ESTC Relative Valuation
ESTC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ESTC is overvalued; if below, it's undervalued.
Historical Valuation
Elastic NV (ESTC) is now in the Undervalued zone, suggesting that its current forward PS ratio of 4.18 is considered Undervalued compared with the five-year average of -23.41. The fair price of Elastic NV (ESTC) is between 445.73 to 570.90 according to relative valuation methord. Compared to the current price of 75.61 USD , Elastic NV is Undervalued By 83.04%.
Relative Value
Fair Zone
445.73-570.90
Current Price：75.61
83.04%
Undervalued
28.62
PE
1Y
3Y
5Y
21.77
EV/EBITDA
Elastic NV. (ESTC) has a current EV/EBITDA of 21.77. The 5-year average EV/EBITDA is -172.42. The thresholds are as follows: Strongly Undervalued below -1660.67, Undervalued between -1660.67 and -916.55, Fairly Valued between 571.70 and -916.55, Overvalued between 571.70 and 1315.83, and Strongly Overvalued above 1315.83. The current Forward EV/EBITDA of 21.77 falls within the Historic Trend Line -Fairly Valued range.
22.26
EV/EBIT
Elastic NV. (ESTC) has a current EV/EBIT of 22.26. The 5-year average EV/EBIT is -271.64. The thresholds are as follows: Strongly Undervalued below -2510.50, Undervalued between -2510.50 and -1391.07, Fairly Valued between 847.80 and -1391.07, Overvalued between 847.80 and 1967.23, and Strongly Overvalued above 1967.23. The current Forward EV/EBIT of 22.26 falls within the Historic Trend Line -Fairly Valued range.
4.18
PS
Elastic NV. (ESTC) has a current PS of 4.18. The 5-year average PS is 8.14. The thresholds are as follows: Strongly Undervalued below -0.49, Undervalued between -0.49 and 3.82, Fairly Valued between 12.46 and 3.82, Overvalued between 12.46 and 16.78, and Strongly Overvalued above 16.78. The current Forward PS of 4.18 falls within the Historic Trend Line -Fairly Valued range.
23.54
P/OCF
Elastic NV. (ESTC) has a current P/OCF of 23.54. The 5-year average P/OCF is 170.75. The thresholds are as follows: Strongly Undervalued below -910.81, Undervalued between -910.81 and -370.03, Fairly Valued between 711.53 and -370.03, Overvalued between 711.53 and 1252.30, and Strongly Overvalued above 1252.30. The current Forward P/OCF of 23.54 falls within the Historic Trend Line -Fairly Valued range.
22.82
P/FCF
Elastic NV. (ESTC) has a current P/FCF of 22.82. The 5-year average P/FCF is 3.59. The thresholds are as follows: Strongly Undervalued below -3775.34, Undervalued between -3775.34 and -1885.87, Fairly Valued between 1893.06 and -1885.87, Overvalued between 1893.06 and 3782.53, and Strongly Overvalued above 3782.53. The current Forward P/FCF of 22.82 falls within the Historic Trend Line -Fairly Valued range.
Elastic NV (ESTC) has a current Price-to-Book (P/B) ratio of 8.62. Compared to its 3-year average P/B ratio of 13.93 , the current P/B ratio is approximately -38.16% higher. Relative to its 5-year average P/B ratio of 17.53, the current P/B ratio is about -50.85% higher. Elastic NV (ESTC) has a Forward Free Cash Flow (FCF) yield of approximately 3.95%. Compared to its 3-year average FCF yield of 1.65%, the current FCF yield is approximately 140.00% lower. Relative to its 5-year average FCF yield of 1.00% , the current FCF yield is about 296.99% lower.
8.62
P/B
Median3y
13.93
Median5y
17.53
3.95
FCF Yield
Median3y
1.65
Median5y
1.00
Competitors Valuation Multiple
The average P/S ratio for ESTC's competitors is 93.93, providing a benchmark for relative valuation. Elastic NV Corp (ESTC) exhibits a P/S ratio of 4.18, which is -95.55% above the industry average. Given its robust revenue growth of 15.91%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ESTC decreased by 32.84% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -6.97 to -12.11.
The secondary factor is the Revenue Growth, contributed 15.91%to the performance.
Overall, the performance of ESTC in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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Frequently Asked Questions
Is Elastic NV (ESTC) currently overvalued or undervalued?
Elastic NV (ESTC) is now in the Undervalued zone, suggesting that its current forward PS ratio of 4.18 is considered Undervalued compared with the five-year average of -23.41. The fair price of Elastic NV (ESTC) is between 445.73 to 570.90 according to relative valuation methord. Compared to the current price of 75.61 USD , Elastic NV is Undervalued By 83.04% .
What is Elastic NV (ESTC) fair value?
ESTC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Elastic NV (ESTC) is between 445.73 to 570.90 according to relative valuation methord.
How does ESTC's valuation metrics compare to the industry average?
The average P/S ratio for ESTC's competitors is 93.93, providing a benchmark for relative valuation. Elastic NV Corp (ESTC) exhibits a P/S ratio of 4.18, which is -95.55% above the industry average. Given its robust revenue growth of 15.91%, this premium appears unsustainable.
What is the current P/B ratio for Elastic NV (ESTC) as of Jan 07 2026?
As of Jan 07 2026, Elastic NV (ESTC) has a P/B ratio of 8.62. This indicates that the market values ESTC at 8.62 times its book value.
What is the current FCF Yield for Elastic NV (ESTC) as of Jan 07 2026?
As of Jan 07 2026, Elastic NV (ESTC) has a FCF Yield of 3.95%. This means that for every dollar of Elastic NV’s market capitalization, the company generates 3.95 cents in free cash flow.
What is the current Forward P/E ratio for Elastic NV (ESTC) as of Jan 07 2026?
As of Jan 07 2026, Elastic NV (ESTC) has a Forward P/E ratio of 28.62. This means the market is willing to pay $28.62 for every dollar of Elastic NV’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Elastic NV (ESTC) as of Jan 07 2026?
As of Jan 07 2026, Elastic NV (ESTC) has a Forward P/S ratio of 4.18. This means the market is valuing ESTC at $4.18 for every dollar of expected revenue over the next 12 months.