As of today (2024-05-01), Elastic NV's share price is $105.75. Elastic NV's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $3.62. Hence, Elastic NV's Price to Tangible Book Ratio of today is 29.25.
The historical rank and industry rank for Elastic NV's Price-to-Tangible-Book or its related term are showing as below:
ESTC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 18.86 Med: 53.92 Max: 157.26
Current: 29.21
During the past 7 years, Elastic NV's highest Price to Tangible Book Ratio was 157.26. The lowest was 18.86. And the median was 53.92.
ESTC's Price-to-Tangible-Book is ranked worse than 92.16% of 2092
companies
in the Software industry
Industry Median: 3.655
vs ESTC: 29.21
The historical data trend for Elastic NV's Price-to-Tangible-Book 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.
Competitive Comparison of Elastic NV's Price-to-Tangible-Book
For the Software - Application subindustry, Elastic NV's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Software Industry
For the Software industry and Technology sector, Elastic NV's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Elastic NV's Price-to-Tangible-Book falls into.
Elastic NV Price-to-Tangible-Book Calculation
Elastic NV's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Elastic NV Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Elastic NV's Price-to-Tangible-Book 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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