ExlService Holdings (MIL:1EXLS) E10: €0.75 (As of Jun. 2026)

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MIL:1EXLS ExlService Holdings Inc MIL:1EXLS
71 GF Score
Price €29.71
GF Value €41.35
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is ExlService Holdings E10?

ExlService Holdings MIL:1EXLS 71 E10 is €0.75 as of Jun. 2026. 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.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

ExlService Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.365. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.75 for the trailing ten years ended in Jun. 2026.

During the past 12 months, ExlService Holdings's average E10 Growth Rate was 18.70% per year. During the past 3 years, the average E10 Growth Rate was 19.10% per year. During the past 5 years, the average E10 Growth Rate was 19.50% per year. During the past 10 years, the average E10 Growth Rate was 14.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of ExlService Holdings was 19.30% per year. The lowest was 8.10% per year. And the median was 12.60% per year.

As of today (2026-08-18), ExlService Holdings's current stock price is €29.71. ExlService Holdings's E10 for the quarter that ended in Jun. 2026 was €0.75. ExlService Holdings's Shiller PE Ratio of today is 39.61.

During the past 13 years, the highest Shiller PE Ratio of ExlService Holdings was 79.67. The lowest was 28.53. And the median was 50.90.


ExlService Holdings  (MIL:1EXLS) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

ExlService Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.71/0.75
=39.61

* 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.

During the past 13 years, the highest Shiller P/E Ratio of ExlService Holdings was 79.67. The lowest was 28.53. And the median was 50.90.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


ExlService Holdings E10 Related Terms


ExlService Holdings E10 Historical Data

* Premium members only.

The historical data trend for ExlService Holdings's E10 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.

ExlService Holdings E10 Chart

ExlService Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.70

ExlService Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.65 0.70 0.68 0.75

MIL:1EXLS vs EPAM, CSQR, SAIC: E10 Comparison

For the Information Technology Services subindustry, ExlService Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, ExlService Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ExlService Holdings's Shiller PE Ratio falls into.


MIL:1EXLS
71GF Score
ExlService Holdings Inc MIL:1EXLS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ExlService Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ExlService Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.365/333.9520*333.9520
=0.365

Current CPI (Jun. 2026) = 333.9520.

ExlService Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 0.082 241.428 0.113
201612 0.085 241.432 0.118
201703 0.090 243.801 0.123
201706 0.103 244.955 0.140
201709 0.101 246.819 0.137
201712 -0.046 246.524 -0.062
201803 0.107 249.554 0.143
201806 0.070 251.989 0.093
201809 0.074 252.439 0.098
201812 0.019 251.233 0.025
201903 0.074 254.202 0.097
201906 0.064 256.143 0.083
201909 0.100 256.759 0.130
201912 0.112 256.974 0.146
202003 0.118 258.115 0.153
202006 0.043 257.797 0.056
202009 0.129 260.280 0.166
202012 0.155 260.474 0.199
202103 0.156 264.877 0.197
202106 0.134 271.696 0.165
202109 0.131 274.310 0.159
202112 0.147 278.802 0.176
202203 0.194 287.504 0.225
202206 0.201 296.311 0.227
202209 0.232 296.808 0.261
202212 0.177 296.797 0.199
202303 0.280 301.836 0.310
202306 0.268 305.109 0.293
202309 0.244 307.789 0.265
202312 0.220 306.746 0.240
202403 0.267 312.332 0.285
202406 0.260 314.175 0.276
202409 0.297 315.301 0.315
202412 0.296 315.605 0.313
202503 0.370 319.799 0.386
202506 0.347 322.561 0.359
202509 0.307 324.800 0.316
202512 0.325 324.054 0.335
202603 0.372 330.213 0.376
202606 0.365 333.952 0.365

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.75 mean?
ExlService Holdings (MIL:1EXLS) has a E10 of €0.75 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ExlService Holdings and its competitors.
Is ExlService Holdings' E10 too high?
ExlService Holdings' current E10 is €0.75. 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' E10 compare to EPAM and CSQR?
ExlService Holdings' E10 of €0.75 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Software company?
A good E10 depends on the Software industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ExlService Holdings and its competitors. ExlService Holdings's current E10 is €0.75. 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 E10 is €0.75. 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 E10 calculated?
E10 is calculated from a company's financial statements. For ExlService Holdings (MIL:1EXLS), the current E10 is €0.75 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:

  • E10: €0.75
  • GF Value™: €41.35 vs. price of €29.71 (28.1% below fair value)
  • GF Score™: 71/100 with 2 warning signs

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 Business Description

Other Exchanges EXLS:USALHV:Germany
Address 320 Park Avenue, 29th Floor, New York, NY, USA, 10022
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

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€29.71
Price
€41.35
GF Value