Elastic N.V. (ESTC) Key Metrics
ESTC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $9.63B
- Enterprise value
- $8.72B
- P/E (TTM)
- 26.2
- Forward P/E
- 27.4
- PEG ratio
- 4.17
- Price / sales
- 5.3 10-yr median 8.3
- Price / book
- 7.4 10-yr median 14.1
- EV / EBITDA
- 473.9
- Dividend yield
- —
- Beta
- 1.04
ESTC key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsESTC valuation Price multiples at each fiscal year-end price.
ESTC returns How much profit the business earns on the capital it uses.
ESTC per-share figures Results divided by the shares outstanding at year-end.
ESTC financial health Debt, liquidity and how easily interest is covered.
ESTC efficiency & capital use Working capital cycle and where the cash goes.
ESTC valuation history
ESTC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ESTC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ESTC cash returned to shareholders
ESTC price vs earnings per share
ESTC key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.98B | $8.94B | $10.63B | $5.48B | $7.05B | $10.52B | $5.05B | $4.70B | — | — |
| Enterprise value | $4.20B | $8.13B | $10.14B | $5.16B | $6.78B | $10.15B | $4.79B | $4.40B | — | — |
| P/E ratio | 13.5 | — | 172.2 | — | — | — | — | — | — | — |
| Price / sales | 2.9 | 6.0 | 8.4 | 5.1 | 8.2 | 17.3 | 11.8 | 17.3 | — | — |
| Price / book | 3.9 | 9.6 | 14.4 | 13.7 | 17.0 | 23.3 | 12.2 | 17.9 | — | — |
| Price / free cash flow | 15.5 | 34.1 | 73.1 | 166.2 | — | 574.3 | — | — | — | — |
| Price / operating cash flow | 15.2 | 33.6 | 71.4 | 153.7 | — | 466.6 | — | — | — | — |
| EV / sales | 2.4 | 5.5 | 8.0 | 4.8 | 7.9 | 16.7 | 11.2 | 16.2 | — | — |
| EV / EBITDA | 121.1 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 13.0 | 31.1 | 69.8 | 156.5 | — | 554.0 | — | — | — | — |
| Earnings yield | 7.4% | −1.2% | 0.6% | −4.3% | −2.9% | −1.2% | −3.3% | −2.2% | — | — |
| Free cash flow yield | 6.5% | 2.9% | 1.4% | 0.6% | −0.0% | 0.2% | −0.7% | −0.6% | — | — |
| Dividend yield | — | — | — | — | — | — | 1.2% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 6.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 0.0% | — | — |
| Share price at fiscal year-end | $46.43 | $86.20 | $102.22 | $57.25 | $76.14 | $120.62 | $64.14 | $85.55 | — | — |
| Per share | ||||||||||
| Revenue per share | $16.22 | $14.31 | $12.19 | $11.17 | $9.32 | $6.98 | $5.43 | $4.95 | $2.58 | $1.42 |
| Earnings per share | $3.43 | −$1.04 | $0.59 | −$2.47 | −$2.20 | −$1.48 | −$2.12 | −$1.86 | −$0.85 | −$0.84 |
| Operating cash flow per share | $3.05 | $2.57 | $1.43 | $0.37 | $0.06 | $0.26 | −$0.39 | −$0.44 | −$0.34 | −$0.26 |
| Free cash flow per share | $3.00 | $2.53 | $1.40 | $0.34 | −$0.02 | $0.21 | −$0.45 | −$0.50 | −$0.38 | −$0.27 |
| Cash per share | $12.80 | $13.48 | $10.43 | $9.56 | $9.30 | $4.60 | $3.77 | $5.43 | $0.82 | $1.21 |
| Book value per share | $11.91 | $8.94 | $7.10 | $4.17 | $4.49 | $5.17 | $5.25 | $4.79 | −$2.48 | −$2.08 |
| Tangible book value per share | $8.46 | $5.75 | $3.83 | $0.69 | $0.71 | $2.47 | $2.10 | $4.31 | −$2.92 | −$2.31 |
| Dividends per share | — | — | — | — | — | — | $0.74 | $0.01 | — | — |
| Capex per share | $0.05 | $0.04 | $0.03 | $0.03 | $0.08 | $0.05 | $0.06 | $0.06 | $0.05 | $0.01 |
| Debt per share | $5.52 | $5.74 | $5.71 | $6.21 | $6.42 | $0.32 | $0.45 | $0.00 | $0.40 | $0.20 |
