Elastic price to book ratio ESTC

Market value divided by the book value of the company's net assets, since 2018.

Today, Oct 23, 2026: 8.3×
8-year median: 15.8×
Against its 8-year history: 9th; percentile: 0 is its lowest day, 100 its highest
8-year range: 4.6× to 36.8×
Peer median: 8.2×

Elastic's price to book ratio is 8.3× as of Oct 23, 2026.

That is below its 8-year median of 15.8×, lower than on 91% of days in the last 8 years.

Over that time it ranged from 4.6× in Jun 2026 to 36.8× in Nov 2021.

The median for 10 application software stocks of a similar size is 8.2×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	8.3×	4.6×	9.3×
2025	9.1×	7.7×	14.4×
2024	13.0×	9.5×	28.5×
2023	24.7×	11.7×	26.3×
2022	12.6×	12.6×	22.3×
2021	25.3×	21.3×	36.8×
2020	28.9×	9.3×	30.8×
2019	12.1×	11.6×	29.4×
2018	17.5×	15.6×	19.2×

Against its peers

Companies in Software - Application nearest Elastic's size, closest first, today.

Company	Price to book ratio
ESTCElastic	8.3×
DOCNDigitalOcean	11.8×
MTCHMatch	n/m
FDSFactset Research Systems	5.8×
PINSPinterest	4.4×
HNGEHinge Health	26.1×
HUBSHubSpot	8.2×
RNGRingCentral	n/m
FICOFair Isaac	n/m
TTDTrade Desk	2.4×
PEGAPegasystems	10.7×
Peer median	8.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Elastic

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.