Which has the lower trailing P/E, DBX or ESTC?

DBX has the lower trailing P/E: DBX trades at 18.83 and ESTC at 26.29. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DBX or ESTC?

Over the past five years, ESTC grew revenue faster — DBX at a 4.48% CAGR versus ESTC at 21.79%.

Is DBX or ESTC more profitable?

ESTC runs the higher net margin — DBX at 17.49% versus ESTC at 20.84%.

How have DBX and ESTC total returns compared?

Over the past 5 years, DBX delivered 2.97% and ESTC delivered -9.38% annualized total return. Past performance doesn't predict future results.

Dropbox, Inc. (DBX) vs Elastic N.V. (ESTC)

A side-by-side comparison of Dropbox, Inc. and Elastic N.V. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

DBX

Dropbox, Inc.

$8.63B

$33.90TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

ESTC

Elastic N.V.

$9.77B

$93.94TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — DBX vs ESTC

growth of $100 · dividends reinvested · last 8y

DBX +38.9% (+4.2%/yr)ESTC +31.9% (+3.5%/yr)DBX compounded faster over this window

DBX ESTC

DBX vs ESTC: by the numbers

•ESTC is the larger company ($9.77B vs $8.63B market cap).
•DBX trades at the lower trailing earnings multiple (18.83 vs 26.29 P/E), one valuation lens rather than an overall verdict.
•ESTC converts more revenue to profit (20.84% vs 17.49% net margin).
•ESTC grew revenue faster over the past five years (21.79% vs 4.48% CAGR).

Metrics side by side

Valuation

Metric	DBX	ESTC
P/E ratio	18.83	26.29
Forward P/E	11.08	27.96
P/S ratio	3.41	5.42
P/B ratio	N/A	7.53
EV / EBITDA	13.97	N/A
FCF yield	11.09%	3.57%

Profitability

Metric	DBX	ESTC
Gross margin	79.72%	75.50%
Operating margin	26.49%	-1.49%
Net margin	17.49%	20.84%
ROE	N/A	28.97%
ROIC	31.70%	-1.37%

Growth (annualized)

Metric	DBX	ESTC
Revenue CAGR (5Y)	4.48%	21.79%
FCF CAGR (5Y)	7.39%	107.34%
Total return CAGR (5Y)	2.97%	-9.38%

Frequently asked

Which has the lower trailing P/E, DBX or ESTC?: DBX has the lower trailing P/E: DBX trades at 18.83 and ESTC at 26.29. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DBX or ESTC?: Over the past five years, ESTC grew revenue faster — DBX at a 4.48% CAGR versus ESTC at 21.79%.
Is DBX or ESTC more profitable?: ESTC runs the higher net margin — DBX at 17.49% versus ESTC at 20.84%.
How have DBX and ESTC total returns compared?: Over the past 5 years, DBX delivered 2.97% and ESTC delivered -9.38% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DBX analysis Full ESTC analysis Interactive comparison tool

Dig into the metrics

Dropbox P/E ratio Elastic P/E ratio Dropbox ROE Elastic ROE Dropbox operating margin Elastic operating margin Dropbox revenue growth Elastic revenue growth Dropbox free cash flow Elastic free cash flow

Dropbox & Elastic appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.