NTAP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NTAP's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
NTAP P/E ratio by year
Yearly range of NTAP’s p/e ratio from 2016 to 2026. Over the full period it ranged from -869.4 to 359.6, averaging 10.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 16.0 | 22.0 | 31.4 | 29.4 |
| 2025 | 14.1 | 19.3 | 23.3 | 18.6 |
| 2024 | 19.2 | 23.9 | 29.0 | 21.3 |
| 2023 | 9.2 | 14.6 | 28.4 | 27.4 |
| 2022 | 8.8 | 16.4 | 23.2 | 9.1 |
| 2021 | 20.9 | 24.1 | 29.4 | 22.3 |
| 2020 | 8.3 | 13.3 | 21.7 | 21.7 |
| 2019 | 11.5 | 17.6 | 59.4 | 15.5 |
| 2018 | -869.4 | -79.7 | 359.6 | 56.3 |
| 2017 | 18.3 | 26.2 | 39.0 | 23.7 |
| 2016 | 27.6 | 32.1 | 33.7 | 32.0 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is NTAP P/E ratio High or Low Right Now?
NetApp, Inc.'s P/E ratio is currently 29.4, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for NTAP is approximately 19.9. See all NTAP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.