Elastic NV (ESTC) - P/B ratio

P/B ratio as of November 2024 : 12.2

According to Elastic NV 's latest financial reports the company has a price-to-book ratio of 7.00944.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Elastic NV - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	24.7	96.2%
2022-12-31	12.6	-50.39%
2021-12-31	25.3	-12.16%
2020-12-31	28.9	140.36%
2019-12-31	12.0	-32.83%
2018-12-31	17.9

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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