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Elastic NVESTC +4.48%71 Debt-to-Equity is 0.46 as of Apr. 2026, which is 28% below its 10-year median of 0.64. GuruFocus rates ESTC with a GF Score™ of 71/100 and a GF Value™ of $104.49 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,249 Software companies, Elastic NV ranks worse than 68.74% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Elastic NV's Debt-to-Equity or its related term are showing as below:
ESTC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.64 Max: 1.49
Current: 0.46
During the past 10 years, the highest Debt-to-Equity Ratio of Elastic NV was 1.49. The lowest was 0.06. And the median was 0.64.
ESTC's Debt-to-Equity is ranked worse than 68.74% of 2249
companies
in the Software industry
Industry Median: 0.2
vs ESTC: 0.46
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Elastic NV Debt-to-Equity Related Terms
Elastic NV Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Elastic NV's Debt-to-Equity 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.
ESTC vs NAVN, CVLT, APPF: Debt-to-Equity Comparison
For the Software - Application subindustry, Elastic NV's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Elastic NV's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Elastic NV's Debt-to-Equity 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 (ESTC) has a Debt-to-Equity of 0.46 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elastic NV and its competitors. This is 28% below median its historical median of 0.64. Over the past decade, Elastic NV's Debt-to-Equity has ranged from 0.06 to 1.49. According to the industry distribution chart, Elastic NV ranks #1546 out of 2249 companies in the Software industry, placing it in the top 68.7%.
Is Elastic NV's Debt-to-Equity too high?
Elastic NV's current Debt-to-Equity of 0.46 is 28% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.49. The Software industry median Debt-to-Equity is 0.20. Elastic NV's value of 0.46 is 130% above this industry median. Based on the distribution chart, Elastic NV ranks #1546 out of 2249 companies in the Software industry, which is below the industry midpoint. Overall, Elastic NV has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's Debt-to-Equity compare to NAVN and CVLT?
According to the Software industry distribution chart, Elastic NV ranks #1546 out of 2249 companies for Debt-to-Equity. This places Elastic NV in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Elastic NV's value of 0.46 is 130% above this benchmark. Historically, Elastic NV's own Debt-to-Equity has ranged from 0.06 to 1.49 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.20, Elastic NV has consistently been above 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 Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,249 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Debt-to-Equity of 0.46 is 130% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elastic NV and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Debt-to-Equity is 0.46, which is 28% below median its own 10-year median of 0.64. 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 (ESTC) is currently considered Significantly Undervalued. The stock's GF Value™ is $104.49, compared to a current price of $68.74 — trading 34.2% below its estimated fair value. The current Debt-to-Equity is 0.46, which is 28% below median its 10-year median of 0.64 and 130% above the Software industry median of 0.20. Elastic NV's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Elastic NV (ESTC), the current Debt-to-Equity is 0.46 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 (ESTC) Overvalued in 2026?
Based on GuruFocus' analysis, Elastic NV stock appears to be undervalued.
The current stock price of $68.74 is trading 34.2% below its estimated GF Value™ of $104.49.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for ESTC:
Debt-to-Equity: 0.46 (28% below median its 10-year median of 0.64)
GF Value™: $104.49 vs. price of $68.74 (34.2% below fair value)
Industry Position: 130% above the Software median (#1546 of 2249)
No single metric tells the full story. See the ESTC 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.
71GF Score
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