Question 1

What is Elastic N.V.'s P/B ratio?

Accepted Answer

Elastic N.V. (ESTC) P/B ratio is 5.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Elastic N.V.?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Elastic N.V. specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is Elastic N.V.'s P/B ratio high or low?

Accepted Answer

Elastic N.V.'s P/B ratio of 5.1× is below its own 5-year average of 15.5× and below the sector median of 6.0×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Elastic N.V.'s historical P/B ratio range?

Accepted Answer

In the available daily series, Elastic N.V. (ESTC) P/B ratio has ranged from a low of 4.8× in 2026 to a high of 140.6× in 2018. The 5-year average is 15.5× and the 5-year median is 14.7×.

Question 7

What was Elastic N.V.'s P/B ratio in 2026?

Accepted Answer

Elastic N.V. (ESTC) P/B ratio at the end of 2026 was 3.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Elastic N.V.'s P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$4.84B	$1.28B	3.8×	-5.7×	Apr 30, 2026
2025	$8.83B	$927.23M	9.5×	-4.5×	Apr 30, 2025
2024	$10.36B	$738.18M	14.0×	+0.3×	Apr 30, 2024
2023	$5.48B	$398.90M	13.7×	-3.5×	Apr 30, 2023
2022	$7.14B	$415.43M	17.2×	-6.9×	Apr 30, 2022
2021	$10.85B	$450.83M	24.1×	+11.3×	Apr 30, 2021
2020	$5.26B	$413.65M	12.7×	-10.6×	Apr 30, 2020
2019	$6.14B	$263.01M	23.4×	—	Apr 30, 2019
2018	$4.33B	−$153.53M	—	—	Apr 30, 2018


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P/B Ratio for Elastic N.V. (ESTC)

P/B Ratio daily chart for Elastic N.V. (ESTC)

Historical P/B Ratio for Elastic N.V. (ESTC) from 2018 to 2026

About P/B Ratio at Elastic N.V. (ESTC)

Elastic N.V. P/B Ratio by Year

Elastic N.V. P/B Ratio 2026: 3.8×

Elastic N.V. P/B Ratio 2025: 9.5×

Elastic N.V. P/B Ratio 2024: 14.0×

Elastic N.V. P/B Ratio 2023: 13.7×

Elastic N.V. P/B Ratio 2022: 17.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Elastic N.V. (ESTC) Key Financials

P/B Ratio daily chart for Elastic N.V. (ESTC)

Historical P/B Ratio for Elastic N.V. (ESTC) from 2018 to 2026

About P/B Ratio at Elastic N.V. (ESTC)

Elastic N.V. P/B Ratio by Year

Elastic N.V. P/B Ratio 2026: 3.8×

Elastic N.V. P/B Ratio 2025: 9.5×

Elastic N.V. P/B Ratio 2024: 14.0×

Elastic N.V. P/B Ratio 2023: 13.7×

Elastic N.V. P/B Ratio 2022: 17.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Elastic N.V.'s P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Elastic N.V.?

+Is Elastic N.V.'s P/B ratio high or low?

+What is Elastic N.V.'s historical P/B ratio range?

+What was Elastic N.V.'s P/B ratio in 2026?

+Why does Elastic N.V.'s P/B ratio change over time?

Elastic N.V. (ESTC) Key Financials