Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 21.10x is 39% below its estimated 5-year average of 34.53x, near the low end of its estimated 5-year range (14.60x–57.16x).
As of 2026-10-06T12:46:36.098Z. 4.61% above its estimated 12-month average of 20.17x.
Calculation as of: 2026-10-06T12:46:36.098Z.
Quote observation: 2026-10-05T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: abe0e7db09ea6ba7e206b3e9c791a09b1dbcc0379aa23247b232e8a2ecbd290f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
21.10x
EV/FCF RATIO AVG TTM
20.17x
EV/FCF RATIO AVG 3Y
31.28x
EV/FCF RATIO AVG 5Y
34.53x
EV/FCF RATIO AVG 10Y
30.85x
EV/FCF RATIO AVG 15Y
26.43x
EV/FCF RATIO AVG 20Y
23.19x
CURRENT VS TTM AVG
+4.61%
CURRENT VS 3Y AVG
-32.54%
CURRENT VS 5Y AVG
-38.90%
CURRENT VS 10Y AVG
-31.61%
CURRENT VS 15Y AVG
-20.16%
CURRENT VS 20Y AVG
-9.00%
SECTOR MEDIAN · TECHNOLOGY
26.35x
median of 253 covered companies
CURRENT VS SECTOR MEDIAN
-19.92%
vs the sector median at left
ExlService Holdings, Inc.
Market Cap
$5.44B
EV/FCF Ratio
21.10x
TTM Avg
20.17x
3Y Avg
31.28x
5Y Avg
34.53x
Market Cap
$5.53B
EV/FCF Ratio
47.67x
TTM Avg
35.99x
3Y Avg
60.44x
5Y Avg
455.15x
Market Cap
$5.33B
EV/FCF Ratio
N/A
TTM Avg
1203.04x
3Y Avg
1203.04x
5Y Avg
1203.04x
Market Cap
$5.21B
EV/FCF Ratio
16.61x
TTM Avg
18.86x
3Y Avg
24.59x
5Y Avg
25.74x
Market Cap
$5.17B
EV/FCF Ratio
120.99x
TTM Avg
343.65x
3Y Avg
149.22x
5Y Avg
102.73x
Market Cap
$5.74B
EV/FCF Ratio
10.58x
TTM Avg
13.78x
3Y Avg
18.66x
5Y Avg
30.83x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ExlService Holdings, Inc. (EXLS) | $5.44B | 21.10x | 20.17x | 31.28x | 34.53x |
| Varonis Systems, Inc. (VRNS)vs › | $5.53B | 47.67x | 35.99x | 60.44x | 455.15x |
| Core Scientific, Inc. (CORZ)vs › | $5.33B | N/A | 1203.04x | 1203.04x | 1203.04x |
| ACI Worldwide, Inc. (ACIW)vs › | $5.21B | 16.61x | 18.86x | 24.59x | 25.74x |
| Genpact Limited (G)vs › | $5.68B | 11.50x | 11.67x | 14.76x | 17.11x |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $5.17B | 120.99x | 343.65x | 149.22x | 102.73x |
| EPAM Systems, Inc. (EPAM)vs › | $5.74B | 10.58x | 13.78x | 18.66x | 30.83x |
| Rigetti Computing, Inc. (RGTI)vs › | $5.04B | N/A | N/A | N/A | N/A |
| Klaviyo, Inc. (KVYO)vs › | $5.00B | 18.47x | 30.52x | 50.36x | 51.85x |
| Dave Inc. (DAVE)vs › | $4.96B | 15.53x | 13.75x | 18.94x | 24.15x |
EV/FCF
21.1x
P/FCF
19.8x
FCF Yield
5.05%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-10-05 | 21.26x |
| 2026-10-02 | 21.18x |
| 2026-10-01 | 21.58x |
| 2026-09-30 | 20.42x |
| 2026-09-29 | 20.53x |
| 2026-09-28 | 20.54x |
| 2026-09-25 | 20.62x |
| 2026-09-24 | 20.85x |
| 2026-09-23 | 20.67x |
| 2026-09-22 | 20.77x |
| 2026-09-21 | 20.91x |
| 2026-09-18 | 20.85x |
| 2026-09-17 | 21.03x |
| 2026-09-16 | 21.23x |
| 2026-09-15 | 21.48x |
| 2026-09-14 | 21.57x |
| 2026-09-11 | 20.91x |
| 2026-09-10 | 20.55x |
| 2026-09-09 | 20.73x |
| 2026-09-08 | 21.05x |
