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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1834
Positioning
Market Dominance
Services
Business Services
$7.1B
Rohit Kapoor
ExlService Holdings, Inc. operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry. It also offers CareRadius, an integrated care management offering; and health care services related to care management, utilization management, disease management.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = EXLS ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$YALA Yalla Group Ltd | 75 | 89 | 99 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GRVY GRAVITY Co., Ltd. | 75 | 82 | 96 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC | 73 | 81 | 88 | 94 | 25.0x | 14.1x | 17.1% | 10.3% | 35.5% | 14.6% | 10.1% | 105.2% | 0.0% | 41.0x | $244M | VS | |
$AER AerCap Holdings N.V. | 72 | 60 | 87 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$HCSG HEALTHCARE SERVICES GROUP INC | 72 | 74 | 88 | 88 | 7.1x | 6.1x | 28.9% | 20.8% | 20.8% | 9.9% | 9.3% | 8.5% | 0.0% | 1.0x | $1.2B | VS | |
$LQDT LIQUIDITY SERVICES INC | 72 | 90 | 88 | 68 | 24.9x | 14.3x | 14.1% | 8.3% | 45.7% | 8.5% | 6.2% | 28.1% | 0.0% | 0.0x | $736M | VS | |
$TRTNpA Triton International Ltd | 71 | 70 | 89 | 70 | - | 1.7x | 0.0% | - | 97.4% | 58.0% | 37.4% | - | 8.8% | 264.0x | $2.5B | VS | |
$EDU New Oriental Education & Technology Group Inc. | 71 | 83 | 52 | 77 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NTES NetEase, Inc. | 71 | 88 | 93 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UTI UNIVERSAL TECHNICAL INSTITUTE INC | 70 | 86 | 86 | 72 | 43.2x | 16.0x | 15.3% | 5.8% | 100.0% | 6.9% | 5.2% | 15.1% | 0.0% | 24.0x | $1.8B | VS | |
$EXLS ExlService Holdings, Inc. | 51 | 65 | 59 | 43 | 19.6x | 14.2x | 25.6% | 14.1% | 38.1% | 15.1% | 12.1% | 18.1% | 0.0% | 37.0x | $7.1B | ||
| SECTOR BENCH | - | - | - | - | - | 23.7x | 11.7x | 5.7% | 2.4% | 64.6% | 4.5% | 2.8% | 8.6% | 0.0% | 0.3x | - | REF |
ExlService Holdings, Inc. (EXLS) receives a "Hold" rating with a composite score of 51.2/100. It ranks #1834 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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In-line with peers — no strong momentum signal
Fair valuation relative to peers
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for EXLS.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 65 | 80 | -15DRAG |
| MOMENTUM | 43 | 40 | +3NEUTRAL |
| VALUATION | 59 | 66 | -7DRAG |
| INVESTMENT | 42 | 73 | -31DRAG |
| STABILITY | 69 | 75 | -6DRAG |
| SHORT INT | 41 | 34 | +7ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 30.1% vs WACC 9.1% (spread +21.0%)
GM 38% vs sector 65%, OM 15% vs sector 5%
Capital turnover 2.72x
Rev growth 18%, 10yr history
Interest coverage 15.5x, Net debt/EBITDA 2.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate ExlService Holdings, Inc. (EXLS) as a Hold with a composite score of 51.2/100 at a current price of $29.77. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
ExlService Holdings, Inc. holds a top-quartile position (#0 of 50) within the Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 51.2/100 places it at rank #1834 in our full universe.
Narrow
Low
Standard
Fair Value
Returns on equity of 25.6% exceed cost of capital.
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
ExlService Holdings, Inc. represents a hold based on multi-factor quantitative performance.
Our model assigns ExlService Holdings, Inc. a Hold rating, with a composite score of 51.2/100 and 3 out of 5 stars. Ranked #1834 of 7,333 stocks, EXLS presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
EXLS earns a quality score of 65/100, indicating above-average business quality. The company reports a return on equity of 25.6% (sector avg: 5.7%), gross margins of 38.1% (sector avg: 64.6%), net margins of 12.1% (sector avg: 2.8%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
EXLS's value score of 59/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 19.57x, an EV/EBITDA of 14.18x, a P/B ratio of 5.01x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
With an investment score of 42/100, EXLS exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 18.1% vs. a sector average of 8.6% and a return on assets of 14.1% (sector: 2.4%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
EXLS is currently showing below-average momentum at 43/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at 18.1% year-over-year, while a beta of 0.80 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
EXLS shows good financial stability with a score of 69/100. Key stability metrics include a beta of 0.80 and a debt-to-equity ratio of 37.00x (sector avg: 0.3x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
The short interest score of 41/100 for EXLS suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 37.00x). With a $7.1B market cap (mid-cap), ExlService Holdings, Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
ExlService Holdings, Inc. is a mid-cap company in the Services sector, ranked #0 of 50 in its sector (100th percentile) and #1834 of 7,333 overall (75th percentile). Key comparisons include ROE of 25.6% exceeding the 5.7% sector median and operating margins of 15.1% above the 4.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Services peers.
While EXLS currently exhibits a HOLD profile, superior opportunities exist within the SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Services Alpha →Quant Factor Profile
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Short Int. (41) is the limiting factor — improvement here would lift the composite score most.
EV/EBITDA 21% ABOVE SECTOR MEDIAN
ROE 346% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 41% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
EXL's Q4 2025 earnings beat EPS estimates with $0.50, while revenue met forecasts. The company's 2026 guidance, however, projects growth slightly below analyst expectations.
March S&P 500 E-Mini futures (ESH26) are down -0.04%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.21% this morning as sentiment remains cautious following yesterday’s selloff on Wall Street triggered by concerns over the disruptive impact of AI.
Embedding AI in Sonos workflows is creating a new benchmark for efficiency, operational intelligence and risk mitigationNEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- EXL [Nasdaq: EXLS], a global data and AI company, today announced a critical transformation initiative with Sonos (Nasdaq: SONO), the world’s leading sound experience company, and Amazon Web Services (AWS). This unique collaboration deploys agentic AI within Sonos IT service management (ITSM) workflows, aiming to create a new benchmar
Data analytics and digital solutions company ExlService Holdings (NASDAQ:EXLS) reported Q4 CY2025 results exceeding the market’s revenue expectations, with sales up 12.7% year on year to $542.6 million. On the other hand, the company’s full-year revenue guidance of $2.3 billion at the midpoint came in 0.8% below analysts’ estimates. Its non-GAAP profit of $0.50 per share was 7.5% above analysts’ consensus estimates.
ExlService Holdings (NasdaqGS:EXLS) is working with Sonos and Amazon Web Services on deploying agentic AI in enterprise IT service management. The collaboration focuses on using AI agents to manage IT operations, automation, and risk monitoring within large organizations. The initiative highlights EXL's role as a technology partner helping to apply advanced AI to real world operational challenges. For investors tracking ExlService Holdings at a share price of $28.51, this new collaboration...