ESTCElastic N.V.
Is the price fair?
Modest expectations priced in. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Priced for ~11% a year FCF growth. The price demands less than its three-year revenue growth of 17% a year, expectations look modest.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What ESTC's price assumes
Elastic N.V. trades at 29.3× earnings against 35.9× for the median Software - Application name, cheaper than its own group.
Trailing P/E · Software - Application median 35.9 · cheaper than the typical name in its group
- Price / sales
- 3.60
Price / sales · as of 2026-Q3
- Free cash flow yield
- 3.3%
Free cash flow yield · Software - Application median 5.3%
- Growth the price implies
- +11%
Growth the price implies · The price pays for +11% free cash flow growth a year for a decade; the business has delivered +63% a year over the last three.
Details›
- Price / bookas of 2026-Q3
- 5.01
- EV / EBIToperating margin −2.6%: the multiple describes the denominator
- not meaningful
- EV / salesas of 2026-Q3
- 3.11
- Technology median P/E450 names
- 34.1
- Software - Application median P/E124 names
- 35.9
- Free cash flow, trailing twelve months
- $349M
- Market capitalisation105.0 million shares, counted Aug 21, 2026
- $10.8B
- 3-year revenue growth
- +17%
- 3-year free cash flow growth
- +63%
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
What is it worth?
Today's price against what its own multiples, its cash flow and your growth assumption say it is worth.