Elastic NV
ESTC
#2284
Rank
$5.17 B
Marketcap
$54.16
Share price
4.17%
Change (1 day)
-57.79%
Change (1 year)
Elastic NV previously known as Elasticsearch is a company that builds self-managed and SaaS offerings for search, logging, security, and analytics use cases.

P/E ratio for Elastic NV (ESTC)

P/E ratio as of December 2022 (TTM): -21.2

According to Elastic NV 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -21.1562. At the end of 2021 the company had a P/E ratio of -68.4.

P/E ratio history for Elastic NV from 2018 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-68.4-29.81%
2020-97.4199.99%
2019-32.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-46.2 118.29%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.