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Expleo Solutions Valuation Multiples

Discover Expleo Solutions' revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Kody Technolab, System Support Holdings, Forte, Glintt Global and more.

Expleo Solutions Overview

About Expleo Solutions

Expleo Solutions Ltd is an India-based holding company. It is engaged in providing software testing services. The company delivers software validation and verification services to the banking and financial services industry around the world. It offers its services to various industries, including banking, finance, and insurance; energy and utilities; automotive and manufacturing; retail and logistics, and telecommunications. The services offered by the company consist of Management Consultancy, Quality Management, Technical Testing Services and Training services.


Founded

1998

HQ

India

Employees

3.9K

Financials (FY)

Revenue: $116M
EBITDA: $20M

EV

$81M

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Expleo Solutions Financials

Expleo Solutions reported last fiscal year revenue of $116M and EBITDA of $20M.

In the same fiscal year, Expleo Solutions generated $42M in gross profit, $20M in EBITDA, and $13M in net income.

Revenue (LTM)


Expleo Solutions P&L

In the most recent fiscal year, Expleo Solutions reported revenue of $116M and EBITDA of $20M.

Expleo Solutions is profitable as of last fiscal year, with gross margin of 36%, EBITDA margin of 17%, and net margin of 11%.

See analyst estimates for Expleo Solutions
Last FY202320242025202620272028
Revenue$116M$100M$106M$114M
Gross Profit$42M$45M$46M$43M
Gross Margin36%45%43%38%
EBITDA$20M$18M$18M$20M
EBITDA Margin17%18%17%18%
EBIT Margin13%14%12%13%
Net Profit$13M$11M$11M$12M
Net Margin11%11%10%11%

Financial data powered by Morningstar, Inc.

Expleo Solutions Stock Performance

Expleo Solutions has current market cap of $128M, and enterprise value of $81M.

Market Cap Evolution


Expleo Solutions' stock price is $8.24.

Expleo Solutions share price decreased by 10.3% in the last 30 days, and by 40.8% in the last year.

Expleo Solutions has an EPS (earnings per share) of $0.84.

See more trading valuation data for Expleo Solutions
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$81M$128M0.6%-10.3%18.6%-40.8%$0.84

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Expleo Solutions Valuation Multiples

Expleo Solutions trades at 0.7x EV/Revenue multiple, and 4.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Expleo Solutions

EV / Revenue (LTM)


Expleo Solutions Financial Valuation Multiples

As of June 14, 2026, Expleo Solutions has market cap of $128M and EV of $81M.

Expleo Solutions has a P/E ratio of 9.8x.

Last FY202320242025202620272028
EV/Revenue0.7x0.8x0.8x0.7x
EV/EBITDA4.0x4.5x4.4x4.1x
EV/EBIT5.5x6.0x6.2x5.6x
EV/Gross Profit1.9x1.8x1.8x1.9x
P/E9.8x12.0x12.2x10.2x
EV/FCF6.6x23.1x5.5x5.9x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Expleo Solutions Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Expleo Solutions Margins & Growth Rates

In the most recent fiscal year, Expleo Solutions reported gross margin of 36%, EBITDA margin of 17%, and net margin of 11%.

See estimated margins and future growth rates for Expleo Solutions

Expleo Solutions Margins

Last FY202420252026202720282029
Gross Margin36%43%38%36%
EBITDA Margin17%17%18%17%
EBIT Margin13%12%13%13%
Net Margin11%10%11%11%
FCF Margin11%14%12%11%

Expleo Solutions Growth Rates

23/2424/2525/2626/2727/2828/29
Revenue Growth6%8%2%
Gross Profit Growth3%(6%)(3%)
EBITDA Growth3%9%1%
EBIT Growth(4%)11%2%
Net Profit Growth(1%)19%4%
FCF Growth322%(8%)(11%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Expleo Solutions Operational KPIs

Expleo Solutions' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.

Expleo Solutions' Rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Expleo Solutions' Rule of X is 22% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Expleo Solutions
Last FY202320242025202620272028
Rule of 4019%---
Bessemer Rule of X22%---
Revenue per Employee$0.0M---
Opex per Employee$0.0M---
S&M Expenses to Revenue-1%1%1%
G&A Expenses to Revenue-15%14%13%
Opex to Revenue24%31%31%25%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Expleo Solutions Competitors

Expleo Solutions competitors include Kody Technolab, System Support Holdings, Forte, Glintt Global, Business Online, Softronic, NINtec Systems, Forrester Research, AtaTP and Atturra.

Most Expleo Solutions public comparables operate across Business Consulting and IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Kody Technolab16.8x-45.8x-
System Support Holdings0.6x0.6x6.9x-
Forte3.2x-2.7x-
Glintt Global0.9x-6.7x-
Business Online4.9x-10.6x-
Softronic1.1x-9.9x-
NINtec Systems7.1x-26.5x-
Forrester Research0.1x0.1x1.4x1.8x

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Acquisitions by Expleo Solutions

Expleo Solutions has acquired 1 company to date.

Last acquisition by Expleo Solutions was on July 1st 2022. Expleo Solutions acquired UMS Consulting for undisclosed valuation.

See M&A valuation multiples

Latest Acquisitions by Expleo Solutions

UMS Consulting
Description
UMS Consulting builds organizational capabilities through management training and process optimization. Vienna-headquartered, the firm serves European clients in utilities and manufacturing with workshops on leadership development and operational efficiency.
HQ CountryGermany
HQ City
Frankfurt
Deal Date1 Jul 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About Expleo Solutions

When was Expleo Solutions founded?Expleo Solutions was founded in 1998.
Where is Expleo Solutions headquartered?Expleo Solutions is headquartered in India.
How many employees does Expleo Solutions have?As of today, Expleo Solutions has over 3K employees.
Is Expleo Solutions publicly listed?Yes, Expleo Solutions is a public company listed on National Stock Exchange of India.
What is the stock symbol of Expleo Solutions?Expleo Solutions trades under EXPLEOSOL ticker.
When did Expleo Solutions go public?Expleo Solutions went public in 2009.
Who are competitors of Expleo Solutions?Expleo Solutions main competitors include Kody Technolab, System Support Holdings, Forte, Glintt Global, Business Online, Softronic, NINtec Systems, Forrester Research, AtaTP, Atturra.
What is the current market cap of Expleo Solutions?Expleo Solutions' current market cap is $128M.
What is the current revenue of Expleo Solutions?Expleo Solutions' last fiscal year revenue is $116M.
What is the current EV/Revenue multiple of Expleo Solutions?Current revenue multiple of Expleo Solutions is 0.7x.
Is Expleo Solutions profitable?No, Expleo Solutions is not profitable.
How many companies Expleo Solutions has acquired to date?As of June 2026, Expleo Solutions has acquired 1 company.
What was the largest acquisition by Expleo Solutions?None of the M&A deals Expleo Solutions has completed have disclosed valuations.
What companies Expleo Solutions acquired?Expleo Solutions acquired UMS Consulting.
In how many companies Expleo Solutions has invested to date?Expleo Solutions hasn't invested in any companies yet (or none have been disclosed publicly).

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