e.l.f. Beauty (ELF) Trading at $73.62, P/E Ratios at 41.59 and 20.24

As of March 16, 2026, e.l.f. Beauty, Inc. (ELF) shares were trading at $73.62. The company's trailing P/E ratio is 41.59, while the forward P/E ratio is 20.24 according to Yahoo Finance. Recent concerns stem from a revenue miss in Q2 FY2026 and cautious guidance, leading to a stock price decline of approximately 39.98% since November 2024. While the company faces tariff and inflation pressures that could challenge margins, it continues to benefit from strong brand equity and expanding distribution. Future growth may depend on managing these challenges and successfully launching products like Rhode.