| Shares outstanding | 107.2M | 103.7M | 104.0M | 95.7M | 92.5M | 87.2M | 78.8M | 54.9M | 61.9M | 61.9M |
| Change in shares outstanding | +3.4% | −0.3% | +8.6% | +3.4% | +6.1% | +10.7% | +43.6% | −11.3% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 33.4% | −13.0% | 10.9% | −58.0% | −47.1% | −29.9% | −49.4% | −186.9% | — | — |
| Return on invested capital (ROIC) | −8.5% | −23.3% | −63.1% | −152.8% | −120.9% | −88.9% | −230.8% | — | — | — |
| Return on assets (ROA) | 12.8% | −4.5% | 3.1% | −13.9% | −15.6% | −14.6% | −25.9% | −30.6% | −32.2% | −36.0% |
| Return on tangible assets | 13.2% | −4.8% | 3.2% | −16.7% | −15.8% | −17.5% | −30.1% | −22.3% | −33.9% | −40.1% |
| Free cash flow margin | 18.5% | 17.7% | 11.5% | 3.1% | −0.2% | 3.0% | −8.3% | −10.1% | −14.9% | −19.2% |
| Income quality (OCF / net income) | 0.89 | — | 2.41 | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $591.6M | $595.0M | $593.7M | $594.2M | $594.2M | $28.2M | $35.5M | $90,000 | $25.1M | $12.4M |
| Cash & short-term investments | $1.37B | $1.40B | $1.08B | $915.2M | $860.9M | $400.8M | $297.1M | $298.0M | $50.9M | $74.6M |
| Net debt | −$780.5M | −$802.2M | −$490.7M | −$321.0M | −$266.7M | −$372.6M | −$261.6M | −$297.9M | −$25.9M | −$62.3M |
| Debt / equity | 0.46 | 0.64 | 0.80 | 1.49 | 1.43 | 0.06 | 0.09 | 0.00 | — | — |
| Debt / assets | 0.19 | 0.23 | 0.26 | 0.34 | 0.36 | 0.03 | 0.04 | 0.00 | 0.14 | 0.09 |
| Net debt / EBITDA | −22.51 | −132.54 | — | — | — | — | — | — | — | — |
| Current ratio | 1.59 | 1.92 | 1.76 | 1.78 | 1.96 | 1.42 | 1.44 | 2.11 | 1.06 | 1.89 |
| Quick ratio | 1.59 | 1.92 | 1.76 | 1.70 | 1.88 | 1.33 | 1.38 | 2.01 | 0.86 | 1.68 |
| Interest coverage | -1.3 | -2.2 | -5.0 | -8.7 | -8.4 | -699.9 | -87.2 | — | — | — |
| Working capital | $711.9M | $922.8M | $659.8M | $557.7M | $570.4M | $187.2M | $147.2M | $226.1M | $7.1M | $56.9M |
| Invested capital | $496.0M | $125.0M | $247.5M | $77.9M | $148.7M | $78.2M | $152.0M | −$34.9M | −$179.4M | −$190.8M |
| Tangible asset value | $907.0M | $596.4M | $398.2M | $66.2M | $65.7M | $215.7M | $165.3M | $236.4M | −$181.0M | −$143.3M |
| Net current asset value | $40.6M | $265.4M | $26.5M | −$70.3M | −$63.8M | $114.9M | $90.0M | $206.9M | −$204.3M | −$152.3M |
| Graham number | $30.31 | — | $9.74 | — | — | — | — | — | — | — |
| Graham net-net per share | −$1.45 | $0.13 | −$1.71 | −$2.14 | −$1.97 | $0.21 | $0.18 | $2.66 | −$3.77 | −$2.73 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | $58.6M | $500,000 | — | — |
| Share buybacks (net) | $340.1M | $0 | $0 | $0 | $0 | $0 | $2.8M | $500,000 | $344,000 | $25,000 |
| Dividends + buybacks / free cash flow | 105.7% | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — | — | — |
| Capex / revenue | 0.3% | 0.3% | 0.3% | 0.3% | 0.9% | 0.7% | 1.2% | 1.3% | 1.9% | 1.0% |
| Capex / operating cash flow | 1.6% | 1.6% | 2.3% | 7.5% | 130.8% | 18.8% | — | — | — | — |
| Capex / depreciation | 0.43 | 0.35 | 0.19 | 0.13 | 0.38 | 0.25 | 0.39 | 0.61 | 0.59 | 0.27 |
| Stock-based compensation / revenue | 17.2% | 17.4% | 18.9% | 19.1% | 16.3% | 15.4% | 14.0% | 14.7% | 8.0% | 21.4% |
| R&D / revenue | 26.0% | 24.7% | 27.0% | 29.3% | 31.7% | 32.7% | 38.7% | 37.2% | 34.8% | 37.0% |
| SG&A / revenue | 52.0% | 53.4% | 56.8% | 60.5% | 61.5% | 62.1% | 72.6% | 71.4% | 69.7% | 94.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 88.1 | 86.0 | 84.1 | 81.3 | 79.5 | 86.7 | 89.6 | 90.4 | 95.1 | 124.6 |
