Firstsource Solutions (NSE:FSL) EV-to-EBIT: 22.98 (As of Aug. 03, 2026) — 78% Above Median

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NSE:FSL Firstsource Solutions Ltd NSE:FSL
82 GF Score
Price ₹324.35
GF Value ₹377.81
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Firstsource Solutions EV-to-EBIT?

Firstsource Solutions NSE:FSL +0.83% 82 EV-to-EBIT is 22.98 as of Aug. 03, 2026, which is 78% above its 10-year median of 12.90. GuruFocus rates NSE:FSL with a GF Score™ of 82/100 and a GF Value™ of ₹377.81 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,772 Software companies, Firstsource Solutions ranks worse than 66.99% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Firstsource Solutions's Enterprise Value is ₹236,987 Mil. Firstsource Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹10,313 Mil. Therefore, Firstsource Solutions's EV-to-EBIT for today is 22.98.

The historical rank and industry rank for Firstsource Solutions's EV-to-EBIT or its related term are showing as below:

NSE:FSL' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.2   Med: 12.9   Max: 36.68
Current: 22.99

During the past 13 years, the highest EV-to-EBIT of Firstsource Solutions was 36.68. The lowest was 4.20. And the median was 12.90.

NSE:FSL's EV-to-EBIT is ranked worse than
66.99% of 1772 companies
in the Software industry
Industry Median: 14.2 vs NSE:FSL: 22.99

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Firstsource Solutions's Enterprise Value for the quarter that ended in Mar. 2026 was ₹169,478 Mil. Firstsource Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹10,313 Mil. Firstsource Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.09%.


Firstsource Solutions  (NSE:FSL) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Firstsource Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=10313.09/169478.19162
=6.09 %

Firstsource Solutions's Enterprise Value for the quarter that ended in Mar. 2026 was ₹169,478 Mil.
Firstsource Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹10,313 Mil.

* 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.


Firstsource Solutions EV-to-EBIT Related Terms


Firstsource Solutions EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Firstsource Solutions's EV-to-EBIT 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.

Firstsource Solutions EV-to-EBIT Chart

Firstsource Solutions Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.16 12.07 20.45 29.20 16.42

Firstsource Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 29.20 27.32 24.53 24.09 16.42

NSE:FSL vs IBM, ACN, FISV: EV-to-EBIT Comparison

For the Information Technology Services subindustry, Firstsource Solutions's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Firstsource Solutions EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Firstsource Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Firstsource Solutions's EV-to-EBIT falls into.


NSE:FSL
82GF Score
Firstsource Solutions Ltd NSE:FSL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstsource Solutions EV-to-EBIT Calculation

Firstsource Solutions's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=236986.624/10313.09
=22.98

Firstsource Solutions's current Enterprise Value is ₹236,987 Mil.
Firstsource Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹10,313 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 22.98 mean?
Firstsource Solutions (NSE:FSL) has a EV-to-EBIT of 22.98 as of Aug. 03, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Firstsource Solutions and its competitors. This is 78% above median its historical median of 12.90. Over the past decade, Firstsource Solutions' EV-to-EBIT has ranged from 4.20 to 36.68. According to the industry distribution chart, Firstsource Solutions ranks #1187 out of 1772 companies in the Software industry, placing it in the top 67%.
Is Firstsource Solutions' EV-to-EBIT too high?
Firstsource Solutions' current EV-to-EBIT of 22.98 is 78% above median its 10-year median of 12.90. Over the past 10 years, this metric has ranged from a low of 4.20 to a high of 36.68. The Software industry median EV-to-EBIT is 14.20. Firstsource Solutions' value of 22.98 is 61.8% above this industry median. Based on the distribution chart, Firstsource Solutions ranks #1187 out of 1772 companies in the Software industry, which is below the industry midpoint. Overall, Firstsource Solutions has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Firstsource Solutions' EV-to-EBIT compare to IBM and ACN?
According to the Software industry distribution chart, Firstsource Solutions ranks #1187 out of 1772 companies for EV-to-EBIT. This places Firstsource Solutions in the lower half of its industry. The industry median EV-to-EBIT is 14.20. Firstsource Solutions' value of 22.98 is 61.8% above this benchmark. Historically, Firstsource Solutions' own EV-to-EBIT has ranged from 4.20 to 36.68 over the past decade. While the company's 10-year median is 12.90 vs. the industry median of 14.20, Firstsource Solutions 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 EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 14.20, based on 1,772 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firstsource Solutions's current EV-to-EBIT of 22.98 is 61.8% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Firstsource Solutions and its competitors. For the Software industry, the median EV-to-EBIT is 14.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstsource Solutions's current EV-to-EBIT is 22.98, which is 78% above median its own 10-year median of 12.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstsource Solutions stock overvalued right now?
Based on GuruFocus' analysis, Firstsource Solutions (NSE:FSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹377.81, compared to a current price of ₹324.35 — trading 14.1% below its estimated fair value. The current EV-to-EBIT is 22.98, which is 78% above median its 10-year median of 12.90 and 61.8% above the Software industry median of 14.20. Firstsource Solutions' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Firstsource Solutions (NSE:FSL), the current EV-to-EBIT is 22.98 as of Aug. 03, 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 Firstsource Solutions (NSE:FSL) Overvalued in 2026?

Based on GuruFocus' analysis, Firstsource Solutions stock appears to be undervalued. The current stock price of ₹324.35 is trading 14.1% below its estimated GF Value™ of ₹377.81. GuruFocus considers Firstsource Solutions to be Modestly Undervalued.

Key valuation signals for NSE:FSL:

  • EV-to-EBIT: 22.98 (78% above median its 10-year median of 12.90)
  • GF Value™: ₹377.81 vs. price of ₹324.35 (14.1% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 61.8% above the Software median (#1187 of 1772)

No single metric tells the full story. See the NSE:FSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Firstsource Solutions Business Description

Other Exchanges 532809:India
Address Mindspace, Link Road, 5th Floor, Paradigm ‘B’ Wing, Malad (West), Mumbai, MH, IND, 400 064
Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives a majority of its revenue from the United States of America.
82GF Score

Get the complete analysis for NSE:FSL

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

₹324.35
Price
₹377.81
GF Value