---
title: e.l.f. Beauty (ELF) — stock overview: intrinsic value, grades and financials
canonical: https://sweetvaluelab.com/stocks/elf
ticker: ELF
as_of: 2026-11-02
sector: Consumer Defensive
industry: Household & Personal Products
---
# e.l.f. Beauty (ELF)

e.l.f. Beauty (ELF) holds a Quant grade of B (model v1, Oct 30), on a scale from S, the best, to D. It closed at $111.69 on Oct 30, 2026, overvalued by 410% vs model: DCF · Perpetuity growth · 5y puts it at $21.89 a share. The other 7 models range from $6.63 to $186.28, and the median analyst target is $110.50 from 10 firms.

In Q1 FY2027, the latest quarter on file, revenue grew 36% on a year earlier to $479.4M, with an operating margin of 21.4%. Over the twelve months to Q1 FY2027, free cash flow was $280.2M.

Among the superinvestors tracked here, Bridgewater reduced. Insiders sold $9.6M and made no open-market purchases over the last 90 days. The latest filing is an 8-K (current report), filed Aug 24.

The valuation in full, model by model: https://sweetvaluelab.com/stocks/elf/valuation.

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $111.69 (Oct 30, 2026) |
| Model value (from a five-year discounted cash flow) | $21.89 |
| Price vs model | overvalued by 410% vs model |
| Range of that model | $19.17 – $25.94 |
| Market value | $6.6B |
| P/E (fiscal 2026) | 253.8 |
| Net margin (fiscal 2026) | 1.6% |
| Free cash flow (fiscal 2026) | $190.1M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 2.39 |
| Cost of capital (WACC) | 11.75% |
| Business classification | High Growth (High revenue growth (~26% recent), Thin margins (1.6% net margin), Highly cyclical earnings) |

## The last eight quarters

| Quarter | Revenue | Change on a year earlier | Operating margin |
| --- | ---: | ---: | ---: |
| Q2 FY2025 | $301.1M | — | 9.3% |
| Q3 FY2025 | $355.3M | — | 9.9% |
| Q4 FY2025 | $332.6M | — | 13.3% |
| Q1 FY2026 | $353.7M | — | 13.8% |
| Q2 FY2026 | $343.9M | +14.2% | 2.2% |
| Q3 FY2026 | $489.5M | +37.8% | 13.8% |
| Q4 FY2026 | $449.3M | +35.1% | 1.6% |
| Q1 FY2027 | $479.4M | +35.5% | 21.4% |

Twelve months to Q1 FY2027, against the twelve before:

| Line | Latest | Year before |
| --- | ---: | ---: |
| Revenue | $1.8B | $1.3B |
| Operating income | $185.0M | $156.0M |
| Net income | $59.6M | $97.8M |
| Free cash flow | $280.2M | $135.0M |
| Diluted EPS | $0.98 | $1.69 |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #49 | +46.9% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Nov 2, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $21.89 | $19.17 | $25.94 |
| DCF · Perpetuity growth · 10y | cross check | $26.80 | $23.43 | $31.50 |
| DCF · EBITDA exit · 5y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 10y | cross check | $0.00 | $0.00 | $0.00 |
| P/E · peers | cross check | $10.99 | $9.50 | $41.73 |
| P/E · own history | cross check | $186.28 | $123.93 | $289.81 |
| PEG | sanity check | $91.74 | $91.74 | $91.74 |
| EV/EBITDA · peers | cross check | $26.54 | $23.69 | $40.88 |
| EV/Revenue · peers | cross check | $16.34 | $4.78 | $59.84 |
| Earnings power value | cross check | $6.63 | $4.68 | $9.15 |

## Wall Street analysts

The median of each covering firm's latest price target is $110.50, from 10 firms — the analysts' figure, quoted, and not part of the model value above. Each firm's latest target, the current grades, the grade changes and the consensus revenue and EPS estimates: https://sweetvaluelab.com/stocks/elf/analysts (Markdown: https://sweetvaluelab.com/stocks/elf/analysts.md).

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 13 open-market sales ($9.6M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 15, 2026 | Franks Joshua Allen | SVP, Operations | Open-market sell (10b5-1 plan) | 7,926 | $873,071.9 |
| Oct 12, 2026 | Franks Joshua Allen | SVP, Operations | Open-market sell (10b5-1 plan) | 8,366 | $920,310.2 |
| Oct 1, 2026 | AMIN TARANG | Chief Executive Officer | Option/RSU exercise (10b5-1 plan) | 71,000 | $0 |
| Oct 1, 2026 | AMIN TARANG | Chief Executive Officer | Open-market sell (10b5-1 plan) | 2,026 | $212,745.6 |
| Oct 1, 2026 | AMIN TARANG | Chief Executive Officer | Open-market sell (10b5-1 plan) | 21,902 | $2.3M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 24, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1600033/000160003326000044/elf-20260820.htm |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1600033/000160003326000040/elf-20260630.htm |
| Aug 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1600033/000160003326000036/elf-20260805.htm |
| Jul 8, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/1600033/000160003326000031/defa14a_elf20261.htm |
| Jul 8, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/1600033/000160003326000030/elf-20260706.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 3,351 | $247,974 |

1 tracked managers in all.

## About

e.l.f. Beauty, Inc., a beauty company, provides cosmetics and skin care products worldwide. The company offers eye, lip, face, paw, and skin care products. It offers products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare brand names. The company sells its products through national and international retailer and direct-to-consumer through its e-commerce channel. e.l.f. Beauty, Inc. was formerly known as J.A. Cosmetics Holdings, Inc. and changed its name to e.l.f. Beauty, Inc. in April 2016. The company was founded in 2004 and is headquartered in Oakland, California.

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Source: https://sweetvaluelab.com/stocks/elf (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.