P/E ratio for NetApp (NTAP)
P/E ratio as of May 2023 (TTM): 11.7
According to NetApp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7203. At the end of 2021 the company had a P/E ratio of 21.7.
P/E ratio history for NetApp from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.7 | 1.45% |
| 2020 | 21.4 | 40.5% |
| 2019 | 15.3 | -70.85% |
| 2018 | 52.3 | 125.19% |
| 2017 | 23.2 | -26.85% |
| 2016 | 31.8 | 55.7% |
| 2015 | 20.4 | -4.49% |
| 2014 | 21.4 | -14.83% |
| 2013 | 25.1 | -2.8% |
| 2012 | 25.8 | 24.52% |
| 2011 | 20.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HP HPQ | 12.2 | 4.34% | 🇺🇸 USA |
 Western Digital WDC | -18.4 | -256.82% | 🇺🇸 USA |
 Seagate Technology STX | -75.3 | -742.60% | 🇮🇪 Ireland |
 Supermicro SMCI | 21.1 | 79.70% | 🇺🇸 USA |
 Teradata TDC | 131 | 1,020.44% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.