Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ExlService HoldingsMIL:1EXLS 71 Debt-to-EBITDA is 1.18 as of Jun. 2026, which is 9% above its 10-year median of 1.08. GuruFocus rates MIL:1EXLS with a GF Score™ of 71/100 and a GF Value™ of €41.35 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,728 Software companies, ExlService Holdings ranks worse than 51.85% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for ExlService Holdings's Debt-to-EBITDA or its related term are showing as below:
MIL:1EXLS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.38 Med: 1.08 Max: 2.45
Current: 1.12
During the past 13 years, the highest Debt-to-EBITDA Ratio of ExlService Holdings was 2.45. The lowest was 0.38. And the median was 1.08.
MIL:1EXLS's Debt-to-EBITDA is ranked worse than 51.85% of 1728
companies
in the Software industry
Industry Median: 1.03
vs MIL:1EXLS: 1.12
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
ExlService Holdings Debt-to-EBITDA Related Terms
ExlService Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ExlService Holdings's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MIL:1EXLS vs EPAM, CSQR, SAIC: Debt-to-EBITDA Comparison
For the Information Technology Services subindustry, ExlService Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ExlService Holdings Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, ExlService Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ExlService Holdings's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
ExlService Holdings (MIL:1EXLS) has a Debt-to-EBITDA of 1.18 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ExlService Holdings. This is near median its historical median of 1.08. Over the past decade, ExlService Holdings' Debt-to-EBITDA has ranged from 0.38 to 2.45. According to the industry distribution chart, ExlService Holdings ranks #896 out of 1728 companies in the Software industry, placing it in the top 51.9%.
Is ExlService Holdings' Debt-to-EBITDA too high?
ExlService Holdings' current Debt-to-EBITDA of 1.18 is near median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.45. The Software industry median Debt-to-EBITDA is 1.03. ExlService Holdings' value of 1.18 is 14.6% above this industry median. Based on the distribution chart, ExlService Holdings ranks #896 out of 1728 companies in the Software industry, which is below the industry midpoint. Overall, ExlService Holdings has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ExlService Holdings' Debt-to-EBITDA compare to EPAM and CSQR?
According to the Software industry distribution chart, ExlService Holdings ranks #896 out of 1728 companies for Debt-to-EBITDA. This places ExlService Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 1.03. ExlService Holdings' value of 1.18 is 14.6% above this benchmark. Historically, ExlService Holdings' own Debt-to-EBITDA has ranged from 0.38 to 2.45 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.03, ExlService Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 1.03, based on 1,728 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ExlService Holdings's current Debt-to-EBITDA of 1.18 is 14.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ExlService Holdings. For the Software industry, the median Debt-to-EBITDA is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExlService Holdings's current Debt-to-EBITDA is 1.18, which is near median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ExlService Holdings stock overvalued right now?
Based on GuruFocus' analysis, ExlService Holdings (MIL:1EXLS) is currently considered Modestly Undervalued. The stock's GF Value™ is €41.35, compared to a current price of €29.71 — trading 28.1% below its estimated fair value. The current Debt-to-EBITDA is 1.18, which is near median its 10-year median of 1.08 and 14.6% above the Software industry median of 1.03. ExlService Holdings' overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For ExlService Holdings (MIL:1EXLS), the current Debt-to-EBITDA is 1.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ExlService Holdings (MIL:1EXLS) Overvalued in 2026?
Based on GuruFocus' analysis, ExlService Holdings stock appears to be undervalued.
The current stock price of €29.71 is trading 28.1% below its estimated GF Value™ of €41.35.
GuruFocus considers ExlService Holdings to be Modestly Undervalued.
Key valuation signals for MIL:1EXLS:
Debt-to-EBITDA: 1.18 (near median its 10-year median of 1.08)
GF Value™: €41.35 vs. price of €29.71 (28.1% below fair value)
Industry Position: 14.6% above the Software median (#896 of 1728)
No single metric tells the full story. See the MIL:1EXLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExlService Holdings Inc. is a data analytics and digital operations company that provides data and AI-led solutions and technology-enabled services to clients across industries. The company has four reportable segments. The Insurance segment provides services such as claims management, underwriting support, and analytics solutions. The Healthcare and Life Sciences segment offers data-driven solutions and services to healthcare payers, providers, and life sciences organizations. The Banking, Capital Markets and Diversified Industries segment delivers solutions across financial services and other industries. The International Growth Markets segment focuses on providing data, AI, and digital operations services to clients outside North America.
71GF Score
Get the complete analysis for MIL:1EXLS
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:1EXLS has been successfully added to your 
