-year revenue growth of 17% a year, a 5-year average ROIC of 15%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 13% below the current price.
Score: 3.2 / 5
Checks passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
- Pays a dividend
- 20% to 100% of free cash flow returned to shareholders
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $1.8B | $1.6B | $1.4B | $1.1B | $958M | $991M | $883M | $762M | $686M |
| Net income | $261M | $251M | $198M | $185M | $143M | $115M | $89M | $68M | $57M | $49M | $62M |
| Free cash flow | $271M | $298M | $222M | $158M | $121M | $147M | $161M | $128M | $52M | $78M | $77M |
| EPS (diluted) | $1.67 | $1.54 | $1.21 | $1.10 | $0.85 | $0.67 | $0.52 | $0.39 | $0.32 | $0.28 | $0.36 |
| Net margin | 11.1% | 12.0% | 10.8% | 11.3% | 10.1% | 10.2% | 9.3% | 6.8% | 6.4% | 6.4% | 9.0% |
| ROIC | — | 19.0% | 15.5% | 16.0% | 13.5% | 11.7% | 8.2% | 6.2% | 5.1% | 6.3% | 8.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $48.62, 12% above the current price; targets range from $47.00 to $50.00; the consensus rating is “Strong buy”; expected EPS is $2.36 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is ExlService’s P/E ratio?
About 25.9, based on the last twelve months of diluted earnings per share (forward P/E about 17.0).
Is ExlService stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 13% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does ExlService pay a dividend?
Not currently.
Is ExlService a good stock to buy?
We do not give buy or sell advice. ExlService scores 3.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.