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Elastic NVESTC +2.40%71 3-1 Month Momentum % is 22.81% as of Aug. 03, 2026. GuruFocus rates ESTC with a GF Score™ of 71/100 and a GF Value™ of $104.43 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,847 Software companies, Elastic NV ranks better than 88.97% on this metric.
3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-03), Elastic NV's 3-1 Month Momentum % is 22.81%.
The industry rank for Elastic NV's 3-1 Month Momentum % or its related term are showing as below:
ESTC's 3-1 Month Momentum % is ranked better than 88.97% of 2847
companies
in the Software industry
Industry Median: -7.04
vs ESTC: 22.81
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Elastic NV 3-1 Month Momentum % Related Terms
ESTC vs NAVN, CVLT, APPF: 3-1 Month Momentum % Comparison
For the Software - Application subindustry, Elastic NV's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % 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 3-1 Month Momentum % vs Software Industry
For the Software industry and Technology sector, Elastic NV's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Elastic NV's 3-1 Month Momentum % 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 3-1 Month Momentum % of 22.81% as of Aug. 03, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #314 out of 2847 companies in the Software industry, placing it in the top 11%.
Is Elastic NV's 3-1 Month Momentum % too high?
Elastic NV's current 3-1 Month Momentum % is 22.81%. Based on the distribution chart, Elastic NV ranks #314 out of 2847 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 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's 3-1 Month Momentum % compare to NAVN and CVLT?
According to the Software industry distribution chart, Elastic NV ranks #314 out of 2847 companies for 3-1 Month Momentum %. This places Elastic NV in the top 11% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Software company?
A good 3-1 Month Momentum % depends on the Software industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Elastic NV and its competitors. Elastic NV's current 3-1 Month Momentum % is 22.81%. 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 $104.43, compared to a current price of $65.79 — trading 37% below its estimated fair value. The current 3-1 Month Momentum % is 22.81%. 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 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Elastic NV (ESTC), the current 3-1 Month Momentum % is 22.81% as of Aug. 03, 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 $104.43.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for ESTC:
3-1 Month Momentum %: 22.81%
GF Value™: $104.43 vs. price of $65.79 (37% below fair value)
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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