Elastic N.V. (ESTC) Valuation — DCF, Graham & Comparables

Elastic N.V. (ESTC) — Price $97.28 (closing price, October 30, 2026) — Technology — Software - Application — NYSE

Latest reported results:

Valuation dashboard for Elastic N.V. (ESTC) with P/E 27.23, P/B 7.85, EV/EBITDA 154.0 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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.

What would it be worth at its usual multiples?

Versus its usual multiples: fairly priced · Current P/E 27.2× · Multiples range: $112.55 · $112.55.

At its sector median (31.5×) $113 (+16 %). 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.

Analysis Summary

Elastic N.V. reported revenue of $1.74B in the most recent fiscal year, growing at a 5-year CAGR of 23.4%.

Trailing-twelve-month margins: gross margin 75.5%, operating margin -1.5%, net margin 20.8%.

At $97.28 (closing price, October 30, 2026), ESTC trades at a P/E of 27.23 and an ROE of 35.31%. Market capitalisation stands at $10.2B, placing it among large-cap names.

Balance sheet quality for ESTC: debt-to-equity ratio of 0.46, current ratio of 1.81 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio27.23
Price / Book7.85
EV / EBITDA154.0
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
ESTCElastic N.V.$10.2B27.237.8535.3%
DDOGDatadog, Inc.$84.5B476.6419.114.6%
MDBMongoDB, Inc.$28.4B500.449.532.0%
DTDynatrace, Inc.$16.7B115.796.885.7%
TDCTeradata Corporation$3.2B7.215.42114.6%

Price

Price$97.28 (closing price, October 30, 2026)
Market Cap$10.2B
ExchangeNYSE
CountryNL

Profitability

Return on Equity35.31%
Return on Invested Capital26.27%
Return on Assets12.51%
Gross Margin75.50%
Operating Margin-1.49%
Net Margin20.84%

Related companies: DDOG · MDB · DT · TDC

Explore sector: Technology · Software - Application

More sections of ESTC: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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