NetApp, Inc.
NTAP
Rank in Stocks
#599
NetApp, Inc. is a technology company focused on providing cloud-centric and... NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.
Share Price
$207.19
Market Cap
$40.70B
Change (1 day)
1.66%
Change (1 year)
74.01%
Country
US
Trade NetApp, Inc. (NTAP)
Category
Technology
P/E ratio for NetApp, Inc. (NTAP)
P/E ratio as of October 2026 TTM: 30.95
According to NetApp, Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.95. At the end of 2024 the company had a P/E ratio of 21.56.
P/E ratio history for NetApp, Inc. from 2000 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 30.95 | 100.43% |
| 2025 | 15.44 | -28.40% |
| 2024 | 21.56 | 101.28% |
| 2023 | 10.71 | -38.55% |
| 2022 | 17.43 | -23.25% |
| 2021 | 22.71 | 87.83% |
| 2020 | 12.09 | -22.59% |
| 2019 | 15.62 | -93.43% |
| 2018 | 237.67 | 1,003.92% |
| 2017 | 21.53 | -29.06% |
| 2016 | 30.35 | 49.12% |
| 2015 | 20.35 | 8.94% |
| 2014 | 18.68 | -25.11% |
| 2013 | 24.95 | 6.33% |
| 2012 | 23.46 | -16.03% |
| 2011 | 27.94 | -4.98% |
| 2010 | 29.41 | -58.64% |
| 2009 | 71.10 | 167.16% |
| 2008 | 26.61 | -43.54% |
| 2007 | 47.14 | -6.90% |
| 2006 | 50.63 | 19.61% |
| 2005 | 42.33 | 0.09% |
| 2004 | 42.30 | -30.13% |
| 2003 | 60.53 | -96.59% |
| 2002 | 1.78K | 1,799.61% |
| 2001 | 93.54 | -68.82% |
| 2000 | 299.97 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 29.00 | -6.28% |
US
|
|
| 60.88 | 96.72% |
US
|
|
| - | - |
US
|
|
| 49.07 | 58.57% |
SG
|
|
| 13.41 | -56.68% |
US
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.