NetApp Valuation

Is NTAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair 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 NTAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NTAP ($133.12) is trading below our estimate of fair value ($157.12)

Significantly Below Fair Value: NTAP is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NTAP?

Other financial metrics that can be useful for relative valuation.

NTAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA18x
PEG Ratio2.9x

Price to Earnings Ratio vs Peers

How does NTAP's PE Ratio compare to its peers?

The above table shows the PE ratio for NTAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
HPE Hewlett Packard Enterprise
13.8x14.1%US$25.0b
11.8x2.6%US$34.9b
STX Seagate Technology Holdings
65.5x26.8%US$21.9b
DELL Dell Technologies
22.1x13.9%US$79.2b
NTAP NetApp
27.8x9.7%US$27.4b

Price-To-Earnings vs Peers: NTAP is good value based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does NTAP's PE Ratio compare vs other companies in the Global Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NTAP is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the Global Tech industry average (20.6x).


Price to Earnings Ratio vs Fair Ratio

What is NTAP'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.

NTAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ratio27.2x

Price-To-Earnings vs Fair Ratio: NTAP is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NTAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$133.12
US$129.79
-2.5%
10.6%US$155.00US$105.00n/a16
Aug ’25US$122.51
US$127.54
+4.1%
10.5%US$155.00US$105.00n/a16
Jul ’25US$130.24
US$126.26
-3.1%
10.0%US$155.00US$105.00n/a16
Jun ’25US$120.43
US$118.83
-1.3%
8.2%US$138.00US$105.00n/a16
May ’25US$100.99
US$105.19
+4.2%
9.6%US$120.00US$85.00n/a17
Apr ’25US$105.04
US$104.75
-0.3%
9.8%US$120.00US$85.00n/a16
Mar ’25US$105.31
US$99.13
-5.9%
11.7%US$120.00US$78.00n/a16
Feb ’25US$87.45
US$90.38
+3.3%
9.5%US$105.00US$73.00n/a16
Jan ’25US$88.16
US$88.39
+0.3%
7.9%US$100.00US$73.00n/a18
Dec ’24US$91.28
US$87.11
-4.6%
8.2%US$100.00US$73.00n/a18
Nov ’24US$73.35
US$80.78
+10.1%
10.1%US$100.00US$63.00n/a18
Oct ’24US$75.88
US$80.78
+6.5%
10.1%US$100.00US$63.00n/a18
Sep ’24US$77.60
US$78.06
+0.6%
10.2%US$90.00US$62.00n/a18
Aug ’24US$78.87
US$76.17
-3.4%
9.5%US$89.00US$61.00US$122.5118
Jul ’24US$76.40
US$74.39
-2.6%
10.2%US$89.00US$60.00US$130.2418
Jun ’24US$71.96
US$72.94
+1.4%
10.6%US$89.00US$60.00US$120.4318
May ’24US$63.69
US$70.47
+10.7%
9.9%US$86.00US$58.00US$100.9919
Apr ’24US$63.85
US$71.70
+12.3%
9.1%US$86.00US$58.00US$105.0420
Mar ’24US$64.60
US$73.05
+13.1%
12.0%US$100.00US$58.00US$105.3121
Feb ’24US$67.11
US$76.67
+14.2%
14.4%US$110.00US$58.00US$87.4521
Jan ’24US$60.06
US$77.14
+28.4%
14.4%US$110.00US$58.00US$88.1621
Dec ’23US$68.07
US$80.86
+18.8%
13.7%US$110.00US$65.00US$91.2821
Nov ’23US$71.02
US$88.05
+24.0%
13.3%US$120.00US$71.00US$73.3521
Oct ’23US$61.85
US$88.70
+43.4%
12.2%US$120.00US$75.00US$75.8820
Sep ’23US$72.16
US$88.19
+22.2%
12.6%US$120.00US$68.00US$77.6021
Aug ’23US$71.96
US$86.45
+20.1%
14.3%US$120.00US$60.00US$78.8720

Analyst Forecast: Target price is lower than the current share price.


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