Stock Analysis on Net
Stock Analysis on Net

e.l.f. Beauty, Inc. (NYSE:ELF)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

e.l.f. Beauty, Inc., historical price multiples (quarterly data)

Microsoft Excel
Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Price to earnings (P/E) 74.19 80.96 70.71 44.49 72.50 91.18 76.56 74.99 67.83 59.14 73.62 86.02 118.96 236.37 200.29 103.07 66.40 46.33 — — —
Price to operating profit (P/OP) 64.89 69.05 65.03 40.94 67.57 82.33 57.58 53.08 47.38 43.25 57.80 68.24 88.03 156.71 96.25 52.47 40.02 27.67 — — —
Price to sales (P/S) 8.01 10.09 10.28 7.07 10.78 9.69 7.22 5.68 4.54 3.28 3.91 4.25 4.41 4.63 3.95 3.39 3.62 2.93 — — —
Price to book value (P/BV) 12.89 16.09 14.89 10.48 15.38 13.65 9.31 7.13 5.69 4.12 4.87 5.34 5.47 5.46 4.48 3.89 4.19 3.42 3.90 3.73 3.89

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. e.l.f. Beauty, Inc. P/E ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. e.l.f. Beauty, Inc. P/OP ratio increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. e.l.f. Beauty, Inc. P/S ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. e.l.f. Beauty, Inc. P/BV ratio increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.

Price to Earnings (P/E)

e.l.f. Beauty, Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
No. shares of common stock outstanding1 56,388,228 55,939,080 55,506,934 55,199,220 54,457,319 53,867,072 53,294,702 52,938,112 52,424,445 52,272,764 52,120,683 52,031,436 51,826,156 51,649,915 51,240,997 51,033,310 50,721,893 50,009,051 49,958,125 49,999,358 49,867,321
Selected Financial Data (US$)
Net income (in thousands) 47,555 14,527 26,888 33,271 52,977 16,246 19,105 11,710 14,469 1,556 6,214 5,724 8,276 (24) 4,297 447 1,512 (341) 8,002 6,517 3,706
Earnings per share (EPS)2 2.17 2.28 2.33 2.20 1.84 1.14 0.88 0.64 0.53 0.42 0.39 0.35 0.25 0.12 0.12 0.19 0.31 0.36 0.00 0.00 0.00
Share price1, 3 160.83 184.77 164.82 98.01 133.19 104.15 67.29 48.09 36.18 24.63 28.52 30.21 29.83 28.52 23.12 19.43 20.54 16.57 18.93 17.29 17.31
Valuation Ratio
P/E ratio4 74.19 80.96 70.71 44.49 72.50 91.18 76.56 74.99 67.83 59.14 73.62 86.02 118.96 236.37 200.29 103.07 66.40 46.33 — — —
Benchmarks
P/E Ratio, Competitors5
Procter & Gamble Co. — 27.11 25.14 25.01 23.65 25.47 26.20 24.00 21.49 23.91 27.43 27.29 24.55 24.46 24.20 23.92 26.27 25.85 63.19 67.79 75.63

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
EPS = (Net incomeQ1 2025 + Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024) ÷ No. shares of common stock outstanding
= (47,555,000 + 14,527,000 + 26,888,000 + 33,271,000) ÷ 56,388,228 = 2.17

3 Closing price as at the filing date of e.l.f. Beauty, Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= 160.83 ÷ 2.17 = 74.19

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. e.l.f. Beauty, Inc. P/E ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.

Price to Operating Profit (P/OP)

e.l.f. Beauty, Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
No. shares of common stock outstanding1 56,388,228 55,939,080 55,506,934 55,199,220 54,457,319 53,867,072 53,294,702 52,938,112 52,424,445 52,272,764 52,120,683 52,031,436 51,826,156 51,649,915 51,240,997 51,033,310 50,721,893 50,009,051 49,958,125 49,999,358 49,867,321
Selected Financial Data (US$)
Operating income (in thousands) 50,708 17,030 31,836 40,179 60,633 8,045 23,291 15,377 21,430 2,186 8,971 7,442 11,171 (1,868) 6,291 1,968 3,009 1,040 12,880 9,102 6,928
Operating profit per share2 2.48 2.68 2.53 2.39 1.97 1.27 1.17 0.91 0.76 0.57 0.49 0.44 0.34 0.18 0.24 0.37 0.51 0.60 0.00 0.00 0.00
Share price1, 3 160.83 184.77 164.82 98.01 133.19 104.15 67.29 48.09 36.18 24.63 28.52 30.21 29.83 28.52 23.12 19.43 20.54 16.57 18.93 17.29 17.31
Valuation Ratio
P/OP ratio4 64.89 69.05 65.03 40.94 67.57 82.33 57.58 53.08 47.38 43.25 57.80 68.24 88.03 156.71 96.25 52.47 40.02 27.67 — — —
Benchmarks
P/OP Ratio, Competitors5
Procter & Gamble Co. — 21.33 19.83 19.47 18.65 20.19 20.94 19.37 17.32 19.41 22.11 22.17 19.20 19.08 18.81 18.46 21.16 21.01 42.45 45.33 48.96

