Elastic NVMEX:ESTCN 72 PB Ratio is 4.78 as of Jun. 26, 2026, which is 71% below its 10-year median of 16.26. 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 2,624 Software companies, Elastic NV ranks worse than 74.85% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Elastic NV's share price is MXN1021.21. Elastic NV's Book Value per Share for the quarter that ended in Apr. 2026 was MXN213.45. Hence, Elastic NV's PB Ratio of today is 4.78.
Good Sign:
Elastic NV stock PB Ratio (=4.4) is close to 10-year low of 3.99.
The historical rank and industry rank for Elastic NV's PB Ratio or its related term are showing as below:
MEX:ESTCN'
s PB Ratio Range Over the Past 10 Years
Min: 3.99 Med: 16.26 Max: 140.56
Current: 4.4
During the past 10 years, Elastic NV's highest PB Ratio was 140.56. The lowest was 3.99. And the median was 16.26.
MEX:ESTCN's PB Ratio is ranked worse than 74.85% of 2624
companies
in the Software industry
Industry Median: 2.32
vs MEX:ESTCN: 4.40
During the past 12 months, Elastic NV's average Book Value Per Share Growth Rate was 38.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 43.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.50% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Elastic NV was 43.80% per year. The lowest was -6.40% per year. And the median was 13.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Elastic NV PB Ratio Related Terms
Elastic NV PB Ratio Historical Data
* Premium members only.
The historical data trend for Elastic NV's PB 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: PB Ratio Comparison
For the Software - Application subindustry, Elastic NV's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Elastic NV's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elastic NV's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Elastic NV's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Elastic NV (MEX:ESTCN) has a PB Ratio of 4.78 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elastic NV and its competitors. This is 71% below median its historical median of 16.26. Over the past decade, Elastic NV's PB Ratio has ranged from 3.99 to 140.56. According to the industry distribution chart, Elastic NV ranks #1964 out of 2624 companies in the Software industry, placing it in the top 74.8%.
Is Elastic NV's PB Ratio too high?
Elastic NV's current PB Ratio of 4.78 is 71% below median its 10-year median of 16.26. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 140.56. The Software industry median PB Ratio is 2.32. Elastic NV's value of 4.78 is 106% above this industry median. Based on the distribution chart, Elastic NV ranks #1964 out of 2624 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 PB Ratio compare to TTAN and IDCC?
According to the Software industry distribution chart, Elastic NV ranks #1964 out of 2624 companies for PB Ratio. This places Elastic NV in the lower half of its industry. The industry median PB Ratio is 2.32. Elastic NV's value of 4.78 is 106% above this benchmark. Historically, Elastic NV's own PB Ratio has ranged from 3.99 to 140.56 over the past decade. While the company's 10-year median is 16.26 vs. the industry median of 2.32, 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.32, based on 2,624 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current PB Ratio of 4.78 is 106% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elastic NV and its competitors. For the Software industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current PB Ratio is 4.78, which is 71% below median its own 10-year median of 16.26. 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 PB Ratio is 4.78, which is 71% below median its 10-year median of 16.26 and 106% above the Software industry median of 2.32. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Elastic NV (MEX:ESTCN), the current PB Ratio is 4.78 as of Jun. 26, 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:
PB Ratio: 4.78 (71% below median its 10-year median of 16.26)
GF Value™: MXN1,970.78 vs. price of MXN1,021.21 (48.2% below fair value)
Industry Position: 106% above the Software median (#1964 of 2624)
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
Get the complete analysis for MEX:ESTCN
PB 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
MEX:ESTCN has been successfully added to your 
