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Friday 6 November 2026 Export EXLS’s income statement to Excel — free account

ExlService Holdings, Inc.

EXLS Technology Information Technology Services

ExlService Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 13.6% from fiscal 2024.

Revenue
+19.7%
EPS
+25.9%
Free cash flow
−3.65%
Total debt
+22.8%

Quarter to September 2026, against a year earlier

43.19 0.42 −0.96%
Market cap
$6.6B
P/E
25.7×
Fwd P/E
23.9×
Dividend yield
—
F-score
8/9
Altman Z
8.65
Beneish M
−2.66
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

ExlService Holdings, Inc. (EXLS) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, ExlService Holdings, Inc. (EXLS) trades at a P/B ratio of 7.1×. Over the past ten years it has ranged from 2.2× (March 2020) to 9.1× (February 2025); the current reading is higher than 87% of that period. That is above the Information Technology Services industry median of 1.7× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 7.5× (3.59%)
FY2024 7.8× 35.80%
FY2023 5.7× (24.56%)
FY2022 7.6× 8.21%
FY2021 7.0× 72.65%
FY2020 4.1× 13.97%
FY2019 3.6× 21.49%
FY2018 2.9× (13.90%)
FY2017 3.4× 7.39%
FY2016 3.2× (1.37%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.6× 23.46%
Jun 2026 4.6× (25.36%)
Mar 2026 6.1× (18.52%)
Dec 2025 7.5× 0.91%
43 more quarters

Against its own ten years

Low 2.2× High 9.1×
Ten-year median 4.0×
Current reading's percentile 86

P/B ratio against peers

Company P/B ratio
MAAS Maase Inc. - Sponsored ADR compare n/m
GDS GDS Holdings compare 1.0×
INGM Ingram Micro Holding Corporation compare 1.3×
PSN Parsons Corporation compare 1.9×
EPAM EPAM Systems, Inc. compare 2.3×
G Genpact Limited compare 2.6×
APLD Applied Digital Corporation compare 2.8×
SAIC Science Applications International Corporation compare 4.3×
EXLS ExlService Holdings, Inc. 7.1×
Information Technology Services industry median 1.7×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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