Question 1

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

Accepted Answer

Elastic N.V. (ESTC) P/E ratio is 16.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Elastic N.V. specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

Elastic N.V.'s P/E ratio of 16.8× is below its own 5-year average of 142.3× and below the sector median of 29.4×. That places the current reading at the 3th 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/E ratio range?

Accepted Answer

In the available daily series, Elastic N.V. (ESTC) P/E ratio has ranged from a low of 15.3× in 2026 to a high of 218.0× in 2024. The 5-year average is 142.3× and the 5-year median is 167.8×.

Question 7

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

Accepted Answer

Elastic N.V. (ESTC) P/E ratio at the end of 2026 was 13.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$368M	13.2×	—	Apr 30, 2026
2025	$8.83B	-$108M	—	—	Apr 30, 2025
2024	$10.4B	$61.7M	167.8×	—	Apr 30, 2024
2023	$5.48B	-$236M	—	—	Apr 30, 2023
2022	$7.14B	-$204M	—	—	Apr 30, 2022
2021	$10.8B	-$129M	—	—	Apr 30, 2021
2020	$5.26B	-$167M	—	—	Apr 30, 2020
2019	$6.14B	-$102M	—	—	Apr 30, 2019
2018	$4.33B	-$52.7M	—	—	Apr 30, 2018


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P/E Ratio for Elastic N.V. (ESTC) 2024-2026

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

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

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

Elastic N.V. P/E Ratio by Year

Elastic N.V. P/E Ratio 2026: 13.2×

Elastic N.V. P/E Ratio 2024: 167.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Elastic N.V. (ESTC) Key Financials