With a daily gain of 2.02%, a 3-month gain of 20.43%, and a Loss Per Share of 2.24, the question arises: Is Elastic NV (NYSE:ESTC) significantly undervalued? The following sections will provide a comprehensive understanding of Elastic NV (NYSE:ESTC)'s financial standing, intrinsic value, and future prospects. Elastic NV, a software company based in Mountain View, California, specializes in search-adjacent products.