Is the price fair?
What NTAP's price assumes
NetApp trades at 30.5× earnings against 31.8× for the median Software - Infrastructure name, cheaper than its own group.
30.5
Trailing P/E · Software - Infrastructure median 31.8 · cheaper than the typical name in its group
- Price / sales
- 3.42
Price / sales · as of 2026-Q2
- Free cash flow yield
- 6.0%
Free cash flow yield · Software - Infrastructure median 5.3%
- Growth the price implies
- +3.3%
Growth the price implies · The price pays for +3.3% free cash flow growth a year for a decade; the business has delivered +29% a year over the last three.
Details›
- Price / book2026-Q2
- 15.8
- EV / EBIT2026-Q2
- 13.0
- EV / sales2026-Q2
- 3.48
- Technology median P/E376 names
- 37.0
- Software - Infrastructure median P/E81 names
- 31.8
- Free cash flow, trailing twelve months
- $1.87B
- Market capitalisation
- $31.3B
- 3-year free cash flow growth
- +29%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $87.74 |
| Its own P/E history, median | $115.07 |
| Its own P/E history, upper quartile | $132.22 |
| 52-week range | $93.63 – $207.11 |
| Today | $193.87 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Software - Infrastructure
Ranks #12 of 78 by Smart Score