e.l.f. Beauty, Inc. (ELF) Key Metrics
ELF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.70B
- Enterprise value
- $6.53B
- P/E (TTM)
- 115.9 10-yr median 48.6
- Forward P/E
- 35.2
- PEG ratio
- 1.37
- Price / sales
- 3.8 10-yr median 3.2
- Price / book
- 5.1 10-yr median 4.6
- EV / EBITDA
- 29.4 10-yr median 25.4
- Dividend yield
- —
- Beta
- 1.60
ELF key metrics, FY2018–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsELF valuation Price multiples at each fiscal year-end price.
ELF returns How much profit the business earns on the capital it uses.
ELF per-share figures Results divided by the shares outstanding at year-end.
ELF financial health Debt, liquidity and how easily interest is covered.
ELF efficiency & capital use Working capital cycle and where the cash goes.
ELF valuation history
ELF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ELF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ELF cash returned to shareholders
ELF price vs earnings per share
ELF key metrics
FY2018–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.60B | $3.66B | $11.33B | $4.56B | $1.39B | $1.40B | $500.0M | $522.2M | $421.9M | $956.4M |
| Enterprise value | $4.22B | $3.83B | $11.51B | $4.52B | $1.46B | $1.49B | $606.9M | $621.4M | $521.1M | $1.10B |
| P/E ratio | 136.7 | 32.7 | 88.7 | 74.1 | 63.7 | 223.8 | 28.0 | 33.6 | 27.2 | 28.6 |
| Price / sales | 2.2 | 2.8 | 11.1 | 7.9 | 3.5 | 4.4 | 1.8 | 2.0 | 1.6 | 3.5 |
| Price / book | 3.2 | 4.8 | 17.6 | 11.1 | 4.4 | 5.2 | 2.1 | 2.3 | 1.8 | 4.9 |
| Price / free cash flow | 18.9 | 31.8 | 181.3 | 45.5 | 94.3 | 60.6 | 14.3 | 11.2 | 9.0 | 197.8 |
| Price / operating cash flow | 16.9 | 27.4 | 159.2 | 44.7 | 71.0 | 47.3 | 11.3 | 9.4 | 7.6 | 77.3 |
| EV / sales | 2.6 | 2.9 | 11.2 | 7.8 | 3.7 | 4.7 | 2.1 | 2.3 | 1.9 | 4.1 |
| EV / EBITDA | 26.3 | 18.6 | 63.0 | 53.0 | 26.7 | 46.3 | 11.4 | 14.5 | 11.8 | 24.5 |
| EV / free cash flow | 22.2 | 33.2 | 184.2 | 45.1 | 99.3 | 64.7 | 17.4 | 13.3 | 11.2 | 228.1 |
| Earnings yield | 0.7% | 3.1% | 1.1% | 1.4% | 1.6% | 0.4% | 3.6% | 3.0% | 3.7% | 3.5% |
| Free cash flow yield | 5.3% | 3.1% | 0.6% | 2.2% | 1.1% | 1.6% | 7.0% | 8.9% | 11.1% | 0.5% |
| Dividend yield | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.4% | 1.8% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $60.61 | $62.79 | $196.03 | $82.35 | $25.83 | $26.83 | $9.84 | $10.60 | $8.66 | $19.37 |
| Per share | ||||||||||
| Revenue per share | $27.57 | $22.51 | $17.72 | $10.46 | $7.31 | $6.12 | $5.57 | $5.43 | $5.49 | $5.47 |
| Earnings per share | $0.44 | $1.92 | $2.21 | $1.11 | $0.41 | $0.12 | $0.35 | $0.32 | $0.32 | $0.68 |
| Operating cash flow per share | $3.58 | $2.29 | $1.23 | $1.84 | $0.36 | $0.57 | $0.87 | $1.13 | $1.14 | $0.25 |
| Free cash flow per share | $3.20 | $1.98 | $1.08 | $1.81 | $0.27 | $0.44 | $0.69 | $0.95 | $0.96 | $0.10 |
| Cash per share | $4.88 | $2.55 | $1.87 | $2.18 | $0.81 | $1.11 | $0.91 | $1.04 | $1.05 | $0.20 |
| Book value per share | $19.05 | $13.04 | $11.12 | $7.43 | $5.82 | $5.19 | $4.77 | $4.65 | $4.71 | $3.93 |
| Tangible book value per share | −$4.65 | $3.64 | $1.33 | $2.92 | $1.02 | $0.07 | −$0.62 | −$0.54 | −$0.55 | −$1.40 |
| Dividends per share | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.38 | $0.32 | $0.15 | $0.03 | $0.09 | $0.12 | $0.19 | $0.18 | $0.18 | $0.15 |
| Debt per share | $15.45 | $5.36 | $5.03 | $1.48 | $2.18 | $2.90 | $3.01 | $3.05 | $3.09 | $3.17 |
