NTAP NetApp PE ratio, current and historical analysis
As at Apr 2, 2025, the NTAP stock has a PE ratio of 16.3. This is based on the current EPS of $5.55 and the stock price of $90.49 per share. A decrease of 27% has been seen in the P/E ratio compared to the average of 22.4 of the last 4 quarters.
NTAP PE ratio history
The mean historical PE ratio of NetApp over the last ten years is 25.38. The current 16.3 PE ratio is 36% below the historical average. Over the past ten years, NTAP's PE ratio was at its highest in the Apr 2018 quarter at 156.74, with a price of $67.4 and an EPS of $0.43. The Oct 2022 quarter recorded the bottom point at 10.33, with a price of $69.4 and an EPS of $6.72.
NetApp PE ratio by year
Maximum annual increase: 588.36% in 2018
Maximum annual decrease: -90.03% in 2019
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 21.38 | 99.63% | $101.33 | $4.74 |
| 2023 | 10.71 | -38.59% | $62.89 | $5.87 |
| 2022 | 17.44 | -23.17% | $73.25 | $4.2 |
| 2021 | 22.7 | 87.6% | $74.69 | $3.29 |
| 2020 | 12.1 | -22.58% | $43.06 | $3.56 |
| 2019 | 15.63 | -90.03% | $71.9 | $4.6 |
| 2018 | 156.74 | 588.36% | $67.4 | $0.43 |
| 2017 | 22.77 | -24.88% | $39.85 | $1.75 |
| 2016 | 30.31 | 48.51% | $23.64 | $0.78 |
| 2015 | 20.41 | 9.03% | $36.12 | $1.77 |
| 2014 | 18.72 | -24.85% | $35 | $1.87 |
| 2013 | 24.91 | 5.95% | $34.87 | $1.4 |
| 2012 | 23.51 | -15.64% | $39.03 | $1.66 |
| 2011 | 27.87 | -5.14% | $52.11 | $1.87 |
| 2010 | 29.38 | -68.46% | $34.67 | $1.18 |
NetApp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jan 2025 | 22.7 | 6.47% | $126 | $5.55 |
| Oct 2024 | 21.32 | -11.28% | $119.41 | $5.6 |
| Jul 2024 | 24.03 | 12.39% | $126.15 | $5.25 |
| Apr 2024 | 21.38 | 9.03% | $101.33 | $4.74 |
| Jan 2024 | 19.61 | -10.7% | $88.06 | $4.49 |
| Oct 2023 | 21.96 | 59.48% | $71.81 | $3.27 |
| Jul 2023 | 13.77 | 28.57% | $77.24 | $5.61 |
| Apr 2023 | 10.71 | -3.77% | $62.89 | $5.87 |
| Jan 2023 | 11.13 | 7.74% | $65.54 | $5.89 |
| Oct 2022 | 10.33 | -38.29% | $69.4 | $6.72 |
| Jul 2022 | 16.74 | -4.01% | $71.33 | $4.26 |
| Apr 2022 | 17.44 | -8.11% | $73.25 | $4.2 |
| Jan 2022 | 18.98 | -9.88% | $86.37 | $4.55 |
| Oct 2021 | 21.06 | 2.13% | $89.3 | $4.24 |
| Jul 2021 | 20.62 | -9.16% | $79.59 | $3.86 |
NTAP average PE ratio chart
NTAP's current P/E ratio is below the 3, 5 and 10-year averages.
NTAP PE vs peers
NTAP's PE ratio is lower than its peer stock TDC, but it is greater than HPQ's and SMCI's. NetApp is presently trading at a higher PE ratio (16.3) than its peer group average of 14.12.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 9.96 | $26.28B |
| WDC Western Digital Corp | 11.8 | $14.53B |
| SMCI Super Micro Computer Inc | 14.15 | $20.83B |
| STX Seagate Technology plc | 15.27 | $18.11B |
| NTAP NetApp Inc | 16.3 | $18.41B |
| TDC Teradata Corp | 19.43 | $2.17B |
Frequently asked questions
What is NetApp's PE ratio?
NTAP stock has a price to earnings ratio of 16.3 as of Apr 2, 2025.
What is the 3-year average PE ratio for NetApp (NTAP)?
The 3-year average PE ratio for NTAP stock is 17.59.
What is the 5-year average PE ratio for NetApp (NTAP)?
The 5-year average PE ratio for NTAP stock is 17.91.
What is the highest PE ratio for NTAP?
Over the last ten years, the quarterly PE ratio reached a historic high of 156.74 in the Apr 2018 quarter.
How does the current PE ratio for NTAP compare to its historical average?
NTAP's current price to earnings ratio is 36% below its 10-year historical average.
How is NTAP's PE ratio calculated (NetApp PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Apr 2, 2025), NetApp's stock price is $90.49. The earnings per share for the trailing twelve months (TTM) ending Jan 2025 is $5.55. Therefore, NetApp's P/E ratio for today is 16.3. PE RATIO(16.3) = STOCK PRICE($90.49) / TTM EPS($5.55)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.