ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Elastic NV's annualized net income for the quarter that ended in Apr. 2026 was R$8,777 Mil. Elastic NV's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was R$5,322 Mil. Therefore, Elastic NV's annualized ROE % for the quarter that ended in Apr. 2026 was 164.94%.
The historical rank and industry rank for Elastic NV's ROE % or its related term are showing as below:
BSP:E2ST34'
s ROE % Range Over the Past 10 Years
Min: -186.88 Med: -38.51 Max: 37.86
Current: 37.86
During the past 10 years, Elastic NV's highest ROE % was 37.86%. The lowest was -186.88%. And the median was -38.51%.
BSP:E2ST34's ROE % is ranked better than 92.88% of 2682
companies
in the Software industry
Industry Median: 4.72
vs BSP:E2ST34: 37.86
Elastic NV (BSP:E2ST34) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Elastic NV ROE % Related Terms
Elastic NV ROE % Historical Data
* Premium members only.
The historical data trend for Elastic NV's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Software Industry
For the Software industry and Technology sector, Elastic NV's ROE % distribution charts can be found below:
* The bar in red indicates where Elastic NV's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Elastic NV (BSP:E2ST34) has a ROE % of 164.94% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Elastic NV and its competitors. According to the industry distribution chart, Elastic NV ranks #191 out of 2682 companies in the Software industry, placing it in the top 7.1%.
Is Elastic NV's ROE % too high?
Elastic NV's current ROE % is 164.94%. The Software industry median ROE % is 4.72. Elastic NV's value of 164.94% is 3394.5% above this industry median. Based on the distribution chart, Elastic NV ranks #191 out of 2682 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 ROE % compare to TTAN and IDCC?
According to the Software industry distribution chart, Elastic NV ranks #191 out of 2682 companies for ROE %. This places Elastic NV in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 4.72. Elastic NV's value of 164.94% is 3394.5% 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 ROE % for a Software company?
The median ROE % among Software companies is 4.72, based on 2,682 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elastic NV's current ROE % of 164.94% is 3394.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Elastic NV and its competitors. For the Software industry, the median ROE % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current ROE % is 164.94%. 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 ROE % is 164.94% and 3394.5% above the Software industry median of 4.72. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Elastic NV (BSP:E2ST34), the current ROE % is 164.94% 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:
ROE %: 164.94%
GF Value™: R$44.33 vs. price of R$24.10 (45.6% below fair value)
Industry Position: 3394.5% above the Software median (#191 of 2682)
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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ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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