| Shares outstanding | 59.4M | 58.3M | 57.8M | 55.3M | 53.7M | 52.0M | 50.8M | 49.3M | 48.7M | 49.4M |
| Change in shares outstanding | +1.7% | +1.0% | +4.4% | +3.1% | +3.2% | +2.3% | +3.1% | +1.1% | −1.3% | +5.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.8% | 16.0% | 24.2% | 17.0% | 7.5% | 2.4% | 7.6% | 6.8% | 7.3% | 17.3% |
| Return on invested capital (ROIC) | 6.4% | 13.9% | 22.6% | 17.3% | 6.8% | 2.6% | 6.6% | 6.9% | 6.8% | 9.8% |
| Return on assets (ROA) | 1.4% | 9.4% | 14.8% | 11.3% | 4.4% | 1.3% | 4.0% | 3.6% | 3.6% | 8.0% |
| Return on tangible assets | 2.7% | 16.0% | 22.7% | 17.8% | 9.2% | 2.8% | 10.0% | 8.6% | 8.6% | 21.7% |
| Free cash flow margin | 11.6% | 8.8% | 6.1% | 17.3% | 3.7% | 7.2% | 12.3% | 17.5% | 17.5% | 1.8% |
| Income quality (OCF / net income) | 8.07 | 1.19 | 0.56 | 1.66 | 0.90 | 4.73 | 2.48 | 3.58 | 3.58 | 0.37 |
| Financial health | ||||||||||
| Total debt | $916.9M | $313.0M | $290.6M | $82.2M | $117.0M | $150.9M | $153.0M | $150.4M | $150.4M | $156.3M |
| Cash & short-term investments | $289.7M | $148.7M | $108.2M | $120.8M | $43.4M | $57.8M | $46.2M | $51.2M | $51.2M | $10.1M |
| Net debt | $627.2M | $164.3M | $182.4M | −$38.6M | $73.6M | $93.1M | $106.8M | $99.2M | $99.2M | $146.3M |
| Debt / equity | 0.81 | 0.41 | 0.45 | 0.20 | 0.37 | 0.56 | 0.63 | 0.66 | 0.66 | 0.81 |
| Debt / assets | 0.38 | 0.25 | 0.26 | 0.14 | 0.24 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 |
| Net debt / EBITDA | 3.91 | 0.80 | 1.00 | −0.45 | 1.35 | 2.90 | 2.00 | 2.31 | 2.25 | 3.25 |
| Current ratio | 2.35 | 3.05 | 1.59 | 2.81 | 2.97 | 2.32 | 2.59 | 3.30 | 3.30 | 2.41 |
| Quick ratio | 1.69 | 2.00 | 0.95 | 2.06 | 1.67 | 1.55 | 1.69 | 2.22 | 2.22 | 1.19 |
| Interest coverage | 3.2 | 9.2 | 12.6 | 17.1 | 12.2 | 2.3 | 4.7 | 3.3 | — | 3.8 |
| Working capital | $453.2M | $363.5M | $178.0M | $195.3M | $128.0M | $96.8M | $81.2M | $98.7M | $98.7M | $72.3M |
| Invested capital | $1.76B | $925.2M | $825.0M | $372.4M | $386.1M | $362.8M | $349.0M | $328.5M | $328.5M | $340.2M |
| Tangible asset value | −$276.1M | $212.6M | $76.9M | $161.4M | $54.6M | $3.7M | −$31.6M | −$26.7M | −$26.7M | −$69.3M |
| Net current asset value | −$474.3M | $53.2M | −$9.6M | $118.7M | $10.8M | −$47.6M | −$78.6M | −$64.8M | −$64.8M | −$99.7M |
| Graham number | $13.79 | $23.74 | $23.51 | $13.63 | $7.29 | $3.74 | $6.14 | $5.74 | $5.81 | $7.74 |
| Graham net-net per share | −$12.35 | −$2.58 | −$3.29 | $0.50 | −$1.16 | −$1.95 | −$2.35 | −$2.12 | −$2.15 | −$3.01 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Share buybacks (net) | $50.0M | $67.1M | $0 | $0 | $0 | $0 | $7.9M | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 26.3% | 58.2% | 0.0% | 0.0% | 0.0% | 0.0% | 22.7% | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 1.4% | 1.4% | 0.8% | 0.3% | 1.2% | 2.0% | 3.3% | 3.3% | 3.3% | 2.8% |
| Capex / operating cash flow | 10.6% | 13.8% | 12.2% | 1.7% | 24.7% | 22.0% | 21.3% | 16.0% | 16.0% | 60.9% |
| Capex / depreciation | 0.28 | 0.42 | 0.29 | 0.10 | 0.18 | 0.26 | 0.41 | 0.50 | 0.50 | 0.52 |
| Stock-based compensation / revenue | 5.3% | 5.5% | 4.0% | 5.0% | 5.0% | 6.2% | 5.5% | 6.3% | — | 5.0% |
| SG&A / revenue | 62.7% | 59.2% | 55.7% | 55.7% | 56.6% | 61.0% | 55.6% | 51.1% | 51.1% | 48.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.5 | 34.7 | 34.2 | 35.8 | 39.9 | 40.1 | 42.9 | 50.1 | 55.5 | 60.4 |
| Days of inventory on hand | 155.2 | 182.9 | 166.1 | 160.6 | 183.7 | 168.0 | 166.0 | 161.6 | 190.0 | 217.5 |
