NTAP P/B: current value, 10-year range and year-by-year history
Cash & Leverage
NTAP's p/b is higher than 65% of the last 10 years.
P/B History
NTAP P/B by year
Yearly range of NTAP’s p/b from 2016 to 2026. Over the full period it ranged from 3.1 to 49.4, averaging 19.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.9 | 20.8 | 27.7 | 24.8 |
| 2025 | 15.9 | 22.4 | 29.7 | 21.9 |
| 2024 | 18.0 | 24.6 | 30.9 | 27.3 |
| 2023 | 11.1 | 16.2 | 25.0 | 24.2 |
| 2022 | 10.6 | 20.1 | 28.8 | 11.0 |
| 2021 | 24.8 | 29.7 | 41.7 | 27.8 |
| 2020 | 26.6 | 36.3 | 49.4 | 40.1 |
| 2019 | 9.9 | 16.4 | 28.0 | 27.4 |
| 2018 | 5.5 | 9.8 | 14.3 | 10.3 |
| 2017 | 3.6 | 4.3 | 5.8 | 5.5 |
| 2016 | 3.1 | 3.6 | 3.8 | 3.6 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is NTAP P/B High or Low Right Now?
NetApp, Inc.'s P/B is currently 24.8, which is above average relative to its 10-year historical range. The 10-year median P/B for NTAP is approximately 19.9. See all NTAP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.