| 2026-09-04 | 21.67x |
| 2026-09-03 | 22.05x |
| 2026-09-02 | 21.82x |
| 2026-09-01 | 22.11x |
| 2026-08-31 | 22.47x |
| 2026-08-28 | 22.65x |
| 2026-08-27 | 22.53x |
| 2026-08-26 | 22.15x |
| 2026-08-25 | 22.12x |
| 2026-08-24 | 22.24x |
| 2026-08-21 | 22.17x |
| 2026-08-20 | 21.90x |
| 2026-08-19 | 21.88x |
| 2026-08-18 | 21.02x |
| 2026-08-17 | 20.52x |
| 2026-08-14 | 20.66x |
| 2026-08-13 | 20.97x |
| 2026-08-12 | 20.39x |
| 2026-08-11 | 20.71x |
| 2026-08-10 | 20.80x |
| 2026-08-07 | 20.70x |
| 2026-08-06 | 20.57x |
| 2026-08-05 | 20.03x |
| 2026-08-04 | 20.42x |
| 2026-08-03 | 20.34x |
| 2026-07-31 | 20.17x |
| 2026-07-30 | 20.41x |
| 2026-07-29 | 21.31x |
| 2026-07-28 | 17.41x |
| 2026-07-27 | 16.37x |
| 2026-07-24 | 15.90x |
| 2026-07-23 | 15.48x |
| 2026-07-22 | 15.45x |
| 2026-07-21 | 15.73x |
| 2026-07-20 | 16.17x |
| 2026-07-17 | 16.15x |
| 2026-07-16 | 16.44x |
| 2026-07-15 | 15.85x |
| 2026-07-14 | 15.71x |
| 2026-07-13 | 16.33x |
| 2026-07-10 | 15.70x |
| 2026-07-09 | 15.86x |
| 2026-07-08 | 15.74x |
| 2026-07-07 | 15.99x |
| 2026-07-06 | 15.61x |
| 2026-07-02 | 15.55x |
| 2026-07-01 | 15.43x |
| 2026-06-30 | 14.94x |
| 2026-06-29 | 14.78x |
| 2026-06-26 | 15.01x |
| 2026-06-25 | 14.60x |
| 2026-06-24 | 15.19x |
| 2026-06-23 | 15.10x |
| 2026-06-22 | 14.81x |
| 2026-06-18 | 14.98x |
| 2026-06-17 | 16.00x |
| 2026-06-16 | 16.49x |
| 2026-06-15 | 16.29x |
| 2026-06-12 | 16.51x |
| 2026-06-11 | 16.38x |
| 2026-06-10 | 16.61x |
| 2026-06-09 | 16.97x |
| 2026-06-08 | 16.85x |
| 2026-06-05 | 16.95x |
| 2026-06-04 | 16.80x |
| 2026-06-03 | 16.84x |
| 2026-06-02 | 16.96x |
| 2026-06-01 | 17.44x |
| 2026-05-29 | 16.62x |
| 2026-05-28 | 16.66x |
| 2026-05-27 | 16.46x |
| 2026-05-26 | 16.57x |
| 2026-05-22 | 16.87x |
| 2026-05-21 | 16.72x |
| 2026-05-20 | 16.83x |
| 2026-05-19 | 16.58x |
| 2026-05-18 | 16.60x |
| 2026-05-15 | 15.80x |
| 2026-05-14 | 15.51x |
| 2026-05-13 | 15.63x |
| 2026-05-12 | 16.99x |
| 2026-05-11 | 17.23x |
| 2026-05-08 | 17.70x |
| 2026-05-07 | 17.84x |
| 2026-05-06 | 17.64x |
| 2026-05-05 | 17.79x |
| 2026-05-04 | 18.04x |
| 2026-05-01 | 18.05x |
| 2026-04-30 | 18.12x |
| 2026-04-29 | 17.76x |
| 2026-04-28 | 17.57x |
| 2026-04-27 | 17.43x |
| 2026-04-24 | 17.44x |
| 2026-04-23 | 17.53x |
| 2026-04-22 | 18.09x |
| 2026-04-21 | 18.24x |
| 2026-04-20 | 18.20x |
| 2026-04-17 | 18.23x |
| 2026-04-16 | 18.03x |
| 2026-04-15 | 17.91x |
| 2026-04-14 | 17.61x |
| 2026-04-13 | 17.26x |
| 2026-04-10 | 16.82x |
| 2026-04-09 | 17.10x |
| 2026-04-08 | 17.52x |
| 2026-04-07 | 17.64x |
| 2026-04-06 | 17.70x |
| 2026-04-02 | 17.73x |
| 2026-04-01 | 17.47x |
| 2026-03-31 | 17.47x |
| 2026-03-30 | 17.53x |
| 2026-03-27 | 17.13x |
| 2026-03-26 | 17.42x |
| 2026-03-25 | 17.37x |
| 2026-03-24 | 17.38x |
| 2026-03-23 | 17.70x |
| 2026-03-20 | 17.72x |
| 2026-03-19 | 17.63x |
| 2026-03-18 | 17.54x |
| 2026-03-17 | 17.67x |
| 2026-03-16 | 17.16x |
| 2026-03-13 | 17.02x |
