At 38.8X P/E, Is e.l.f. Beauty Stock Still Worth the Splurge?

e.l.f. Beauty, Inc. (ELF) has long been celebrated for its impressive growth trajectory, but its current valuation raises concerns. The company’s forward 12-month price-to-earnings (P/E) ratio stands at 38.79, significantly outpacing the S&P 500’s P/E of 22 and the industry average of 26.94. Such a sharp contrast raises the question: Is ELF’s stock price justified, or is it overvalued? Adding to investor concerns is the company’s Value Score of F, which suggests its premium may be difficult to sustain.ELF S ...