Cellular materials, especially foams, are widely used in several applications because of their special mechanical, electrical and thermal properties. Their properties are determined by three factors: bulk material properties, cell topology and shape as well as relative density. The bulk material properties include the mechanical, thermal and electrical properties of the matrix. The cell topology determines if the foam exhibits stretch or bending dominated behaviour. The relative density corresponds to the foaming degree. It is defined by the cell edge length and cell wall thickness. Especially for the linear elastic properties there are many different modelling approaches. In general, these methods can be divided into two groups namely direct modelling, e.g. analytical and finite element models and constitutive modelling, e.g. models which are generated through homogenization methods. This paper presents an overview of the different modelling methods for foams. Furthermore, sensitivity studies are presented which enable the comparison of the models with regard to the estimation of the elastic properties, show the limits of those models and enable the investigation of the influence of the above mentioned factors on the elastic properties. Selected models are validated with experimental data of a low density foam regarding the Young’s modulus.