Elastic N.V.

DB:3E1 Stock Report

Market Cap: €5.2b

Elastic Valuation

Is 3E1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 3E1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 3E1 (€46.47) is trading below our estimate of future cash flow value (€106.42)

Significantly Below Future Cash Flow Value: 3E1 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3E1?

Key metric: As 3E1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3E1. This is calculated by dividing 3E1's market cap by their current revenue.
What is 3E1's PS Ratio?
PS Ratio4x
SalesUS$1.61b
Market CapUS$6.11b

Price to Sales Ratio vs Peers

How does 3E1's PS Ratio compare to its peers?

The above table shows the PS ratio for 3E1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
NEM Nemetschek
6.8x12.43%€7.8b
AOF ATOSS Software
7.4x12.09%€1.4b
TMV TeamViewer
1x5.05%€734.0m
PSAN PSI Software
2.5x9.05%€709.4m
3E1 Elastic
4x12.11%€6.1b

Price-To-Sales vs Peers: 3E1 is good value based on its Price-To-Sales Ratio (4x) compared to the peer average (4.4x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 3E1's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x3.00%US$61.62m
LSX LS telcom
0.5x2.07%US$25.57m
ISHA INTERSHOP Communications
0.5x5.70%US$19.96m
CLIQ Cliq Digital
0.05x-27.91%US$9.54m
3E1 4.0xIndustry Avg. 1.9xNo. of Companies9PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3E1 is expensive based on its Price-To-Sales Ratio (4x) compared to the German Software industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is 3E1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3E1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4x
Fair PS Ratio7.2x

Price-To-Sales vs Fair Ratio: 3E1 is good value based on its Price-To-Sales Ratio (4x) compared to the estimated Fair Price-To-Sales Ratio (7.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3E1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€46.47
€80.62
+73.50%
16.72%€100.95€55.99n/a24
Feb ’27€53.90
€86.98
+61.38%
15.28%€120.58€63.24n/a25
Jan ’27€62.92
€88.75
+41.05%
16.33%€121.62€63.79n/a26
Dec ’26€58.10
€92.24
+58.77%
17.82%€130.26€65.13n/a27
Nov ’26€74.44
€102.88
+38.20%
12.69%€128.84€77.30n/a27
Oct ’26€71.96
€102.64
+42.64%
11.15%€127.77€76.66n/a26
Sep ’26€71.92
€102.72
+42.83%
9.08%€122.25€78.65n/a25
Aug ’26€70.02
€94.06
+34.34%
14.09%€121.75€63.86n/a25
Jul ’26€71.16
€97.19
+36.58%
13.73%€124.54€65.32n/a26
Jun ’26€70.64
€99.48
+40.82%
15.74%€140.93€66.06n/a26
May ’26€74.66
€111.57
+49.44%
14.88%€140.72€65.96n/a25
Apr ’26€81.48
€122.76
+50.66%
10.40%€147.89€86.07n/a26
Mar ’26€109.60
€127.98
+16.77%
10.18%€144.63€89.79n/a26
Feb ’26€108.10
€120.32
+11.30%
10.29%€143.01€88.78€53.9026
Jan ’26€96.64
€122.78
+27.05%
10.07%€144.74€89.85€62.9225
Dec ’25€105.90
€121.13
+14.38%
10.27%€142.92€88.72€58.1024
Nov ’25€73.40
€93.14
+26.89%
12.15%€120.42€69.47€74.4424
Oct ’25€68.74
€90.44
+31.57%
12.33%€116.45€67.19€71.9624
Sep ’25€68.12
€92.37
+35.60%
12.41%€117.62€67.86€71.9222
Aug ’25€101.00
€117.59
+16.42%
12.04%€143.20€85.00€70.0222
Jul ’25€105.95
€118.53
+11.87%
12.04%€144.35€85.68€71.1622
Jun ’25€92.52
€116.90
+26.35%
11.53%€133.66€84.81€70.6422
May ’25€96.60
€123.59
+27.94%
14.40%€172.46€85.76€74.6622
Apr ’25€92.90
€122.46
+31.82%
14.40%€170.88€84.98€81.4822
Mar ’25€107.00
€121.43
+13.49%
15.88%€170.72€84.90€109.6022
Feb ’25€108.20
€102.00
-5.73%
16.93%€128.65€61.57€108.1021
€71.72
Fair Value
35.2% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/26 15:03
End of Day Share Price 2026/02/26 00:00
Earnings2025/10/31
Annual Earnings2025/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elastic N.V. is covered by 36 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Raimo LenschowBarclays
William Kingsley CraneBerenberg