Latest Ratios: P/E Ratio 9.3x · EV/EBITDA 6.8x · ROE 22.4%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.9B | $8.3B | $7.7B | $6.4B | $8.7B | $10.2B | $8.1B | $8.2B | $5.2B | $6.3B | $5.1B |
| Enterprise Value | $5.8B | $9.2B | $8.5B | $7.3B | $9.8B | $11.3B | $9.4B | $9.6B | $6.2B | $7.0B | $5.6B |
| P/E Ratio → | 9.25 | 14.95 | 15.07 | 10.18 | 24.64 | 27.79 | 26.34 | 27.03 | 18.61 | 23.69 | 19.02 |
| P/S Ratio | 0.97 | 1.63 | 1.63 | 1.44 | 1.99 | 2.55 | 2.18 | 2.34 | 1.74 | 2.29 | 1.99 |
| P/B Ratio | 2.01 | 3.24 | 3.24 | 2.86 | 4.77 | 5.40 | 4.41 | 4.87 | 1.06 | 4.38 | 3.96 |
| P/FCF | 6.68 | 11.25 | 14.62 | 14.87 | 22.38 | 16.08 | 15.77 | 25.79 | 29.23 | 21.91 | 19.90 |
| P/OCF | 6.04 | 10.17 | 12.59 | 13.09 | 19.64 | 14.75 | 13.87 | 19.23 | 15.42 | 17.42 | 14.79 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.81 | 1.79 | 1.64 | 2.23 | 2.82 | 2.53 | 2.73 | 2.06 | 2.55 | 2.17 |
| EV / EBITDA | 6.81 | 10.73 | 10.71 | 10.00 | 15.46 | 16.77 | 15.71 | 17.20 | 13.66 | 16.34 | 13.21 |
| EV / EBIT | 7.66 | 11.77 | 11.30 | 10.99 | 18.66 | 20.95 | 20.59 | 21.32 | 15.03 | 19.32 | 15.83 |
| EV / FCF | — | 12.49 | 16.12 | 17.00 | 25.08 | 17.81 | 18.31 | 30.07 | 34.46 | 24.41 | 21.75 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6% | 35.6% | 35.5% | 35.1% | 35.1% | 35.6% | 34.8% | 34.8% | 36.0% | 38.6% | 39.5% |
| Operating Margin | 15.0% | 15.0% | 14.7% | 14.1% | 11.5% | 12.7% | 11.8% | 12.2% | 11.6% | 12.1% | 13.3% |
| Net Profit Margin | 10.9% | 10.9% | 10.8% | 14.1% | 8.1% | 9.2% | 8.3% | 8.7% | 9.4% | 9.5% | 10.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.4% | 22.4% | 22.2% | 31.0% | 19.0% | 19.8% | 17.5% | 9.2% | 8.8% | 19.2% | 20.6% |
| ROA | 10.2% | 10.2% | 10.5% | 13.4% | 7.4% | 7.5% | 6.6% | 7.6% | 8.1% | 8.2% | 9.4% |
| ROIC | 17.2% | 17.2% | 16.6% | 15.7% | 12.8% | 12.4% | 10.6% | 7.2% | 6.5% | 12.7% | 15.0% |
| ROCE | 18.4% | 18.4% | 18.7% | 18.1% | 14.0% | 13.9% | 12.2% | 14.1% | 13.5% | 13.9% | 15.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.60 | 0.67 | 0.93 | 1.05 | 1.08 | 1.09 | 0.26 | 0.85 | 0.69 |
| Debt / EBITDA | 2.06 | 2.06 | 1.81 | 2.05 | 2.69 | 2.96 | 3.32 | 3.29 | 2.89 | 2.85 | 2.12 |
| Net Debt / Equity | — | 0.36 | 0.33 | 0.41 | 0.58 | 0.58 | 0.71 | 0.81 | 0.19 | 0.50 | 0.37 |
| Net Debt / EBITDA | 1.07 | 1.07 | 1.00 | 1.25 | 1.66 | 1.63 | 2.18 | 2.45 | 2.07 | 1.67 | 1.12 |
| Debt / FCF | — | 1.24 | 1.50 | 2.13 | 2.70 | 1.73 | 2.54 | 4.28 | 5.22 | 2.49 | 1.85 |
| Interest Coverage | 15.72 | 15.72 | 9.51 | 10.08 | 9.01 | 9.29 | 8.12 | 8.87 | 8.46 | 9.03 | 15.07 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 2.16 | 1.44 | 1.61 | 1.47 | 1.45 | 1.70 | 1.39 | 1.71 | 1.68 |
| Quick Ratio | 1.66 | 1.66 | 2.16 | 1.44 | 1.61 | 1.47 | 1.45 | 1.70 | 1.23 | 1.48 | 1.44 |
| Cash Ratio | 0.75 | 0.75 | 0.70 | 0.44 | 0.59 | 0.69 | 0.57 | 0.51 | 0.38 | 0.60 | 0.58 |
| Asset Turnover | — | 0.87 | 0.96 | 0.93 | 0.95 | 0.81 | 0.76 | 0.79 | 0.85 | 0.79 | 0.89 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 12.79 | 8.78 | 9.01 |
| Days Sales Outstanding | — | 91.93 | 94.27 | 92.43 | 84.03 | 81.33 | 87.58 | 96.77 | 96.90 | 92.43 | 87.36 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 1.4% | 1.4% | 1.6% | 1.1% | 0.8% | 0.9% | 0.8% | 1.1% | 0.7% | — |
| Payout Ratio | 21.3% | 21.3% | 21.1% | 15.8% | 26.0% | 21.8% | 24.1% | 21.2% | 20.3% | 17.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.8% | 6.7% | 6.6% | 9.8% | 4.1% | 3.6% | 3.8% | 3.7% | 5.4% | 4.2% | 5.3% |
| FCF Yield | 15.0% | 8.9% | 6.8% | 6.7% | 4.5% | 6.2% | 6.3% | 3.9% | 3.4% | 4.6% | 5.0% |
| Buyback Yield | 5.8% | 3.4% | 3.3% | 3.5% | 2.5% | 2.9% | 1.7% | 0.4% | 2.9% | 3.5% | 6.7% |
