Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Elastic NVESTC -0.84%73 Forward PE Ratio is 18.99 as of Jul. 18, 2026. GuruFocus rates ESTC with a GF Score™ of 73/100 and a GF Value™ of $104.02 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,172 Software companies, Elastic NV ranks worse than 51.96% on this metric.
Elastic NV (NYSE:ESTC) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Elastic NV Forward PE Ratio Related Terms
Elastic NV Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Elastic NV's Forward PE 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.
Elastic NV Forward PE Ratio Chart
Elastic NV Annual Data
Trend
2023-04
2024-04
2025-04
2026-04
Forward PE Ratio
63.69
76.92
40.26
16.30
Elastic NV Quarterly Data
2023-01
2023-04
2023-07
2023-10
2024-01
2024-04
2024-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
65.36
63.69
60.98
78.74
74.63
76.92
79.37
51.59
54.44
40.26
39.36
37.42
23.44
16.30
ESTC vs CVLT, NAVN, PCTY: Forward PE Ratio Comparison
For the Software - Application subindustry, Elastic NV's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Elastic NV's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Elastic NV's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Elastic NV (ESTC) has a Forward PE Ratio of 18.99 as of Jul. 18, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #609 out of 1172 companies in the Software industry, placing it in the top 52%.
Is Elastic NV's Forward PE Ratio too high?
Elastic NV's current Forward PE Ratio is 18.99. The Software industry median Forward PE Ratio is 18.54. Elastic NV's value of 18.99 is 2.4% above this industry median. Based on the distribution chart, Elastic NV ranks #609 out of 1172 companies in the Software industry, which is below the industry midpoint. Overall, Elastic NV has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's Forward PE Ratio compare to CVLT and NAVN?
According to the Software industry distribution chart, Elastic NV ranks #609 out of 1172 companies for Forward PE Ratio. This places Elastic NV in the lower half of its industry. The industry median Forward PE Ratio is 18.54. Elastic NV's value of 18.99 is 2.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Software company?
The median Forward PE Ratio among Software companies is 18.54, based on 1,172 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Forward PE Ratio of 18.99 is 2.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Elastic NV and its competitors. For the Software industry, the median Forward PE Ratio is 18.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Forward PE Ratio is 18.99. 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 $104.02, compared to a current price of $61.59 — trading 40.8% below its estimated fair value. The current Forward PE Ratio is 18.99 and 2.4% above the Software industry median of 18.54. Elastic NV's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Elastic NV (ESTC), the current Forward PE Ratio is 18.99 as of Jul. 18, 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 $61.59 is trading 40.8% below its estimated GF Value™ of $104.02.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for ESTC:
Forward PE Ratio: 18.99
GF Value™: $104.02 vs. price of $61.59 (40.8% below fair value)
Industry Position: 2.4% above the Software median (#609 of 1172)
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.
73GF Score
Get the complete analysis for ESTC
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ESTC has been successfully added to your 
