EXLS
ExlService Holdings, Inc. Technology - Information Technology Services Investor Relations →
ExlService Holdings, Inc. (EXLS) closed at $31.70 as of 2026-02-02, trading 11.6% below its 200-week moving average of $35.85. This places EXLS in the extreme value zone. The stock is currently moving closer to the line, down from 9.2% last week. The 14-week RSI sits at 31, indicating neutral momentum.
Over the past 959 weeks of data, EXLS has crossed below its 200-week moving average 13 times. On average, these episodes lasted 9 weeks. Historically, investors who bought EXLS at the start of these episodes saw an average one-year return of +20.8%.
With a market cap of $5.1 billion, EXLS is a mid-cap stock. The company generates a free cash flow yield of 4.9%. Return on equity stands at 26.0%, indicating strong profitability. The stock trades at 5.3x book value.
Management has been repurchasing shares, with a 2.8% reduction over three years. EXLS passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 18.5 years, a hypothetical investment of $100 in EXLS would have grown to $746, compared to $638 for the S&P 500. That represents an annualized return of 11.5% vs 10.5% for the index — confirming EXLS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 14.7% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: EXLS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EXLS Crosses Below the Line?
Across 12 historical episodes, buying EXLS when it crossed below its 200-week moving average produced an average return of +18.8% after 12 months (median +30.0%), compared to +8.3% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +64.4% vs +21.4% for the index.
Each line shows $100 invested at the moment EXLS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
EXLS has crossed below its 200-week MA 13 times with an average 1-year return of +20.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2007 | Dec 2007 | 1 | 0.4% | -62.3% | +634.8% |
| Dec 2007 | Mar 2008 | 11 | 22.5% | -54.2% | +741.7% |
| May 2008 | Nov 2009 | 78 | 72.4% | -55.6% | +695.3% |
| Nov 2009 | Nov 2009 | 1 | 1.6% | +27.0% | +881.4% |
| Apr 2010 | Apr 2010 | 1 | 1.4% | +24.3% | +872.4% |
| Apr 2010 | May 2010 | 2 | 3.8% | +30.2% | +895.6% |
| Aug 2010 | Aug 2010 | 2 | 1.6% | +49.1% | +867.6% |
| Nov 2013 | Nov 2013 | 1 | 0.7% | +19.8% | +562.1% |
| Sep 2014 | Oct 2014 | 6 | 6.1% | +45.4% | +506.6% |
| Dec 2018 | Dec 2018 | 1 | 2.9% | +44.6% | +223.9% |
| Mar 2020 | Apr 2020 | 6 | 26.3% | +100.0% | +270.3% |
| May 2020 | May 2020 | 1 | 6.6% | +81.7% | +191.5% |
| Feb 2026 | Ongoing | 1+ | 11.6% | Ongoing | N/A |
| Average | 9 | — | +20.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02