Stock Analysis
NetApp, IncNTAP
P/E 31.37×· 5Y range 8.76–41.63×· top 8% of history
Sector: Technology · Industry: Computer Storage Devices
AnalystsHold28 analystsP/E 31.4× sits at the 92nd percentile of its 5.086926762491444-year history.
Cash covers 141% of debt · Q1 2027.
PMP Verdict
High quality, but expensive
Strengths
- Quality95
- Profitability90
Risks
- Valuation36
Excellent business. Weak entry price.
Market context
-5.1% today· Z 2.3σ
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓Altman Z 3.0 — safe-zone balance sheet
- ✓ROE 85.4% — efficient capital deployment
- ✓Interest coverage 17.6× — debt well covered
What's happening with NTAP
Profile
Strong earnings quality, profitability and financial health; valuation lags behind.
How is each axis scored?
- Valuation36/100 · Weak
- P/E vs own history (92th pct)0/25
- FCF yield (4.7%)12/25
- P/S (5.7x)12/25
- EV/EBIT (22.4x)12/25
- Growth63/100 · Moderate
- Revenue CAGR (2.3%)6/25
- Net income CAGR (8.0%)12/25
- EPS CAGR 5Y (11.6%)20/25
- Fwd implied growth (68.7%)25/25
- Profitability90/100 · Strong
- ROIC (301.7%)25/25
- ROE (85.4%)25/25
- Net margin (18.4%)20/25
- Operating margin (25.0%)20/25
- Financial Health87/100 · Strong
- Altman Z (3.02)25/25
- Current ratio (1.24)12/25
- Interest coverage (17.6x)25/25
- Net cash / debt (Net cash)25/25
- Quality95/100 · Strong
- Piotroski F (8/9)25/25
- Beneish M (-7.11)25/25
- FCF conversion (146%)25/25
- Margin stability (σ 5.2%)20/25
- Moat62/100 · Moderate
- ROIC >12% years (n/a)0/25
- Median gross margin (66.6%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 1.3%)12/25
Risk Flags
- ⚠SBC 5.5% of revenue — real dilution cost
- ⚠P/E 31.4× at top 8% of 5-year history
About NetApp, Inc
NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company. Show more
Its flagship ONTAP data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises world'wide. Its operations are organized into two segments Hybrid Cloud and Public Cloud. It generates majority of revenue from Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. It generates majority of revenue from United States followed by International market.
Headquarters: SAN JOSE, CA · Employees: 11,700 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
36DP/E (TTM)31.2xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 8.8x–41.6x · 92nd pct
P/FCF25.7xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.7%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 3.1%–8.3% · 24th pct
P/S (TTM)5.75xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 2.0x–6.8x · highest in history
EV/EBIT22.4xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 9.6x–29.3x · 82nd pct
EV/Sales5.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E18.5xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio26.63xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.34C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.97%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio29.0%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
90A+ROIC301.7%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE85.4%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA13.7%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin18.4%A
Grade A: HighNet Income / Revenue
Operating Margin25.0%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin70.7%A
Grade A: PremiumGross Profit / Revenue
FCF Margin27.0%A
Grade A: HighFCF / Revenue
True FCF Margin21.5%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
63BRevenue CAGR2.3%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR8.0%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)11.6%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth68.7%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-14.2%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income29.9%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue5.5%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
87AAltman Z-Score3.02A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.24xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.16xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage17.6xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity1.69xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt1.41xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
95A+Piotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-7.11A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion146.5%A
Grade A: StrongFCF / Net Income
Margin Stability5.2%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.9%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.72xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
O'Callahan Elizabeth M Filed | O'Callahan Elizabeth M | SellOpen market sale | -1000 | |
Palin Carrie Filed | Palin Carrie | SellOpen market sale | -5000 | |
HELD GERALD Filed | HELD GERALD | SellOpen market sale | -5757 | |
Kurian George Filed | Kurian George | SellOpen market sale | -1002 | |
Kurian George Filed | Kurian George | SellOpen market sale | -1697 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Kurian George Filed | Kurian George | SellOpen market sale | -3612 | |
Kurian George Filed | Kurian George | SellOpen market sale | -3689 | |
Kurian George Filed | Kurian George | SellOpen market sale | -50000 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years—
Share of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)66.6%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor1.3%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$6.50
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$18.24
Cash & short-term investments per share (Finnhub)
Book Value / Share$7.63
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$2.53B
Total debt obligations (short + long term)
Cash & Equiv.$3.58B
Cash and short-term investments
Net Debt$-1.04BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$1.50B
Shareholders' equity (book value)
Asset / Liability1.16xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$39.81B
Current Market Capitalization
Beta1.52C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jul 2026 · Ratio snapshot Oct 17, 2026
Key Insights: NetApp, Inc (NTAP)
NTAP is down 5.08% at the last close. NetApp, Inc meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 3.02 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -7.11 suggests a low likelihood of earnings manipulation.
- NetApp, Inc converts about 27% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- Return on equity of 85.4% is well above the market average.
See how NTAP ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all NTAP moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | After-hours | 202.69 | -5.59% | -2.30 |
| Oct 14 | Pre-market | 228.81 | -4.27% | -3.01 |
| Oct 14 | Regular | 222.33 | -6.98% | -4.58 |
| Oct 14 | After-hours | 219.94 | -7.98% | -5.16 |
| Oct 2 | After-hours | 229.00 | +6.49% | 2.03 |
Frequently Asked Questions about NTAP
What is the current NetApp, Inc (NTAP) stock price?
NTAP is trading at $203.80 at the last market close, down 5.08% on the session. PreMarketPrice tracks NTAP pre-market, intraday and after-hours prices.
Is NTAP stock a buy right now?
PreMarketPrice's quantitative model rates NetApp, Inc's financial health at 87/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is NTAP stock overvalued?
NetApp, Inc trades at a trailing P/E of 31.2 and our valuation score rates it 36/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does NetApp, Inc report earnings?
No confirmed earnings date is currently scheduled for NTAP. The Earnings section lists recent reports and updates as dates are announced.
What sector does NetApp, Inc operate in?
NetApp, Inc operates in the Technology sector, within the Computer Storage Devices industry. The Related Stocks section lists sector peers for comparison.
What does NetApp, Inc do?
NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company.
About NetApp, Inc (NTAP) Stock
NetApp, Inc (NTAP) is a US-listed stock operating in the Technology sector, specifically the Computer Storage Devices industry. As of the latest update, NetApp, Inc is trading at $203.80, down 5.08% on the day with a market capitalization of $39.8 billion. The financial health score for NTAP is 87/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for NTAP stock.
NTAP Stock Analysis & Key Metrics
On PreMarketPrice, you can track NetApp, Inc (NTAP) across multiple dimensions:
- Pre-market price & movement: Real-time NTAP stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for NTAP with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for NetApp, Inc across multiple reporting periods.
- Financial health score: A composite score of 87/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for NTAP.
- Sector peers: Compare NTAP against 6 other technology stocks on key financial metrics.
Is NTAP a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate NetApp, Inc (NTAP) as an investment. The financial health score of 87/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.NetApp, Inc (NTAP) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.