e.l.f. Beauty posts strong Q2 growth but valuation and slowing momentum keep it a Hold

e.l.f. Beauty reported a 51.4% revenue increase in Q2 with organic growth rebounding 35% and market share gains. Despite raising FY27 revenue growth guidance to 22–24%, challenges from Rhode’s annualization, retail expansion costs, and tariff refund reinvestments may pressure margins and growth. The stock trades at 23 times projected FY29 earnings, which is high relative to its expected 11–12% earnings growth, limiting upside potential. Overall, strong results are balanced by valuation concerns and growth headwinds, leading to a Hold rating.

e.l.f. Beauty holds a market cap of $6.72 billion and an enterprise value of $7.28 billion on Pluang as of Nov 13, 2026, 20:11 WIB. The stock price is USD 113.29, down slightly by 0.21% on the day, with a trading volume of 1,676,209 shares. Investors typically hold the stock for about 27 days on the platform, reflecting moderate trading interest amid the company's mixed growth outlook and valuation concerns.