| Days of inventory on hand | — | — | 32.2 | 64.4 | 67.0 | 68.9 | 61.5 | 102.2 | 170.0 | 253.1 |
| Days payables outstanding | 11.3 | 20.8 | 33.9 | 39.1 | 28.0 | 21.2 | 23.7 | 15.5 | 17.8 | 33.1 |
| Cash conversion cycle (days) | 76.8 | 65.2 | 82.5 | 106.5 | 118.5 | 134.4 | 127.4 | 177.1 | 247.3 | 344.6 |
| Receivables turnover | 4.14 | 4.25 | 4.34 | 4.49 | 4.59 | 4.21 | 4.07 | 4.04 | 3.84 | 2.93 |
| Payables turnover | 32.31 | 17.58 | 10.78 | 9.33 | 13.03 | 17.19 | 15.40 | 23.55 | 20.50 | 11.03 |
| Inventory turnover | — | — | 11.33 | 5.67 | 5.44 | 5.30 | 5.94 | 3.57 | 2.15 | 1.44 |
| Asset turnover | 0.61 | 0.61 | 0.64 | 0.63 | 0.66 | 0.68 | 0.66 | 0.81 | 0.98 | 0.61 |
| Average receivables | $420.0M | $349.3M | $292.0M | $238.1M | $187.8M | $144.6M | $105.0M | $67.3M | $41.7M | $30.1M |
| Average payables | $12.9M | $21.6M | $30.6M | $31.8M | $17.8M | $9.4M | $8.0M | $3.3M | $2.0M | $1.8M |
| Average inventory | — | — | $29.1M | $52.3M | $42.6M | $30.4M | $20.7M | $21.8M | $19.0M | $13.8M |
| Intangibles / total assets | 11.7% | 12.8% | 15.2% | 19.1% | 21.3% | 24.2% | 30.9% | 5.5% | 15.0% | 10.2% |
Computed from ESTC's annual financial statements (latest annual report filed June 8, 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.
ESTC valuation and financial ratios
At the end of fiscal 2026 (April 30, 2026), Elastic traded at 13.5 times earnings. Based on the latest twelve months, the trailing P/E is 26.2 and the forward P/E is 27.4. Elastic earned a return on equity of 33.4% and a return on invested capital of −8.5% in fiscal 2026. It ended the year with $591.6 million of debt and $1.4 billion in cash and short-term investments, a net cash position of $780.5 million. It returned $340.1 million to shareholders: $0 in dividends and $340.1 million in share buybacks, 106% of free cash flow. The share count rose 73.2% from 61.9M to 107.2M over 9 years.
See the ESTC income statement, the ESTC chart for price history, or the ESTC stock overview for the latest quote and news.
ESTC key metrics FAQ
What is Elastic's P/E ratio?
Elastic's trailing P/E ratio is 26.2 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 27.4. At the end of fiscal 2026 it was 13.5.
What is Elastic's EV/EBITDA?
Elastic's enterprise value was 121.1 times EBITDA at the end of fiscal 2026 (enterprise value $4.2 billion, EBITDA $34.7 million); the current EV/EBITDA is 473.9.
What is Elastic's return on equity?
Elastic's return on equity (ROE) was 33.4% in fiscal 2026: net income of $367.8 million on average shareholders' equity of $1.1 billion.
What is Elastic's ROIC?
Elastic's return on invested capital was −8.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Elastic have?
Elastic had total debt of $591.6 million at the end of fiscal 2026, a debt-to-equity ratio of 0.46 and more cash than debt.
Does Elastic buy back its shares?
Yes. Elastic spent $340.1 million on net share repurchases in fiscal 2026 Shares outstanding changed +3.4% over the year, to 107.2M..
What is Elastic's free cash flow yield?
Elastic generated $321.8 million of free cash flow in fiscal 2026, a free cash flow yield of 6.5% on its market value at year-end ($5.0 billion).
What is Elastic's current ratio?
Elastic's current ratio was 1.59 at the end of fiscal 2026: current assets were 1.59 times current liabilities.