Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Elastic NV's share price for the quarter that ended in Jan. 2024 was $117.06. Elastic NV's Shares Outstanding (EOP) for the quarter that ended in Jan. 2024 was 101 Mil. Therefore, Elastic NV's market cap for the quarter that ended in Jan. 2024 was $11,799 Mil.
Elastic NV's quarterly market cap
increased
from Jul. 2023 ($6,537 Mil) to Oct. 2023 ($7,474 Mil) and
increased
from Oct. 2023 ($7,474 Mil) to Jan. 2024 ($11,799 Mil).
Elastic NV's annual market cap
declined
from Apr. 2021 ($10,920 Mil) to Apr. 2022 ($7,170 Mil) and
declined
from Apr. 2022 ($7,170 Mil) to Apr. 2023 ($5,574 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Elastic NV's Enterprise Value for Today is $10,737 Mil.
Elastic NV Market Cap Historical Data
The historical data trend for Elastic NV's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Elastic NV's Market Cap distribution charts can be found below:
* The bar in red indicates where Elastic NV's Market Cap falls into.
Elastic NV Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Elastic NV's Market Cap for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
Elastic NV (NYSE:ESTC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Elastic NV Market Cap Related Terms
Thank you for viewing the detailed overview of Elastic NV's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
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