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ExlService HoldingsEXLS +4.38%90 Price-to-Tangible-Book is 13.45 as of Aug. 20, 2026, which is 19% above its 10-year median of 11.30. GuruFocus rates EXLS with a GF Score™ of 90/100 and a GF Value™ of $48.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,195 Software companies, ExlService Holdings ranks worse than 86.74% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
ExlService Holdings Price-to-Tangible-Book Related Terms
ExlService Holdings Price-to-Tangible-Book Historical Data
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The historical data trend for ExlService Holdings's Price-to-Tangible-Book 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.
EXLS vs EPAM, CSQR, SAIC: Price-to-Tangible-Book Comparison
For the Information Technology Services subindustry, ExlService Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Software Industry
For the Software industry and Technology sector, ExlService Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where ExlService Holdings's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
ExlService Holdings (EXLS) has a Price-to-Tangible-Book of 13.45 as of Aug. 20, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on ExlService Holdings and its competitors. This is 19% above median its historical median of 11.30. Over the past decade, ExlService Holdings' Price-to-Tangible-Book has ranged from 4.93 to 23.72. According to the industry distribution chart, ExlService Holdings ranks #1904 out of 2195 companies in the Software industry, placing it in the top 86.7%.
Is ExlService Holdings' Price-to-Tangible-Book too high?
ExlService Holdings' current Price-to-Tangible-Book of 13.45 is 19% above median its 10-year median of 11.30. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 23.72. The Software industry median Price-to-Tangible-Book is 3.30. ExlService Holdings' value of 13.45 is 307.6% above this industry median. Based on the distribution chart, ExlService Holdings ranks #1904 out of 2195 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, ExlService Holdings has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ExlService Holdings' Price-to-Tangible-Book compare to EPAM and CSQR?
According to the Software industry distribution chart, ExlService Holdings ranks #1904 out of 2195 companies for Price-to-Tangible-Book. This places ExlService Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.30. ExlService Holdings' value of 13.45 is 307.6% above this benchmark. Historically, ExlService Holdings' own Price-to-Tangible-Book has ranged from 4.93 to 23.72 over the past decade. While the company's 10-year median is 11.30 vs. the industry median of 3.30, 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 Price-to-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.30, based on 2,195 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ExlService Holdings's current Price-to-Tangible-Book of 13.45 is 307.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on ExlService Holdings and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExlService Holdings's current Price-to-Tangible-Book is 13.45, which is 19% above median its own 10-year median of 11.30. 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 Modestly Undervalued. The stock's GF Value™ is $48.16, compared to a current price of $37.02 — trading 23.1% below its estimated fair value. The current Price-to-Tangible-Book is 13.45, which is 19% above median its 10-year median of 11.30 and 307.6% above the Software industry median of 3.30. ExlService Holdings' overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For ExlService Holdings (EXLS), the current Price-to-Tangible-Book is 13.45 as of Aug. 20, 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 $37.02 is trading 23.1% below its estimated GF Value™ of $48.16.
GuruFocus considers ExlService Holdings to be Modestly Undervalued.
Key valuation signals for EXLS:
Price-to-Tangible-Book: 13.45 (19% above median its 10-year median of 11.30)
GF Value™: $48.16 vs. price of $37.02 (23.1% below fair value)
Industry Position: 307.6% above the Software median (#1904 of 2195)
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.
90GF Score
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