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NetApp, Inc. NTAP NASDAQ

NASDAQ Global Select • Technology • Computer Hardware • US • USD

SharesGrow Score
66/100
4/7 Pass
SharesGrow Intrinsic Value
$280.51
+183.7%
Analyst Price Target
$120.50
+21.9%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

NetApp, Inc. (NTAP) trades at a trailing P/E of 16.0, forward P/E of 12.4. Trailing earnings yield is 6.23%, forward earnings yield 8.07%. PEG 0.71 (Peter Lynch undervalued ≤1.0). Graham Number is $28.38.

Criteria proven by this page:

  • VALUE (50/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
  • Forward P/E 12.4 (down from trailing 16.0) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 0.71 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 6.23% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 8.07% as earnings recover.
  • Analyst consensus target $120.50 (+21.9% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 66/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
66/100
SG Score
View full scorecard →
~
VALUE
50/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
46/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
~
HEALTH
50/100
Debt-to-Equity & liquidity
→ Health
MOAT
80/100
→ Income
GROWTH
63/100
→ Income
INCOME
70/100
→ Income

Valuation Snapshot — NTAP

Valuation Multiples
P/E (TTM)16.0
Forward P/E12.4
PEG Ratio0.71
Forward PEG0.30
P/B Ratio16.79
P/S Ratio2.90
EV/EBITDA11.5
Per Share Data
EPS (TTM)$6.12
Forward EPS (Est.)$7.98
Book Value / Share$5.85
Revenue / Share$33.88
FCF / Share$8.13
Yields & Fair Value
Earnings Yield6.23%
Forward Earnings Yield8.07%
Dividend Yield2.12%
Graham Number$28.38
SharesGrow IV$280.51 (+183.7%)
Analyst Target$120.50 (+21.9%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 30.4 -0.54 2.41 1.25 3.02%
2017 21.7 0.16 3.97 2.00 1.88%
2018 234.8 -2.77 8.63 3.02 1.20%
2019 15.8 0.01 16.98 3.01 2.18%
2020 12.3 -0.54 41.60 1.86 4.36%
2021 22.7 -2.99 24.21 2.89 2.58%
2022 17.4 0.63 19.49 2.59 2.73%
2023 10.8 0.27 11.92 2.17 3.13%
2024 21.6 -1.12 18.55 3.39 1.96%
2025 15.4 0.68 17.60 2.79 2.32%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $0.77 $5.55B $229M 4.1%
2017 $1.81 $5.52B $509M 9.2%
2018 $0.28 $5.91B $76M 1.3%
2019 $4.51 $6.15B $1.17B 19%
2020 $3.52 $5.41B $819M 15.1%
2021 $3.23 $5.74B $730M 12.7%
2022 $4.09 $6.32B $937M 14.8%
2023 $5.79 $6.36B $1.27B 20%
2024 $4.63 $6.27B $986M 15.7%
2025 $5.67 $6.57B $1.19B 18%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $7.98 $7.91 – $8.02 $6.84B $6.79B – $6.9B 12
2027 $8.53 $7.96 – $8.95 $7.18B $7.01B – $7.85B 12
2028 $9.40 $9.05 – $9.76 $7.57B $7.56B – $7.57B 5
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