e.l.f. Beauty (ELF) stock is down 11.3% in a day. The recent slide reflects renewed concerns around its weak fiscal 2026 outlook and tariff impacts, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the e.l.f. story?
Before judging its downturn reslience, let’s look at where e.l.f. Beauty stands today.
Size: e.l.f. Beauty is a $4.8 Bil company with $1.5 Bil in revenue currently trading at $81.64.
Fundamentals: Last 12 month revenue growth of 16.7% and operating margin of 11.1%.
Liquidity: Has Debt to Equity ratio of 0.19 and Cash to Assets ratio of 0.08
Valuation: e.l.f. Beauty stock is currently trading at P/E multiple of 46.6 and P/EBIT multiple of 27.7
Has returned (median) 44.6% within a year following sharp dips since 2010. See ELF Dip Buy Analysis.
These metrics point to a Strong operational performance, alongside High valuation – making the stock Fairly Priced. For details, see Buy or Sell ELF Stock
That brings us to the key consideration for investors worried about this fall: how resilient is ELF stock if markets turn south? This is where our downturn resilience framework comes in. Suppose ELF stock falls another 20-30% to $57 – can investors comfortably hold on? Turns out, the stock has fared worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
Trefis: ELF Stock Insights
2022 Inflation Shock
ELF stock fell 36.6% from a high of $33.21 on 31 December 2021 to $21.05 on 24 May 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
However, the stock fully recovered to its pre-Crisis peak by 20 July 2022
Since then, the stock increased to a high of $218.00 on 27 June 2024 , and currently trades at $81.64
ELF
S&P 500
% Change from Pre-Recession Peak
-36.6%
-25.4%
Time to Full Recovery
57 days
464 days
2020 Covid Pandemic
ELF stock fell 59.0% from a high of $19.84 on 13 February 2020 to $8.13 on 18 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
However, the stock fully recovered to its pre-Crisis peak by 8 July 2020
ELF
S&P 500
% Change from Pre-Recession Peak
-59.0%
-33.9%
Time to Full Recovery
112 days
148 days
2018 Correction
ELF stock fell 75.4% from a high of $29.64 on 6 January 2017 to $7.30 on 27 February 2019 vs. a peak-to-trough decline of 19.8% for the S&P 500.
However, the stock fully recovered to its pre-Crisis peak by 16 April 2021
ELF
S&P 500
% Change from Pre-Recession Peak
-75.4%
-19.8%
Time to Full Recovery
779 days
120 days
Feeling jittery about ELF stock? Consider portfolio approach.
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