This equation computes the Modulus of Elasticity (Young's Modulus) from the uniaxial loading and deformation.
The modulus of elasticity1 is the measure of an object's or material's tendency to deform elastically (i.e., non-permanently) when a force is applied. The Modulus of Elasticity is also known as Young's Modulus, the tensile modulus or elastic modulus. This modulus measures the stiffness of an elastic material. It is defined as the ratio of the stress (force per unit area) along an axis to the strain (ratio of deformation over initial length) along that axis in the range of stress in which Hooke's law holds.2