IBEX Ltd (IBEX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of IBEX Ltd $56.61, price $42.66, upside +32.7%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $12.00 – $42.66 · fair‑value band $33.64 – $85.80 · the $42.66 price screens below the $56.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally.
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IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company's products and services portfolio includes ibex Connect that offers customer service, technical support, revenue generation, and other value-added outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, which provides a suite to measure, monitor, and manage its clients' customer experiences. It operates customer engagement and customer acquisition delivery centers. The company serves banking and financial services, delivery and logistics, health tech and wellness, high tech, retail and e-commerce, streaming and entertainment, travel and hospitality, and utility industries. IBEX Limited was formerly known as IBEX Holdings Limited and changed its name to IBEX Limited in September 2019. The company was incorporated in 2017 and is headquartered in Washington, District of Columbia.
Stock analysis
IBEX Ltd (IBEX) currently trades at $42.66, while our model-based Fair Value estimate is $56.61, implying the stock looks roughly 24.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $68.20 per share, and 14 of the 24 models we run sit above the $42.66 price.
Bear case: the Asset-Based group reads lowest at $6.72, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $33.64 (bear) to $85.80 (bull), the price of $42.66 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
IBEX Ltd reported revenue of $558M in FY2025 versus $443M in FY2021, a compound +5.9%/yr. Reported net income was $36.9M in FY2025, compounding +29.5%/yr from FY2021.
Key figures
Market cap $671M · P/E ratio 13.3 · P/S ratio 0.88 · EPS (TTM) $3.20 · Net margin 6.6% · Return on equity 33.1% · Return on assets (EBIT) 11.5% · Operating margin 9.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at 33%, IBEX screens richer than that median.
Fair Value models
Bear $33.64Fair Value $56.61Bull $85.80
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($3.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.32% vs 39%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 8%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +12.0% a year for the price.
News mood ⓘNews mood, the average tone of recent news (89 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 490 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+33% · Above median
Profitability
Return on equity (TTM)33% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)8% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth17% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "IBEX Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IBEX
Frequently asked questions
Is IBEX Ltd (IBEX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $56.61 versus a price of $42.66, about +33% upside (undervalued).
What is the fair value of IBEX?
Our model-based fair value for IBEX Ltd is $56.61 (as of Sep 23, 2026), built from audited fundamentals. The current price: $42.66.
What is the quality score of IBEX?
IBEX Ltd has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IBEX Ltd (IBEX)?
Our model-based price target is the fair value of $56.61 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario $33.64, optimistic scenario $85.80. It is a calculation from audited fundamentals, not an analyst target.
What is the IBEX Ltd stock forecast for 2026?
Our models put fair value at $56.61, about +33% upside versus a price of $42.66 (undervalued). Cautious scenario $33.64, optimistic scenario $85.80. The calculation is refreshed regularly with new filings.
What is the revenue of IBEX Ltd (IBEX)?
IBEX Ltd reported trailing-twelve-month revenue of about $627M (latest available figure, as of Sep 23, 2026).
What growth is priced into IBEX Ltd (IBEX)?
For today's price to be fair in a discounted-cash-flow model, IBEX Ltd would have to grow free cash flow by +14.7 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of IBEX use?
Our models discount IBEX Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.70, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For IBEX Ltd that is +14.7 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has IBEX Ltd (IBEX) delivered so far?
Over the past 5 years revenue at IBEX Ltd grew +6.6 % a year. The price currently implies +14.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of IBEX Ltd (IBEX) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into IBEX Ltd (+14.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IBEX Ltd (IBEX)?
The free-cash-flow yield on the price is 4.07 %: that much free cash flow IBEX Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IBEX Ltd (IBEX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IBEX Ltd it is $56.61 per share (as of Sep 23, 2026), against a price of $42.66. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is IBEX Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IBEX trades below its calculated fair value: price $42.66, fair value $56.61, a gap of about +33% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IBEX?
No. The price is what the market pays today ($42.66); the fair value is what the company's own numbers justify ($56.61). For IBEX Ltd the two are $13.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is IBEX Ltd worth?
The market values IBEX Ltd at about $671M (market capitalisation, as of Sep 23, 2026). Per share that is $42.66; our models calculate a fair value of $56.61 per share.
What do the bullish and bearish scenarios say about IBEX?
Our models span a range for IBEX Ltd: cautious scenario $33.64, base $56.61, optimistic $85.80 per share (as of Sep 23, 2026, price $42.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IBEX?
IBEX Ltd trades at a price-to-earnings ratio of 13.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $56.61 is built from several models across several years. Other multiples: P/B 5.0, P/S 1.1, EV/EBITDA 8.4.
How solid is the balance sheet of IBEX Ltd (IBEX)?
Balance-sheet figures for IBEX Ltd (as of Sep 23, 2026): return on equity 33.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is IBEX from its 52-week high?
IBEX Ltd trades at $42.66, at its 52-week high of $42.66 and 62% above the low of $26.40 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $56.61 is for.
Which stocks are comparable to IBEX Ltd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IBEX Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price $42.66, calculated fair value $56.61 (+33%), Quality Score 77/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IBEX calculated?
We run IBEX Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $56.61, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. IBEX Ltd currently trades 33 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IBEX Ltd (IBEX)?
The closing price on Sep 23, 2026 was $42.66. Our model-based fair value is $56.61, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IBEX Ltd right now?
The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range ($33.64 to $85.80) leaves room in how you read the outcome.
Key figures of IBEX Ltd
How large is the market capitalisation of IBEX Ltd (IBEX)?
The market capitalisation of IBEX Ltd is $671M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IBEX Ltd (IBEX)?
The price-to-sales ratio of IBEX Ltd is 0.88 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IBEX Ltd (IBEX)?
Earnings per share at IBEX Ltd are $3.20 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IBEX Ltd (IBEX)?
The net margin of IBEX Ltd is 6.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IBEX Ltd (IBEX)?
The return on equity (ROE) of IBEX Ltd is 33.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IBEX Ltd (IBEX)?
On an EBIT basis the return on assets of IBEX Ltd is 11.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IBEX Ltd (IBEX)?
The operating margin of IBEX Ltd is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IBEX Ltd (IBEX)?
Revenue at IBEX Ltd is growing +16.8% versus a year earlier (3y avg +4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IBEX Ltd (IBEX)?
Earnings per share at IBEX Ltd are growing +21.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IBEX Ltd (IBEX) carry?
The net debt of IBEX Ltd is $54.4M (fiscal year 2025, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 23, 2026