IBEX Limited (IBEX) Stock

IBEX Limited (IBEX) is a Technology stock trading at $36.08 (as of 2026-08-20), with a market capitalization of $483.08M and a trailing P/E of 10.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

IBEX Limited delivers technology-enabled customer lifecycle services, including ibex Connect for customer engagement and value-added outsourced back-office support, ibex Digital for customer acquisition, and ibex CX for monitoring and managing customer experience. It operates delivery centers and serves industries such as banking and financial services, retail and e-commerce, streaming and entertainment, travel and hospitality, and utilities.

Understand IBEX Limited: how it makes money

IBEX Limited provides technology-enabled customer lifecycle services, including customer engagement (ibex Connect), customer acquisition (ibex Digital), and broader customer experience support, and it earns money by delivering outsourced customer service, technical support, revenue generation, and back-office solutions across multiple communication channels.

Because IBEX delivers outsourced customer services through a seat-based delivery model, profitability is structurally driven by how fully its service capacity is utilized, alongside the durability of client relationships.

Business quality (Mixed): The latest quarter shows strong delivery utilization and full client retention in the metrics provided, but the dataset also has limited disclosure granularity (no official segment revenue breakdown provided here), which makes revenue drivers other than utilization and retention harder to validate.

Valuation: Trades at 9× trailing earnings · $0B market cap.

Bull case

  • Strong delivery utilization: Seat Capacity Utilization was 91.0%.
  • Client relationships appear highly durable: Client Retention was 100.0%.

Bear case

  • Capacity utilization is not uniformly high across locations: Work-From-Site Capacity Utilization was 77.0%, which could indicate variability in delivery efficiency.
  • Potential customer concentration risk: The company separately discloses Legacy Top Three Clients Revenue of 0.03 USD_B, which raises the question of how concentrated outcomes could be among a small set of customers.
Valuation — source: SEC EDGAR (first-party)
Price$36.08
Market Cap$483.08M
P/E Ratio10.2
EV / EBITDA6.2
Price / Book3.00
Price / Sales0.77
FCF Yield6.7%
DCF Value (model)$87.17
DCF Upside vs Price141.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$558.27M
Net Margin6.6%
Revenue Growth (YoY)16.8%
EPS Growth (YoY)25.3%
FCF Growth (YoY)85.1%
Financial Health — source: SEC EDGAR
Altman Z-Score5.10 (safe)
Valuation vs Sector & Industry
Stock P/E10.2
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-69.8%
vs Industry-65.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($25.74M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEORobert T. Dechant
Employees33,000
CountryUS
IPO Date2020-08-07

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IBEX earnings history · IBEX institutional & insider holders · IBEX KPIs & operating metrics · IBEX financials · IBEX investor presentations & press releases · IBEX SEC filings · IBEX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.