COMPARE · Reviewed July 2, 2026
ADBE vs EXLS
Verdict: Side-by-side breakdown using the Bull Rankings model. ADBE scored 89.5, EXLS scored 86.1 — ADBE ahead by 3.4000000000000057.
ADBE
Adobe Inc.
89.5
$219.72
Score gap
3.4000000000000057
ADBE leads
EXLS
ExlService Holdings, Inc.
86.1
$27.02
The companies
ADBEAdobe Inc.
Why now
Software - Application · market cap $87.3b. Down 43% from 52-week high of $386.60 — deep drawdown territory. Revenue growing +11%, comfortably above the S&P median. PEG 0.56 — paying under fair value for the growth rate. 33 sell-side analysts rate this a Hold with a mean 1-yr target of $279.87 (implying +27% upside).
Moat
Net margin 29% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 63% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 142% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 43% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.40 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
EXLSExlService Holdings, Inc.
Why now
Information Technology Services · market cap $4.1b. Down 43% from 52-week high of $47.11 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median. PEG 0.83 — paying under fair value for the growth rate. 8 sell-side analysts rate this a Buy with a mean 1-yr target of $41.75 (implying +55% upside).
Moat
ROE 32% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 118% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 43% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
Base grades (each contributes ~14.3% of base composite)
| ADBE | Component | EXLS |
|---|---|---|
| A-90 | FCF | C65 |
| B80 | Rev | B+85 |
| C+70 | D/E | C+70 |
| A95 | P/E or P/S | A-90 |
| A-90 | PEG | B+85 |
| Supplemental signals · feed the score, not on the row card | ||
| A95 | FCF Yield | A-90 |
| A95 | ROE | A95 |
| 88.5 | Base composite | 83.5 |
Adjustments (signed deltas applied on top of base)
ADBE
compounder synergy (FCF yield ≥5% + ROE ≥15% + D/E <1)+4
GARP sweet spot (PEG <1, positive FCF)+1
analyst consensus weak (28% buy)-2
insider cluster buying (net +17.9%, 40 txns)+2
forward P/E cheaper (13 → 8)+1
DCF cross-check (avg upside 66%)+1
Total+7
EXLS
compounder synergy (FCF yield ≥5% + ROE ≥15% + D/E <1)+4
GARP sweet spot (PEG <1, positive FCF)+1
analyst consensus bullish (89% buy/strong-buy)+2
insider cluster buying (net +19.6%, 46 txns)+2
forward P/E cheaper (17 → 11)+1
DCF cross-check (avg upside 55%)+1
stacked-bonus cap (+11 → 10.5)-0.4594041904508508
Total+10.54059580954915
DCF cross-check (per-share value vs. live price)
| ADBE upside | Horizon | EXLS upside |
|---|---|---|
| +44% | 1Y | +34% |
| +62% | 5Y | +51% |
| +92% | 10Y | +80% |
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.