# Elastic N.V. (ESTC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $91.81, market value $9.6 billion.

## Valuation
- **P/E (trailing): 26.2×** (5-yr avg 93.4×, 3-yr avg 93.4×). Elastic N.V. trades at 26.2× trailing earnings, well below its own five-year average of 93.4×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 23.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.05**. A PEG of 0.05 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.3×**. Each dollar of revenue is priced at 5.3×.
- **Price / book: 7.4×**. The shares trade at 7.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 3.6%** (5-yr avg 2.3%). Free cash flow equals 3.6% of the market value, above its five-year average of 2.3%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.8%**. The inverse of the P/E: 3.8% of the price is earned each year.

## Profitability
- **Gross margin: 75.5%**. Elastic N.V. keeps 75.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -2.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 21.1%**. 21.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.8%**. 28.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: -3.5%**. Return on all capital, debt included, is -3.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 11.9%**. Each dollar of assets produces 11.9% of profit.

## Growth
- **Revenue growth (1 yr): 17.3%** (3-yr 17.6%/yr, 5-yr 23.4%/yr). Revenue grew 17.3% over the last year, against 23.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 429.8%**. Earnings per share rose 429.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 113.7%/yr**. Free cash flow has compounded at 113.7% a year over three years.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Altman Z-score: 4.17**. A Z-score of 4.17 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Elastic N.V. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (27 analysts). 27 analysts cover Elastic N.V.; the consensus is buy, with an average price target of $102.81 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 8.4%** (YTD 21.7%, 3-mo 48.6%). The shares are up 8.4% over twelve months including dividends.
- **From 52-week high: -15.0%** (118.3% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.95** (volatility 57%). Beta of 0.95 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ESTC · Page: https://foliofundamentals.com/stocks/estc

Not investment advice.