NTAP
NetApp
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: NTAP
- PE Ratio
As at Jun 23, 2026, the NTAP stock has a PE ratio of 24.62. This is based on the current EPS of $6.41 and the stock price of $157.82 per share. An increase of 38% has been seen in the P/E ratio compared to the average of 17.8 of the last 4 quarters.
NTAP PE ratio history
The mean historical PE ratio of NetApp over the last ten years is 24.6. The current 24.62 PE ratio is comparable to 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 |
|---|---|---|---|---|
| 2026 | 16.96 | 11.43% | $108.71 | $6.41 |
| 2025 | 15.22 | -28.81% | $88.45 | $5.81 |
| 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 |
NetApp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 16.96 | 5.47% | $108.71 | $6.41 |
| Jan 2026 | 16.08 | -19.48% | $97.42 | $6.06 |
| Oct 2025 | 19.97 | 9.97% | $116.64 | $5.84 |
| Jul 2025 | 18.16 | 19.32% | $104.94 | $5.78 |
| Apr 2025 | 15.22 | -32.95% | $88.45 | $5.81 |
| 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 |
NTAP Price vs fair value
NTAP average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
NTAP's current P/E ratio is above the 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 24.62, NTAP is below the Technology sector, the industry and its peers average. Compared to its Technology sector average of 36.24, NetApp's P/E is 32% lower.
NTAP PE vs peers
NTAP's PE ratio is lower than its peer stocks STX and WDC, but it is greater than HPQ's and SMCI's. NetApp is presently trading at a lower PE ratio (24.62) than its peer group average of 32.4.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TDC Teradata Corp | 6.91 | $2.93B |
| HPQ Hp Inc | 8.67 | $21.65B |
| SMCI Super Micro Computer Inc | 15.94 | $20.04B |
| NTAP NetApp Inc | 24.62 | $30.92B |
| WDC Western Digital Corp | 35.97 | $231.2B |
| STX Seagate Technology plc | 94.5 | $232.88B |
Frequently asked questions
What is NetApp's PE ratio?
NTAP stock has a price to earnings ratio of 24.62 as of Jun 23, 2026.
What is the 3-year average PE ratio for NetApp (NTAP)?
The 3-year average PE ratio for NTAP stock is 19.26.
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 0.1% 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 23, 2026), NetApp's stock price is $157.82. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $6.41. Therefore, NetApp's P/E ratio for today is 24.62. PE RATIO(24.62) = STOCK PRICE($157.82) / TTM EPS($6.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.