ESTCElastic N.V.

$88.49

Is the price fair?

What ESTC's price assumes

Elastic N.V. trades at 25.8× earnings against 27.5× for the median Software - Application name, cheaper than its own group.

25.8

Trailing P/E · Software - Application median 27.5 · cheaper than the typical name in its group

Price / sales
2.80

Price / sales · as of 2026-Q2

Free cash flow yield
5.7%

Free cash flow yield · Software - Application median 6.9%

Growth the price implies
+3.8%

Growth the price implies · The price pays for +3.8% free cash flow growth a year for a decade; the business has delivered +114% a year over the last three.

Details
Price / book2026-Q2
3.81
EV / EBIToperating margin −1.9%: the multiple describes the denominator
not meaningful
EV / sales2026-Q2
2.68
Technology median P/E365 names
36.5
Software - Application median P/E93 names
27.5
Free cash flow, trailing twelve months
$322M
Market capitalisation
$5.61B
3-year revenue growth
+18%
3-year free cash flow growth
+114%

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.