Elastic NVMEX:ESTCN 72 Current Ratio is 1.68 as of Apr. 2026, which is 5% below its 10-year median of 1.77. GuruFocus rates MEX:ESTCN with a GF Score™ of 72/100 and a GF Value™ of MXN1,970.78 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,866 Software companies, Elastic NV ranks worse than 53.94% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Elastic NV's current ratio for the quarter that ended in Apr. 2026 was 1.68.
Elastic NV has a current ratio of 1.68. It generally indicates good short-term financial strength.
The historical rank and industry rank for Elastic NV's Current Ratio or its related term are showing as below:
MEX:ESTCN'
s Current Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.77 Max: 2.11
Current: 1.68
During the past 10 years, Elastic NV's highest Current Ratio was 2.11. The lowest was 1.06. And the median was 1.77.
MEX:ESTCN's Current Ratio is ranked worse than 53.94% of 2866
companies
in the Software industry
Industry Median: 1.815
vs MEX:ESTCN: 1.68
Elastic NV (MEX:ESTCN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Elastic NV Current Ratio Related Terms
Elastic NV Current Ratio Historical Data
* Premium members only.
The historical data trend for Elastic NV's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:ESTCN vs TTAN, IDCC, PAYC: Current Ratio Comparison
For the Software - Application subindustry, Elastic NV's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elastic NV Current Ratio vs Software Industry
For the Software industry and Technology sector, Elastic NV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Elastic NV's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elastic NV (MEX:ESTCN) has a Current Ratio of 1.68 as of Apr. 2026. This is near median its historical median of 1.77. Over the past decade, Elastic NV's Current Ratio has ranged from 1.06 to 2.11. According to the industry distribution chart, Elastic NV ranks #1546 out of 2866 companies in the Software industry, placing it in the top 53.9%.
Is Elastic NV's Current Ratio too high?
Elastic NV's current Current Ratio of 1.68 is near median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.11. The Software industry median Current Ratio is 1.82. Elastic NV's value of 1.68 is 7.4% below this industry median. Based on the distribution chart, Elastic NV ranks #1546 out of 2866 companies in the Software industry, which is below the industry midpoint. Overall, Elastic NV has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's Current Ratio compare to TTAN and IDCC?
According to the Software industry distribution chart, Elastic NV ranks #1546 out of 2866 companies for Current Ratio. This places Elastic NV in the lower half of its industry. The industry median Current Ratio is 1.82. Elastic NV's value of 1.68 is 7.4% below this benchmark. Historically, Elastic NV's own Current Ratio has ranged from 1.06 to 2.11 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 1.82, Elastic NV has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Software company?
The median Current Ratio among Software companies is 1.82, based on 2,866 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Current Ratio of 1.68 is 7.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Current Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Current Ratio is 1.68, which is near median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elastic NV stock overvalued right now?
Based on GuruFocus' analysis, Elastic NV (MEX:ESTCN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,970.78, compared to a current price of MXN1,021.21 — trading 48.2% below its estimated fair value. The current Current Ratio is 1.68, which is near median its 10-year median of 1.77 and 7.4% below the Software industry median of 1.82. Elastic NV's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Elastic NV (MEX:ESTCN), the current Current Ratio is 1.68 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elastic NV (MEX:ESTCN) Overvalued in 2026?
Based on GuruFocus' analysis, Elastic NV stock appears to be undervalued.
The current stock price of MXN1,021.21 is trading 48.2% below its estimated GF Value™ of MXN1,970.78.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for MEX:ESTCN:
Current Ratio: 1.68 (near median its 10-year median of 1.77)
GF Value™: MXN1,970.78 vs. price of MXN1,021.21 (48.2% below fair value)
Industry Position: 7.4% below the Software median (#1546 of 2866)
No single metric tells the full story. See the MEX:ESTCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.
72GF Score
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