Elastic (ESTC) EV to CFO (2021 - 2026)
Elastic's EV to CFO came in at 15.41 for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 33.7% from 23.25 a year earlier but up 44.2% from the prior quarter.
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Analysis
Elastic (ESTC) EV to CFO (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Elastic reported EV to CFO of 4.07, down 72.8% year-over-year; for FY2026 (ended Apr 30, 2026), it came in at 10.69, down 63.1% from FY2025.
- EV to CFO has declined in each of the last four fiscal years.
- Going back by fiscal year, EV to CFO was 28.93 in FY2025 (-53.8%), 62.60 in FY2024 (-54.7%), 138.28 in FY2023 (-87.7%) and 1121.56 in FY2022 (+140.4%).
- The five-year range for quarterly EV to CFO is 10.69 (fiscal Q4 2026) to 1787.73 (fiscal Q2 2023).
- Year-over-year, EV to CFO has declined for 12 consecutive quarters, with an average decline of 51.6% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in fiscal Q2 2023 (growth of 153.0%), and the weakest in fiscal Q2 2024 (a decline of 94.5%).
- Business Quant data shows ESTC's EV to CFO at 10.69 (Q4 2026), 21.51 (Q3 2026) and 26.12 (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 327.39 Bn | 312.46 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 274.44 Bn | 254.87 Bn | 1.10 Bn |
| 3 | Fortinet | 135.72 Bn | 121.65 Bn | 1.64 Bn |
| 4 | Snowflake | 118.93 Bn | 106.25 Bn | 1.04 Bn |
| 5 | Datadog | 100.80 Bn | 82.44 Bn | 881.34 Mn |
| 6 | Zscaler | 42.42 Bn | 28.54 Bn | - |
| 7 | Okta | 37.78 Bn | 27.88 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 34.60 Bn | 29.12 Bn | 546.45 Mn |
| 9 | MongoDB | 31.40 Bn | 21.87 Bn | 569.77 Mn |
| 10 | Elastic | 11.09 Bn | 5.62 Bn | 356.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 15.41 |
| Apr 30, 2026 | 10.69 |
| Jan 31, 2026 | 21.51 |
| Oct 31, 2025 | 26.12 |
| Jul 31, 2025 | 23.25 |
| Apr 30, 2025 | 28.93 |
| Jan 31, 2025 | 46.52 |
| Oct 31, 2024 | 37.44 |
| Jul 31, 2024 | 65.20 |
| Apr 30, 2024 | 62.60 |
| Jan 31, 2024 | 97.72 |
| Oct 31, 2023 | 98.17 |
| Jul 31, 2023 | 71.04 |
| Apr 30, 2023 | 138.28 |
| Jan 31, 2023 | 949.16 |
| Oct 31, 2022 | 1,787.73 |
| Apr 30, 2022 | 1,121.56 |
| Jan 31, 2022 | 1,096.43 |
| Oct 31, 2021 | 706.54 |
| Jul 31, 2021 | 862.87 |
API Access
Elastic EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "ESTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();