| Days payables outstanding | 64.6 | 74.0 | 68.5 | 49.1 | 45.4 | 45.8 | 59.0 | 71.4 | 82.4 | 92.9 |
| Cash conversion cycle (days) | 124.1 | 143.6 | 131.7 | 147.3 | 178.2 | 162.3 | 149.9 | 140.3 | 163.2 | 185.0 |
| Receivables turnover | 10.89 | 10.52 | 10.68 | 10.20 | 9.15 | 9.10 | 8.51 | 7.28 | 6.57 | 6.05 |
| Payables turnover | 5.65 | 4.93 | 5.33 | 7.44 | 8.04 | 7.97 | 6.19 | 5.11 | 4.43 | 3.93 |
| Inventory turnover | 2.35 | 2.00 | 2.20 | 2.27 | 1.99 | 2.17 | 2.20 | 2.26 | 1.92 | 1.68 |
| Asset turnover | 0.90 | 1.10 | 1.19 | 1.06 | 0.80 | 0.68 | 0.64 | 0.61 | 0.63 | 0.65 |
| Average receivables | $150.3M | $124.9M | $95.9M | $56.7M | $42.9M | $35.0M | $33.2M | $36.7M | $40.7M | $44.6M |
| Average payables | $84.8M | $76.6M | $56.3M | $25.3M | $17.5M | $14.0M | $16.4M | $20.5M | $23.6M | $26.8M |
| Average inventory | $203.7M | $189.3M | $136.4M | $82.9M | $70.7M | $51.5M | $46.3M | $46.3M | $54.5M | $62.7M |
| Intangibles / total assets | 58.8% | 43.9% | 50.1% | 41.9% | 52.1% | 54.6% | 60.4% | 58.7% | 58.7% | 63.1% |
Computed from ELF's annual financial statements (latest annual report filed May 21, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ELF valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), e.l.f. Beauty traded at 136.7 times earnings, against a 10-year median of 48.6. Based on the latest twelve months, the trailing P/E is 115.9 and the forward P/E is 35.2. e.l.f. Beauty earned a return on equity of 2.8% and a return on invested capital of 6.4% in fiscal 2026. It ended the year with $916.9 million of debt and $289.7 million in cash and short-term investments, net debt of $627.2 million. It returned $50.0 million to shareholders: $0 in dividends and $50.0 million in share buybacks, 26% of free cash flow. The share count rose 20.2% from 49.4M to 59.4M over 9 years.
See the ELF income statement, the ELF chart for price history, or the ELF stock overview for the latest quote and news.
ELF key metrics FAQ
What is e.l.f. Beauty's P/E ratio?
e.l.f. Beauty's trailing P/E ratio is 115.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 35.2. At the end of fiscal 2026 it was 136.7, compared with a 10-year median of 48.6.
What is e.l.f. Beauty's EV/EBITDA?
e.l.f. Beauty's enterprise value was 26.3 times EBITDA at the end of fiscal 2026 (enterprise value $4.2 billion, EBITDA $160.6 million); the current EV/EBITDA is 29.4.
What is e.l.f. Beauty's return on equity?
e.l.f. Beauty's return on equity (ROE) was 2.8% in fiscal 2026: net income of $26.3 million on average shareholders' equity of $945.7 million.
What is e.l.f. Beauty's ROIC?
e.l.f. Beauty's return on invested capital was 6.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does e.l.f. Beauty have?
e.l.f. Beauty had total debt of $916.9 million at the end of fiscal 2026, a debt-to-equity ratio of 0.81 and $627.2 million of net debt (3.91 times EBITDA).
Does e.l.f. Beauty buy back its shares?
Yes. e.l.f. Beauty spent $50.0 million on net share repurchases in fiscal 2026 Shares outstanding changed +1.7% over the year, to 59.4M..
What is e.l.f. Beauty's free cash flow yield?
e.l.f. Beauty generated $190.1 million of free cash flow in fiscal 2026, a free cash flow yield of 5.3% on its market value at year-end ($3.6 billion).
What is e.l.f. Beauty's current ratio?
e.l.f. Beauty's current ratio was 2.35 at the end of fiscal 2026: current assets were 2.35 times current liabilities.