| Total Shareholder Yield | 8.1% | 4.9% | 4.7% | 5.1% | 3.5% | 3.7% | 2.6% | 1.2% | 4.0% | 4.3% | 6.7% |
| Shares Outstanding | — | $177M | $180M | $185M | $188M | $193M | $196M | $195M | $194M | $197M | $210M |
Wage inflation and automation
Based on current market data, Genpact trades at a forward P/E of 7.00, which appears significantly compressed compared to peers like ExlService and Wipro, suggesting that investors are pricing in a deceleration in growth or potential margin erosion from AI-driven service delivery shifts.
The low P/E and EV/EBITDA multiples relative to the broader IT services sector indicate that the market remains skeptical of the company's ability to maintain its historical growth rates. This valuation gap may imply that investors are discounting the firm's transition toward higher-value digital services, viewing it instead as a legacy BPO provider susceptible to technological disruption.
As reported in financial statements, Genpact's ROIC has hovered between 3.7% and 4.4% over the last ten quarters, a performance level that appears to lag behind specialized analytics peers and suggests that the company's capital-intensive service model struggles to generate significant excess returns on invested capital.
The persistent gap between ROIC and the company's cost of capital warrants further investigation into whether recent acquisitions are failing to deliver the expected synergies. This trend suggests that while the business is stable, it is not currently compounding value at a rate that would justify a premium valuation multiple.
According to recent SEC filings, Genpact's DSO has remained elevated near 90 days, indicating that the company's cash conversion cycle is heavily influenced by the payment terms of its large enterprise client base, which creates significant quarterly volatility in reported free cash flow.
The lack of improvement in DSO suggests that Genpact possesses limited leverage to accelerate collections from its multinational clients. This structural inefficiency forces the company to maintain higher liquidity buffers, which may be constraining its ability to deploy capital more aggressively toward high-growth digital initiatives.
The P/E ratio is frequently misapplied to Genpact's business model because it fails to account for the significant non-cash amortization of intangible assets resulting from past acquisitions, which artificially depresses reported net income and obscures the underlying cash-generating power of the core managed services business.
Investors should instead focus on EV/EBITDA or P/FCF to better capture the operational reality of the firm's cash flow generation. Relying solely on P/E risks misinterpreting the company's valuation by ignoring the substantial depreciation and amortization charges that are inherent to its acquisition-heavy growth strategy.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying G stock.
Genpact Limited's current P/E ratio is 9.3x. The historical average is 26.4x.
Genpact Limited's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
Genpact Limited's return on equity (ROE) is 22.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 15.2%.
Based on historical data, Genpact Limited is trading at a P/E of 9.3x. Compare with industry peers and growth rates for a complete picture.
Genpact Limited's current dividend yield is 2.30% with a payout ratio of 21.3%.
Genpact Limited has 35.6% gross margin and 15.0% operating margin. Operating margin between 10-20% is typical for established companies.
Genpact Limited's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.