ExlService Holdings (MIL:1EXLS) ROA %: 15.10% (As of Jun. 2026) — 66% Above Median

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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
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What is ExlService Holdings ROA %?

ExlService Holdings MIL:1EXLS 71 ROA % is 15.10% as of Jun. 2026, which is 66% above its 10-year median of 9.09. 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 2,896 Software companies, ExlService Holdings ranks better than 90.54% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ExlService Holdings's annualized Net Income for the quarter that ended in Jun. 2026 was €224 Mil. ExlService Holdings's average Total Assets over the quarter that ended in Jun. 2026 was €1,484 Mil. Therefore, ExlService Holdings's annualized ROA % for the quarter that ended in Jun. 2026 was 15.10%.

The historical rank and industry rank for ExlService Holdings's ROA % or its related term are showing as below:

MIL:1EXLS' s ROA % Range Over the Past 10 Years
Min: 6.01   Med: 9.09   Max: 15.12
Current: 14.59

During the past 13 years, ExlService Holdings's highest ROA % was 15.12%. The lowest was 6.01%. And the median was 9.09%.

MIL:1EXLS's ROA % is ranked better than
90.54% of 2896 companies
in the Software industry
Industry Median: 1.715 vs MIL:1EXLS: 14.59

ExlService Holdings  (MIL:1EXLS) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=223.984/1483.617
=(Net Income / Revenue)*(Revenue / Total Assets)
=(223.984 / 2065.016)*(2065.016 / 1483.617)
=Net Margin %*Asset Turnover
=10.85 %*1.3919
=15.10 %

Note: The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


ExlService Holdings ROA % Related Terms


ExlService Holdings ROA % Historical Data

* Premium members only.

The historical data trend for ExlService Holdings's ROA % 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 ROA % Chart

ExlService Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.40 11.22 13.05 13.21 14.29

ExlService Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROA % 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 15.11 13.40 14.04 15.99 15.10

MIL:1EXLS vs EPAM, CSQR, SAIC: ROA % Comparison

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

For the Software industry and Technology sector, ExlService Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where ExlService Holdings's ROA % falls into.


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

ExlService Holdings ROA % Calculation

ExlService Holdings's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=214.37/( (1545.575+1453.709)/ 2 )
=214.37/1499.642
=14.29 %

ExlService Holdings's annualized ROA % for the quarter that ended in Jun. 2026 is calculated as:

ROA %=Net Income (Q: Jun. 2026 )/( (Total Assets (Q: Mar. 2026 )+Total Assets (Q: Jun. 2026 ))/ count )
=223.984/( (1450.068+1517.166)/ 2 )
=223.984/1483.617
=15.10 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 15.10% mean?
ExlService Holdings (MIL:1EXLS) has a ROA % of 15.10% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on ExlService Holdings and its competitors. This is 66% above median its historical median of 9.09. Over the past decade, ExlService Holdings' ROA % has ranged from 6.01 to 15.12. According to the industry distribution chart, ExlService Holdings ranks #274 out of 2896 companies in the Software industry, placing it in the top 9.5%.
Is ExlService Holdings' ROA % too high?
ExlService Holdings' current ROA % of 15.10% is 66% above median its 10-year median of 9.09. Over the past 10 years, this metric has ranged from a low of 6.01 to a high of 15.12. The Software industry median ROA % is 1.72. ExlService Holdings' value of 15.10% is 780.5% above this industry median. Based on the distribution chart, ExlService Holdings ranks #274 out of 2896 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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' ROA % compare to EPAM and CSQR?
According to the Software industry distribution chart, ExlService Holdings ranks #274 out of 2896 companies for ROA %. This places ExlService Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.72. ExlService Holdings' value of 15.10% is 780.5% above this benchmark. Historically, ExlService Holdings' own ROA % has ranged from 6.01 to 15.12 over the past decade. While the company's 10-year median is 9.09 vs. the industry median of 1.72, 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 ROA % for a Software company?
The median ROA % among Software companies is 1.72, based on 2,896 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ExlService Holdings's current ROA % of 15.10% is 780.5% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on ExlService Holdings and its competitors. For the Software industry, the median ROA % is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExlService Holdings's current ROA % is 15.10%, which is 66% above median its own 10-year median of 9.09. 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 ROA % is 15.10%, which is 66% above median its 10-year median of 9.09 and 780.5% above the Software industry median of 1.72. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For ExlService Holdings (MIL:1EXLS), the current ROA % is 15.10% 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:

  • ROA %: 15.10% (66% above median its 10-year median of 9.09)
  • GF Value™: €41.35 vs. price of €29.71 (28.1% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 780.5% above the Software median (#274 of 2896)

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

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

€29.71
Price
€41.35
GF Value