Elastic ESTC
NetherlandsTechnology · Software - ApplicationUSD
110.69 USD (+18.9%)
26 analysts
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Elastic N.V. is a software company that offers search, observability, and security platforms (such as Elasticsearch and Kibana) for organizations to analyze and visualize large volumes of data in real time.
Key points
from its scores- ✓Strong growth7.7
- ✕Little or no dividend1.5
- ✕Fragile balance sheet2.5
- !Average business quality5.4
AI analysis
bottom line, main risk, context and newsThe company has good growth and valuation, but the lack of operational profitability and high leverage are risks that limit its current appeal.
Elastic shows solid revenue growth of 15.10% and a reasonable valuation (P/E 26.60, FCF yield 5.16%), but its financial health is weak (score 2.45) due to a negative operating margin (-0.61) and a very high net debt/EBITDA (38.86), reflecting a business model that is not yet operationally profitable.
The main risk is Elastic's inability to achieve operational profitability (operating margin of -0.61) and its high leverage (net debt/EBITDA of 38.86), which could pressure its balance sheet if growth decelerates.
Context and risks
Elastic's software business for search and observability has no material exposure to interest rates, oil prices, or shipping routes. Its balance sheet, although with high net debt/EBITDA, is typical of a growth company that reinvests, and its business does not depend on commodities or significant external financing. No specific regulatory, geopolitical, or business model risks are identified that are not already reflected in its risk profile.
Is Elastic stock cheap or expensive?
at the analysis dateOn P/E, it trades 15% below the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 26.6 | 31.3 | −15% |
| Price / book | 7.5 | 6.3 | +20% |
| Price / sales | 5.4 | 5.3 | +3% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.0 out of 10 (median for Technology: 5.3).
Average analyst target: 110.69 USD, +18.9% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.5 (sector 6.9), Growth 7.7 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 26.6
- Forward P/E
- 23.5
- EV / EBITDA
- −400.1
- Price / book
- 7.5
- Price / sales
- 5.4
- PEG
- 1.37
- Market cap
- 9.8B USD
- Enterprise value
- 8.9B USD
Profitability
- ROE
- 33.1%
- ROA
- −0.6%
- ROIC (approx.)
- −0.6%
- Gross margin
- 75.6%
- Operating margin
- −0.6%
- Net margin
- 20.8%
- Free cash flow
- 504.3M USD
- FCF yield
- 5.2%
Solvency
- Total debt
- 595.8M USD
- Net debt
- −865.3M USD
- Cash
- 1.5B USD
- EBITDA
- −22.3M USD
- Net debt / EBITDA
- 38.86
- Debt / equity
- 45.94
- Current ratio
- 1.81
- Quick ratio
- 1.64
Growth
- Revenue growth
- +15.1%
- EPS (TTM)
- 3.50 USD
- EPS (forward)
- 3.96 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.04
- Analyst consensus
- Buy (26)
- Target price
- 110.69 USD
- 52-week range
- 42.05 – 108.00
Recent news
All ESTC news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Elastic
Is Elastic stock cheap or expensive?
On P/E, it trades 15% below the Technology median. Valuation score: 6.0 out of 10 (median for Technology: 5.3). Average analyst target: 110.69 USD, +18.9% versus the price. This is not investment advice.
What score does Elastic get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,327 of 2,130 (better than 35% of the companies analysed). Its strongest category is Growth (7.7) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Elastic's P/E ratio?
Its P/E is 26.6: the share price equals 26.6 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 23.5.
How much is Elastic worth on the stock market?
Its market capitalisation is 9.8B USD and its enterprise value, debt included, is 8.9B USD.
How much debt does Elastic have?
It has more cash than debt: net cash of 865.3M USD.
Does Elastic pay a dividend?
It pays no dividend, or almost none.
How has Elastic stock performed over the last year?
It has risen 7.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 42.05 and 108.00 USD. Past performance does not guarantee future results.
What do analysts think of Elastic?
26 analysts cover it; their average recommendation is “Buy” and their average target is 110.69 USD (+18.9% versus the price). It is an estimate, not market data.