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 ~3% 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 28.1× earnings against 33.9× for the median Software - Application name, cheaper than its own group.
Trailing P/E · Software - Application median 33.9 · cheaper than the typical name in its group
- Price / sales
- 3.60
Price / sales · as of 2026-Q3
- Free cash flow yield
- 6.2%
Free cash flow yield · Software - Application median 6.9%
- Growth the price implies
- +2.8%
Growth the price implies · The price pays for +2.8% 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/E459 names
- 37.7
- Software - Application median P/E126 names
- 33.9
- Free cash flow, trailing twelve months
- $349M
- Market capitalisation
- $5.61B
- 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.