EXLS
ExlService Holdings, Inc. Technology - Information Technology Services Investor Relations →
ExlService Holdings, Inc. (EXLS) closed at $30.92 as of 2026-03-20, trading 14.0% below its 200-week moving average of $35.94. This places EXLS in the extreme value zone. The stock moved further from the line this week, up from -17.5% last week. With a 14-week RSI of 28, EXLS is in oversold territory.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.85 ratio) is neutral — neither side is clearly dominating.
Over the past 965 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 $4.9 billion, EXLS is a mid-cap stock. The company generates a free cash flow yield of 5.2%, which is healthy. Return on equity stands at 27.2%, indicating strong profitability. The stock trades at 5.3x book value.
The company has been aggressively buying back shares, reducing its share count by 5.9% over the past three years. EXLS passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 18.6 years, a hypothetical investment of $100 in EXLS would have grown to $727, compared to $601 for the S&P 500. That represents an annualized return of 11.3% vs 10.1% for the index — confirming EXLS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 34.9% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +616.7% |
| Dec 2007 | Mar 2008 | 11 | 22.5% | -54.2% | +721.0% |
| May 2008 | Nov 2009 | 78 | 72.4% | -55.6% | +675.7% |
| Nov 2009 | Nov 2009 | 1 | 1.6% | +27.0% | +857.3% |
| Apr 2010 | Apr 2010 | 1 | 1.4% | +24.3% | +848.5% |
| Apr 2010 | May 2010 | 2 | 3.8% | +30.2% | +871.1% |
| Aug 2010 | Aug 2010 | 2 | 1.6% | +49.1% | +843.8% |
| Nov 2013 | Nov 2013 | 1 | 0.7% | +19.8% | +545.8% |
| Sep 2014 | Oct 2014 | 6 | 6.1% | +45.4% | +491.7% |
| Dec 2018 | Dec 2018 | 1 | 2.9% | +44.6% | +216.0% |
| Mar 2020 | Apr 2020 | 6 | 26.3% | +100.0% | +261.2% |
| May 2020 | May 2020 | 1 | 6.6% | +81.7% | +184.3% |
| Feb 2026 | Ongoing | 7+ | 17.5% | Ongoing | -2.5% |
| Average | 9 | — | +20.8% | — |
Frequently Asked Questions
Is EXLS below its 200-week moving average?
Yes. As of 2026-03-20, ExlService Holdings, Inc. (EXLS) is trading 14.0% below its 200-week moving average of $35.94. The current price is $30.92.
What is EXLS's 200-week moving average price?
ExlService Holdings, Inc.'s 200-week moving average is $35.94 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when EXLS drops below its 200-week moving average?
EXLS has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +20.8%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is EXLS a good value right now?
Here's what our data says about EXLS as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 28 (oversold). Free cash flow yield is 5.2%. Return on equity is 27.2%. Price-to-book is 5.3x. This is not a buy or sell recommendation — always do your own research.
How does EXLS compare to the S&P 500?
Over the past 18.6 years, $100 invested in EXLS would have grown to $727, compared to $601 for the S&P 500. That's 11.3% annualized vs 10.1% for the index. EXLS has outperformed the broader market over this period.
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 week of 2026-03-20