Elastic N.V. (ESTC) is a publicly traded company in the Technology — Software - Application industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Elastic N.V., a company specializing in search technologies, furnishes advanced solutions engineered to operate across public, private, and multi-cloud environments. Its flagship offering is the Elastic Stack, a comprehensive software suite designed to acquire, store, search, analyze, and visually present data from a multitude of sources and formats.
Is Elastic N.V. stock overvalued or undervalued in 2026?
Elastic N.V. (ESTC) trades at 27.2× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At its sector median (32.0×) $114 (+18 %).
Kaplio overview: Elastic N.V.
Market cap $10B · 52 weeks $43 – $107 (9 % below the high) · P/E 27.2× · 2027 expected P/E 29.0× · Dividend none · Next earnings November 19, 2026 · expected EPS $0.81 · Closing price, Oct 30 · accounts published Aug 27.
- Valuation: P/E 27.2× (fairly priced).
- Business: ROIC 26 % (fair).
- Balance sheet: Net cash/EBITDA 5.2× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At its sector median (32.0×) $114 (+18 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 3 of 7 pass
- SBC / Revenue 17.2 %, fails.
- 3y revenue growth 13.9 %, borderline.
- Rule of 40 (SaaS only) 32, borderline.
- FCF / Revenue 18.5 %, borderline.
- Gross margin 76.1 %, passes, near the threshold.
- ROIC 26.3 %, passes.
- Net debt / EBITDA −5.2×, passes.
Against its peers (reference peers) — Elastic N.V.: P/E 27.2×; EV/EBITDA 154×; ROIC 26.3 %; $10.2B. Dynatrace, Inc. (P/E 116×; EV/EBITDA 51.8×; ROIC 5.1 %; $16.7B), Teradata Corporation (P/E 7.2×; EV/EBITDA 4.1×; ROIC 11.6 %; $3.2B), Grab Holdings Limited (P/E 19.6×; EV/EBITDA 11.9×; ROIC 2.7 %; $10.8B).
Profitability
| Return on Equity | 35.31% |
| Return on Invested Capital | 26.27% |
| Return on Assets | 12.51% |
| Gross Margin | 75.50% |
| Operating Margin | -1.49% |
| Net Margin | 20.84% |
Financial Health
| Debt / Equity | 0.46 |
| Current Ratio | 1.81 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.03 |
Price Performance
| 1 month | +3.56% |
| 3 months | +41.52% |
| Year-to-date | +28.95% |
| 1 year | +9.03% |
| 3 years | +37.27% |
| 5 years | -43.13% |
Related companies: DDOG · MDB · DT · TDC
Explore sector: Technology · Software - Application
More sections of ESTC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks