ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Elastic NV's annualizedNet Income for the quarter that ended in Apr. 2026 was R$8,777 Mil.
Elastic NV's average Total Assets over the quarter that ended in Apr. 2026 was R$14,435 Mil. Therefore, Elastic NV's annualized ROA % for the quarter that ended in Apr. 2026 was 60.80%.
The historical rank and industry rank for Elastic NV's ROA % or its related term are showing as below:
BSP:E2ST34'
s ROA % Range Over the Past 10 Years
Min: -36 Med: -15.08 Max: 13.95
Current: 13.95
During the past 10 years, Elastic NV's highest ROA % was 13.95%. The lowest was -36.00%. And the median was -15.08%.
BSP:E2ST34's ROA % is ranked better than 90.36% of 2885
companies
in the Software industry
Industry Median: 1.68
vs BSP:E2ST34: 13.95
Elastic NV (BSP:E2ST34) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Elastic NV ROA % Related Terms
Elastic NV ROA % Historical Data
* Premium members only.
The historical data trend for Elastic NV's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Software Industry
For the Software industry and Technology sector, Elastic NV's ROA % distribution charts can be found below:
* The bar in red indicates where Elastic NV's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Elastic NV (BSP:E2ST34) has a ROA % of 60.80% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #278 out of 2885 companies in the Software industry, placing it in the top 9.6%.
Is Elastic NV's ROA % too high?
Elastic NV's current ROA % is 60.80%. The Software industry median ROA % is 1.68. Elastic NV's value of 60.80% is 3519% above this industry median. Based on the distribution chart, Elastic NV ranks #278 out of 2885 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 ROA % compare to TTAN and IDCC?
According to the Software industry distribution chart, Elastic NV ranks #278 out of 2885 companies for ROA %. This places Elastic NV in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.68. Elastic NV's value of 60.80% is 3519% 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 ROA % for a Software company?
The median ROA % among Software companies is 1.68, based on 2,885 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current ROA % of 60.80% is 3519% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Elastic NV and its competitors. For the Software industry, the median ROA % is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current ROA % is 60.80%. 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$44.33, compared to a current price of R$24.10 — trading 45.6% below its estimated fair value. The current ROA % is 60.80% and 3519% above the Software industry median of 1.68. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Elastic NV (BSP:E2ST34), the current ROA % is 60.80% 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$24.10 is trading 45.6% below its estimated GF Value™ of R$44.33.
GuruFocus considers Elastic NV to be Significantly Undervalued.
Key valuation signals for BSP:E2ST34:
ROA %: 60.80%
GF Value™: R$44.33 vs. price of R$24.10 (45.6% below fair value)
Industry Position: 3519% above the Software median (#278 of 2885)
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
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