NetApp
NTAP
#741
Rank
$26.23 B
Marketcap
$127.47
Share price
-0.96%
Change (1 day)
75.02%
Change (1 year)
NetApp, Inc., previously known as Network Appliance, Inc., is a company that operates in the field of data storage and data management.

P/E ratio for NetApp (NTAP)

P/E ratio as of June 2024 (TTM): 22.7

According to NetApp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.7219. At the end of 2022 the company had a P/E ratio of 8.92.

P/E ratio history for NetApp from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.92-58.96%
202121.71.45%
202021.440.5%
201915.3-70.85%
201852.3125.19%
201723.2-26.85%
201631.855.7%
201520.4-4.49%
201421.4-14.83%
201325.1-2.8%
201225.824.52%
201120.7-39.66%
201034.3-61.01%
200988.1417.14%
200817.0-48.81%
200733.3-36.46%
200652.435.78%
200538.6-41.95%
200466.417.02%
200356.8-20.51%
200271.4-73.87%
2001273

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.5-31.78%๐Ÿ‡บ๐Ÿ‡ธ USA
-9.96-143.83%๐Ÿ‡บ๐Ÿ‡ธ USA
-28.7-226.51%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
79.4 249.66%๐Ÿ‡บ๐Ÿ‡ธ USA
59.2 160.43%๐Ÿ‡บ๐Ÿ‡ธ 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.