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Elastic NVESTC +2.35%73 Market Cap is $6,100 Mil as of Jul. 25, 2026. GuruFocus rates ESTC with a GF Score™ of 73/100 and a GF Value™ of $104.24 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,936 Software companies, Elastic NV ranks better than 95.2% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Elastic NV's share price for the quarter that ended in Apr. 2026 was $46.43. Elastic NV's Shares Outstanding (EOP) for the quarter that ended in Apr. 2026 was 105 Mil. Therefore, Elastic NV's market cap for the quarter that ended in Apr. 2026 was $4,864 Mil.
Elastic NV's quarterly market cap
declined
from Oct. 2025 ($9,441 Mil) to Jan. 2026 ($6,866 Mil) and
declined
from Jan. 2026 ($6,866 Mil) to Apr. 2026 ($4,864 Mil).
Elastic NV's annual market cap
declined
from Apr. 2024 ($10,396 Mil) to Apr. 2025 ($9,097 Mil) and
declined
from Apr. 2025 ($9,097 Mil) to Apr. 2026 ($4,864 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Elastic NV's Enterprise Value for Today is $5,321 Mil.
Elastic NV (NYSE:ESTC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Elastic NV Market Cap Related Terms
Elastic NV Market Cap Historical Data
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The historical data trend for Elastic NV's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Software Industry
For the Software industry and Technology sector, Elastic NV's Market Cap distribution charts can be found below:
* The bar in red indicates where Elastic NV's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Elastic NV's Market Cap for the fiscal year that ended in Apr. 2026 is calculated as
* 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 Market Cap of $6,100 Mil as of Jul. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #141 out of 2936 companies in the Software industry, placing it in the top 4.8%.
Is Elastic NV's Market Cap too high?
Elastic NV's current Market Cap is $6,100 Mil. The Software industry median Market Cap is 66.23. Elastic NV's value of $6,100 Mil is 9111% above this industry median. Based on the distribution chart, Elastic NV ranks #141 out of 2936 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to CVLT and NAVN?
According to the Software industry distribution chart, Elastic NV ranks #141 out of 2936 companies for Market Cap. This places Elastic NV in the top 5% of its industry — outperforming the majority of peers. The industry median Market Cap is 66.23. Elastic NV's value of $6,100 Mil is 9111% 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 Market Cap for a Software company?
The median Market Cap among Software companies is 66.23, based on 2,936 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Market Cap of $6,100 Mil is 9111% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Elastic NV and its competitors. For the Software industry, the median Market Cap is 66.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Market Cap is $6,100 Mil. 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 $104.24, compared to a current price of $58.68 — trading 43.7% below its estimated fair value. The current Market Cap is $6,100 Mil and 9111% above the Software industry median of 66.23. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Elastic NV (ESTC), the current Market Cap is $6,100 Mil as of Jul. 25, 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 $58.68 is trading 43.7% below its estimated GF Value™ of $104.24.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for ESTC:
Market Cap: $6,100 Mil
GF Value™: $104.24 vs. price of $58.68 (43.7% below fair value)
Industry Position: 9111% above the Software median (#141 of 2936)
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
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