| 2026-03-12 | 17.06x |
| 2026-03-11 | 17.53x |
| 2026-03-10 | 17.62x |
| 2026-03-09 | 18.44x |
| 2026-03-06 | 18.59x |
| 2026-03-05 | 18.61x |
| 2026-03-04 | 18.44x |
| 2026-03-03 | 18.27x |
| 2026-03-02 | 17.88x |
| 2026-02-27 | 17.90x |
| 2026-02-26 | 17.76x |
| 2026-02-25 | 16.50x |
| 2026-02-24 | 17.12x |
| 2026-02-23 | 16.99x |
| 2026-02-20 | 17.87x |
| 2026-02-19 | 18.06x |
| 2026-02-18 | 18.33x |
| 2026-02-17 | 17.95x |
| 2026-02-13 | 17.85x |
| 2026-02-12 | 17.65x |
| 2026-02-11 | 17.97x |
| 2026-02-10 | 18.57x |
| 2026-02-09 | 18.45x |
| 2026-02-06 | 18.79x |
| 2026-02-05 | 18.50x |
| 2026-02-04 | 19.21x |
| 2026-02-03 | 19.15x |
| 2026-02-02 | 23.33x |
| 2026-01-30 | 22.98x |
| 2026-01-29 | 22.67x |
| 2026-01-28 | 23.34x |
| 2026-01-27 | 23.74x |
| 2026-01-26 | 24.97x |
| 2026-01-23 | 24.95x |
| 2026-01-22 | 25.00x |
| 2026-01-21 | 24.77x |
| 2026-01-20 | 24.39x |
| 2026-01-16 | 25.03x |
| 2026-01-15 | 24.95x |
| 2026-01-14 | 24.86x |
| 2026-01-13 | 24.41x |
| 2026-01-12 | 24.72x |
| 2026-01-09 | 24.97x |
| 2026-01-08 | 24.98x |
| 2026-01-07 | 25.00x |
| 2026-01-06 | 24.80x |
| 2026-01-05 | 24.60x |
| 2026-01-02 | 24.15x |
| 2025-12-31 | 24.84x |
| 2025-12-30 | 25.01x |
| 2025-12-29 | 25.31x |
| 2025-12-26 | 25.32x |
| 2025-12-24 | 25.32x |
| 2025-12-23 | 25.34x |
| 2025-12-22 | 25.37x |
| 2025-12-19 | 25.21x |
| 2025-12-18 | 25.10x |
| 2025-12-17 | 24.83x |
| 2025-12-16 | 24.47x |
| 2025-12-15 | 24.32x |
| 2025-12-12 | 24.39x |
| 2025-12-11 | 24.32x |
| 2025-12-10 | 23.90x |
| 2025-12-09 | 23.50x |
| 2025-12-08 | 23.50x |
| 2025-12-05 | 23.87x |
| 2025-12-04 | 23.98x |
| 2025-12-03 | 23.57x |
| 2025-12-02 | 23.33x |
| 2025-12-01 | 23.49x |
| 2025-11-28 | 23.31x |
| 2025-11-26 | 23.36x |
| 2025-11-25 | 23.32x |
| 2025-11-24 | 22.81x |
| 2025-11-21 | 23.12x |
| 2025-11-20 | 22.74x |
| 2025-11-19 | 22.84x |
| 2025-11-18 | 22.77x |
| 2025-11-17 | 22.77x |
| 2025-11-14 | 23.30x |
| 2025-11-13 | 23.39x |
| 2025-11-12 | 23.19x |
| 2025-11-11 | 23.22x |
| 2025-11-10 | 23.26x |
| 2025-11-07 | 23.20x |
| 2025-11-06 | 22.76x |
| 2025-11-05 | 23.17x |
| 2025-11-04 | 23.21x |
| 2025-11-03 | 22.99x |
| 2025-10-31 | 22.96x |
| 2025-10-30 | 23.59x |
| 2025-10-29 | 22.64x |
| 2025-10-28 | 25.16x |
| 2025-10-27 | 25.16x |
| 2025-10-24 | 25.00x |
| 2025-10-23 | 25.07x |
| 2025-10-22 | 25.05x |
| 2025-10-21 | 25.13x |
| 2025-10-20 | 24.71x |
| 2025-10-17 | 24.49x |
| 2025-10-16 | 24.09x |
| 2025-10-15 | 24.55x |
| 2025-10-14 | 24.89x |
| 2025-10-13 | 24.77x |
| 2025-10-10 | 25.03x |
| 2025-10-09 | 25.47x |
| 2025-10-08 | 25.74x |
| 2025-10-07 | 25.68x |
| 2025-10-06 | 25.79x |
| 2025-10-03 | 26.10x |
| 2025-10-02 | 26.32x |
| 2025-10-01 | 26.48x |
| 2025-09-30 | 26.67x |
| 2025-09-29 | 26.64x |
| 2025-09-26 | 26.51x |
| 2025-09-25 | 26.19x |
| 2025-09-24 | 26.44x |
| 2025-09-23 | 26.16x |
Showing the most recent 260 of 4,346 data points. The chart above shows the full history.
