As at May 1, 2024, the NTAP stock has a PE ratio of 22.49. This is based on the current EPS of $4.49 and the stock price of $100.99 per share. An increase of 36% has been seen in the P/E ratio compared to the average of 16.5 of the last 4 quarters.
The mean historical PE ratio of NetApp over the last ten years is 25.32. The current 22.49 PE ratio is 11% 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.
Maximum annual increase: 588.36% in 2018
Maximum annual decrease: -90.03% in 2019
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2014 | 18.72 | -24.85% |
NTAP's current P/E ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
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 | 8.08 | $27.4B |
| NTAP NetApp Inc | 22.74 | $21.08B |
| SMCI Super Micro Computer Inc | 55.59 | $42.63B |
| TDC Teradata Corp | 60.1 | $3.63B |
| STX Seagate Technology plc | N/A | $18.12B |
| WDC Western Digital Corp | N/A | $22.77B |
NTAP stock has a price to earnings ratio of 22.49 as of May 1, 2024.
The 3-year average PE ratio for NTAP stock is 16.58.
The 5-year average PE ratio for NTAP stock is 16.4.
Over the last ten years, the quarterly PE ratio reached a historic high of 156.74 in the Apr 2018 quarter.
NTAP's current price to earnings ratio is 11% below its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 1, 2024), NetApp's stock price is $100.99. The earnings per share for the trailing twelve months (TTM) ending Jan 2024 is $4.49. Therefore, NetApp's P/E ratio for today is 22.49. PE RATIO(22.49) = STOCK PRICE($100.99) / TTM EPS($4.49)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.