NTAPNetApp
Is the price fair?
Neither cheap nor expensive: cheap vs its sector, but at the top of its own P/E range.
Priced for ~5% a year FCF growth. Moderate growth expectations are priced in.
Expensive vs its own history: P/E 33.5 vs a 18.1 median over 40 quarters (+85% vs median).
Sector median 30.5× across 203 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What NTAP's price assumes
NetApp trades at 33.5× earnings against 34.2× for the median Software - Infrastructure name, cheaper than its own group.
Trailing P/E · Software - Infrastructure median 34.2 · cheaper than the typical name in its group
- Price / sales
- 5.02
Price / sales · today's price, fiscal year to Apr 24, 2026
- Free cash flow yield
- 5.3%
Free cash flow yield · Software - Infrastructure median 5.3%
- Growth the price implies
- +5.0%
Growth the price implies · The price pays for +5.0% free cash flow growth a year for a decade; the business has delivered +16% a year over the last three.
Details›
- Price / booktoday's price, fiscal year to Apr 24, 2026
- 23.2
- EV / EBITtoday's price, fiscal year to Apr 24, 2026
- 18.0
- EV / salestoday's price, fiscal year to Apr 24, 2026
- 4.84
- Technology median P/E459 names
- 37.7
- Software - Infrastructure median P/E107 names
- 34.2
- Free cash flow, trailing twelve months
- $1.65B
- Market capitalisation
- $31.3B
- 3-year free cash flow growth
- +16%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $93.31 |
| Its own P/E history, median | $128.17 |
| Its own P/E history, upper quartile | $150.69 |
| 52-week range | $93.63 – $237.19 |
| Today | $237.19 |
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
The closest names by size in the same industry