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
Operating profit per share = (Operating incomeQ1 2025 + Operating incomeQ4 2024 + Operating incomeQ3 2024 + Operating incomeQ2 2024) ÷ No. shares of common stock outstanding
= (50,708,000 + 17,030,000 + 31,836,000 + 40,179,000) ÷ 56,388,228 = 2.48

3 Closing price as at the filing date of e.l.f. Beauty, Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 160.83 ÷ 2.48 = 64.89

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. e.l.f. Beauty, Inc. P/OP ratio increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.

Price to Sales (P/S)

e.l.f. Beauty, Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
No. shares of common stock outstanding1 56,388,228 55,939,080 55,506,934 55,199,220 54,457,319 53,867,072 53,294,702 52,938,112 52,424,445 52,272,764 52,120,683 52,031,436 51,826,156 51,649,915 51,240,997 51,033,310 50,721,893 50,009,051 49,958,125 49,999,358 49,867,321
Selected Financial Data (US$)
Net sales (in thousands) 324,477 321,143 270,943 215,507 216,339 187,357 146,537 122,349 122,601 105,135 98,118 91,855 97,047 92,671 88,562 72,350 64,527 74,712 80,760 67,615 59,764
Sales per share2 20.08 18.30 16.04 13.87 12.35 10.75 9.32 8.47 7.97 7.50 7.28 7.11 6.77 6.16 5.86 5.73 5.67 5.66 0.00 0.00 0.00
Share price1, 3 160.83 184.77 164.82 98.01 133.19 104.15 67.29 48.09 36.18 24.63 28.52 30.21 29.83 28.52 23.12 19.43 20.54 16.57 18.93 17.29 17.31
Valuation Ratio
P/S ratio4 8.01 10.09 10.28 7.07 10.78 9.69 7.22 5.68 4.54 3.28 3.91 4.25 4.41 4.63 3.95 3.39 3.62 2.93 — — —
Benchmarks
P/S Ratio, Competitors5
Procter & Gamble Co. — 4.71 4.44 4.32 4.25 4.46 4.54 4.19 3.82 4.31 4.93 4.96 4.41 4.51 4.50 4.39 4.88 4.65 4.24 4.44 4.43

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
Sales per share = (Net salesQ1 2025 + Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024) ÷ No. shares of common stock outstanding
= (324,477,000 + 321,143,000 + 270,943,000 + 215,507,000) ÷ 56,388,228 = 20.08

3 Closing price as at the filing date of e.l.f. Beauty, Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 160.83 ÷ 20.08 = 8.01

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. e.l.f. Beauty, Inc. P/S ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Price to Book Value (P/BV)

e.l.f. Beauty, Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
No. shares of common stock outstanding1 56,388,228 55,939,080 55,506,934 55,199,220 54,457,319 53,867,072 53,294,702 52,938,112 52,424,445 52,272,764 52,120,683 52,031,436 51,826,156 51,649,915 51,240,997 51,033,310 50,721,893 50,009,051 49,958,125 49,999,358 49,867,321
Selected Financial Data (US$)
Stockholders’ equity (in thousands) 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Book value per share (BVPS)2 12.48 11.49 11.07 9.36 8.66 7.63 7.23 6.74 6.36 5.98 5.86 5.65 5.45 5.22 5.16 4.99 4.90 4.84 4.85 4.63 4.45
Share price1, 3 160.83 184.77 164.82 98.01 133.19 104.15 67.29 48.09 36.18 24.63 28.52 30.21 29.83 28.52 23.12 19.43 20.54 16.57 18.93 17.29 17.31
Valuation Ratio
P/BV ratio4 12.89 16.09 14.89 10.48 15.38 13.65 9.31 7.13 5.69 4.12 4.87 5.34 5.47 5.46 4.48 3.89 4.19 3.42 3.90 3.73 3.89
Benchmarks
P/BV Ratio, Competitors5
Procter & Gamble Co. — 7.87 7.46 7.47 7.41 7.83 8.15 7.56 6.97 7.42 8.63 8.70 7.38 7.40 7.24 6.74 7.33 7.09 6.56 6.78 6.54

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 703,590,000 ÷ 56,388,228 = 12.48

3 Closing price as at the filing date of e.l.f. Beauty, Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 160.83 ÷ 12.48 = 12.89

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. e.l.f. Beauty, Inc. P/BV ratio increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.