ExlService HoldingsEXLS +3.05%84 EV-to-FCF is 14.29 as of Jun. 28, 2026, which is 50% below its 10-year median of 28.64. GuruFocus rates EXLS with a GF Score™ of 84/100 and a GF Value™ of $47.52 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,587 Software companies, ExlService Holdings ranks worse than 50.85% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ExlService Holdings's Enterprise Value is $4,237 Mil.
ExlService Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $297 Mil. Therefore, ExlService Holdings's EV-to-FCF for today is 14.29.
The historical rank and industry rank for ExlService Holdings's EV-to-FCF or its related term are showing as below:
EXLS'
s EV-to-FCF Range Over the Past 10 Years
Min: 11.72 Med: 28.64 Max: 50.59
Current: 14.29
During the past 13 years, the highest EV-to-FCF of ExlService Holdings was 50.59. The lowest was 11.72. And the median was 28.64.
EXLS's EV-to-FCF is ranked worse than 50.85% of 1587
companies
in the Software industry
Industry Median: 13.97
vs EXLS: 14.29
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ExlService Holdings's PE Ratio (TTM) for today is calculated as:
ExlService Holdings's share price for today is $26.00.
ExlService Holdings's Earnings per Share (Diluted) 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 $1.570.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ExlService Holdings EV-to-FCF Related Terms
ExlService Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ExlService Holdings's EV-to-FCF 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.
For the Information Technology Services subindustry, ExlService Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Software Industry
For the Software industry and Technology sector, ExlService Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ExlService Holdings's EV-to-FCF falls into.
ExlService Holdings's current Enterprise Value is $4,237 Mil.
ExlService Holdings's Free Cash Flow 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 $297 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.
ExlService Holdings (EXLS) has a EV-to-FCF of 14.29 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ExlService Holdings and its competitors. This is 50% below median its historical median of 28.64. Over the past decade, ExlService Holdings' EV-to-FCF has ranged from 11.72 to 50.59. According to the industry distribution chart, ExlService Holdings ranks #807 out of 1587 companies in the Software industry, placing it in the top 50.9%.
Is ExlService Holdings' EV-to-FCF too high?
ExlService Holdings' current EV-to-FCF of 14.29 is 50% below median its 10-year median of 28.64. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 50.59. The Software industry median EV-to-FCF is 13.97. ExlService Holdings' value of 14.29 is 2.3% above this industry median. Based on the distribution chart, ExlService Holdings ranks #807 out of 1587 companies in the Software industry, which is below the industry midpoint. Overall, ExlService Holdings has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ExlService Holdings' EV-to-FCF compare to PONY and SAIC?
According to the Software industry distribution chart, ExlService Holdings ranks #807 out of 1587 companies for EV-to-FCF. This places ExlService Holdings in the lower half of its industry. The industry median EV-to-FCF is 13.97. ExlService Holdings' value of 14.29 is 2.3% above this benchmark. Historically, ExlService Holdings' own EV-to-FCF has ranged from 11.72 to 50.59 over the past decade. While the company's 10-year median is 28.64 vs. the industry median of 13.97, 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 EV-to-FCF for a Software company?
The median EV-to-FCF among Software companies is 13.97, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ExlService Holdings's current EV-to-FCF of 14.29 is 2.3% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ExlService Holdings and its competitors. For the Software industry, the median EV-to-FCF is 13.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExlService Holdings's current EV-to-FCF is 14.29, which is 50% below median its own 10-year median of 28.64. 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 (EXLS) is currently considered Significantly Undervalued. The stock's GF Value™ is $47.52, compared to a current price of $26.00 — trading 45.3% below its estimated fair value. The current EV-to-FCF is 14.29, which is 50% below median its 10-year median of 28.64 and 2.3% above the Software industry median of 13.97. ExlService Holdings' overall GF Score™ is 84/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For ExlService Holdings (EXLS), the current EV-to-FCF is 14.29 as of Jun. 28, 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 (EXLS) Overvalued in 2026?
Based on GuruFocus' analysis, ExlService Holdings stock appears to be undervalued.
The current stock price of $26.00 is trading 45.3% below its estimated GF Value™ of $47.52.
GuruFocus considers ExlService Holdings to be Significantly Undervalued.
Key valuation signals for EXLS:
EV-to-FCF: 14.29 (50% below median its 10-year median of 28.64)
GF Value™: $47.52 vs. price of $26.00 (45.3% below fair value)
Industry Position: 2.3% above the Software median (#807 of 1587)
No single metric tells the full story. See the EXLS 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.
84GF Score
Get the complete analysis for EXLS
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EXLS has been successfully added to your 
