NetApp Valuation
Is NTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Future Cash Flow Value
Significantly Below Future Cash Flow Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
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Below Future Cash Flow Value: NTA (CHF166.23) is trading below our estimate of future cash flow value (CHF223.44)
Significantly Below Future Cash Flow Value: NTA is trading below future cash flow value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NTA?
Key metric: As NTA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is NTA's PE Ratio? | |
|---|---|
| PE Ratio | 27.6x |
| Earnings | US$1.42b |
| Market Cap | US$39.14b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.2x |
| Enterprise Value/EBITDA | 18.2x |
| PEG Ratio | 3x |
Price to Earnings Ratio vs Peers
How does NTA's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 43.8x | ||
LOGN Logitech International | 18.2x | 2.39% | CHF 11.9b |
HPQ HP | 13.1x | 5.65% | US$32.0b |
P Everpure | 129.2x | 41.95% | US$32.7b |
4901 FUJIFILM Holdings | 14.8x | 10.50% | JP¥3.9t |
NTA NetApp | 27.6x | 9.35% | CHF 39.1b |
Price-To-Earnings vs Peers: NTA is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (43.8x).
Historical Price to Earnings Ratio
Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.
Fetching historical data
Price to Earnings Ratio vs Industry
How does NTA's PE Ratio compare vs other companies in the European Tech Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: NTA is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the Global Tech industry average (19.5x).
Price to Earnings Ratio vs Fair Ratio
What is NTA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 27.6x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NTA's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | CHF 158.00 0% | 7.07% | CHF 177.33 | CHF 137.65 | n/a | 16 |
| Sep ’27 | n/a | CHF 152.92 0% | 9.50% | CHF 169.75 | CHF 121.25 | n/a | 16 |
| Aug ’27 | n/a | CHF 143.09 0% | 11.00% | CHF 161.45 | CHF 110.59 | n/a | 16 |
| Jul ’27 | CHF 123.78 | CHF 141.95 +14.68% | 11.72% | CHF 161.59 | CHF 110.69 | n/a | 16 |
| Jun ’27 | n/a | CHF 127.26 0% | 15.59% | CHF 156.09 | CHF 91.31 | n/a | 15 |
| May ’27 | n/a | CHF 91.75 0% | 9.29% | CHF 107.32 | CHF 68.93 | n/a | 15 |
| Apr ’27 | n/a | CHF 91.77 0% | 9.10% | CHF 106.61 | CHF 68.48 | n/a | 15 |
| Mar ’27 | n/a | CHF 91.87 0% | 9.30% | CHF 105.32 | CHF 67.65 | n/a | 16 |
| Feb ’27 | n/a | CHF 97.06 0% | 9.39% | CHF 108.27 | CHF 70.33 | n/a | 16 |
| Jan ’27 | n/a | CHF 99.94 0% | 6.43% | CHF 110.12 | CHF 88.42 | n/a | 15 |
| Dec ’26 | n/a | CHF 100.61 0% | 7.05% | CHF 112.68 | CHF 88.53 | n/a | 15 |
| Nov ’26 | n/a | CHF 96.53 0% | 8.55% | CHF 111.56 | CHF 79.68 | n/a | 14 |
| Oct ’26 | n/a | CHF 94.73 0% | 8.70% | CHF 110.78 | CHF 79.13 | n/a | 14 |
| Sep ’26 | n/a | CHF 94.65 0% | 7.42% | CHF 104.02 | CHF 80.02 | n/a | 14 |
| Aug ’26 | n/a | CHF 91.48 0% | 8.72% | CHF 103.35 | CHF 79.50 | n/a | 14 |
| Jul ’26 | n/a | CHF 91.50 0% | 7.54% | CHF 103.99 | CHF 79.99 | CHF 123.78 | 16 |
| Jun ’26 | n/a | CHF 94.22 0% | 8.93% | CHF 111.35 | CHF 82.27 | n/a | 16 |
| May ’26 | n/a | CHF 94.28 0% | 11.74% | CHF 112.28 | CHF 69.68 | n/a | 16 |
| Apr ’26 | n/a | CHF 106.95 0% | 9.32% | CHF 135.00 | CHF 92.65 | n/a | 16 |
| Mar ’26 | n/a | CHF 114.38 0% | 10.37% | CHF 138.13 | CHF 99.31 | n/a | 16 |
| Feb ’26 | n/a | CHF 126.40 0% | 9.86% | CHF 146.02 | CHF 105.86 | n/a | 16 |
| Jan ’26 | n/a | CHF 124.00 0% | 9.60% | CHF 142.85 | CHF 103.57 | n/a | 17 |
| Dec ’25 | n/a | CHF 121.73 0% | 9.16% | CHF 141.28 | CHF 102.43 | n/a | 17 |
| Nov ’25 | n/a | CHF 113.19 0% | 10.08% | CHF 131.81 | CHF 91.84 | n/a | 16 |
| Oct ’25 | n/a | CHF 113.19 0% | 10.08% | CHF 131.81 | CHF 91.84 | n/a | 16 |
| Sep ’25 | n/a | CHF 111.20 0% | 9.87% | CHF 131.29 | CHF 91.48 | n/a | 16 |
Analyst Forecast: Target price is lower than the current share price.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/12 20:36 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/07/31 |
| Annual Earnings | 2026/04/24 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NetApp, Inc. is covered by 46 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Jayson Noland | Baird |
| Timothy Long | Barclays |