NetApp (NTAP) fundamentals: P/E, valuation, undervalued?
NetApp · Information Technology · ref. ETF XLK · price $239.01
In short — NetApp trades at 33.7× earnings (P/E), 21.4× forward, with a net margin of 19.2 % and revenue growth of +30 %. Read: Cheap for the growth (P/E 21 for ~64% growth (PEG 0.3)).
Is NetApp stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$239.01+98.3% over range
Oct 14, 25low $94.11 · high $239.18Oct 13, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Hold
40% recommend buying · 15 analysts
Valuation : Cheap for the growth — P/E 21 for ~64% growth (PEG 0.3)
Valuation
33.7
P/E (price/earnings)
21.4
Forward P/E
0.53
PEG
31.3
Price/book (P/B)
$46.9B
Market cap
7.09
EPS
Profitability & growth
19.2 %
Net margin
+30 %
Revenue growth
+64 %
Earnings growth
$2.5B
Total debt
NetApp income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2023 | $6.4B | $1.3B | 20.0 % |
| 2024 | $6.3B | $986M | 15.7 % |
| 2025 | $6.6B | $1.2B | 18.0 % |
| 2026 | $6.9B | $1.3B | 18.4 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is NetApp's P/E and is the stock undervalued? What's a good P/E?
NetApp's P/E is 33.7 (forward 21.4). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is NetApp profitable?
NetApp has a net margin of 19.2 % (EPS 7.09). The company is profitable.
Is NTAP stock expensive?
Our read: "Cheap for the growth" — P/E 21 for ~64% growth (PEG 0.3). Cross-check with growth and sector.
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