Elastic N.V risk profile
35 Normal where most of the sector sits
Measured 21 October 2026 from ESTC's filed statements. Recomputed nightly.
35 (Normal), driven by Concentration at 49, over 7 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 41 | Elevated | Volatile | One-year price volatility — 57.7% |
| Operating pressure | 18 | Contained | Worsening | Costs outgrowing revenue — -2.0 percentage points |
| Cash conversion | 26 | Normal | Worsening | Cash conversion — 0.89x |
| Leverage and coverage | 37 | Normal | Easing | Interest cover — 1.38x |
| Competitive position | 45 | Elevated | Stable | Operating-margin gap against peers — -12.3 percentage points |
| Concentration | 49 | Elevated | Stable | Geographic concentration — 2,966 HHI |
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.