Elastic NV
ESTC
#1421
Rank
$11.79 B
Marketcap
$108.40
Share price
-7.36%
Change (1 day)
73.83%
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 March 2024 (TTM): -48.4

According to Elastic NV 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -48.3929. At the end of 2022 the company had a P/E ratio of -20.2.

P/E ratio history for Elastic NV from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-20.2-70.47%
2021-68.4-29.81%
2020-97.4199.99%
2019-32.5-33.75%
2018-49.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-46.2-4.57%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.