NTAP
Netapp
PEG ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: NTAP
- PEG Ratio
As of Jul 31, 2026, NTAP's PE to growth ratio of 2.7 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 27.85 measured against EPS growth of 10.3%. When compared to the trailing 4-quarter average of 2.46, NTAP's PEG ratio reflects a 10% increase.
NTAP PEG ratio history
Netapp's ten years historical PEG ratio has a mean of 0.91. Compared to historical data, NTAP's 2.7 PEG ratio represents an increase of 197%. NTAP hit its maximum PEG ratio of 4.64 during the Oct 2025 quarter over the last ten years. The Jan 2019 quarter marked the lowest reading at 0, indicating the most favorable growth-adjusted valuation.
Netapp PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2026 | 1.65 | 16.96 | 10.3% |
| 2025 | 0.67 | 15.22 | 22.6% |
| 2024 | N/A | 21.38 | -19.3% |
| 2023 | 0.27 | 10.71 | 39.8% |
| 2022 | 0.63 | 17.44 | 27.7% |
| 2021 | N/A | 22.7 | -7.6% |
| 2020 | N/A | 12.1 | -22.6% |
| 2019 | 0.02 | 15.63 | 969.8% |
| 2018 | N/A | 156.74 | -75.4% |
| 2017 | 0.18 | 22.77 | 124.4% |
| 2016 | N/A | 30.31 | -55.9% |
| 2015 | N/A | 20.41 | -5.3% |
| 2014 | 0.56 | 18.72 | 33.6% |
| 2013 | N/A | 24.91 | -15.7% |
| 2012 | N/A | 23.51 | -11.2% |
Netapp PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Apr 2026 | 1.65 | 16.96 | 10.3% |
| Jan 2026 | 1.75 | 16.08 | 9.2% |
| Oct 2025 | 4.64 | 19.97 | 4.3% |
| Jul 2025 | 1.8 | 18.16 | 10.1% |
| Apr 2025 | 0.67 | 15.22 | 22.6% |
| Jan 2025 | 0.96 | 22.7 | 23.6% |
| Oct 2024 | 0.3 | 21.32 | 71.3% |
| Jul 2024 | N/A | 24.03 | -6.4% |
| Apr 2024 | N/A | 21.38 | -19.3% |
| Jan 2024 | N/A | 19.61 | -23.8% |
| Oct 2023 | N/A | 21.96 | -51.3% |
| Jul 2023 | 0.43 | 13.77 | 31.7% |
| Apr 2023 | 0.27 | 10.71 | 39.8% |
| Jan 2023 | 0.38 | 11.13 | 29.5% |
| Oct 2022 | 0.18 | 10.33 | 58.5% |
NTAP average PEG ratio chart
NTAP's PEG ratio today sits above the 3, 5 and 10-year averages.
PEG comparison
With a PEG of 2.7, NTAP stands higher than the Technology sector, the industry and its peers average. Looking at the Technology sector average of 0.74, Netapp's PEG is 265% higher.
NTAP EPS growth
NTAP Price vs fair value
NTAP PEG vs peers
Relative to its peer stocks STX and WDC, NTAP's PEG ratio is higher. At 2.7, Netapp's PEG ratio is higher than the peer group average of 1.09.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| TDC Teradata Corp | 0.03 | $3.01B |
| WDC Western Digital Corp | 0.09 | $179.28B |
| STX Seagate Technology Holdings Plc | 1.34 | $182.65B |
| SMCI Super Micro Computer Inc | 1.77 | $17.15B |
| HPQ HP Inc | 2.15 | $24.71B |
| NTAP Netapp Inc | 2.77 | $35.78B |
Frequently asked questions
What is Netapp's PEG ratio?
According to Jul 31, 2026 figures, NTAP's PEG ratio stands at 2.7.
What is the 3-year average PEG ratio for Netapp (NTAP)?
NTAP's 3-year PEG ratio average is 1.68.
What is the 5-year average PEG ratio for Netapp (NTAP)?
NTAP's 5-year PEG ratio average is 1.07.
What is the highest PEG ratio for NTAP?
NTAP's PEG ratio topped out at 4.64 during the Oct 2025 quarter - the highest in ten years.
How does the current PEG ratio for NTAP compare to its historical average?
At present, NTAP's PEG ratio is 197% higher than its 10-year historical average.
Why is Netapp's PEG ratio so high?
When a company's earnings growth lags its valuation, the PEG ratio tends to be elevated - as seen with NTAP's 2.7 reading.
How is NTAP's PEG ratio calculated (Netapp PEG ratio formula)?
PEG equals PE divided by earnings per share growth (YoY TTM). As of Jul 31, 2026, Netapp has a PE ratio of 27.85. Earnings grew at 10.3% over the TTM period ending Apr 2026. Applying the formula, this gives a PEG ratio of 2.7. PEG RATIO(2.7) = PE RATIO(27.85) / EPS GROWTH(10.3%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.