NetApp (NTAP) fundamentals: P/E, valuation, undervalued?
NetApp · Information Technology · ref. ETF XLK · price $190.64
In short — NetApp trades at 30.5× earnings (P/E), 19.0× forward, with a net margin of 18.4 % and revenue growth of +13 %. Read: Cheap for the growth (P/E 19 for ~23% growth (PEG 0.8)).
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
$190.64+62.6% over range
Aug 28, 25low $94.11 · high $207.08Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Hold
25% recommend buying · 12 analysts
Valuation : Cheap for the growth — P/E 19 for ~23% growth (PEG 0.8)
Valuation
30.5
P/E (price/earnings)
19.0
Forward P/E
1.30
PEG
27.7
Price/book (P/B)
$37.4B
Market cap
6.25
EPS
Profitability & growth
18.4 %
Net margin
+13 %
Revenue growth
+23 %
Earnings growth
$2.7B
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 30.5 (forward 19.0). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is NetApp profitable?
NetApp has a net margin of 18.4 % (EPS 6.25). The company is profitable.
Is NTAP stock expensive?
Our read: "Cheap for the growth" — P/E 19 for ~23% growth (PEG 0.8). Cross-check with growth and sector.
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