NTAP NetApp PE ratio, current and historical analysis
As at Nov 21, 2024, the NTAP stock has a PE ratio of 24.13. This is based on the current EPS of $5.25 and the stock price of $126.68 per share. An increase of 11% has been seen in the P/E ratio compared to the average of 21.7 of the last 4 quarters.
NTAP PE ratio history
The mean historical PE ratio of NetApp over the last ten years is 25.43. The current 24.13 PE ratio is 5% 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 | 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
NTAP's current P/E ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
NTAP PE vs peers
NTAP's PE ratio is lower than its peer stocks WDC and STX, but it is greater than HPQ's and SMCI's. NetApp is presently trading at a lower PE ratio (24.13) than its peer group average of 32.12.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 13.35 | $37.06B |
| SMCI Super Micro Computer Inc | 17.26 | $19.4B |
| NTAP NetApp Inc | 23.54 | $25.31B |
| STX Seagate Technology plc | 25.35 | $21.07B |
| TDC Teradata Corp | 36.2 | $2.94B |
| WDC Western Digital Corp | 71.51 | $22.99B |
Frequently asked questions
What is NetApp's PE ratio?
NTAP stock has a price to earnings ratio of 24.13 as of Nov 21, 2024.
What is the 3-year average PE ratio for NetApp (NTAP)?
The 3-year average PE ratio for NTAP stock is 16.92.
What is the 5-year average PE ratio for NetApp (NTAP)?
The 5-year average PE ratio for NTAP stock is 17.27.
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 5% 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 (Nov 21, 2024), NetApp's stock price is $126.68. The earnings per share for the trailing twelve months (TTM) ending Jul 2024 is $5.25. Therefore, NetApp's P/E ratio for today is 24.13. PE RATIO(24.13) = STOCK PRICE($126.68) / TTM EPS($5.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.