Is the price fair?
What NTAP's price assumes
NetApp trades at 26.7× earnings against 31.4× for the median Software - Infrastructure name, cheaper than its own group.
26.7
Trailing P/E · Software - Infrastructure median 31.4 · cheaper than the typical name in its group
- Price / sales
- 3.42
Price / sales · as of 2026-Q2
- Free cash flow yield
- 5.3%
Free cash flow yield · Software - Infrastructure median 5.1%
- 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 / book2026-Q2
- 15.8
- EV / EBIT2026-Q2
- 13.0
- EV / sales2026-Q2
- 3.48
- Technology median P/E365 names
- 36.5
- Software - Infrastructure median P/E81 names
- 31.4
- 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 | $98.34 |
| Its own P/E history, median | $130.07 |
| Its own P/E history, upper quartile | $146.54 |
| 52-week range | $93.63 – $207.11 |
| Today | $189.11 |
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