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Elastic NVESTC +2.40%71 Earnings Yield (Joel Greenblatt) % is 0.56% as of Apr. 2026. 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 2,911 Software companies, Elastic NV ranks worse than 57.71% on this metric.
Elastic NV's Enterprise Value for the quarter that ended in Apr. 2026 was $4,085 Mil.
Elastic NV's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $23 Mil. Elastic NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 0.56%.
The historical rank and industry rank for Elastic NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ESTC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.73 Med: -1.41 Max: 0.7
Current: 0.38
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Elastic NV was 0.70%. The lowest was -4.73%. And the median was -1.41%.
ESTC's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.71% of 2911
companies
in the Software industry
Industry Median: 2.05
vs ESTC: 0.38
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Elastic NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Elastic NV Earnings Yield (Joel Greenblatt) % Related Terms
Elastic NV Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Elastic NV's Earnings Yield (Joel Greenblatt) % 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.
For the Software - Application subindustry, Elastic NV's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Elastic NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elastic NV's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Elastic NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2026 is calculated as
Elastic NV's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $23 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 0.56% mean?
Elastic NV (ESTC) has a Earnings Yield (Joel Greenblatt) % of 0.56% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #1680 out of 2911 companies in the Software industry, placing it in the top 57.7%.
Is Elastic NV's Earnings Yield (Joel Greenblatt) % too high?
Elastic NV's current Earnings Yield (Joel Greenblatt) % is 0.56%. The Software industry median Earnings Yield (Joel Greenblatt) % is 2.05. Elastic NV's value of 0.56% is 72.7% below this industry median. Based on the distribution chart, Elastic NV ranks #1680 out of 2911 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 Earnings Yield (Joel Greenblatt) % compare to NAVN and CVLT?
According to the Software industry distribution chart, Elastic NV ranks #1680 out of 2911 companies for Earnings Yield (Joel Greenblatt) %. This places Elastic NV in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.05. Elastic NV's value of 0.56% is 72.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 2.05, based on 2,911 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Earnings Yield (Joel Greenblatt) % of 0.56% is 72.7% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Elastic NV and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Earnings Yield (Joel Greenblatt) % is 0.56%. 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 $65.79 — trading 37% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.56% and 72.7% below the Software industry median of 2.05. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Elastic NV (ESTC), the current Earnings Yield (Joel Greenblatt) % is 0.56% 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 $65.79 is trading 37% below its estimated GF Value™ of $104.49.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for ESTC:
Earnings Yield (Joel Greenblatt) %: 0.56%
GF Value™: $104.49 vs. price of $65.79 (37% below fair value)
Industry Position: 72.7% below the Software median (#1680 of 2911)
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
Get the complete analysis for ESTC
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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