e.l.f. Beauty, Inc.

NYSE:ELF Stock Report

Market Cap: US$7.9b

e.l.f. Beauty Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ELF ($134.89) is trading below our estimate of fair value ($314.9)

Significantly Below Fair Value: ELF is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As ELF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ELF. This is calculated by dividing ELF's market cap by their current earnings.
What is ELF's PE Ratio?
PE Ratio70.4x
EarningsUS$107.99m
Market CapUS$7.90b

Price to Earnings Ratio vs Peers

How does ELF's PE Ratio compare to its peers?

The above table shows the PE ratio for ELF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.1x
BRBR BellRing Brands
40.4x12.0%US$10.0b
COTY Coty
40.4x23.0%US$6.5b
IPAR Interparfums
28.4x7.9%US$4.4b
ODD Oddity Tech
27.3x18.5%US$2.8b
ELF e.l.f. Beauty
70.4x25.0%US$7.9b

Price-To-Earnings vs Peers: ELF is expensive based on its Price-To-Earnings Ratio (70.4x) compared to the peer average (34.1x).

Price to Earnings Ratio vs Industry

How does ELF's PE Ratio compare vs other companies in the US Personal Products Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NEPT.F Neptune Wellness Solutions
n/an/aUS$98.52k
No more companies available in this PE range
ELF 70.4xIndustry Avg. 29.0xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELF is expensive based on its Price-To-Earnings Ratio (70.4x) compared to the North American Personal Products industry average (29x).

Price to Earnings Ratio vs Fair Ratio

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

ELF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio70.4x
Fair PE Ratio34.5x

Price-To-Earnings vs Fair Ratio: ELF is expensive based on its Price-To-Earnings Ratio (70.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.5x).

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 ELF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$134.89
US$157.19
+16.5%
13.3%US$200.00US$115.00n/a17
Dec ’25US$129.52
US$157.28
+21.4%
13.1%US$200.00US$115.00n/a15
Nov ’25US$103.12
US$169.07
+64.0%
18.9%US$250.00US$130.00n/a14
Oct ’25US$105.97
US$199.43
+88.2%
17.6%US$250.00US$139.00n/a14
Sep ’25US$149.79
US$221.92
+48.2%
11.6%US$260.00US$161.00n/a13
Aug ’25US$167.62
US$223.62
+33.4%
11.5%US$258.00US$161.00n/a13
Jul ’25US$204.16
US$209.92
+2.8%
11.9%US$250.00US$151.00n/a13
Jun ’25US$186.91
US$202.62
+8.4%
9.7%US$220.00US$151.00n/a13
May ’25US$158.52
US$206.21
+30.1%
8.2%US$230.00US$167.00n/a14
Apr ’25US$191.97
US$208.21
+8.5%
7.9%US$230.00US$167.00n/a14
Mar ’25US$217.40
US$203.08
-6.6%
8.0%US$225.00US$167.00n/a13
Feb ’25US$162.50
US$171.58
+5.6%
9.1%US$190.00US$141.00n/a12
Jan ’25US$144.34
US$143.33
-0.7%
12.4%US$178.00US$119.00n/a12
Dec ’24US$122.44
US$139.92
+14.3%
11.0%US$178.00US$119.00US$129.5212
Nov ’24US$94.54
US$143.25
+51.5%
9.7%US$176.00US$117.00US$103.1212
Oct ’24US$109.83
US$147.25
+34.1%
11.4%US$176.00US$110.00US$105.9712
Sep ’24US$136.97
US$146.91
+7.3%
11.4%US$165.00US$110.00US$149.7911
Aug ’24US$116.50
US$121.09
+3.9%
15.2%US$164.00US$90.00US$167.6211
Jul ’24US$114.23
US$111.82
-2.1%
12.4%US$130.00US$87.00US$204.1611
Jun ’24US$106.54
US$106.82
+0.3%
9.5%US$121.00US$87.00US$186.9111
May ’24US$92.72
US$96.18
+3.7%
13.4%US$114.00US$70.00US$158.5211
Apr ’24US$82.35
US$76.27
-7.4%
15.2%US$94.00US$57.00US$191.9711
Mar ’24US$74.19
US$72.09
-2.8%
10.2%US$82.00US$57.00US$217.4011
Feb ’24US$58.51
US$57.50
-1.7%
15.9%US$65.00US$36.00US$162.5010
Jan ’24US$55.30
US$53.40
-3.4%
16.7%US$65.00US$36.00US$144.3410
Dec ’23US$55.40
US$49.80
-10.1%
13.5%US$63.00US$36.00US$122.4410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 22:53
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

e.l.f. Beauty, Inc. is covered by 22 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark AltschwagerBaird
Ishan MajumdarBaptista Research
Shannon CoyneBMO Capital Markets Equity Research