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Elastic NVBSP:E2ST34 72 Return-on-Tangible-Asset is 70.17% as of Apr. 2026. GuruFocus rates BSP:E2ST34 with a GF Score™ of 72/100 and a GF Value™ of R$43.35 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,892 Software companies, Elastic NV ranks better than 87.72% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Elastic NV's annualizedNet Income for the quarter that ended in Apr. 2026 was R$8,777 Mil. Elastic NV's average total tangible assets for the quarter that ended in Apr. 2026 was R$12,508 Mil. Therefore, Elastic NV's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 70.17%.
The historical rank and industry rank for Elastic NV's Return-on-Tangible-Asset or its related term are showing as below:
BSP:E2ST34'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -40.11 Med: -20.04 Max: 16.14
Current: 16.14
During the past 10 years, Elastic NV's highest Return-on-Tangible-Asset was 16.14%. The lowest was -40.11%. And the median was -20.04%.
BSP:E2ST34's Return-on-Tangible-Asset is ranked better than 87.72% of 2892
companies
in the Software industry
Industry Median: 2.07
vs BSP:E2ST34: 16.14
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Elastic NV Return-on-Tangible-Asset Related Terms
Elastic NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Elastic NV's Return-on-Tangible-Asset 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.
BSP:E2ST34 vs CVLT, NAVN, PCTY: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Elastic NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Elastic NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Elastic NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 70.17% mean?
Elastic NV (BSP:E2ST34) has a Return-on-Tangible-Asset of 70.17% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #355 out of 2892 companies in the Software industry, placing it in the top 12.3%.
Is Elastic NV's Return-on-Tangible-Asset too high?
Elastic NV's current Return-on-Tangible-Asset is 70.17%. The Software industry median Return-on-Tangible-Asset is 2.07. Elastic NV's value of 70.17% is 3289.9% above this industry median. Based on the distribution chart, Elastic NV ranks #355 out of 2892 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 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's Return-on-Tangible-Asset compare to CVLT and NAVN?
According to the Software industry distribution chart, Elastic NV ranks #355 out of 2892 companies for Return-on-Tangible-Asset. This places Elastic NV in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Elastic NV's value of 70.17% is 3289.9% 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 Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,892 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current Return-on-Tangible-Asset of 70.17% is 3289.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Elastic NV and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Return-on-Tangible-Asset is 70.17%. 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 (BSP:E2ST34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$43.35, compared to a current price of R$26.25 — trading 39.4% below its estimated fair value. The current Return-on-Tangible-Asset is 70.17% and 3289.9% above the Software industry median of 2.07. Elastic NV's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Elastic NV (BSP:E2ST34), the current Return-on-Tangible-Asset is 70.17% 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 (BSP:E2ST34) Overvalued in 2026?
Based on GuruFocus' analysis, Elastic NV stock appears to be undervalued.
The current stock price of R$26.25 is trading 39.4% below its estimated GF Value™ of R$43.35.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for BSP:E2ST34:
Return-on-Tangible-Asset: 70.17%
GF Value™: R$43.35 vs. price of R$26.25 (39.4% below fair value)
Industry Position: 3289.9% above the Software median (#355 of 2892)
No single metric tells the full story. See the BSP:E2ST34 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 BSP:E2ST34
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