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NTAP NetApp PE ratio, current and historical analysis

As at Jun 14, 2024, the NTAP stock has a PE ratio of 26.62. This is based on the current EPS of $4.74 and the stock price of $126.17 per share. An increase of 39% has been seen in the P/E ratio compared to the average of 19.2 of the last 4 quarters.

NTAP PE ratio history

How has NTAP's PE ratio performed in the past

The mean historical PE ratio of NetApp over the last ten years is 25.21. The current 26.62 PE ratio is 6% above 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.

Average
25.21
Median
20.41
Minimum
10.33
Maximum
156.74

NetApp PE ratio by year

Maximum annual increase: 588.36% in 2018

Maximum annual decrease: -90.03% in 2019

Year PE ratio Change
2024 21.38 99.63%
2023 10.71 -38.59%
2022 17.44 -23.17%
2021 22.7 87.6%
2020 12.1 -22.58%
2019 15.63 -90.03%
2018 156.74 588.36%
2017 22.77 -24.88%
2016 30.31 48.51%
2015 20.41 9.03%

NTAP average PE ratio chart

What is the average PE ratio of NTAP for the past years

NTAP's current P/E ratio is above the 3, 5 and 10-year historical averages.

3-year avg
16.98
5-year avg
16.65
10-year avg
25.21
15-year avg
27.31

NTAP PE vs peers

What is NTAP's PE ratio compared to its peers

NTAP's PE ratio is lower than its peer stocks SMCI and TDC, but it is greater than HPQ's.

Stock name PE ratio Market cap
HPQ Hp Inc 11.84 $34.75B
NTAP NetApp Inc 26.62 $25.97B
SMCI Super Micro Computer Inc 43.92 $49.45B
TDC Teradata Corp 77.77 $3.23B
STX Seagate Technology plc N/A $21.81B
WDC Western Digital Corp N/A $25.51B

Frequently asked questions

What is NetApp's PE ratio?

NTAP stock has a price to earnings ratio of 26.62 as of Jun 14, 2024.

What is the 3-year average PE ratio for NetApp (NTAP)?

The 3-year average PE ratio for NTAP stock is 16.98.

What is the 5-year average PE ratio for NetApp (NTAP)?

The 5-year average PE ratio for NTAP stock is 16.65.

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 6% above 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 (Jun 14, 2024), NetApp's stock price is $126.17. The earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $4.74. Therefore, NetApp's P/E ratio for today is 26.62. PE RATIO(26.62) = STOCK PRICE($126.17) / TTM EPS($4.74)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.