CSPI vs EXLS Valuation Comparison 2026 — Intrinsic Value Analysis

Quick Summary — EXLS scores higher on quality with 9.6/10 vs CSPI's 6.5/10. CSPI trades at $9.68 while EXLS trades at $29.68. Both analyzed daily using SEC EDGAR data across 13 institutional models.

CSPI

Information Technology Services

CSP Inc.

Quality

6.5

out of 10

Value Trap

24

SAFE

Price

$9.68

Last close

Models

13/13

Active

VS

EXLS

Information Technology Services

ExlService Holdings, Inc.

Quality

9.6

out of 10

Value Trap

18

SAFE

Price

$29.68

Last close

Models

12/13

Active

CSPI

2 models active

Limited to 2/13 visible models

EXLS

Quality Score 9.6/10 — top tier

Limited to 2/13 visible models

CSPI vs EXLS — Fair Value Comparison

CSPI

EXLS

Market Price Model 1 Model 2

Model-by-Model Comparison

Model	Type	CSPI Fair Value	CSPI Upside	EXLS Fair Value	EXLS Upside
Bayesian DCF	Intrinsic	$4.48	-53.8%	$20.97	-29.4%
Earnings Power Value	Intrinsic	$6.93	-25.7%	$12.10	-59.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

CSPI vs EXLS — Which Stock Is More Undervalued in 2026?

EXLS scores higher with a 9.6/10 quality rating vs CSPI's 6.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do CSPI and EXLS Valuations Compare?

At $9.68, CSPI trades +53.8% above its Bayesian DCF fair value of $4.48, while EXLS at $29.68 trades +29.4% above its estimate of $20.97. CSPI shows a wider gap between price and intrinsic value.

Quality of Company: CSPI vs EXLS

CSPI earns a Quality of Company score of 6.5/10 compared to EXLS's 9.6/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: CSPI vs EXLS

CSPI carries a SAFE value trap risk (24/100) while EXLS shows SAFE risk (18/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Information Technology Services

Both CSPI and EXLS operate in Information Technology Services, which has 65 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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CSPI

View Full CSP Inc. Analysis →

EXLS

View Full ExlService Holdings, Inc. Analysis →

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